What’s news around the hedge fund industry for Wednesday, May 22, 2013:

Around the web

Ken Griffin lashes out at Crain’s Chicago Business’ Greg Hinz. (Capitol Fax blog)

Despite risks, Brazil courts the millisecond investor. (DealBook)

Timing just right for Markit. (DealBook)

Behavioral investing principles are more relevant than ever. (Institutional Investor)

And the most beloved stock by hedge funds is…. (ZeroHedge)

Occitan Capital Partners to close amidst losses. (FINalternatives)

Goldman: Hedge funds trailing S&P 500 by wide margin. (FINalternatives)

Think all Tiger Cubs are the same? Not so fast. (iiAlpha)

What is the AIFMD state of play? (Hedgeweek)

North Street Group acquires Hedge Fund Solutions. (eVestment)

Bulldog Investors targets Firsthand Technology Value Fund manager Kevin Landis. (FINalternatives)

Dish Network co-founder Charlie Ergen offers $2 billion for LightSquared spectrum. (FINalternatives)

Emerging markets hedge funds manage record $151 billion. (HFR, via FINalternatives)

Stevie Cohen unplugged. (Reuters’ Unstructured Finance blog)

Red Oak Partners cries foul over Digirad Corp. board vote. (FINalternatives)

Monarch Alternative Capital promotes five. (FINalternatives)

Bloomberg billionaires map. (Bloomberg)

Fordham University releases alternative investment survey. (eVestment)

People moves

SaLaurMor Capital hires Anat Leon. (Opalesque)

What’s news around the hedge fund industry for Tuesday, May 21, 2013:

Around the web

Robin Hood tax: a long shot. (Financial Times)

Financial markets are at risk of a ‘big data’ crash. (Maureen O’Hara and David Easley in the FT)

U.S. Attorney in phone leaks has seen both sides. (NYTimes.com)

Ex-Diamondback Capital Management portfolio manager Michael Sedoy eyes fourth quarter launch for Kimmeridge Energy Advantage fund. (Hedge Fund Intelligence)

Moore Capital’s Louis Bacon to anchor $750 million senior loan fund. (Buyouts)

SEC Democrat Elisse Walter signals quick action on advertising rule. (FINalternatives)

Inspector General’s report on the CFTC’s oversight and regulation of MF Global. (Sen. Richard Shelby’s web site)

Ken Griffin’s rant on Illinois taxes and corporate cronyism very instructive – for those who care to learn. (Crain’s Chicago Business) Related

Credit Suisse is Asia’s second-largest prime broker, behind Goldman Sachs. (FINalternatives)

Arrowhead Capital Management’s James Fry goes on trial in Tom Petters-linked case. (FINalternatives)

Russia seeks to track Hermitage Capital’s Bill Browder. (FINalternatives)

World’s biggest funds of hedge funds. (iiAlpha)

Eddie Lampert’s ESL Investments boasts soaring stock portfolio. (iiAlpha)

Default swaps on junior bank debt fall on ISDA rule speculation. (Bloomberg)

CFTC said to be preparing ISDAfix Probe Talks in weeks. (Bloomberg)

What’s news around the hedge fund industry for Wednesday, May 15, 2013:

Around the web

Dan Loeb Timeline: The playbook of an activist hedge fund manager. (DealBook)

Citi closes hedge fund office in Waterford. (eVestment)

Why hedge funds’ criticism of the Fed may be right. (DealBook)

Caynon Partners posts solid first quarter gains. (iiAlpha)

Vladimir Golubkov, CEO of SocGen Russia unit, held over suspected kickbacks. (Reuters)

SAC owes $549 million for Elan trades, investors say. (Bloomberg)

Government will provide names of alleged Martoma co-conspirators. (FINalternatives)

Artis Capital Management analyst Matthew Teeple pleads not guilty to insider trading. (FINalternatives)

Tourre hires new lawyer for CDO trial. (FINalternatives)

What’s news around the hedge fund industry for Tuesday, May 14, 2013:

Around the web

A cryptographic key to the Sacramento Kings saga. (Bloomberg Businessweek)

Morgan Stanley CEO James Gorman defends bond-trading business strategy. (Reuters)

Forging its own path, Cantab Capital Partners finds success. (DealBook)

Ex-wife of SAC’s Cohen hires new lawyer in revived lawsuit. (DealBook)

CNBC excerpts: David Tepper, Appaloosa Management founder and CIO, on ‘Squawk Box’. (CNBC)

Barclay Hedge Fund Index gains 0.75% in April (+4.96% YTD); Pacific Rim equities up 13.50% in 2013. (Opalesque)

Will FoHF fall prey to the innovator’s dilemma? (InvestHedge)

Hedge fund job activity still robust in April. (HFObserver)

Backing up big data. (Bloomberg TV)

CNBC ratings down as markets rise. (New York Post)

Full IRS Inspector General report on ‘inappropriate’ targeting of conservative groups. (ZeroHedge)

What’s news around the hedge fund industry for Monday, May 13, 2013:

Around the web

True alpha – top holdings of highest-earning ‘guru’ David Tepper. (Forbes)

A social media view of SALT 2013 – the ‘Davos of Hedge Funds’. (DealBook)

Oil falls as Fed discusses QE exit. (Futures Magazine)

SEC Chair White agrees with calls for U.S. stock market review: official. (Reuters)

Ex-Blackrock star Mark Lyttleton held in City trading probe. (Sky News)

SEC focus may lead to 2012 Stock Act being amended. (NPR)

Ex-JPMorgan credit trader Tolga Uzuner readies Brocade Capital Management. (Financial News, via FINalternatives)

An SEC settlement that seems to favor Falcone. (DealBook)

Bloomberg’s privacy breach and the new church/state divide. (Forbes)

Bloomberg isn’t the only company able to spy on users. (Forbes)

Do hedge funds manipulate stock prices? (Journal of Finance, via MoneyScience)

Risk management and firm value: evidence from weather derivatives. (Journal of Finance, via MoneyScience)

Morgan Stanley Alternative Investment Partners launches alternative mutual fund. (FINalternatives)

Dell seeks more info on Icahn offer. (FINalternatives)

Hedge funds enjoy May inflows. (FINalternatives)

StanChart falls after Muddy Waters flags bad debts. (Reuters)

Quote milestone signals U.S. market weakness.(The Trade News)

Hedge funds sue Porsche – again. (FINalternatives)

Why hedge fund managers should never buy sports teams. (iiAlpha)

Managing the people side of risk. (McKinsey & Co.)

Kenneth Langone ‘terrified’ Jamie Dimon would resign after JPM chairman/CEO role separation vote.

CBOE’s Bill Brodsky eases way for N.Y. transplants. (Crain’s Chicago Business)

People moves

Stream Capital hires hedge fund industry vet Katherine Hill. (eVestment)

What’s news around the hedge fund industry for Thursday, May 9, 2013:

Around the web

Presenting flash trading detectives at work. (ZeroHedge)

This video of one half-second of high-frequency trading is insane, terrifying. (Nanex, via HuffPo)

That was Seth Tobias’ widow flipping Joakim Noah the bird at the Bulls-Heat game Wednesday night. (Deadspin)

Trustee weighs pursuing banks in Peregrine Financial collapse. (WSJ’s MoneyBeat blog)

Goldman’s Gary Cohn can’t escape the ’squid’. (DealBook)

If hedge funders are so smart, why are they so relentlessly wrong? (The Atlantic)

What happens in Vegas for hedge funds. (DealBook)

Why hedge fund big shots hate Ben Bernanke. (Forbes)

Loeb says Japan rally in early stages. (WSJ’s MoneyBeat blog)

The mutualization of hedge funds – will it be successful? (iiAlpha)

Leon Cooperman: stocks are the place to be. (Hedge Fund Intelligence)

Dow Jones interviews Robert Khuzami. (YouTube)

Billionaire Paul Singer: The U.S. has a debt problem and the Fed is making it worse. (Forbes)

Ex-Sen. Judd Gregg (R-N.H.) said to be top candidate to lead SIFMA. (Bloomberg)

Peak 6 raises $1 billion for new hedge fund. (Crain’s Chicago Business)

Hedge funds add 0.69% in April as most strategies rise. (FINalternatives)

Andurand oil fund up 25% in three months. (FINalternatives)

Hall Commodities returns 6.7% on metals, energy in April dry run. (Bloomberg Businessweek)

What’s news around the hedge fund industry for Tuesday, May 7, 2013:

Around the web

Unlocking alpha in the new normal. (All About Alpha)

Ira Sohn review of hedge fund winners and losers based on favorite investments announced last year. (Clusterstock)

Investable indices are distorting commodities and futures. (Absolute Return)

Three charts into the May 7 close. (ZeroHedge)

Paul Singer signs ‘Giving Pledge’. (eVestment)

MFA and AIMA submit letter to CFTC staff seeking repeal of prohibition on FCMs from using tri-party custodial accounts to hold customer collateral. (MFA Blog)

‘We want to win’: The Berkshire Hathaway annual meeting, 2013 edition. (Jeff Matthews)

Dell: Icahn and activist Southeastern Asset Management reportedly consider picking new directors together. (Forbes)

Investment consulting swimming in corruption, says Harvard ethics scholar. (aiCIO)

Who would you rather trust, bankers or regulators? (Dealbreaker)

Life after Watson for IBM’s David Ferrucci: Bridgewater Associates. (NYT’s Bits blog)

John Thaler makes 3.4% annual return on the Upper East Side. (New York Observer)

ResCap’s Thomas Marano may look to form hedge fund or mortgage REIT. (Dow Jones Newswires, via Fox Business)

Third Point up 10.5% through April. (FINalternatives)

GLG’s Strategic Bond Fund goes onto Skandia platform. (Opalesque)

Seth Klarman’s Baupost Group may return some capital to investors. (iiAlpha)

Hedge fund fraudster Jeffrey Martinovich guilty. (FINalternatives)

Hedge fund beta index adds 0.86% in April. (FINalternatives)

The hunt for Steve Cohen. (Vanity Fair)

Centerbridge Partners’ Jeff Aronson gives back to investors. (Institutional Investor)

Soros vs. Sinn: To ‘Eurobond’ or to save the euro. (ZeroHedge)

Event-driven hedge fund outperform other strategies in March-May 2013. (Preqin)

Swap regulators face congressional pressure to curb Dodd-Frank. (Bloomberg)

MBIA escapes ‘distressed’ label in BofA accord. (Bloomberg)

Hedge fund leverage at 2007 levels. (FINalternatives)

People moves

PineBridge Investments hires JPMorgan exec. Jason Fisher. (eVestment)

Newedge Americas cap intro chief Richard Ryan moves to Jefferies. (Absolute Return)

Citadel vet Ethan Youderian joins Performance Trust Investment Advisors. (FINalternatives)

What’s news around the hedge fund industry for Monday, May 6, 2013:

Around the web

What’s that they say about the rich? World’s wealthiest gain $45 billion as Dow reaches 15,000. (Bloomberg)

‘Berkshire Bear’ Doug Kass doesn’t convince Buffett. (FINalternatives)

Kass: Conversing with the Oracle. (TheStreet.com)

Leon Cooperman criticizes William Ackman over Herbalife. (FINalternatives)

HFRX: Hedge funds up 0.62% in April. (FINalternatives)

MondoAlternative: Alternative UCITS funds register Q1 inflows of €7.3 billion (total monitored AUM €96.1 billion). (Opalesque)

Former Bridgewater exec. Bill Mahoney dies. (eVestment)

Going public: Endowment performance at our great state universities. (All About Alpha)

Twitter hoax shows growth in algorithmic trading. (WSJ’s MoneyBeat blog)

Apollo’s Leon Black: The smart money is ’selling everything that is not nailed down. (ZeroHedge)

Survey: ‘Hash Crash’ didn’t seriously erode market structure confidence. (Fox Business)

Flash crash, three years later: What have we learned? (WSJ’s MoneyBeat blog)

DMS Management seeks to block Cayman Islands transparency reforms. (Caribbean News Now)

Asian credit hedge funds back in favor. (Asian Investor)

Greenwich Global Hedge Fund Index up 0.97% in April (+4.54% YTD). (Opalesque)

A disappointing debut for Mary Jo White at the SEC. (NYT op-ed page)

Better Markets rips SEC for second-guessing CFTC on OTC derivatives. (Corporate Crime Reporter)

House will take up bill to rein in the SEC’s regulatory power. (The Hill)

People moves

Brown University names Joseph Dowling as new CIO. (aiCIO)

What’s news around the hedge fund industry for Thursday, May 2, 2013:

Around the web

Einhorn is gored by gold. (New York Post)

Mesirow Financial recasts investment advisory business as wealth management. (Crain’s Chicago Business)

Elliott Management tells clients money-losing gold is still best value store. (Bloomberg Businessweek)

The ‘price’ of record high markets: $10 trillion in seven years. (ZeroHedge)

Differences between dark and lit trading. (Advanced Trading)

Why a UBS split would not be the best move. (DealBook)

Ayer Capital shuts down. (eVestment)

The real problem with the Twitter HackCrash. (Blog Maverick)

Most hedge funds above high-water marks. (Absolute Return)

The rise of accessible alternatives. (Investment Europe)

Clubby London trading scene fostered LIBOR rate-fixing scandal. (WSJ.com)

Hedge funds lament wealth inequality, slowed growth, short-termism. (Absolute Return)

SEC backs swaps shift. (WSJ.com)

Market takes new swaps rules in stride. (WSJ.com)

Making sense of the European financial transaction tax’s tangled web. (Financial News)

IntercontinentalExchange’s profit falls 8.4%. (MarketWatch)

CBOE says trading fell 6% in April, lagging rivals. (Reuters)

Evans Randall targets hedge funds with Mayfair deal. (Bloomberg)

Ex-Rubicon Fund Management CIOs start Canosa Capital. (Bloomberg Businessweek)

Too-big-to-fail takes another body blow. (Rolling Stone)

People moves

Pine River Capital Management names James Clark CIO. (Absolute Return)

What’s news around the hedge fund industry for Wednesday, May 1, 2013:

Around the web

JANA Partners’ Barry Rosenstein slams Agrium, Canadian corporate governance, at Milken Conference. (Hedge Fund Intelligence)

Biggest arb trade ever ends on 20 May… (ArbMaker)

CFTC demands banks prove Dodd-Frank Act swaps compliance. (Bloomberg)

Funds hit at planned European transactions tax. (Financial Times)

High-speed traders exploit CME loophole. (WSJ.com)

CNBC segment on high-frequency trading, including Eamon Javers’ interview with the CFTC’s Bart Chilton and a debate about milliseconds between Able Alpha Trading’s (and HedgeWorld’s) Irene Aldridge and Dennis Kelleher, CEO of Better Markets:

CME Group working to eliminate high-speed traders’ advantage. (Crain’s Chicago Business)

Hedge funds drive demand for Greek corporate debt. (WSJ.com)

Friedberg Mercantile Group’s Albert Friedberg bets against Canada’s big banks. (Toronto Globe and Mail)

Asian hedge fund rides African roller coaster. (Financial Times)

The stock market is not crazy and the Republicans are toast. (Daily Kos)

New venture aims at $100 billion ‘zombie’ fund market. (Buyouts)