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Fortress moves into Chinese bad debts - Hedge Fund News January 17th, 2013
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2013-01-17 05:33:34
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Latest update from Trusted Insight Change your email preferences. (http://thetrustedinsight.us2.list-manage2.com/profile?u=77a3cd097df7557022fbc4906&id=f0afe72d9a&e=563f3285d7) ------------------------------------------------------------ http://us2.campaign-archive1.com/?u=77a3cd097df7557022fbc4906&id=80155adc6d&e=563f3285d7 Trusted Insight | Hedge Funds January 17th, 2013 ** Hello Hunter, ------------------------------------------------------------ Here's this week's top news in hedge funds, curated for you by Trusted Insight. Please update your email settings (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=153692ef30&e=563f3285d7[UNIQID]) to receive news and video that is relevant to you. ** Save the Date ------------------------------------------------------------ Trusted Insight Winter LP Reception Tuesday, January 29th 6 to 9 PM, EST RSVP (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=4c8c9f3bd0&e=563f3285d7) See who's attending (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=254e1bf296&e=563f3285d7) Fortress moves into Chinese bad debts (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=c4cdffffec&e=563f3285d7) Fortress Investment Group is buying a servicer of soured debts and distressed assets in China ahead of an expected surge in non-performing loans in the second-largest economy, according to people familiar with the transaction. Connect with peers interested in: Event Driven (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=a198ac9924&e=563f3285d7) , Private Equity (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=45293b75bb&e=563f3285d7) , Debt (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=2d7e278f47&e=563f3285d7) , Distressed (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=ffd5079a1d&e=563f3285d7) , Asia (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=a096a146e0&e=563f3285d7) , China (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=0cf9a6a767&e=563f3285d7) Mariner Hedge Fund to Take Over Concordia’s Operations (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=c7afdd7c1e&e=563f3285d7) Mariner Investment Group, the $10.2 billion hedge fund founded by William Michaelcheck, said it agreed to take over the business operations of Concordia Advisors. Terms weren’t disclosed. Connect with peers interested in: Multi-Strategy (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=42b7438ca6&e=563f3285d7) , Relative Value (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=d70f0ee929&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=131c31b925&e=563f3285d7) Ex-SAC analyst named 20 alleged insider traders (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=91125dd899&e=563f3285d7) Wesley Wang, a former analyst for the $14bn hedge fund SAC Capital, has named 20 people who traded on inside information, including some subjects of the US government’s wide-ranging investigation who are yet to be charged, according to prosecutors. Connect with peers interested in: Equity (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=f0ab3e7e63&e=563f3285d7) , Event Driven (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=0a25783afa&e=563f3285d7) , Long-Short (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=511d561ea5&e=563f3285d7) , Government (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=f96d3f364b&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=5802f9602d&e=563f3285d7) Argentina’s Fernandez says hedge funds are to blame for economic woes (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=2d41507392&e=563f3285d7) Argentine President Cristina Fernandez de Kirchner says economic predators and hedge funds are to blame for the country’s financial troubles. Fernandez launched a spirited attack on international financial community and market players as she led a lavish celebration to welcome Argentine naval ship Libertad, which sailed home from Ghana after more than two months of an acrimonious detention in the West African country. Connect with peers interested in: Event Driven (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=c000e95f45&e=563f3285d7) , Debt (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=360d0013e8&e=563f3285d7) , Latin America (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=71757bd785&e=563f3285d7) , Argentina (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=a33d7ee832&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=f8a746e723&e=563f3285d7) Women hedge fund managers outperformed male counterparts last year (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=997b487300&e=563f3285d7) Women-owned or managed hedge funds continue to outperform their male counterparts and led the industry as at the end of the third quarter in 2012, said professional service provider Rothstein Kass in its latest study, “Women in Alternative Investments: Building Momentum in 2013 and Beyond.” Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=de8273d285&e=563f3285d7) , Portfolio Management (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=16c555abc0&e=563f3285d7) Fund sell-down boosts prospects for grain rally (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=66e35fb048&e=563f3285d7) Hedge funds cut their net long position in Chicago corn and soybean futures to multi-month lows heading towards the US downgrade of its inventories of the grains, raising ideas of a rebound in values gaining an extra gear. Connect with peers interested in: Relative Value (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=76ded6eeff&e=563f3285d7) , Real Assets (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=ac5eaa2558&e=563f3285d7) , Agriculture (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=e5baed1d06&e=563f3285d7) , Commodities (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=804393fdc5&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=727a4c585e&e=563f3285d7) Ex-SAC Manager Simonian Said to Start Stock Hedge Fund (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=dab7bd0851&e=563f3285d7) Charles Simonian, a former portfolio manager at SAC Capital Advisors LP’s Sigma Capital unit, plans to start a long-short equity hedge fund, according to a person with knowledge of the matter. Simonian, 41, will open New York-based Trove Capital Management LLC in March or April, said the person, who asked not to be identified because the information isn’t public. Connect with peers interested in: Equity (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=8b81d403fb&e=563f3285d7) , Long-Short (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=07b5754522&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=d68b12c094&e=563f3285d7) NewAlpha Backs Ex-Nomura Team’s Hedge Fund (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=0a1d853ffa&e=563f3285d7) Hedge fund seeder NewAlpha Asset Management has invested in its 20th seedling. The Paris-based firm picked LindenGrove Capital, founded last year by a pair of former Nomura Holdings traders, for the honor. London-based LindenGrove is a discretionary macro shop focused on inflation products, interest rates, credit and foreign exchange. Connect with peers interested in: Global Macro (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=a865186259&e=563f3285d7) , Private Equity (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=127bac1308&e=563f3285d7) , Europe (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=e73b5af021&e=563f3285d7) , France (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=9fba537e49&e=563f3285d7) , UK (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=4fa0f9eb46&e=563f3285d7) Bad time to end ban on hedge fund ads (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=8b0a9f06f2&e=563f3285d7) Investors twitching nervously last week over Washington’s tryst with fiscal havoc may have felt better after the last-minute deal to stave off tax rises and budget cuts, giving a frayed US economy more time to mend. They may be in no mood for a less dramatic but possibly ugly trauma looming ahead. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=583ff5ffe7&e=563f3285d7) , Government (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=eb3499cbe9&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=baa38b7eca&e=563f3285d7) Hong Kong’s Triskele to Shut Hedge Funds After Assets Shrank (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=230aff7151&e=563f3285d7) Triskele Capital Management Ltd., with more than $600 million assets at its peak, decided to close its two hedge funds after investment losses and investor redemptions, said Chief Investment Officer Tsuyoshi Shiba. Connect with peers interested in: Equity (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=c052b4b415&e=563f3285d7) , Asia (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=4fb6faf086&e=563f3285d7) , China (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=7b7791de88&e=563f3285d7) , Hong Kong (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=364496db0d&e=563f3285d7) Gabelli Securities International Ltd. Acquires Horizon Research Advisors, a New Delhi Investment Boutique (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=328533a39b&e=563f3285d7) Gabelli Securities International (UK) Ltd., (‘GSIL’), a global alternative asset management platform and merchant advisor, announced today that it had acquired New Delhi-based Horizon Research Advisors (‘Horizon’), expanding its assets and client access to the Indian sub-continent and South East Asian marketplace. Connect with peers interested in: Event Driven (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=91ee1edb3b&e=563f3285d7) , Multi-Strategy (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=56e2990f10&e=563f3285d7) , Emerging Markets (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=877196a5b1&e=563f3285d7) , Europe (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=62f34aed7a&e=563f3285d7) , UK (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=81cade30fa&e=563f3285d7) , India (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=7316956f46&e=563f3285d7) A Goldman Sachs Trading Team Sidesteps the Volcker Rule (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=1488fce7ad&e=563f3285d7) Sitting onstage in Washington’s Ronald Reagan Building in July, Lloyd Blankfein said Goldman Sachs Group had stopped using its own money to make bets on the bank’s behalf. “We shut off that activity,” the chief executive officer told more than 400 people at a lunch organized by the Economic Club of Washington, slicing the air with his hand. Connect with peers interested in: Long-Short (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=eb2bf0df87&e=563f3285d7) , Private Equity (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=77adc7b9d8&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=2beebaa124&e=563f3285d7) Read more Hedge Fund news at our blog (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=425b8b53c6&e=563f3285d7) Where should our next LP reception be held? Let us know. 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