Is Yale’s Endowment the new Tiger, Chanos’ Fortescue bet, we can all be hedge funds and more
By Chris ClairWhat’s news around the hedge fund industry for Thursday, April 26, 2012:
Around the web
Q and A about ‘Frontline’ series on the financial crisis. (DealBook)
The curious case of the Telus proxy battle. (DealBook)
J. Christopher Flowers leaves U.S. for London berth. (Financial Times)
Deferring to Leviathan: A state takeover of a bust bank in Ireland eviscerates law in New York. (The Economist)
Morgan Keegan ripped by DOL over FoHF kickbacks. (InvestmentNews)
Jim Chanos bets against Fortescue. (Sydney Morning Herald)
Is Yale’s endowment the new Tiger Management? (AI CIO)
Oculus’ Jonathan Wilson: my best investment idea. (Citywire)
OTC derivatives and the law of unintended consequences. (IPE.com)
Hedge fund dreams fuel Man Group deal talk at record low. (Bloomberg)
Former Nomura MD Arthur Roulac launches first hedge fund, Three Court. (HFMWeek)
Switzerland’s SWM launches multi-strat UCITS FoHF. (HFMWeek)
U.S. and Euro investors chase equity hedge while Asian allocators show caution. (HFMWeek)
Kern County (Calif.) Employees’ Retirement Association eyes first hedge fund consultant. (Pensions & Investments, via HedgeFund.net)
Obama campaign returning donations from Shervin Neman. (Associated Press)
Here’s $10 million! Who needs to work? We can all be hedge funds. (Pittsburgh Post-Gazette)
People moves
Long/short equity firm Midwood Capital Management hired Howard B. Rubin as chief operating officer and managing member. Rubin co-founded and was managing partner and chief operating officer at Tara Hill Capital Management. Previously he was also senior managing partner and co-portfolio manager of Boldwater Capital Management. Both firms ran long/short equity portfolios, according to a news release from Midwood Capital.
Morgan Stanley said to hire Asia head of electronic trading, Gabriel Butler, from Bank of America. (Bloomberg)
CQS adds to credit team with appointment of Dhruv Mallick from BlackRock/Barclays Global Investors. (InvestmentEurope)

