Prokhorov to buy RenCap, former IKOS employee AWOL, Ackman’s J.C. Penney ‘disaster’ and more
By Chris ClairWhat’s news around the hedge fund industry for Wednesday, Nov. 14, 2012:
Around the web
Ackman’s ‘disaster’ at J.C. Penney won’t impact P&G, analysts say. (Cincinnati Business Courier)
Hedge funds exert sway over Glencore-Xstrata merger. (The Telegraph)
Nets owner Mikhail D. Prokhorov to buy Russia’s Renaissance Capital. (DealBook)
Icahn vs. Hastings: The fight for the future of Netflix. (WSJ.com)
For Obama, no easy fix for convoluted regulatory system. (DealBook)
BlackRock plans leveraged finance hedge fund. (FINalternatives)
Mount Kellett said to shut Asia fund to focus on credit. (Bloomberg, via SFGate)
U.S. Bancorp adds administrator AIS Fund Administration. (FINalternatives)
Former IKOS employee Vincent Pfister a no-show at court. (Cyprus Mail)
Hedge funds beat S&P 500 during 1st week of Nov. (FINalternatives)
Newly elected congressman Alan Grayson’s hedge fund will carry on. (FINalternatives)
Goldman guys Tim Carleton and Matthew Parker go it alone. (Australian Financial Review)
FSA consults on European rules for fund managers. (Citywire)
Eze Castle Integration expands cloud services availability across APAC. (ATMonitor)
CFTC international rules harming U.S. firms, swaps brokers say. (Bloomberg)
FX trading platform EBS changes euro/Swiss franc pricing. (Reuters)
Mohnish Pabrai buys Chesapeake Energy, GM, sells Goldman Sachs. (Forbes)
U.S. insider trial goes ‘inside the world of hedge funds’. (News.com (Australia))
Private equity poised for push into Africa. (Reuters)
U.S. panel urges tougher scrutiny of China investment. (Reuters)
As U.S. hesitates, California pours billions into green energy. (Reuters)
People moves
Coherence Capital Partners adds two partners: Philipp Levy and Edgar Benavidea. (FINalternatives)
Natixis Asset Management appoints new head of European equity. (IPE.com)
