Anatomy of a fraud, Bridgewater moving, Jana vs. Agrium, and more
By Chris ClairWhat’s news around the hedge fund industry for Wednesday, Aug. 15, 2012:
Around the web
The Venezuela story: Francisco Illarramendi and the anatomy of a fraud. (ComplianceEX)
Bridgewater to spend $750 million on new offices. (DealBook) Or, looked another way, World’s largest hedge fund to get up to $115 million in state assistance to move in Stamford. (Hartford Courant)
Is a Bridgewater bottom in for EWZ? (Benzinga)
Some analysts not yet seeing benefits of Agrium split. (Toronto Globe and Mail)
Jana Partners issues opening salvo after meeting with Agrium. (WSJ’s Canada Real Time blog)
Doug Whitman cites insider suspicions. (WSJ.com)
Einhorn ditches RIM, but look who’s buying Facebook. (Toronto Globe and Mail)
Ackman sells Kraft to buy stake in Procter & Gamble Co.. (Bloomberg)
Investors exit hedge funds like SAC Capital and Elliott Management by selling partnership interests on the secondary market. (New York Post)
Pickens sells off his stake in BP, adds other energy shares. (Houston Business Journal)
Citigroup plans $200 million collateralized loan obligations fund. (Fox Business)
Einhorn moves into healthcare stocks, trims tech. (Contra Costa (Calif.) Times)
Knight trading loss said to be linked to dormant software. (Bloomberg)
Brevan Howard to market $1 billion currency fund to U.S. investors. (FINalternatives)
SEC sues accused boiler room hedge fund fraudsters at Envit Fund. (FINalternatives)
Clarium Capital Management founder Peter Thiel preparing to sell Facebook shares? (FINalternatives)
Tradex Original Segregated Portfolio outperforms single-strategy funds year-to-date. (FINalternatives)
Jones Trading to acquire Conifer Securities. (FINalternatives)
Risk checking in under 500 nanoseconds. (Traders Magazine)
SEC was looking at Knight in midst of errant trade. (Fox Business)
Crack down on high-frequency trading: fund managers. (Australian Financial Review)
People moves
Maples and Calder expands funds teams. (FINalternatives)
