The Hedge Funds Weblog
Seen that? – You’re Fired!
You’re Fired! The Hedge Funds Weblog
I've noticed a lot of firing going on in the hedge fund world. Whenever there is a big buyout or takeover a lot of high end jobs go out the window. Also the hedge funds, which are usually very near at hand when these "resignations" take place, don't like to talk about it very much, which I suppose is natural. But I recently had a big $16 billion hedge fund ask [...] Read More
NY Hedge Fund Manger Joins With Canadian Giant The Hedge Funds Weblog
In HedgeCo news, two established management firms have formed a mutually supportive relationship to provide Canadian alternative investors with access to the best alternative asset products globally. New York-based Fairfield Greenwich Group ("FGG"), a $16.6 billion global hedge fund and fund of hedge funds management firm has formed a cooperative venture with sceptre Investment Counsel Limited, one of Canada's leading independent money management firms. Richard L. Knowles, Sceptre's President and CEO said, [...] Read More
$2 Billion Raised for Investcorp’s Emerging Hedge Fund Talent Fund The Hedge Funds Weblog
Photo courtesy of iStockphoto, Andrey Volodin In a HedgeCo story today Investcorp's hedge fund co-managers said they have raised over $2 billion for their Single Manager Platform. Debuted in 2005, The platform supports emerging talent in the hedge fund industry. Investcorp provides between $50 million and $100 million in seed capital to the managers along with support for marketing and ongoing risk monitoring to avoid style-drift and other operational concerns. Investcorp's [...] Read More
Hedge fund bonanza Sox First
How much do hedge fund managers make? A lot more than ordinary folk.According to a new study, the top 20 private equity and hedge fund managers pocketed an average $657.5 million, or 22,255 times the pay of an average US worker. The top four each pocketed over $1 billion.According to the Institute for Policy Studies and United for a Fair Economy study, chief executives made 364 times the pay of [...] Read More
The hedge fund, the stripper and the missing millions Sox First
There are some real doozies around but this one is too good to ignore.In Canada, a hedge fund manager Paul Eustace made the wrong call on US interest rates, lied to investors, lost $208-million, stole about $2 million of client cash, cheated on his wife with a stripper for years and used investor money to give that stripper $1-million worth of gifts including breast augmentation surgery. Now with a few [...] Read More
No Comments