Hedge funds (barely) up in March, CDS flaws, more on Greg Smith and Goldman, Japanese teachers in HFs and more
By Chris ClairWhat’s news around the hedge fund industry for Monday, March 19, 2012:
Around the web
BofAML: Hedge funds climb 0.24% in March. (FINalternatives)
Greek deal highlights flaws in default swaps. (WSJ.com)
Greg Smith, Goldman Sachs and the history of loud exits. (DealBook)
Goldman Sachs board must act on Smith op-ed, ex-partner Jacki Zehner writes. (Bloomberg) Jackie Zehner’s post.
How Wall Street deals with conflicts. (DealBook)
Goldman’s ‘Muppet’ lessons. (WSJ.com)
Japan’s teachers’ fund to start investing in REITs, hedge funds. (Bloomberg)
Banking quintet unite for hedging tool. (Financial Times)
FATCA and hedge funds: The tax man cometh, this time with a passport. (FINalternatives)
A top CDS trader quits the CDS market. (Felix Salmon)
Steven Cohen gets MLB’s blessing to own Dodgers. (New York Post)
The meltdown explanation that melts away. (Bethany McLean on Reuters.com)
$6 million fraudster, Liquid Capital Management founder Brian Kim strikes plea deal. (FINalternatives)
BlueCrest Capital Management warns regulation will deepen impact of inflation on pension funds. (IPE.com)
What do customers really think about Goldman Sachs. (Janet Tavakoli on HuffPo)
Executives see worsening work-life balance. (Reuters)
Man execs see pay cuts as profits fall. (FINalternatives) HedgeWorld.
Manas Capital fund to focus on Asia ex-Japan companies. (FINalternatives)
Altima Partners’ Joseph Carvin drops out of N.Y. senate race. (FINalternatives)
SEC hires 130 examiners as hedge fund registration deadline looms. (FINalternatives)
Wall Street keys on landlord business. (WSJ.com)
Market neutral platform added to the Alpha UCITS platform. (HFMWeek)
Spike Lee producing debut film made by Ray Dalio’s son. (Forbes)
Greg Smith’s F-U to Goldman. (Wall Street Oasis)
Hedge funds ride the stock market wave back into favor. (Thomson Reuters Alpha Now)
In Greek crisis, a little-known adviser with outsize influence. (DealBook)
Payout on Greek CDS is set. (DealBook)
Could self-policing by the industry tame high-frequency trading? (Advanced Trading)
The 2012 Gorkana survey of financial journalists. (Gorkana)
What are the alpha characteristics of hedge funds? (AI CIO)
Goldman Sachs cuts staff in annual review process. (Reuters)
People moves
SAIL Advisors hired Jason Filiberti to help the firm expand in the United States. He will report to Gunther Jost, head of sales and marketing. Filiberti most recently worked at Arden Asset Management, and before that at Robeco-Sage.
Kevin Parker stands down as head of Deutsche Bank Asset Management unit. (IPE.com)
Mitch Ackles, founder and chief executive of Hedge Fund PR, was elected president of The Hedge Fund Association. Ron Geffner, head of Sadis & Goldberg’s Financial Services Group, was elected to a second term as vice president.
Former Goldman European head Matther Cyzer joins BTIG. (Reuters)
