April hedge fund outflows, Gupta jurors hear key evidence, alternative beta better than beta alternative and more
By Chris ClairWhat’s news around the hedge fund industry for Thursday, May 24, 2012:
Around the web
Industry suffers $8 billion in outflows in April, fresh data suggests. (HFMWeek)
Gupta jurors hear wiretaps called key evidence of tips. (WSJ.com)
Prosecutors acknowledge Goldman Sachs salesman gave information to Raj Rajaratnam. (Dow Jones Newswires, via Nasdaq)
Juror dismissed in Gupta trial. (WSJ’s Law Blog)
Peninsula Investimentos to start operations in second half of 2012. (WSJ.com)
Alternative beta better alternative than beta: UofC’s Tobias Moskowitz. (InvestmentNews)
QLT Inc. postpones AGM over last-minute proxy campaign by NB Public Equity Komplementar ApS. (Reuters)
Canadian hedge funds are trailing the market. (Toronto Globe and Mail)
Laying a golden egg: Investors leery of John Paulson’s big gold bet. (New York Post)
JPMorgan’s deficient disclosures. (DealBook)
Citigroup wins Fed auction for Maiden Lane bonds. (DealBook)
At Van Dusen mansion, investment expert smelled fraud. (St. Paul (Minn.) Pioneer-Press)
Wall Street CMBS allure fades as volatility surges. (Bloomberg)
Mutual funds promised haven from speedsters. (WSJ.com)
Overwhelming majority of hedge funds add compliance staff since ‘08. (FINalternatives)
Feud at Highland Capital heats up. (WSJ.com)
Highland Capital to launch European business development arm. (HFMWeek)
HBK Capital Management closes flagship to new investors following strong inflows and performance. (HFMWeek)
Fort Worth Employees’ Retirement Fund closes in on two new HF additions. (HFMWeek)
Cascabel Management fund raises more than $100 million. (HedgeFund.net)
Hedge funds expect to benefit from JOBS Act. (HedgeFund.net)
Millbrook Capital shutting down fund. (Hedge Fund Alert, via HedgeFund.net)
