Man getting crushed, big funds still dominate, the advantage of smaller funds, Dan Loeb’s Portugal connection and more
By Chris ClairWhat’s news around the hedge fund industry for Friday, May 4, 2012:
Around the web
Stephen Diggle targets $150 million for Vulpes Investment Management farmland fund. (Bloomberg)
Man Group is getting crushed. (Forbes)
Big hedge funds still dominate. (Fierce Finance)
Madoff feeder kingpin Ezra Merkin ordered to pay investor nearly $2 million. (FINalternatives)
Global hedge fund assets up. (Hedge Fund Intelligence, via BCA Research)
Nature bites back in new, messy world of derivatives. (Nick Dunbar, h/t to Felix Salmon)
Dan Loeb and the Portugal connection. (ZeroHedge)
New ripples for Gupta case: Goldman share price, volume began climbing even before Rajaratnam trades. (WSJ.com)
Rajat Gupta’s lawyers may try the ‘everybody was doing it’ defense. (DealBreaker)
Was managed futures tackled by turbulence? When is volatility a friend or foe? (All About Alpha)
How passage of the JOBS Act impacts Regulation D. (MFA Blog)
FINRA gives a ‘parking’ ticket. (Advisor.ca)
A return to lower levels of investment activity. (The Cleveland Fed)
MFA submits comments to IRS in response to proposed rules implementing FATCA. (MFA Blog)
A band of contrarians, bullish on Greece. (The New York Times)
Ackman’s Pershing Square funds gain 1% in April. (Dow Jones Newswires, via Fox Business)
T. Boone Pickens: ‘The biggest deterrent to an energy plan in America is Koch Industries. (Yahoo Finance, via ThinkProgress)
Peter Rigg: HSBC’s $30 billion fund of hedge funds unit ‘could become world’s largest’. (HFMWeek)
Smaller funds to have an advantage, says Fauchier Partners’ Christopher Fawcett. (HFMWeek)
Stride Capital Group eyes more investments after first seed deal. (HFMWeek)
Dan Liljenquist’s finance chairman, Russell Cannon, resigns amid SEC charges over impropriety at RKC Matador Funds. (Salt Lake Tribune)
Court upholds $62 million order against Lancer Group’s Michael Lauer. (HedgeFund.net)
April’s jobs: Americans aren’t working. (Felix Salmon)
Centaurus’ John Arnold to retire at 38 with $3.5 billion in the bank. (Huffington Post)
Former Millgate Capital partner Ben Truck readies own fund, Truck Capital Management. (AR)
People moves
Mikhail Sukhobok rejoins Otkritie Capital. (FINalternatives)
Carne Group hires Bear Stearns vet Fred Schilling. (FINalternatives)
