Obama second term notes, Elizabeth Warren primer for Wall Street, Chiasson trial begins and more
By Chris ClairWhat’s news around the hedge fund industry for Wednesday, Nov. 7, 2012:
Around the web
Karvy to launch equity- and currency-based hedge fund soon. (Business Standard)
Investigations to watch in a second term. (DealBook)
With an Obama victory, Wall Street pivots to Plan B. (DealBook)
What Wall Street needs to know about Elizabeth Warren. (DealBook)
On Wall Street, Obama’s re-election sinks in. (DealBook)
Bankrupt Matrix Group to shutter hedge fund, sell fund of funds. (FINalternatives)
Level Global founder Anthony Chiasson’s trial begins. (FINalternatives)
Permal funds up in ‘12. (FINalternatives)
California passes tax measure, Gov. Brown says. (Reuters)
Hedgie Roy Niederhoffer lends a post-Sandy hand. (Bloomberg, via FINalternatives)
JPMorgan nears SEC settlement. (WSJ.com)
Wall Street offers a second career for former politicians. (DealBook)
An executive exodus at Jarislowsky Fraser Ltd. rattles a storied firm. (Toronto Globe and Mail)
Hedge funds forced by FSA to reveal most shorted stocks. (City A.M.)
Lansdowne Partners takes huge ’short’ on Tullow. (Irish Independent)
Peltz said to take stake in Danone. (DealBook)
U.S. financial industry frets over Europe eyeing financial trade tax. (TheHill)
Trustee seeks to delay deadline for Peregrine Financial claims. (WSJ.com)
Million-dollar traders replaced with machines amid cuts. (Bloomberg)
New report says inflation reduces stock, bond value. (HedgeFund.net)
RWC launches new fund. (HedgeFund.net)
Paul Singer’s Elliott Management sells home loan bonds in latest quarter. (Bloomberg)
Demand for options to hedge against Treasury-yield drop surges. (Bloomberg)
Allocators enjoy the ‘low risk-taking world’ of hedge funds. (Investment Europe)
Whitney Tilson to investors: Bet you $25,000 Obama wins. (Forbes)
People moves
BTIG hires former Deutsche Bank trader Eddie Benson. (FINalternatives)
Avalon Lake Partners hires Irwin Menken. (HedgeFund.net)
