Hermes Appoints Saker Nusseibeh as Head of Investment
Hermes Fund Managers Ltd (Hermes) is delighted to announce the appointment of Saker
Nusseibeh in a new role as Head of Investments, spanning all of its asset management
capabilities.
Saker will take responsibility for the continued drive to develop Hermes’ investment
capabilities to their full potential, providing oversight and support to the [...]
The two press releases below from the SEC showcase what can happen if a manager is found to have perpetrated a fraud against investors.
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Michael Lauer to Pay More Than $62 Million in Hedge Fund Fraud Case
FOR IMMEDIATE RELEASE
2009-106
Washington, D.C., May 8, 2009 — The Securities and Exchange Commission announced today that Michael Lauer, the head [...]
Background Information
Manger: Millennium Partners, L.P.
Website:
Attorney: Schulte Roth & Zabel LLP
Public/Private: Private
SEC Registered: No
Location: New York City
AUM: around $8 billion
Strategies: private equity and hedge fund investments
Founders: Israel A. Englander
Key Employees: Terence William Feeney (COO); Fred Michael Stone (CLO);
Related Entities: Millennium Management, L.L.C.; Millennium International Management, L.L.C.; Millennium USA, L.P.
Other: known for market timing scandal (see below)
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Articles [...]
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 [...]
SkyBridge Capital’s First Annual SALT Conference To Be Headlined by Alternative Asset Management Industry Leaders
NEW YORK, May 6 /PRNewswire/ — SkyBridge Capital, which provides strategic capital to new and early-stage hedge funds, announced today that more than 500 asset managers and investors and other industry thought leaders have registered to convene at its first annual [...]
Background Information
Manger: Morgan Creek Capital Management, LLC
Public/Private: Private
Website: http://www.morgancreekcap.com/
Location: Chapel Hill, North Carolina
AUM: $9.8 billion
Registration: SEC registered; North Carolina notice filing
Strategies: various hedge fund strategies
Important Personnel: Mark Yusko, Dennis Miner, William Watts
Funds: Morgan Creek Partners Co-Investment Fund I, LP; Morgan Creek Dislocation Fund, LP; Tiger Select Absolute Return Enhanced Fund, LP; Morgan Creek Partners III, [...]
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 [...]
Acclaimed Corporate Credit Strategist Sam DeRosa-Farag Joins Morgan Creek Capital Management
13-Year Institutional Investor - Ranked High Yield Strategist Named Morgan Creek Principal
CHAPEL HILL, N.C.–(BUSINESS WIRE)–Morgan Creek Capital Management, LLC, a $9 billion global investment management firm and registered investment advisor based in Chapel Hill, North Carolina with offices in New York, Hong Kong and Beijing, [...]
NEW YORK, NY — 04/29/09 — EXENET LLC, a leading provider of IT consulting, integration and outsourcing services for law firms, alternative investment and wealth management companies, today announced a new Mergers & Acquisitions Technology Consulting and Integration Service for Hedge Funds. EXENET will provide firms with management consulting, post-merger integration and Managed Infrastructure IT [...]
dms Management Ltd. Article ‘Fund governance: size matters’ Featured in Hedge Fund Manager Week, Cayman Report 2009
GEORGE TOWN, Cayman Islands, May 5 /PRNewswire/ — dms Management Ltd. (dms), the largest management firm in the Cayman Islands focused on serving the hedge fund industry, recently penned an article, “Fund governance: size matters”, for the financial industry [...]