Can 46 rich dudes buy an election?, higher trading costs for HFs, ‘you can’t bully a hedge fund’ and more
By Chris ClairWhat’s news around the hedge fund industry for Monday, March 26, 2012:
Around the web
Can 46 rich dudes buy an election? (CNN Money) Related: Bank lobby’s onslaught shifts debate on Volcker rule. (Bloomberg)
Smaller funds turn to mini-primes. (Financial Times)
Hedge funds face higher trading costs. (Financial Times)
Copper River Partners’ anger at Goldman Sachs still simmers. (The New York Times) Felix Salmon’s take.
E-mail to Corzine said transfer was not customer money. (DealBook) Related: The Corzine e-mail: Hype at The Wall Street Journal. (Joe Nocera in the NYT)
Buildling a criminal case in the MF Global affair. (DealBook)
Greg Smith said to be seeking book deal. (The New York Times)
The age of the shadow bank run. (The New York Times)
Paul Singer: Mitt Romney’s hedge fund kingmaker. (Fortune)
Hedge funds capitulating; buy most stsocks since 2010. (Bloomberg)
Leverage in annual fall, BoAML research suggests (HFMWeek)
Women in alternatives eye corporate board roles, new study suggests. (HFMWeek)
Hedge funds could prey on Aussie-listed investment companies. (Deal Journal Australia)
Ex-Goldman Sachs traders’ hedge fund, Occitan Capital Partners, brings in $407 million. (HedgeFund.net)
Hedge funds make wrong-way bets on commodities for a fourth week. (Bloomberg)
Banks set to cut $1 trillion from balance sheets. (CNBC)
Jon Corzine – taking care of his friends with insider connections. (Miller’s Genuine Draft)
IRS waives fines for farmers missing MF Global tax info. (Reuters)
MF Global CFO Henri Steenkamp cites ‘limited knowledge’ of fund transfers. (WSJ.com)
SS&C makes formal bid for GlobeOp. (FINalternatives)
Morningstar reports hedge fund performance for February, asset flows for January. (Opalesque)
Steven A. Cohen among Dodgers’ final three. (FINalternatives)
MassPRIM to cut funds of funds in favor of direct bets. (P&I, via FINalternatives)
Whoops. Mail on Sunday to pay damages to Société Générale. (WSJ.com)
GlobeOp reveals results of PF test filings. (FINalternatives)
Ex-hedge fund boss Mark Driver to create one of Europe’s top vineyards. (This is London)
Joe Carvin launches congressional campaign from Rye, N.Y., town hall. (Rye Patch)
Distressed debt market worth up to €2.5 trillion. (FINalternatives)
High-frequency trading having greater effect on commodities: study. (Toronto Globe and Mail)
Equity derivatives senior salesman: ‘You can’t bully a hedge fund’. (The Guardian)
SAC Capital starts Hyatt Hotels position, boosts Amarin stake. (Market Folly)
Aberdeen Asset Management reports rise in AUM. (MarketWatch)
BATS trading error bolsters case for curbs. (DealBook)
BATS leaders disagree on new IPO for exchange. (Reuters)
BATS faced revolt over IPO. (WSJ.com)
Irish funds industry welcomes new corporate structure for funds. (HFMWeek)
People moves
M&G Investments vet Anthony Gaughan joins hedge fund RG Investment Capital. (FINalternatives)
