What’s news around the hedge fund industry for Wednesday, Feb. 1, 2012:

Around the web

MF-ed up: After a delay, MF Global’s missing money is traced. (DealBook) Here’s where my blood starts boiling: “The clashes stem from the conflicting interests of those involved. James W. Giddens, the trustee overseeing the liquidation of the brokerage unit, is charged with returning money to wronged customers. That mission is at odds with the interests of Louis J. Freeh, the trustee overseeing the liquidation of the firm, who is seeking to recover money for MF Global’s creditors. … Mr. Freeh’s lawyers have declined to share a number of internal MF Global e-mails with Mr. Giddens and federal investigators, including the Commodity Futures Trading Commission, which has asked for access to the documents.” Wouldn’t a criminal investigation break through this log jam?

Hedge fund managers and the Super PACs. (The New York Times)

Judge rejects MF Global customer’s priority bid. (WSJ.com)

‘Little child’ CFTC ignores futures oversight role, O’Malia says. (Bloomberg Businessweek)

Falcone brawls with Grassley over LightSquared. (DealBook)

2011 a bruising year for commodities hedge funds. (Financial Times)

Our counterfeit economy. (Charles Hugh Smith on ZeroHedge)

Market abuse: Is this a new era of FSA enforcement? (Investment Week)

Soros sits out Obama Super PAC money race. (Bloomberg)

Basis Capital on the trail of Timberwolf CDO. (The Australian)

Whither the single-family office? New rules redefine family offices. (CFA Institute)

Steven Cohen said to plan donating gains from Siris Capital Group spinout as investors flag risk. (Bloomberg)

Arthur Gerald Jones, the missing Chicago trader who resurfaced 31 years later in Las Vegas, gets probation for fraud. (Reuters)

Former Credit Suisse traders David Higgs and Salmaan Siddiqui plead guilty in CDO bonus-boosting conspiracy. (Bloomberg)

How the Fed presidents’ assets stack up. (NYT’s Economix blog)

Hedge funds see dip in allocations from sovereign wealth funds. (HFMWeek)

Former Appaloosa pro Jeff Lignelli launches Incline Global Master long/short equity-credit opportunity fund with Tepper backing. (HFMWeek)

U.S. weighs 30% ‘Buffett Rule’ tax on millionaires. (Reuters)

Harvest Capital Strategies opens new long/short fund. (HFMWeek)

Canadian banks to meet with U.S. regulators over Volcker rule. (Toronto Globe & Mail)

Capital Markets Outlook 2012 – cloud computing. (Wall Street & Technology)

High-frequency trading is hitting the BRICs. (Advanced Trading)

Macquarie Group is said to compete for Deutsche Bank asset management unit. (Bloomberg)

Ex-FrontPoint manager “Chip” Skowron calls Morgan Stanley no victim of his crimes. (Bloomberg)

GlobeOp takeover by TPG not yet a done deal; share price rises sharply. (HFMWeek)

SS&C wins PD Capital mandate. (HFMWeek)

Equinox Fund Management selects BNP Paribas for fund administration in the United States. (MarketWire)

Hedge funds warned on FATCA complacency amid U.S.-E.U. negotiations. (COOConnect)

Legg Mason Global Asset Management launches new fund of hedge funds. (HedgeFund.net)

People moves

Akin Gump swoops for Simmons & Simmons’ Tim Pearce and Ian Meade. (HFMWeek)

Jones Trading taps Seth Michaels as new head of advisor services. (FINalternatives)

Palo Verde Capital hires RBS alumnus Patrick Bartle. (FINalternatives)

Dwight Asset Management high-yield team of Ed Meigs and Sean Slein jumps ship for First Eagle Investment Management. (FINalternatives)

Unigestion appoints Nicolas Rousselet new hedge fund chief. (HFMWeek)

This entry was posted on Wednesday, February 1st, 2012 at 6:35 pm and is filed under Daily News, Economics, News Roundup. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.