Sussman buys media company, live blogging the MF Global hearing, Danny Yong’s rise to the top and more
By Chris ClairWhat’s news around the hedge fund industry for Wednesday, March 28, 2012:
Around the web
Donald Sussman-owned group acquires 75 percent share of MaineToday Media. (Bangor (Maine) Daily News)
Goldman Sachs weighs leadership change, strikes union deal. (Reuters)
Merrill, Morgan Stanley seen losing grip on rich - Cerulli Associates. (Reuters)
Tory donors Michael Hintze (CQS) and Paul Ruddock (Lansdowne Partners) among top hedge fund managers. (The Telegraph)
ICI opposes MFA request to allow hedge fund marketing and advertising. (ICI) (PDF)
No time for pity as Danny Yong rises to the top of Asia hedge funds. (Bloomberg)
Harsh words as lawmakers kick off MF Global hearing. (DealBook)
JPMorgan lawyer says MF Global gave assurances about transfer. (DealBook)
Should Corzine have pled the Fifth? (Bloomberg TV)
Jobs bill opens door to hedge fund advertising. (Deal Journal)
Awfully tricky to use 13F filings to trade like a hedge fund titan. (Barron’s Focus on Funds blog)
Live blogging the hearing on MF Global’s collapse. (Deal Journal)
Prepare for a new era of oil shocks: Martin Wolf. (Financial Times, via CNBC)
Warning flags were raised in MF Global transfers. (DealBook)
Canadian Pacific CEO Fred Green defends railway’s record, assails Hunter Harrison. (Winnipeg Free Press)
FTC seeks laws to reveal what data brokers hold. (Bloomberg Businessweek)
Fed study finds dealers quickly hedge swap trades. (Financial Times)
Georgia House OKs state pension plan investing in alternatives. (Pensions & Investments)
MF Global won praise for risk handling. (Financial Times)
Empiric Asset Management extends energy MLP fund to outsiders. (HFMWeek)
Tradex Global Advisors to roll out domestic version of Liquid 50 fund. (HFMWeek)
Gottex pursues managers in U.S. mortgage market. (HFMWeek)
Boothbay Fund Management will unveil hybrid maiden offering in April. (HFMWeek)
Everett Capital Management targets HNWIs with maiden fund. (HFMWeek)
Senate’s Jobs Act green light rankles Lawndale Capital Management. (HFMWeek)
Former Eton Park manager Thierry Lucas sets May date for launch of Portland Hill Capital. (HFMWeek)
Notz Stucki to launched global distressed fund of funds. (HFMWeek)
RFA goes mobile with new security offering for hedge funds. (Waters Technology)
How LADWP CIO Jeremy Wolfson built an alternatives portfolio from scratch. (AI CIO)
Troubled markets cast doubt on re-risk timing. (AI CIO)
Hedge funds show banks how to recoup loans to Gulf. (Reuters Breakingviews)

