More LIBOR, quants have a bad June, unhappy Fletcher AM investors, Falcone’s defense and more
By Chris ClairWhat’s news around the hedge fund industry for Friday, July 6, 2012:
Around the web
LIBORious I: Organized LIBOR: Bankers rip off the world. (Daily Kos)
LIBORious II: Former Barclays CEO drops a bombshell when he reports he was encouraged by government to official to fix LIBOR rate. (Crooks and Liars)
LIBORious III: Banksters: How the rate-fixing scandal might spread – and what to do about it. (The Economist)
LIBORious IV: Barclays’ U.S. deal re-writes LIBOR process. (Financial Times)
Quants post worst month since October as Winton falls 3.2%. (Bloomberg Businessweek)
JPMorgan merges services for derivatives and securities. (Dow Jones Newswires, via Nasdaq)
For Fletcher investors, unhappy returns and, so far, no refunds. (WSJ.com)
With tax breaks set to expire, wealthy families are turning to partnerships. (NYT.com)
Long-shorts reduce equity risk for SMSFs and retail investors. (The Australian)
Falcone’s defense: blame the advisers. (Deal Journal)
JAT Capital, down 20%, is a lesson in volatility. (DealBook) Right. Because we don’t learn that lesson every single year.
Japan presses brokerages in insider-trade probe. (WSJ.com)
Banning naked short selling won’t solve the euro zone crisis. (Seth Freedman in The Guardian) Which, contrary to Freedman’s point, doesn’t mean it shouldn’t be banned.
Consolidation in European funds of funds needed but difficult, Fitch says. (Hedgeweek)
Commercial mortgages show how bad it got. (Floyd Norris in the NYT)
E.U. delays market legislation vote. (Financial Times)
U.S. options volume heads for first fall in a decade. (IFR)
Colorado Fire and Police Pension Association invests in AKO Capital, Brigade Capital Management. (Pensions & Investments, via HedgeFund.net)
NBA draft pick Tyler Zeller pays homage to Morgan Creek Capital Management internship. (HedgeFund.net)
