More hedge funds shut down, Steve Cohen missing at art fair, more investors like emerging managers and more
By Chris ClairWhat’s news around the hedge fund industry for Thursday, Dec. 6, 2012:
Around the web
More hedge funds shut down. (WSJ.com)
Steven A. Cohen is missing at opening of Miami Beach art fair. (NYTimes.com)
SEC keeps whiffing on prosecutions. (InvestmentNews)
Shareholders, including Ralph Whitworth, could overrule Timken’s desire to keep steel unit. (Crain’s Cleveland Business)
Hyman Capital Management’s Galen “Wes” Swank killed when car crashes into trees less than a mile from his home. (Dallas Morning News’ The Scoop Blog)
Citigroup, Morgan Stanley and Société Générale making moves that could lead clients to pull money from SAC Capital. (New York Post)
Prosecutors in insider trading trial confirm they view SAC Capital’s Michael Steinberg as a co-conspirator in the case. (New York Post)
Paulson resorts to be sold to GIC after auction canceled. (Bloomberg)
Deutsche Bank says report that it hid losses lacks merit. (DealBook)
Deer Park Corp. closes first hedge fund, plans second. (Hedge Funds Review, via FINalternatives)
Hedge funds up 0.33% in November: DJ/CS. (FINalternatives)
Hutchin Hill Master Fund returns 4.3% in October. (ValueWalk)
Marshall Wace profit up 20%. (FINalternatives)
Sprott overhauls Flatiron Capital Management amidst flagging performance, asset drop. (FINalternatives)
Fund managers lift results with timely trading sprees. (WSJ.com)
British Virgin Islands ease regulatory burden on smaller funds. (FINalternatives)
Alphonse Fletcher’s lawyers quit in Dakota Apartments case. (FINalternatives)
Trail to a hedge fund, from a cluster of cases. (DealBook)
JPMorgan cleared as Amaranth suit fails again. (FINalternatives)
Recurring name in insider trading inquiry: SAC. (DealBook)
Opalesque: Emerging hedge funds most popular among investors. (HedgeFund.net)
South Korea’s hedge fund industry grows sevenfold. (CRIEnglish)
December 7th, 2012 at 11:35 am
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