Calpers Proposes New Plan to Increase Fund’s Target for Corporate Buyout and VC Investments
The California Public Employees’ Retirement System (Calpers), which manages $169 billion in public pension funds, may boost its private-equity investments by around 40 percent as slumping markets create some acquisition bargains.
To view the full related press release on this matter, please visit:
Calpers [...]
Self-Examination Checklist: For FCMs, IBs, CPOs and CTAs
Introduction:
NFA Compliance Rule 2-9 places a continuing responsibility on every Member to diligently supervise its employees and agents in all aspects of their futures related activities. NFA recognizes that, given the differences in the size and complexity of the operations of NFA Members, there must be some degree [...]
SEC Wins Major Hedge Fund Fraud Case Against Michael Lauer, Head of Lancer Management Group
The Securities and Exchange Commission announced that a district court judge today granted its motion for summary judgment against the architect of a massive billion-dollar hedge fund fraud. Michael Lauer of Greenwich, Conn., was found liable for violating the anti-fraud provisions [...]
1. Paulson Advantage Plus
Manager:
Strategy: Event Driven
2. Balestra Capital Partners
Manager:
Strategy: Global Macro
3. Vision Opportunity Capital
Manager:
Strategy: Relative Value
4. Paulson Enhanced
Manager:
Strategy: Merger Arbitrage
5. Quality Capital Mgmt - Global Diversified
Manager:
Strategy: Global Diversified
6. Altis Global Futures Portfolio - Composite
Manager:
Strategy: Managed Futures
7. Belvedere Futures Strategy
Manager: Belvedere Advisors LLC
Strategy: Managed Futures
8. Pivot Global Value
Manager:
Strategy: Global Macro
9. RG Niederhoffer Diversified (Offshore) Class B
Manager:
Strategy: [...]
Sprott Asset Management Inc. (”SAM“) announced on May 25th, 2009 that senior portfolio manager, Jean-Francois Tardif, has expressed his intention to retire. Mr. Tardiff currently leads the investment management team for the Sprott Opportunities Hedge Fund L.P., the Sprott Opportunities Offshore Fund Ltd., Sprott Opportunities Capital Fund, L.P. and the Sprott Opportunities RSP Fund (collectively, [...]
Hedge Funds to be Subject to “Surprise Exams”
In addition to the likelihood of hedge fund registration, the SEC is now proposing to have “gatekeepers” to make sure that investment advisors are not engaged in any fraudulent behavior. When and if such a requirement is adopted, it will further burden investment advisors with more paperwork. “Surprise [...]
Funds return an average of +4.3% in April, but redemptions cause industry assets to rise only slightly
NEW YORK–(BUSINESS WIRE)–HedgeFund.net (HFN) releases April hedge fund asset flow and performance estimates. After turning positive for the year in March, aggregate hedge fund performance jumped in April to the highest level in more than 9 years. With 1,633 [...]
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21023 / May 5, 2009
Securities and Exchange Commission v. Jon-Paul Rorech, et. al., Civil Action No. 09 CV 4329- (JGK)(SDNY)
SEC FILES FIRST CREDIT DEFAULT SWAP INSIDER TRADING CASE
The Securities and Exchange Commission filed a civil action in the United States District Court for the Southern District of New [...]
Cogent Partners to launch hedge fund advisory effort with Pascale Alvanitakis-Guély
London, 11 May 2009 – Cogent Partners, a specialty investment bank focused on alternative assets, today announced the launch of a new hedge fund advisory business and the appointment of Pascale Alvanitakis-Guély, a former Lehman Brothers Managing Director, as a Senior Adviser to spearhead [...]
NEW YORK–(BUSINESS WIRE)–Royce & Associates, LLC (Royce), investment advisor to The Royce Funds, is pleased to announce three recent additions to its investment staff. Carl Brown, Brendan Hartman and Jim Stoeffel joined the firm on May 1, 2009.
Carl Brown, Portfolio Manager of Royce, has 15 years of investment industry experience. Prior to joining Royce, he [...]