Fiduciaries neglecting duty, hedge funds hit by volatility, Jana Partners sitting pretty, K2 liquidation and more
By Chris ClairWhat’s news around the hedge fund industry for Monday, April 30, 2012:
Around the web
Are fiduciary consultants neglecting their duty on hedge funds? (IPE.com)
ARM extends buyout bid period after four new suitors emerge. (Citywire)
Hedge funds hit by volatility. (WSJ.com)
Bond market is creating a new galaxy for trading. (WSJ.com)
FSA moves to clamp down on trading practices. (Citywire)
Jana Partners sitting pretty with Barnes & Noble bet. (WSJ’s Digits blog)
Goldman Sachs closes down Canadian dark pool Sixma X seven months after open. (Bloomberg Businessweek)
Hedge funds bet against the eurozone. (Financial Times)
Louisiana pension funds face snags in Fletcher Asset Management case. (WSJ.com)
Europe battles toward new rules on bank capital. (WSJ.com)
Exchanges engage in tech overhauls. (The Trade News)
Citco: Any acquisition or tie-up would have to improve service offering. (HFMWeek)
Alternative UCITS AUM up almost 400% in three years. (HFMWeek)
Pan Reliance Capital Advisers becomes second U.S. firm to launch UCITS FoHF. (HFMWeek)
Och-Ziff refutes claim it is to close India office. (HFMWeek)
Asset-raising climate improving for big-name launches, data suggests. (HFMWeek)
K2 to liquidate currency fund and launch replacement macro fund. (HFMWeek)
Mitt Romney holds big-money fundraiser at John Paulson’s townhouse. (The Daily Beast)
New PAAMCO fund hits $100 million. (HedgeFund.net)
San Jose pensions begin hedge fund search for $800 million program. (HFMWeek)
Nimbleness vital for multi-asset managers: Barings report. (IPE.com)
Speculators lower bets on higher Brent price. (Dow Jones Newswires, via the London Stock Exchange)
Barclays shareholders vent anger over bankers’ bonuses. (IPE.com)
