Financial meltdown e-mail trail, JAT narrows losses, AIMA blasts ‘Mirage’ book, macro funds struggle and more
By Chris ClairWhat’s news around the hedge fund industry for Monday, Aug. 6, 2012:
Around the web
E-mails give glimpse into deals that fueled financial meltdown. (ProPublica)
JAT Capital narrows losses as fund ditches consumer investments. (WSJ.com)
Kingdon Capital’s equity fund again lags behind benchmark. (WSJ.com)
Top finance gurus make annual pilgrimage to Grand Lake Stream, joined by Gov. Paul LePage. (Bangor (Maine) Daily News)
AIMA blasts ‘Hedge Fund Mirage’ book for ‘factual errors’. (IPE.com)
Hedge funds: Less is more. (Rob Cox via the Toronto Globe and Mail)
Commodities doldrums set to pinch earnings. (Toronto Globe and Mail)
Macro funds struggle as officials’ policy shifts whipsaw markets. (WSJ.com)
Knight Capital trading program ran amok, with no ‘off’ switch. (DealBook)
As LIBOR fault-finding grows, it is now every bank for itself. (DealBook)
Optimism in Greece after talks with lenders. (NYT.com)
Bond traders in Europe deal in high expectations, and fear. (NYT.com)
Wall Street banks prepare for euro break-up. (Financial Times)
Swiss banks face slow death as tax man chases undeclared assets. (Bloomberg)
Trading venues ready for CDS turf war. (IFR Asia)
Arbitrage specialist David Simon talks strategy, starting firm. (HedgeFund.net)
Hedge fund chief Leighton Welch’s son freed in death at Yellowstone Club. (Bloomberg Businessweek)
Six out of seven IndexIQ hedge fund indices positive in July. (Hedgeweek)
Hedge funds are buying Spanish real estate after slump, FTC says. (Bloomberg)
FTC asking questions about Third Point’s Yahoo stake. (All Things D)
Top New York City hedge funds down 25% since 2007. (Hedgetracker)
Hedge fund marketing implications from new survey findings on investment beliefs. (FINalternatives)
Zaoui brothers establish new firm: Zaoui Capital. (DealBook)
John Phelan, NYSE chief who ushered in new technology, is dead at 81. (DealBook)
What has monetary policy become? (WonkWire)
People moves
HarborLight Capital Group names Dennis Leary as new managing director. (Tampa Bay Business Journal)
