Robertson says ‘too many people managing money now’; Polar Capital’s inflows; N.M. dumps Eton Park, Marathon; and more
By Chris ClairWhat’s news around the hedge fund industry for Thursday, Oct. 11, 2012:
Around the web
Investors pull money from hedge funds in October. (FINalternatives)
U.S. hedge funds ready to reject Nine Entertainment restructure. (Australian Deal Journal)
Polar Capital inflows ‘gain momentum’. (FINalternatives)
The fallout from JPMorgan’s loss. (DealBook)
New Mexico Public Employees Retirement Association cuts ties with Eton Park Capital Management, Marathon Asset Management. (FINalternatives)
Larch Lane team buys firm from parent company Old Mutual Asset Management. (FINalternatives)
LME caught in the crossfire of a bigger war: Andy Home. (Reuters, via Yahoo)
AIMA looks to expand to Middle East. (FINalternatives)
Broadfin marks 7th anniversary with 6.5 % gain. (FINalternatives)
‘There are too many people managing money now’: Julian Robertson. (Bloomberg)
Glencore tie-up with Xstrata has miles to go. (WSJ.com)
ASIC looking for high-frequency trading activity in dark pools. (Sydney (Australia) Morning Herald)
In high-frequency trading, ‘a millisecond is worth a fortune’. (Toronto Globe and Mail)
Scotiabank expanding hedge fund derivatives services. (Bloomberg)
UBS executives probing Adoboli trades ignored co-workers. (Bloomberg)
Goldman Sachs’ Gary Cohn sees ’small’ chance euro area will stick together. (Bloomberg)
Japanese CCP starts clearing interest rate swaps. (IFRE.com)
Industry anticipates shift to LIBOR alternatives. (The Trade News)
Man Group shares up on BlackRock bid newspaper report. (Bloomberg Businessweek)
Ninth Annual Hedge Funds Care Canada gala to be held Oct. 23. (Investment Executive)
Lloyd Blankfein: I’ll pay 5 percent more tax for budget deal. (Reuters)
Wall Street executive Tighe Sullivan, helicopter pilot William Ellsworth killed in crash; Stephen Barral injured. (Newark (N.J.) Star-Ledger)
People moves
Nephila Capital promotes David Oliveira to partner. (FINalternatives)
