Wang admits insider trading, Kapur arrested on fraud charges, Traxis to continue, Krishnan starting new fund and more
By Chris ClairWhat’s news around the hedge fund industry for Tuesday, July 17, 2012:
Around the web
Sovereigns explore manager acquisitions, including hedge funds. (The Hedge Fund Journal)
Hedge fund consultant Wesley Wang admits insider trading role. (WSJ.com)
Contrasting fortunes for hedge fund strategies in June: Edhec. (Mondovisione)
ThinkStrategy manager Chetan Kapur arrested on fraud charges. (WSJ.com)
Traxis Partners liquidating $300 million fund managed solely by Barton Biggs. (Dow Jones Newswires, via WSJ.com)
Traxis hedge fund ‘fully functional’ after Biggs’ death. (Bloomberg Businessweek)
LIBORious I: HSBC says compliance head David Bagley will step down as bank vows to fix scandal. (DealBook)
Seven banks under U.K. LIBOR investigation as FSA criticized. (Bloomberg)
JPMorgan’s fiasco presents new avenues for investigation. (DealBook)
Analysts: Ackman sees 20 to 30 percent P&G return. (Cincinnati Enquirer)
Canada: One securities regulator against the storm. (Toronto Globe and Mail)
Outgunned: Why the SEC can’t effectively police Wall Street. (Wall Street & Technology)
Hedge fund managers give to Cuomo. (NYT.com)
Goldman Sachs builds private bank. (WSJ.com)
Ex-Lone Pine manager Eashwar Krishnan is said to start $500 million hedge fund. (Bloomberg Businessweek)
High-frequency trading is not the devil behind every market mishap. (City A.M.)
Wall Street banks step up oil trade role. (Financial Times)
Man Group completes FRM acquisition. (ShareCast)
Shanghai Hedge Fund Association is officially launched. (Opalesque)
People moves
Commonfund brings on Irakli Odisharia as new risk management head. (HedgeFund.net)
