Hedge funds as guardian angels, HFs flat in April, hedge funds’ wrong bets before commodity slump and more
By Chris ClairWhat’s news around the hedge fund industry for Monday, May 7, 2012:
Around the web
Hedge funds more like guardian angels than vultures: UBC research. (University of British Columbia)
Corzine capitalizing on his Washington ties? (Fox Business video)
Sovereign wealth funds return. (TheDeal.com)
IndexIQ: Hedge funds flat in April. (FINalternatives)
Majority of CVR shareholders accept Icahn offer. (DealBook)
Hedge funds bet wrong before biggest slump in 2012 commodities. (Bloomberg)
MFA responds to HM Treasury’s discussion paper on AIFMD. (MFA Blog)
The Mooch is his own Aflac duck: How Anthony Scaramucci attracts clients. (New York Magazine)
Why Obama can’t win on Wall Street. (The New Republic, via WWNO)
Warren Buffett is catching up in the bet with hedge funds. (Nasdaq)
Global hedge fund assets still over $2 trillion, up slightly in the past year. (HedgeCo.net)
‘Europe at a Crossroads’ panel at the 2012 Milken Global Conference. (Milken Institute)
U.S. equities ignoring U.S. sovereign risk warning. (ZeroHedge)
Gloomy outlook for new wave of rainmakers. (Financial Times)
Paulson hedge fund said to extend slump with April loss. (Bloomberg Businessweek)
U.S. appeals court revives ISE patent case against CBOE. (Dow Jones Newswires, via Morningstar)
Barton Biggs says Europe election results no reason to add to short bets. (Bloomberg)
Flash crash anniversary sees more oversight. (Advanced Trading)
Two years after the flash crash, are markets any safer? (Forbes)
AQR: With diversification, styles trump assets. (AICIO)
D.E. Shaw to start fund for Europe bank loans. (Bloomberg)
Customer divide at MF Global. (WSJ.com)
Wells Fargo’s play for prime brokerage prompts skepticism. (DealBook)
Starboard Value calls off proxy contest at Progress Software. (WSJ.com)
John Mauldin: Once debt is cleared, bull market will roar. (GlobeAdvisor)
Stock trading is still falling after ‘08 crisis. (New York Times)
Investment banks increase hiring. (Financial Times)
The banker’s lament. (New York Magazine)
Bill Ackman’s Borders problem. (New York Post)
Platforms pave retail path for hedge funds. (Financial Times)
Confusion still reigns on Volcker rule date. (WSJ.com)
Rajaratnam to be deposed in tax case. (FINalternatives)
Three Denver men sued in Pennsylvania Ponzi scheme case. (FINalternatives)
Sears Chief Eddie Lampert focuses on minutiae, showing little interest in crucial needs of stores. (New York Post)
People moves
Man Group replaces AHL’s head of risk. (Financial Times)
FINRA shuffles staff. (DealBook)
