Blackjack breakfast, CME stock split, three stocks from Goldman’s HF short list and more
By Chris ClairHave a great Memorial Day holiday, and while you’re barbecuing and having fun, pause to remember what it’s about.
What’s news around the hedge fund industry for Friday, May 25, 2012:
Around the web
Michael Geismar’s $710,000 blackjack breakfast. (AR)
CME declares stock split to attract new investors. (Reuters)
Some Facebook underwriters helped short sellers. (WSJ.com)
The dark nooks in JPMorgan’s fortress balance sheet. (DealBook)
Billionaires energized by Houston. (Houston Business Journal)
Three stocks from Goldman’s hedge fund short list, will they pop or flop? (Benzinga)
Morningstar MSCI Composite asset-weighted hedge fund index up 0.2% in April; HFs leak $655 million in March. (Opalesque)
Pershing Square’s William Ackman buys more Alexander & Baldwin stock. (Pacific Business News)
Hedge funds got most South Carolina Retirement Systems fees while lagging on returns. (Bloomberg)
Clive Capital rebounds on energy price bet. (Bloomberg)
Security services: Rising demand for collateral spells a moneymaking opportunity. (The Economist)
Presenting how Carl Icahn accumulated a 7.5% stake in Chesapeake Energy in 18 days, and his letter to the CHK board. (ZeroHedge)
UCITS hedge strategies: April 2012. (UCITS Hedge)
Hedge fund movie makes Cannes debut. (HedgeFund.net)
People moves
Copeland Capital Management hires Erik Granade to lead fund launch. (HedgeFund.net)
Southport Harbor Associates names Steven Simmons global sales head. (FINalternatives)
