Hedge funds’ best quarter since ‘06, a hedge fund scorecard, the ‘London Whale’, ‘fat cats’ and more
By Chris ClairWhat’s news around the hedge fund industry for Monday, April 9, 2012:
Around the web
Hennessee Hedge Fund Index up 0.59% in March (4.59% YTD); hedge funds experience best first quarter since 2006. (Opalesque)
Hedge fund gains are other funds’ losses. (Financial Times)
Criticism over U.S.’s World Bank pick, Jim Yong Kim, swells. (WSJ.com)
‘London Whale’ drives market, say investors. (China Daily)
JPMorgan trader Bruno Iksil fuels prop-trading debate with bets. (Bloomberg)
Robert Wolf: A ‘fat cat’ with the President’s ear. (WSJ.com)
MF Global creditors say brokerage trustee isn’t helping. (Bloomberg)
Clearinghouse default process needs clarity, swaps users say. (Bloomberg Businessweek)
Global standards are still a far-off goal. (Financial Times)
Should investors be allowed to be on the 2012 election? (Business Insider)
CBOE moving flagship exchange platform to New Jersey. (Traders Magazine)
Tense times at Chicago’s financial exchanges. (Chicago Sun-Times)
Q&A with Don Wilson, founder of DRW Trading Group. (OpenMarkets)
Look who’s back: The return of former Morgan Stanley CEO John Mack. (New York Magazine)
In Europe, unease over bank debt. (The New York Times)
What the Volcker rule could mean for JPMorgan’s big trades. (DealBook)
Banks test ‘CDOs’ for trade finance. (Financial Times)
Regulation impedes hedge funds in South Korea. (Financial Times)
Facebook investor Tiger Global takes stake in Nollywood film distributor. (The Telegraph)
Chinese rogue trader sentenced to death in £10 million fund scam. (The Daily Mail) First he has to serve two years in jail, though. Imagine what they would have done to him if he’d threatened government officials.
Dark pools aren’t run for market benefit. (Points and Figures)
Hedge funds cut commodity bets on Fed’s stimulus signals. (Bloomberg)
Time to cast more light on shadows of finance. (WSJ.com)
Highland Capital Management sues Citigroup to stay on as CLO manager. (Bloomberg)
Credit Agricole, Magnetar Capital sued over CDO by Intesa over ‘Pyxis’ CDO. (Bloomberg)
Oprah’s New York penthouse sold to Brevan Howard partner Mark Hillery. (HedgeFund.net)
People moves
HedgeMark International named to its board of directors Curtis Arledge, vice chairman of BNY Mellon and chief executive of BNY Mellon Investment Management, and Vince Sands, deputy CEO of BNY Mellon Asset Servicing.
