Soros’ super PAC donation, the end of London, silver bulls, Buffett beats the market with beta and more
By Chris ClairWhat’s news around the hedge fund industry for Friday, Sept. 28, 2012:
Around the web
HK considers adding renminbi hedge funds. (MSPNews)
Mason Capital says Telus voting shareholders need compensation. (Canadian Business)
Soros donates $1.5 million to pro-Obama super PACs. (Washington Post)
The end of London. (TABBForum, registration required but worth it)
Brussels steps up probe of into CDS trading. (Financial Times)
Buy side seeks more automation of order flow. (The Trade News)
Hedge funds bullish on silver as hoard nears record. (Bloomberg)
SS&C gains one more administrator. (HedgeFund.net)
Professional Offshore Opportunity Fund’s Brett Berger to pay more than $6.8 million to settle regulatory charges he stuck investors with losing trades. (New York Post)
SSgA report highlights continued concerns about tail risk events among institutional investors. (Daily Finance)
CDS rules and the law of unintended consequences. (WSJ’s The Euro Crisis blog)
Lincoln (Neb.) Fire and Police Retirement System quits hedge funds. (FINalternatives)
Michael Saigh developing fund backed by rare art, collectibles, fine wines. (St. Louis Business Journal)
Pensions experts welcome Wheatley review of LIBOR, but call for more clarity. (IPE.com)
South African hedge fund group Peregrine Holdings to close consulting arm. (Opalesque)
CCPs afforded flexibility in ESMA’s swaps rules. (The Trade News)
CFTC’s Scott O’Malia says cross-border approach suffers from flaws. (Automated Trader)
The secrets of Warren Buffett’s success: Beating the market with beta. (The Economist)
Nelson Peltz is still scaring companies. (Bloomberg Businessweek)
Hedge fund closures in 2012: What’s the reason? (HFR, via HedgeFund.net)
Directive with a direct impact on hedge funds. (HedgeFund.net)
People moves
CQS hires former SAC Capital manager David Morant. (FINalternatives)
Brevan Howard hires Deutsche Bank’s Vinay Pande for new U.S. Group. (Bloomberg)
