Daily Newsletter: March 9, 2010

FINalternatives

FINalternatives


 
Today's News
  Publisher's Note
New Arbitrage Hedge Fund Nine Masts To Set Sail
A former DKR Oasis Management hedge fund manager and a former Deutsche Bank proprietary trading desk chief have founded a Hong Kong-based relative value shop.
 
Gartmore Posts Profit As Assets Rise And Debt Falls
Gartmore Group returned to profit last year after using proceeds from its initial public offering to pay down its debt.
 
German Regulator Takes Heat Off Hedge Funds On Greece
The German financial regulator, BaFin, said that it had found no evidence that credit default swaps were being used to push Greece towards default.

 

Regulator Raps Norshield Execs. For Misleading Investors
The heads of hedge fund Norshield Asset Management misled investors before it collapsed five years ago, Canadian regulators have ruled.

 

JPMorgan Named Largest U.S. Hedge Fund
JPMorgan Chase has reclaimed its throne as the largest hedge fund manager in the U.S. as the biggest hedge funds in the country nearly doubled their assets in 2009.

 

Brevan Shutters First UCITS Fund
UCITS III-compliant vehicles are one of the fastest-growing segments of the hedge fund industry, except at Brevan Howard Asset Management.

 

Hedge Funds Up 0.87% In Feb.
Hedge funds posted mixed, if broadly positive, returns in February, according to the Credit Suisse/Tremont Hedge Fund Index.

 

Prosecutors Seek Three Centuries For Petters
When it comes to convicted fraudster Thomas Petters, “lock him up and throw away the key” hardly does justice to the prosecution’s sentencing recommendation.

 

Citi Adds Tribridge Distressed Manager
Hedge fund manager John Liptak has joined Citigroup to lead its Asia-Pacific distressed and special situations group.

 

Singapore Seeks Mayfair Of Its Own
The city-state’s JTC Corp. is touting Nepal Hill, a 15-minute drive west of downtown Singapore, as the perfect place to run a hedge fund.

 

Old Mutual Preps Dublin-Domiciled Mid-Cap Fund
Old Mutual Asset Managers will launch an on-shore version of its British mid-cap hedge fund in May.

 

Q&A: FPP Emerging Markets Strategy Up Over 100% in '09
Jonathan Neill is chief strategist and lead portfolio manager for long directional funds at UK-based FPP Asset Management. Neill took some time last week to speak with FINalternatives senior reporter Mary Campbell about the attractions of undervalued stocks, the upside to risk aversion, and the truth about China ‘experts.’

Due to a problem with an element of the FINalternatives Web site that was hosted by an outside vendor, some of you may have seen a ‘Malware’ warning when you visited the site. The link to the vendor has been removed and the site is safe to visit. However, it could take a few days for Google to remove the warning. We apologize for the confusion.

Kind Regards,
Deirdre Brennan, Publisher
 
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