Fund firms furious about HF advertising, D.E. Shaw gets bigger, Galbraith leaving Maverick Capital and more
By Chris ClairWhat’s news around the hedge fund industry for Thursday, Sept. 6, 2012:
Around the web
Let hedgies advertise? Fund firms are furious. (InvestmentNews)
D.E. Shaw added $2.4 billion in assets, biggest growth among top 20 hedge fund manager in Absolute Return’s Billion Dollar Club. (New York Post)
Federal trustee put in charge of bankrupt hedge fund Fletcher International. (New York Post)
Appeals court revives insider trading case against Wynnefield Capital’s Nelson Obus. (DealBook)
Hedge funds lag stocks in August. (FINalternatives)
Hedge funds add 0.7% in August. (FINalternatives)
More gains, even more pain: Summer rally puts the hurt on defensive hedge fund, mutual fund managers. (WSJ.com)
Brain Investment Management wins approval for hedge fund business. (Yahoo Finance Korea)
James Simons hosts a fundraising event. (NYT.com)
ECON reconvenes to settle stance on HFT. (The Trade News)
White House not keen on financial transaction tax. (MarketWatch’s election blog)
Regulators should keep it simple. (Financial Times)
Experts try to rein in trading volume surges on Wall Street. (New York Post)
Technical traders: Up, up and away? (WSJ’s MarketBeat blog)
JPMorgan said to face escalating Senate probe of CIO loss. (Bloomberg)
Barclays told to keep up pressure to reform. (Reuters)
People moves
Maverick Capital partner Steve Galbraith to leave. (WSJ.com)
JPMorgan names new head of Chief Investment Office. (DealBook)
Duet Asset Management hires three to launch new fund. (FINalternatives)
Ranji Nagaswami leaves New York pension to join Bridgewater Associates. (Bloomberg)
Pensato Capital snags ex-Fido, Citadel analyst Jonathan Relph. (Financial News, via FINalternatives)
Strategic Value Partners adds former GSAM co-COO Steve McGuinness. (FINalternatives)
