Alts don’t pay off for pensions, HF fury at Brussels directive, David Cameron’s dinners and more
By Chris ClairWhat’s news around the hedge fund industry for Monday, April 2, 2012:
Around the web
Pensions find riskier funds fail to pay off. (The New York Times)
Hedge fund fury at Brussels directive. (The Telegraph)
British PM David Cameron admits to private dinners with Tory donors. (The Guardian)
Another (very different) Goldman Sachs resignation letter. (Wall Street Oasis)
Clients raise questions about MF Global checks. (DealBook)
Shanghai planning trial yuan fund program. (WSJ.com)
Distressed debt investors smell blood in the Gulf. (GulfBase)
Financiers and sex trafficking. (Nicholas Kristof in the NYT)
Less visible Occupy movement looks for staying power. (The New York Times)
Ray Dalio pledges to match all Greenwich Town Party donations. (Greenwich (Conn.) Time)
Westport’s Ray Dalio rakes in $3.9 billion in 2011. (Hartford Courant)
Alan and Gina Miller – the husband and wife team shaking up the investment industry. (The Telegraph)
Elliott Advisers LP drops lawsuit against Vietnam’s Vinashin. (Deal Journal)
TCI moves to sue Coal India. (Times of India)
Loeb forms new web site to battle Yahoo. (HedgeFund.net)
Passport Capital’s John Burbank sees U.S. recession as China slows. (Bloomberg)
AR Magazine’s ‘Rich List’ – the top 25 highest earning hedge fund managers. (AR)
Pay for top-earning U.S. hedge fund managers falls 35%, AR says. (Bloomberg)
One derivatives trade that’s now off – betting on the 2012 election. (DealBook)
FX Concepts’ John Taylor exits bets on commodity currencies. (Bloomberg)
GLG unveils ‘neutral’ financials fund. (FundWeb)
Don’t Want Nobody Nobody Sent Dept.: New York tops London as city with most global clout. (Bloomberg Businessweek)
Top mid-sized hedge funds’ bulk up, oversee $55.3 billion. (Hedgetracker)
Wells Fargo’s Abbot Downing targets ultrawealthy. (MarketWatch)
Local group to buy Philadelphia Inquirer, Daily News. (Philadelphia Business Journal)
Starboard Value to AOL: Stop your stalling. (New York Post)
Quantitative prop trader: ‘I wouldn’t try to raise the price of rice and starve China’. (The Guardian)
Calypso turnover rises to $220 million. (Financial Times)
U.S. swaps push-out rule to kick in July 2013. (Reuters)
German bid to save transactions tax gets cool response. (Reuters)
BATS pushes derivatives, new markets as it reviews IPO. (Bloomberg)
Gensler says CFTC may seek automated trading comments by July. (Bloomberg)
Innovation and risk in today’s financial markets – an interview with Leo Melamed. (LeoMelamed.com)
People moves
Angela Knight, head of British Bankers’ Association, to step down. (DealBook)
Deutsche Bank hires Citigroup equity derivatives executive Jonathan Simon. (Bloomberg Businessweek)
