Brencourt liquidating, low numbers of hedge funds at high-water marks, Simons’ Dem donations and more
By Chris ClairWhat’s news around the hedge fund industry for Thursday, Sept. 27, 2012:
Around the web
Brencourt Advisors liquidating hedge funds. (WSJ.com)
Deutsche Bank’s Hal Lehr quits for hedge fund with associates. (Bloomberg)
Tony D’Andraia launches Hyaline Capital Management, a macro-driven long/short equity fund. (Opalesque)
Fewest hedge funds at high-water mark. (Institutional Investor, via FINalternatives)
Ex-Osiris Partners CEO Michael Spak pleads guilty to $4 million fraud (Bloomberg)
Simons gives $4 million to Democratic super PACs. (NYTimes.com)
North Carolina college students launch Lumina Investments. (FINalternatives)
Credit Suisse may revamp asset management unit. (WSJ.com)
Ackman greets P&G’s McDonald with 75 pages of complaints. (Cincinnati Business Courier)
Taming the high-speed traders. (DealBook)
Outsourcing dilemma: Should you relinquish back-office control to cut costs? (Citywire)
Pivot Capital Management joins BTG to defy Louis Bacon’s investment desert. (Bloomberg)
After Lehman, Erin Callan bids New York farewell; puts East Hampton home up for sale. (DealBook)
CFTC gives more time to comply with pre-trade screening rules. (Reuters)
New studies highlight uncertain future for swaps trading. (The Trade News)
Thin hedge fund bonuses expected in wake of weak returns. (New York Post)
Creditor lawsuit could undo elements of 2009 GM bailout. (Deal Journal)
FINRA looking at brokerage conflicts involving complex products. (Reuters)
Freddie Mac wins dismissal of shareholder lawsuit. (Reuters)
People moves
Reshuffled JPMorgan prime unit loses tech. chief Robert Murphy. (FINalternatives)
