The billion-dollar club, underperforming the S&P, long and short of hedge funds, stressing over stress tests and more
By Chris ClairWhat’s news around the hedge fund industry for Monday, March 5, 2012:
Around the web
The billion-dollar club. (AR magazine)
Universa Investments’ Mark Spitznagel hosts Ron Paul fundraiser in L.A.. (TheWrap.com, via Reuters)
VBV restructures hedge fund portfolio to avoid ‘virtually dead’ funds of funds. (IPE.com)
BofAML: Hedge funds trail S&P 500 in February. (FINalternatives)
Hedge Funds Care raises $2.2 million to fight child abuse. (FINalternatives)
AIMA holds Keynote Conference in Hong Kong. (FINalternatives)
Sacramento County Employees Retirement System, University of California endowment eye bigger hedge fund portfolios. (HFMWeek, via FINalternatives)
Thompson Global Partners fund to roll out end of Q1. (HFMWeek)
Hedge fund managers see opportunity in U.S., Canadian REITs. (FINalternatives)
Lehman Brothers to boost the market? (CNNMoney)
Lloyd Blankfein was prepped for Gupta testimony by feds. (Deal Journal)
Rents in London’s West End to soar amid lack of office space. (London Evening Standard)
Kardinia Capital: Long and short of hedge funds. (The Australian)
Soros points finger of blame for euro’s ‘existential crisis’. (Chicago Tribune)
Sitaras Fitness, where business titans work out. (The New York Times)
Lenders stress over test results. (WSJ.com)
The billionaire Ray-man who plays by his own rules. (Financial Times)
Unravelling hedge fund fees. (Financial Times)
Group-think continues to lead to losses. (Financial Times)
Todd Meister says sexy ex-assistant Renata Shamrakova is not in his league. (New York Daily News)
Managers face upheaval in OTC derivatives. (Financial Times)
Hedge funds: A $2 trillion industry? (Peter Laurelli on Forbes.com)
Jubilation subsides, but alternative UCITS here to stay. (Hedge Fund Intelligence)
The Volcker rule and ‘flipping the presumption’. (Economics of Contempt)
Fed shrugged off warnings, let banks pay shareholders billions. (ProPublica, via the Beachwood Reporter)
David Plotkin kicks off idea to raise funds for pediatric cancer research. (Bergen.com)
Billion-dollar hedge funds’ assets grow in 2011, albeit tepid. (WSJ.com)
The 1% collects 93% of the ‘recovery’. (Daily Kos)
Morgan Stanley executive charged in cab hate crime attack. (Bloomberg)
Lawmakers urge regulatory crackdown on oil speculators. (Reuters)
People moves
Amida Capital Management taps former AM Investment Management pros Sudeep Duttaroy, Raymond Lam. (HFMWeek)
PineBridge Investments CEO Win Neuger steps down. (FINalternatives)
March 6th, 2012 at 12:06 pm
[...] The Billion-Dollar Club, Underperforming The S&P, Long And Short Of Hedge Funds, Stressing Over Stress Tests And More (Reuters Hedge World) [...]