A public exit from Goldman, CP proxy battle heats up, how JPMorgan scooped the Fed and more
By Chris ClairWhat’s news around the hedge fund industry for Wednesday, March 14, 2012:
Around the web
A public exit from Goldman Sachs hits a wounded Wall Street. (The New York Times)
Gary Smith’s farewell from Goldman Sachs. (The New York Times)
Hedge fund view of scathing Smith letter. (HedgeFund.net)
Canadian Pacific proxy battle with Pershing Square heats up. (Toronto Globe and Mail)
Fortress Investment Group in Gers rescue bid. (The Scottish Sun)
Daniel Och sued by ex-employee Arnaud Achache over 2009 termination. (Bloomberg Businessweek)
Swaps users face serious collateral challenge, executives say. (Bloomberg)
Former CFTC chief Michael Dunn sees lack of swaps preparedness. (MarketWatch)
Rising costs, risks threaten futures brokers, Newedge’s DeWaal says. (Bloomberg)
Hong Kong exchanges’ CEO Charles Li: slow build for high-frequency trading. (Fox Business)
E.U. finance ministers seek more study of financial transaction tax. (Bloomberg Businessweek)
Commonfund survey finds investor expectations remain strong. (HedgeFund.net)
Falcone’s LightSquared hires legal team to fight regulators. (Bloomberg)
Hedge funds to pay more for litigation insurance. (Financial Times)
How JPMorgan Chase scooped the Fed. (WSJ.com)
People moves
Jeffrey Vinik’s hedge fund recruits David Iben, a top-ranked manager from Nuveen. (Bloomberg Businessweek)
Capula Investment Management’s systematic trading head, Qiang Dai, is said to leave fund. (Bloomberg)
