JCPenney hurts Pershing Square, Bridgewater opposition, Marc Lasry’s Variety bid hits a snag and more
By Chris ClairWhat’s news around the hedge fund industry for Wednesday, Aug. 29, 2012:
Around the web
Nadel receiver reaches $25 million settlement with Holland & Knight. (Tampa Bay Business Journal)
Cedar Rapids investment adviser Noah Aulwes admits defrauding clients in Covenant Advisors. (Cedar Rapids Gazette)
Bill Ackman tells investors JCPenney stake lowered Pershing Square’s returns by $900 million this year. (New York Post)
Development of Bridgewater Associates’ new Stamford headquarters upsetting local residents, officials. (New York Post)
High-frequency traders flat-out buying data ahead of you. (WSJ’s MarketBeat blog)
Marc Lasry’s bid to buy Variety hits a snag. (New York Post)
Students finding out what it means to be under water. (Phil Rosenthal in the Chicago Tribune)
Two D.E. Shaw funds up 10%. (ValueWalk, via FINalternatives)
Level Global founder Anthony Chaisson, co-defendants hit with new charges. (FINalternatives)
Paul Singer a major player at Republican convention. (HedgeFund.net)
People moves
Avondale Partners hires Patrick Davis and David Hald for l/s equity Avondale Conquest fund. (FINalternatives)
Cambridge Associates hires Jeffrey D. Mansukhani to lead alternative assets research platform. (FINalternatives)
NewEdge’s Gary DeWaal to retire, remain as advisor. (WSJ.com)
