What’s news around the hedge fund industry for Thursday, July 5, 2012:

Around the web

LIBORious I: LIBOR Outrage. (Daily Kos)

LIBORious II: Diamond defends Barclays’ response to interest rate scandal. (DealBook)

LIBORious III: LIBOR’s moment in the limelight. (DealBook)

LIBORious IV: The gentlemen’s club that sets LIBOR is called into question. (NYT.com)

Volkswagen to buy rest of Porsche AG. (WSJ.com)

Fletcher Asset Management files for bankruptcy. (WSJ.com)

Fletcher fund creditors include well-known law firms, others. (Deal Journal)

Tudor launch highlights macro opportunities. (The Hedge Fund Journal)

Henderson to launch logistics Spezialfond for institutional investors. (IPE.com)

Einhorn finishes third in poker tournament with $4.35 million. (DealBook)

European Council adopts rules on derivatives. (RTT News)

French trading tax lacks details, say banks. (Financial Times)

SEC approves NYSE retail plan for sub-penny prices. (Reuters)

The NYSE gets its very own dark pool. (WSJ’s MarketBeat blog)

Was this the first hedge fund trade? (Benzinga)

The oracle of Boston: Seth Klarman has a low profile and a big following. (The Economist)

Masterclass: Two books analyze what makes hedge fund managers great – and reach very different conclusions. (The Economist)

Weil Gotschal’s Lehman fees: $430 million-plus. (WSJ.com)

Falcone sets up defense. (WSJ.com)

Man Investments stymied by new ASIC stop order. (Brisbane Times)

John Paulson dumping stake in Delphi Automotive as investors redeem money from his funds. (New York Post)

The strange takeover limbo of CVR. (DealBook)

Jon Corzine: A Pariah in the Hamptons. (New York Post)

Lie more, as a business strategy. (NYT’s Economix blog)

Lawmakers got loan deals from Countrywide. (Associated Press, via MSNBC)

People moves

HSBC hired Paul Busby as head of prime services sales for the Americas. Previously he worked at Deutsche Bank, where he was managing director and co-head of equity finance for the Americas.

The bank also hired Brian Hughes as client services manager for the U.S. market.

Man hires U.K. pension CIO Judy Saunders as interest in hedge funds grows. (InvestmentEurope)

This entry was posted on Thursday, July 5th, 2012 at 6:05 pm and is filed under News Roundup. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.