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Madoff settlement could net hefty profit for hedge funds and investors - Hedge Fund News December 20th, 2012
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2012-12-20 06:03:13
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Latest update from Trusted Insight Change your email preferences. (http://thetrustedinsight.us2.list-manage.com/profile?u=77a3cd097df7557022fbc4906&id=f0afe72d9a&e=563f3285d7) ------------------------------------------------------------ http://us2.campaign-archive2.com/?u=77a3cd097df7557022fbc4906&id=3d25b29783&e=563f3285d7 ** 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-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=eb05e712b1&e=563f3285d7[UNIQID]) to receive news and video that is relevant to you. Weavering Capital Founder Faces Criminal Charges (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=1087ce9a40&e=563f3285d7) The U.K. Serious Fraud Office has initiated criminal proceedings against the founder of Weavering Capital, a U.K.-based hedge fund, which collapsed in 2009. The proceedings follow a decision in July by the SFO’s new director David Green to reopen the investigation into the events leading up to the hedge fund’s failure. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=d913a7bf0a&e=563f3285d7) , UK (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=8dc3d5c3f2&e=563f3285d7) Asian Hedge Funds Reverse Slow Start to Beat World (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=c3ae11c244&e=563f3285d7) Asian hedge funds are set to outperform the world in 2012, gaining for the fourth straight month in November as the U.S. Federal Reserve’s low-rate policies boosted credit and stock investments. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=53b8131626&e=563f3285d7) , Emerging Markets (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=6c418e79bf&e=563f3285d7) , Asia (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=9d75f91247&e=563f3285d7) Mexico’s Vitro seeks $1.59 bln in damages from hedge funds (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=78d4ae20c0&e=563f3285d7) Mexican glassmaker Vitro said on Monday it had begun a legal process to recover up to $1.59 billion in damages from hedge funds who sued the company in Mexico but lost on appeal. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=58bdebab02&e=563f3285d7) , Emerging Markets (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=1193d2b4bf&e=563f3285d7) , Debt (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=0b8813f598&e=563f3285d7) , Distressed (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=04b942c9e7&e=563f3285d7) , Latin America (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=de1a026163&e=563f3285d7) , Mexico (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=5425ee6a8d&e=563f3285d7) Billionaire Hedge Fund Manager Bets On Mainframe Computers (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=355961223e&e=563f3285d7) Mainframe computers have continued to endure, defying decades of technological change and overcoming predictions of their coming extinction. Now a billionaire New York hedge fund manager is making a big bet on big iron computers. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=1132f0ef94&e=563f3285d7) , Private Equity (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=861cab5e3e&e=563f3285d7) , Technology (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=39e11a582f&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=1ed6637184&e=563f3285d7) Miami not just a spring break for hedge fund managers (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=dcb8cde4c8&e=563f3285d7) Florida has experienced significant growth as a hedge fund centre, a trend driven by the move of Latin American hedge fund managers setting up with a view to attracting US investors to invest in LatAm or direct Latin American capital into US markets on behalf of investors. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=1db7432d22&e=563f3285d7) , Latin America (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=a96879b2a6&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=0bddff0f3f&e=563f3285d7) Swiss pension funds shy about hedge funds but not CERN (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=ddc8e2453e&e=563f3285d7) Swiss allocators and fund managers at the recent Opalesque Geneva Roundtable agreed that non-U.S. pension funds are generally twice shy about investing in the hedge fund world. In this article we cite two exceptions to this trend. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=88568e6d52&e=563f3285d7) , Pension (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=e5063a2345&e=563f3285d7) , Europe (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=560298d875&e=563f3285d7) , Switzerland (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=212d835b14&e=563f3285d7) 30 Under 30: Hedge Fund Gadfly Turns Biotech Entrepreneur (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=2cfad9fe35&e=563f3285d7) Martin Shkreli, the 29-year old founder of MSMB Capital in New York, is best known to investors as an activist who battled billionaires and entrenched drug industry executives through blog posts, shareholder letters, regulatory filings, and even an attempted hostile takeover. But now Shkreli says that he is giving the fund’s money back to investors to focus on a new effort. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=84dcb5ef98&e=563f3285d7) , Private Equity (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=9c2a477a26&e=563f3285d7) , Biotech (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=aa1e28b5c9&e=563f3285d7) , Healthcare (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=3139465f41&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=624c91919d&e=563f3285d7) , New York (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=c68c29d9eb&e=563f3285d7) Dan Loeb’s Third Point hedge fund makes $500m profit from Greek bonds (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=5afb742ecd&e=563f3285d7) Mr Loeb has reportedly sold a large part of a $1bn position in Greek debt that soared in value in the wake of the buy-back deal unveiled by Athens on Monday. The trade will stand out as one of the most audacious bets on the eurozone debt crisis so far. Since its onslaught in 2009, the turmoil has wrong-footed financiers around the world. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=fce35bf04c&e=563f3285d7) , Debt (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=8cc75a191d&e=563f3285d7) , Europe (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=f13f3b6dd1&e=563f3285d7) , Greece (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=6f58bcf12f&e=563f3285d7) Maltese Hedge Fund Industry Growing (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=c45e6b6547&e=563f3285d7) A tiny Mediterranean island is becoming an increasingly popular hedge fund center. Malta saw the number of hedge funds domiciled there grow by almost 30% last year, with further growth seen this year. All told, at the end of last year, 700 funds with €8 billion in assets under management called the island, about 50 miles south of Sicily, home. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=0be4bd1b40&e=563f3285d7) , Pension (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=50df3464fe&e=563f3285d7) , Europe (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=6e80dbe286&e=563f3285d7) Argentina Debt War Lawyers Spend Decade Before Judge (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=d74277cb50&e=563f3285d7) Two lawyers have spent much of the past decade defending Argentina in front of the same U.S. judge in dozens of lawsuits arising from the South American country’s 2001 default on $95 billion in sovereign debt. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=5634c05c5e&e=563f3285d7) , Private Equity (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=2580c6fa06&e=563f3285d7) , Debt (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=34f117814f&e=563f3285d7) , Latin America (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=95ea931634&e=563f3285d7) , Argentina (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=51982637a2&e=563f3285d7) Madoff settlement could net hefty profit for hedge funds and investors (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=50a97aa1cb&e=563f3285d7) Four years after Bernard Madoff was arrested for orchestrating a huge Ponzi scheme, a group of investors is close to finalising legal settlements that could allow them to recover more than they lost in the fraud. 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