Female managers outperforming men, the myth of the tax-fleeing millionaire, why hedge funds like charter schools and more
By Chris ClairWhat’s news around the hedge fund industry for Friday, Feb. 15, 2013:
Around the web
ERBE: Female investors outperforming men. (Evansville (Ind. Courier & Press)
Paulson & Co. may oppose deal between MetroPCS, T-Mobile. (WSJ.com)
Einhorn, Soros differ on gold mining ETFs. (Nasdaq)
The alluring myth of the tax-fleeing millionaire. (NYTimes.com)
Edward Lampert cuts AutoNation stake. (South Florida Business Journal)
Why wealthy foreigners invest in U.S. charter schools. (Washington Post)
The Icahn effect on Herbalife shares. (DealBook)
Ken Griffin buys Palm Beach homes for $130 million. (Crain’s Chicago Business)
Tiger Global quits Facebook; SAC Capital, others jump in. (FINalternatives)
Madoff trustee Irving Picard seeks $505 million distribution. (FINalternatives)
Madoff says he’s behind recoveries for victims. (FINalternatives)
Investors add to hedge fund stakes in February. (FINalternatives) But….
Investors punish hedge funds with worst outflow since ‘09 in December. (FINalternatives)
SEC developing new fraud detection technology. (Washington Post)
Racon Capital Partners raises $35 million. (Milwaukee Business Journal)
The secret trading strategy from the 1930s that hedge funders don’t want you to know about. (Financial Post)
Third Point reports $148.2 million stake in Morgan Stanley. (Deal Journal)
Futures brokers say CFTC rule could put them out of business. (Bloomberg)
People moves
Prime brokerage pro, Viking vet Keith Gersten to Citi Private Bank. (FINalternatives)
