Daily Newsletter: March 10, 2010

FINalternatives

FINalternatives


 
Today's News
  Publisher's Note

Horseman Investors Flee After Founder Steps Down
In December, Horseman Capital lost its most high-profile fund manager, founder John Horseman. In January, it lost most of its assets.

 

Hedge Fund Trader Wore Wire In Galleon Probe
A second former Galleon Group trader wore a wire as part of the insider-trading probe that snared Galleon founder Raj Rajaratnam.
 
Auriel Offers British Market Neutral Fund
The London-based firm’s Auriel UK Equity Fund will invests in the most liquid British stocks—those comprising the FTSE 100 Index—with both long and short portfolios.

 

Greek Leader Calls For Strict Hedge Fund Regulation
Despite the findings of German regulators that there is no evidence that hedge funds used credit default swaps to push his country to the brink of default, Greek Prime Minister George Papandreou is demanding that hedge funds be more strictly regulated.

 

Eureka: Hedge Funds Up 0.52% In Feb.
Hedge funds were up slightly last month as all but one strategy posted gains, according to early estimates from Eurekahedge.

 

Limo Driver Pleads In Hedge Fund Fraud
A limousine-driver-turned-hedge-fund-fraudster has admitted to swindling investors out of almost $20 million.

 

Man Gets Merrill Vote Of Confidence
“There is no reason to assume AHL is broken,” Merrill Lynch told its clients. “Our view is that the current behavior of AHL is relatively typical of the strategy in a trendless market.”

 

Dollar Favored, Euro Troubled According To Hedge Funds
The greenback remains their favored currency by a wide margin, according to a new survey.

 

EU May Bank Sovereign CDS Naked Shorts
European Commission President Jose Manuel Barroso told the European Parliament that that new “reflection” is needed on sovereign CDS.

 

Atlantic IM Launches Asia Ex-Japan Hedge Fund
New York-based hedge fund Atlantic Investment Management has launched a new Asia-focused hedge fund.

 

LGIM Invests In GLG UCITS Fund
Legal & General Investment Management’s multi-manager range has made its first investment in a hedge fund.

 

Apollo To Acquire Citi Real Estate Unit
Private equity firm Apollo Management will buy Citigroup’s real estate investment business. The New York-based firm signed a letter of intent to acquire Citi Property Investors, which has $3.5 billion in assets.

 

Oakley Nabs Credit Agricole Hedge Fund Executive
Teun Johnston has been named a portfolio manager at Oakley Alternative Investment Management, where he’ll work to develop the firm’s investment function and business.

 

Third Eye Adds IR, Marketing Chief
Christopher Vokes was named vice president at the private equity specialist.

 

Century Atlantic Founder Returns To Insurance Industry
Hedge fund founder Jonathan Zaffino has joined insurance broker Marsh.

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Kind Regards,
Deirdre Brennan, Publisher
 
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