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→  May 9, 2014

In the days following Genco Shipping Trading Ltd.’s billion-dollar Chapter 11 filing, investment funds Aurelius Capital Partners and Och-Ziff Capital Management Group bought up stock in the dry bulk shipper, even though the stock is slated to be canceled in the restructuring and repaid very little. Aurelius, a sharp-elbowed distressed debt fund known for its […]

→  May 9, 2014

If the Co-op Bank were for some reason not to be able to raise the money, the Prudential Regulation Authority could put the lender through a wind up process that would likely see it split into a “good bank” and a “bad bank”, with the continuing operations handed to another major lender and the toxic […]

→  May 8, 2014

Bank of America’s capital offense Bank’s about-face on dividend, buyback plans blows away recently returned investor confidence Article source: http://www.efinancialnews.com/story/2014-05-08/2014-fn-hedge-fund-awards-lansdowne-mayfair

→  May 8, 2014

Despite slowdown experienced in Europe, UK hedge fund industry experienced booming conditions since 2012 UK witnessed 82 new hedge fund launches since 2012, as compared with 37 in the rest of Europe, according to Preqin‘s recent report. Amy Bensted of Preqin in the report dated May 7, 2014 points out firms headquartered in the UK now […]

→  May 8, 2014

Help •Contact us •About us •Advertise with the FT •Terms conditions •Privacy policy •Copyright •Cookie policy © The Financial Times Ltd 2014 FT and ‘Financial Times’ are trademarks of The Financial Times Ltd. Article source: http://ftalphaville.ft.com/2014/05/08/1845752/hedge-funds-fortunes-and-merit/

→  May 8, 2014

A New York hedge fund manager who admitted to ripping clients off to the tune of almost $3 million was sentenced to almost four years in prison yesterday. U.S. District Judge Alvin Hellerstein sentenced Konior to 46 months in prison followed by three years of supervised release, as well as to forfeit the $2.9 million […]

→  May 7, 2014

OOPS! An error occured while processing your request. Insurance News Net has been notified of this error. Please use your browser’s BACK button orreturn to the Insurance News Net homepage. Article source: http://insurancenewsnet.com/oarticle/2014/05/07/will-hedge-fund-billionaire-assist-inslee-by-spending-on-washington-races-a-500369.html

→  May 7, 2014

The 25 highest paid hedge fund managers took home $21.15 billion last year, according to just-released numbers published by Institutional Investor’s Alpha magazine. David Tepper, founder of Appaloosa Management topped the list for the second year in a row, earning $3.5 billion in 2013, up 59 percent over 2012. Four of those on Alpha’s “Rich […]

→  May 7, 2014

Investcorp is working to expand its hedge-fund distribution operation, and has a new co-head of marketing to pitch in. Franklyn Chang was named a managing director at the firm, where he’ll work with existing market chiefs David Bruce and David Cranston, Pensions Investments reports. Chang joins Investcorp from third-party marketing firm Eaton Partners, where he […]

→  May 7, 2014

Sophie Lasry with her father, Marc Lasry “I’ve been going to 100 Women in Hedge Funds events since I was 14,” Sophie Lasry said over the roar of conversation that filled the Marina B Boutique on East 57th Street Tuesday night. The 20-year-old’s aunt is the hedge fund queen Sonia Gardner. Last year, she took […]