Archive for June, 2011
New York Hedge Fund Launch: Spiegel’s Long/Short Stanphyl Fund
New York-based limited liability company Stanphyl Capital GP, LLC (Stanphyl) has launched a long/short equity hedge fund. The new hedge fund, Stanphyl Capital Partners, LP., launched earlier this month out of NYC. Managing member Mark Spiegel reported the current AUM at $2M. The Strategy – Stanphyl runs a highly concentrated (three to ten “best ideas”) [...]
Dyment Joins UBS as Global Head of Hedge Fund Distribution
Global wealth management giant UBS has appointed John Dyment, president and founder of $9 billion Greenwich hedge fund, Shumway Capital Partners, as UBS’s Global Head of Hedge Fund Distribution. Based in New York, Dyment will be responsible for the management and development of UBS’s strategically important hedge fund franchise, with global functional responsibility for sales, [...]
Charges: Celebrity Poker Ring Paid With Stolen Hedge Fund Money
Tobey Maguire, Leonardo DiCaprio, Ben Affleck and Matt Damon are among a dozen high-profile celebrities alledged to have been involves in an illegal poker ring. Some of the celebrities are being sued, according to Star Magazine, because the money they are said to have won from former hedge fund manager Bradley Ruderman was stolen from his [...]
North American Hedge Fund Assets Cross $1.2 Trillion
The Eurekahedge Hedge Fund Index was down 1.24% during the month, against the backdrop of a 4.75% increase in the VIX and a 2.52% decline in global equities, as measured by the MSCI AC World Index (see graph). Although this was the first negative month for hedge funds since June 2010, the average return of -1.24% can [...]
Swedish Hedge Fund Launch: DnB NOR Global Energy
Stockholm based hedge fund manager, Carlson Fund, has launched a Global Energy fund. The fund invests in traditional energy companies globally, emerging markets included. Prime investment targets are oil and gas companies as well as in the service industry. Lill Evanger Aafos and Aliya Orazalina will be managing the fund. They have 28 years of [...]
Sadis & Goldberg Named Best US Hedge Fund Law Firm
Sadis & Goldberg was named the best law firm in the United States at the Hedgeweek USA Awards. The awards were for excellence among hedge fund managers and service providers for the U.S. industry’s best performers and their ability to demonstrate consistency and depth of expertise against the backdrop of a more complex investment climate. [...]
Preet Bharara on the Galleon Hedge Fund Trial
The June 27, 2011, issue of The New Yorker, on page 42, “A Dirty Business”, George Packer, writes about the biggest insider-trading case in history, and has an exclusive interview with Preet Bharara, the United States Attorney for the Southern District of New York, whose office pursued the investigation. When Bharara took office, in 2009, he made it [...]
Merrant Outperforms With High Sharpe Ratio and Low Standard Deviation
Leading Swedish hedge fund investor, Merrant Alpha Select, has continued to outperform its peers, according to global hedge fund research provider Morningstar. Merrant Alpha Select has the second highest Sharpe ratio and the third lowest standard deviation of all the 2700 Fund of Hedge Funds (FoHFs)on Morningstar Direct´s global database. “The (fund) has an unbroken [...]
Bill Clinton And Jon Bon Jovi Present 100 Women in Hedge Funds 2011 New York Gala
The 100 Women in Hedge Funds 2011 New York Gala will be held on November 16th at Cipriani 42nd Street, New York. The Clinton Global Initiative (CGI), specifically the U.S. Childhood Obesity Prevention program through the Alliance for a Healthier Generation, will be the beneficiary of the Gala and other fundraisers held in the US [...]
Bloomberg’s 50 Most Influential People In Finance
Bloomberg Markets Magazine has announced plans to unveil an exclusive list of the most influential people who move the world’s markets, Bloomberg Markets 50, in their October 2011 issue. The list will include business and financial executives, investors, bankers, government leaders, hedge fund managers, economists, and analysts who influence the value of everything from corporations [...]
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