The Troika versus Greece, MF Global funds ‘vaporized’, BlueCrest launching listed feeder fund and more
By Chris ClairWhat’s news around the hedge fund industry for Monday, Jan. 30, 2012:
Around the web (early edition)
The Troika vs. Greece. (Felix Salmon)
Man Group signs UN’s Responsible Investment Principles. (FINalternatives)
It’s like magic… Money from MF Global feared ‘vaporized’. (WSJ.com)
… only not. MF Global: This is no bank robbery. (John Lothian)
MF Global told S&P it had ‘never been stronger’ … a week before failure. Key paragraph here: “MF Global, which had been building its European positions since June 2010, first disclosed them in regulatory filings last May, according to a memo by the subcommittee’s staff dated Jan. 27. …[T]he lawyer for Moody’s, said in the letter that ‘nothing stood out’ in those filings for its analysts.” (Bloomberg)
BlueCrest to launch listed feeder for flagship BlueTrend fund. (FINalternatives)
Hedge funds lift commodities bets to two-month high as rally accelerates. (Bloomberg)
CME rejects $15 million in City of Chicago tax increment financing funds. (Crain’s Chicago Business)
E*Trade fills chairman post. (WSJ.com)
Ackman to introduce investors to Harrison next week. (Dow Jones Newswires)
Former UBS trader Kweku Adoboli pleads not guilty to fraud. (DealBook)
Dud hedge funds tinker more with historical reported returns: study. (IPE.com)
Same study: Hedge fund transparency can hurt returns, increase fees. (IPE.com)
Law firm Mount Ozannes opens Hong Kong office. (HFMWeek)
Deutsche Bank faces probe over CDO Paulson shorted. (FINalternatives)
London prime brokerage Global Prime Partners to add cap intro services. (FINalternatives)
Weaning off ‘alternative’ investments. (WSJ.com)
Euro foxes bearish hedge fund managers. (Financial Times)
As Soros says, things could be worse for the U.K. – it could be in the euro. (The Telegraph)
Zenith high-yield bond fund and manager join Serone Capital Management. (HFMWeek)
Deutsche Bank targets problem assets. (Financial Times)
Centro adviser defends U.S. hedge fund buy-up. (The Australian)
Winning over institutional investors with your hedge fund marketing. (FINalternatives)
Understanding investor due diligence. (Hedgetracker)
Simplistic risk models miss tail risk. (Opalesque)
Audio: PerTrac lifts the lid on alternative UCITS investment. (Hedge Funds Review)
The new masters of the media universe. Before the global meltdown, financial news was strictly for geeks and struggled to get on the news. Now, financial correspondents have become celebrities. (The Guardian)
Global pension fund assets it record high in 2011. (Towers Watson, via Business Wire)
Chinese fire wall: Freddie Mac bets against homeowners getting refinancing, while simultaneously ruling which homeowners qualify for refinancing. (Propublica)
Stock repurchases: More money, more problems? (Thomson Reuters Alpha Now)
Gottex sees assets fall by $1 billion during Q4 2011. (HFMWeek)
People moves
The Fed, the world’s most profitable hedge fund, follows record year with mass promotions. (ZeroHedge)
RAB CEO Charles Kirwin-Taylor out. (FINalternatives)

