TCI vs. Coal India, hedge fund assets to surpass $5 trillion, new hedge funds, Goldman’s inner workings and more
By Chris ClairWhat’s news around the hedge fund industry for Wednesday, June 13, 2012:
Around the web
TCI ultimatum to Coal India. (Business Standard)
Massachusetts finance sector lost jobs in 2011, study finds. (Boston Business Journal)
Steve Ballmer, Nordstrom part of Seattle arena investor group led by Christopher Hansen. (Seattle Times)
Understanding JPMorgan’s risk models. (DealBook)
Credit Suisse and Goldman pair readies first fund. (HFMWeek)
Equity long/short evolving towards new alpha sources, BlackRock suggests. (HFMWeek)
In Albany, obscure bill rattles Wall Street and Argentina. (WSJ’s Metropolis blog)
Finland’s Estlander & Partners opens first U.S. office. (HFMWeek)
Citi: Investors will keep flocking to hedge funds. (MarketWatch)
At Gupta trial, a glimpse of Goldman’s inner workings. (DealBook)
The return of Goldman’s Mark Schwartz. (DealBook)
LIBOR traders said to avoid charges in British probe. (Bloomberg)
Chinese government allegedly harassing U.S. hedge fund researchers. (HedgeFund.net)
Banking vets plan launch of Odin Capital Management. (HedgeFund.net)
Harvest Northstone JV attracts managed account interest as launch confirmed. (HFMWeek)
People moves
Advent Capital Management hired Osbert Hood as chief operating officer, replacing Ed Johnson, who is leaving the company. Mr. Hood previously was chairman and chief executive at MacKay Shields.
WilmerHale expands N.Y. practice with new alternatives head – Drew Chapman. (HFMWeek)
Breeden Capital Management activist fund says research director Joshua Fenton resigned. (Bloomberg)
