Ackman ups P&G stake, how a SWF picks a hedge fund, Libra closing, Algebris fund swells and more
By Chris ClairWhat’s news around the hedge fund industry for Friday, Nov. 16, 2012:
Around the web
SEC said to be investigating Peter J. Eichler’s trading practices. (DealBook)
Ackman ups his stake in Procter & Gamble. (Cincinnati Business Courier)
E*Trade to close U.K. unit. (WSJ.com)
Work still needed to reduce repo market risks: Fed official. (WSJ’s MarketBeat blog)
How a SWF picks a hedge fund – the inside track. (aiCIO)
Libra Advisors to return investors’ money. (Deal Journal)
Chase Coleman’s Tiger Global has made so much money it’s giving some back to investors at end of year. (New York Post)
And we’re surprised … why? John Paulson dumps stake in South African mining company AngloGold Ashanti months after recommending it to investors. (New York Post)
Sources: New owners plan Peter Liguori as Tribune Co. CEO. (Chicago Tribune)
BP’s other victims are its shareholders. (Reuters)
Magnetar vet Ross Stevens unveils Stone Ridge Asset Management, a reinsurance hedge fund. (Bloomberg, via FINalternatives)
Algebris coco fund swells. (Financial Times)
Asian hedge fund industry gets crowded. (FINalternatives)
Big hedge funds see disparate returns in October. (FINalternatives)
Man sells Lehman claim to Baupost Group. (FINalternatives)
Altegris launches CTA challenge. (FINalternatives)
Hedge funds lose 0.15% in October. (FINalternatives)
Pension funds lose first round of legal battle with Henderson. (IPE.com)
Aussie watchdog ponders derivatives competition. (The Trade News)
Financial Transaction Tax to emerge early next year. (The Trade News)
Regulator fears fraud from hedge fund ad rules. (MarketWatch)
