Hedge funds fleeing from taxes, SAC tries to hold onto clients and staff, policing HFT, hedge funds gain in JanuaryBy Chris Clair
What’s news around the hedge fund industry for Monday, Jan. 28, 2013:
Around the web
Schroders to launch U.S. long/short equity fund. (Citywire)
Bridgewater’s Ray Dalio sees ‘game changer’ as money shifts. (Bloomberg Businessweek)
BofA shifts derivatives to U.K.. (Financial Times)
Khuzami says SEC ‘very focused’ on policing high-speed traders. (Bloomberg Businessweek)
Central clearing of OTC derivatives will affect hedge funds. (Financial Times)
Armajaro Asset Management trader Ben Steele dies at age 35. (Bloomberg Businessweek)
Soros: Hedge funds can’t top markets. (FINalternatives)
Hedge funds start year with 1.41% gain. (FINalternatives)
FSA finalizes fines, bans of Swiss hedge fund manager Stefan ChalignÃ©. (FINalternatives)
Indirect Madoff investors ask court for payout. (FINalternatives)
Duane Morris hired David A. Sussman as a partner in its Corporate Practice Group in Newark, N.J., according to a news release from the firm. Sussman specializes in advising investment advisers on launching investment partnerships, including hedge funds. Previously he worked at Day Pitney LLP. There, he was co-chair of the firm’s private equity and investment funds practice group.
Marc Mallett was named manager of Investment Operations Outsourcing product in the Americas at Northern Trust, a new position. He has been global head of client implementations for Investment Operations Outsourcing since joining the bank in 2010, according to a news release.
Ramius LLC hired Brian Watson and Greg Simonian as directors responsible for distribution of alternative mutual and hedge fund products. Watson will focus on the East Coast while Simonian will work in the Central region, according to a news release. Both most recently worked at Equinox Distributors.
R.J. O’Brien & Associates promoted Melissa B. Andrews to General Counsel. She joined the firm in 2010 as Associate Counsel.
Kleinberg, Kaplan, Wolff & Cohen PC hired Claudio A. De Vellis and Dorothy J. Santos.
Commonfund promotes three, hires two. (FINalternatives)