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Tiger Asia Management Hedge Fund Said to Plan Guilty Plea - Hedge Fund News December 13th, 2012
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2012-12-13 05:31:35
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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-archive1.com/?u=77a3cd097df7557022fbc4906&id=487d9c863e&e=563f3285d7 ** Hello Hunter, ------------------------------------------------------------ Here's this week's top news in hedge funds, curated for you by Trusted Insight. Martin Currie shuts down China Hedge Fund after being hit with $14m fine (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=93098716f3&e=563f3285d7) International equity specialists Martin Currie is closing down its long/short equity strategy China Hedge Fund after the firm was slapped with a $14m fine from U.S. and UK regulators for favoring one client over another. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=eea88df002&e=563f3285d7) , Private Equity (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=05bd0de929&e=563f3285d7) , China (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=d8658b271d&e=563f3285d7) , UK (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=aff970aee4&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=00bc33d5a9&e=563f3285d7) Swiss Hedge Funds Consider Relocating to Liechtenstein, PwC Says (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=2724f54f80&e=563f3285d7) Swiss hedge fund managers are considering relocating to neighboring Liechtenstein to sidestep tougher regulations being introduced in Switzerland and gain access to the European Union, PricewaterhouseCoopers LLP said. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=be9c293a42&e=563f3285d7) , Europe (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=18ed9629f1&e=563f3285d7) , Switzerland (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=bf372b8c1b&e=563f3285d7) Caravel Best Trade Is In Nigerian Banks (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=3553b3c5cc&e=563f3285d7) In a year when hedge funds are getting crushed, emerging and frontier market-focused firm Caravel Management is up over 30%. He piqued our interest when he said that the the $225 million AUM fund was “heavily invested in banks in Nigeria.” It’s what he considers one of the firm’s best investments of 2012. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=cf9f51eeb2&e=563f3285d7) , Emerging Markets (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=f2d00230eb&e=563f3285d7) , Africa (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=8204b08458&e=563f3285d7) Tiger Asia Management Hedge Fund Said to Plan Guilty Plea (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=8b30757b58&e=563f3285d7) Tiger Asia Management LLC, the New York-based hedge fund run by Bill Hwang that had $1.2 billion as of August, is expected to plead guilty to wire fraud as part of a U.S. insider trading investigation, according to two people familiar with the matter. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=c6f7bb83db&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=f95382dce7&e=563f3285d7) , New York (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=b88cf7abbe&e=563f3285d7) South Korea’s hedge fund industry – is seeing consistent growth on the back of government support (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=e18c522057&e=563f3285d7) A robust corner of Asia’s hedge fund industry lies in South Korea, where the government, faced with the familiar global problem of an ageing population, has actively encouraged the development of alternatives to boost pension and other investment returns. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=164271d197&e=563f3285d7) , Pension (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=d6ac3bc1ec&e=563f3285d7) , Asia (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=f52344f093&e=563f3285d7) , South Korea (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=18b7e2e7c9&e=563f3285d7) Regiment Hedge-Fund Founder Tim Peterson to Step Down in 2014 (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=0483431970&e=563f3285d7) Tim Peterson, who founded the $7 billion Regiment Capital Advisors LLC in 1999 after a decade at Harvard University’s endowment, plans to step down from day-to- day management of the hedge fund in mid-2014. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=e0d9fda054&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=cd17b3765d&e=563f3285d7) Pension funds pulled $6.4B from hedge funds last month (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=d135168cbc&e=563f3285d7) Pension funds accounted for a substantial chunk of the more than $10 billion redeemed from hedge funds in October, a report shows. Total net withdrawals were $10.8 billion, according to BarclayHedge and TrimTabs Investment Research. And some $6.4 billion of that came from pension funds. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=251fee6bb0&e=563f3285d7) , Pension (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=9b49594c79&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=c879711efd&e=563f3285d7) Bank of Japan’s Unlimited Loans Seen Open to Use by Hedge Funds (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=2712ffcd56&e=563f3285d7) The Bank of Japan plans to avoid restricting where money ultimately flows from its program of unlimited lending to banks, meaning cash could go to companies including hedge funds, people familiar with the central bank’s discussions said. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=86b925657b&e=563f3285d7) , Banking (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=15b27946c9&e=563f3285d7) , Asia (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=84d9abe3d7&e=563f3285d7) , Japan (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=880df19aaf&e=563f3285d7) TfL to park pension pot in hedge funds (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=26864c9d1a&e=563f3285d7) TfL’s fund is in the final stages of investing with hedge funds Och-Ziff Capital Management and Arrowgrass Capital Partners, and is set to boost its holding with Bridgewater Associates, the world’s largest hedge fund, TfL’s investment officer Padmesh Shukla told Reuters. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=dc8206a272&e=563f3285d7) , Pension (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=e6f054a1e5&e=563f3285d7) , UK (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=c5be08a49d&e=563f3285d7) Analysis: Argentina debt case weakens incentives to settle (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=872029fedc&e=563f3285d7) A legal clause as the key to smoothing future debt restructurings could be undermined by a U.S. court ruling that Argentina must pay creditors holding its defaulted debt.The case has implications for emerging markets, source of protracted and painful past defaults, and for Europe. Connect with peers interested in: Hedge Funds (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=6bc91d59ad&e=563f3285d7) , Private Equity (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=c68b3769df&e=563f3285d7) , Debt (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=50829d299c&e=563f3285d7) , Emerging Markets (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=241a570f74&e=563f3285d7) , Latin America (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=13ae0581fe&e=563f3285d7) , Argentina (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=7677a249f3&e=563f3285d7) Read more Hedge Fund news at our blog (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=2c2c412b94&e=563f3285d7) Where should our next LP reception be held? 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