S&P lawsuit, Ackman vs. Loeb in January, hedge fund report card, new Avenue Capital fund, boosting leverage in Asia and more
By Chris ClairWhat’s news around the hedge fund industry for Tuesday, Feb. 5, 2013:
Around the web
Justice Department slams S&P with $5 billion fraud lawsuit. (Reuters)
S&P calls government’s suit meritless. (DealBook)
Financial models at heart of lawsuit against S&P. (DealBook)
The things credit rating analysts say. (DealBook)
FTC corrects language on Herbalife. (New York Post)
Ackman vs. Loeb: Who had a better January? (WSJ’s MarketBeat blog)
Is Carl Icahn going after JCPenney and Bill Ackman? (Financial Post)
Hedge fund report card: The good, the bad, and the mostly mediocre. (Financial Post)
Tangle of ties binds SEC’s top ranks. (WSJ.com)
Hedge funds up 1.96% to open 2013. (FINalternatives)
Avenue Capital Group prepares new fund for Europe. (DealBook)
Argentina says Elliott Associates not interested in ‘equal treatment’. (FINalternatives)
AQR’s Clifford Asness slams fees, hedge fund ‘genius’. (Financial News, via FINalternatives)
Frank Vennes’ trial delayed after surprise guilty plea in Thomas Petters-linked case. (FINalternatives)
Starboard Value seeks Wausau Paper poison-pill exemption. (MarketWatch)
Survey shows where wealth managers are most bullish. (Citywire)
High street in hedge fund crosshairs after retail meltdown. (City A.M.)
MF Global customer funds rules get another CFTC hearing. (Bloomberg)
Derivatives markets regulation: Back to the futures? (The Economist’s Free Exchange blog)
Renaissance Technologies’ Edmond Offerman, Swiss villagers clash over ski slopes. (Bloomberg)
Bank of America’s hedge fund clients boost leverage in Asia. (Bloomberg)
SAC Capital eyes refund date. (Financial Times)
Hedge funds racing oil refiners to $100 a barrel. (Bloomberg)
