Winds blow ill for Savitr Capital, Rothschild’s rep dented, another SAC Capital tie to insider trading, San Jose get into hedge funds and more
By Chris ClairWhat’s news around the hedge fund industry for Wednesday, Sept. 26, 2012:
Around the web
Western Wind shareholders reject Savitr Capital challenge. (Vancouver Province)
Bumi woes dent Nat Rothschild fortune – and reputation. (The Guardian)
RBS traders boasted of LIBOR ‘cartel’. (The Telegraph)
How can investors achieve diversification today? Asset concentration into large managers not the way. (Benzinga)
Wide interest in Rae’s resort. (The Australian)
360 Capital confident of winning listing support. (The Australian)
Proxy advisers oppose Clinton Group’s Wet Seal proposal. (MarketWatch)
Glencore’s sweetened bid for Xstrata may have an unpalatable condition. (DealBook)
Fifth SAC Capital fund manager – Michael Steinberg – tied to insider trading. (Bloomberg Businessweek)
‘Hedge fund madam’ strikes deal. (FINalternatives)
A3E Capital launches emerging markets bond and currency fund. (FINalternatives)
Leopard Capital Asia Frontier fund up 0.9% in August. (FINalternatives)
Impax Asset Management opens North American office in NYC. (FINalternatives)
Shemara Wikramanayake: Macquarie’s rising star. (The Age)
Former programmer Sergey Aleynikov demands Goldman Sachs cover his legal fees. (DealBook)
Hedge fund skeptics warn on ‘QE Infinity’. (Financial Times)
Goldman’s Blankfein: ‘Gotcha’ culture detrimental to growth. (Deal Journal)
Winton backs China’s first managed futures fund. (MarketWatch)
SSgA skips commodities in new managed futures fund. (InvestmentNews)
San Jose pensions to enlist hedge funds with $730 million. (Bloomberg Businessweek)
People moves
Emily Colella joined Palmer Square Capital Management as a managing director. She will be responsible for institutional business development, according to a news release from Palmer Square. Her previous work experience includes stints at SSI Investment Management, Artisan Partners and Wilshire Associates.
Sutesh Sharma brings ex-Morgan Stanley exec. Andrew Mack to Portman Square Capital as CEO and chief risk officer. (Financial News, via FINalternatives)
