Cayman hedge fund boards, outsourcing Wall Street, Ackman’s fracking bet, HF commodity bets and more
By Chris ClairWhat’s news around the hedge fund industry for Monday, July 2, 2012
Around the web
In Caymans, it’s simple to fill a hedge fund board. (DealBook)
FSA clampdown on UCIS funds worries wealth firms. (Citywire)
It’s a Goldman world in Battery Park City. (NYT.com)
Financial giants are moving jobs off Wall Street. (NYT.com)
251 minutes with Ken Feinberg. (New York Magazine)
Ackman, like Buffett, buoyed by fracking in Bakken. (Bloomberg)
Tudor said to open first macro hedge fund in a decade. (Bloomberg)
Hedge funds win on bullish commodity bets before biggest rally since ‘09. (Bloomberg)
LIBORious: New bank scandal. Massive. Disgusting. Criminal. (Daily Kos)
LIBORious II: Bank inquiry launched after LIBOR rate-rigging scandal. (BBC)
LIBORious III: HowI manipulated the bank borrowing rate. (The Telegraph)
MF Global U.K. clients, creditors may receive $3.2 billion. (Bloomberg)
American Petroleum Institute pushes CFTC to relax position limits rule further. (Platts)
The ESMA OTC derivatives carve-out. (Finextra)
Liffe terminates clearing relationship with LCH.Clearnet. (Hedgeweek)
Newedge hit by trader exodus. (Financial Times)
Call for tougher rules on U.S. hedge funds. (Financial Times)
Jim Rogers: Financial ‘Armageddon’ will happen despite E.U. deal. (CNBC)
Cube Capital opens hedge fund to outside investors. (Pensions & Investments)
Guernsey helps Chinese funds sector. (InvestmentEurope)
>Fairer weather for convertible drivers. (Fundweb)
Commodity players fail to create proper awareness of futures. (CommodityOnline)
Phil Falcone’s $39 million bedroom community. (New York Post)
Doubts surround plan for euro zone bank regulator. (NYT.com)
Disappearing DJs bid leaves egg on faces. (Sydney Morning Herald)
Pension funds run by specialist managers produce higher returns. (IPE.com)
People moves
HedgeMark International LLC hired Steven A. Lonsdorf as president and chief compliance officer. In that capacity, he will head up HedgeMark Securities LLC, the distribution arm of the firm’s managed accounts platform, according to a news release from the company. Previously he was president and chief executive of Nighthawk Partners. HedgeMark also hired Ben Yaffee as a managing director. He will oversee marketing and capital formation. He also previously worked at Nighthawk Partners. Danielle A. Terrazzino was named a vice president at HedgeMark. She also worked at Nighthawk.
Black Diamond Capital Management hires Jean Fleischhacker as senior managing director for business development. (HedgeCo.net)
