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2013-01-04 06:01:10
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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=4df69a2b58&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-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=2ef96e4774&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=09a99de797&e=563f3285d7) See who's attending (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=1299cf02b7&e=563f3285d7) Crispin Odey suffers £6m pay cut (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=da40070a3a&e=563f3285d7) Income at Odey Asset Management, the £4.1bn fund he founded, dropped by £5m to £40m in the year to April 2012 largely as a result of a £6m drop in performance fees to £2.5m. The decline followed a tumultuous 2011, which Mr Odey has described as a “pretty horrible year”. Connect with peers interested in: Macro (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=cd164c834b&e=563f3285d7) , Europe (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=4f6e0da1b5&e=563f3285d7) , UK (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=39fc8ca6e1&e=563f3285d7) Porsche wins dismissal of U.S. hedge fund lawsuit over VW (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=af88ff1f9a&e=563f3285d7) Porsche Automobil Holding SE on Thursday won the dismissal of a New York lawsuit by 26 hedge funds that accused the German automaker of causing more than $1 billion of losses by cornering the market in Volkswagen AG shares. Connect with peers interested in: Equity (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=0a44ca8099&e=563f3285d7) , Automotive (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=a35b1e57f8&e=563f3285d7) , Europe (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=c4e24f9cdc&e=563f3285d7) , Germany (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=ea316acf63&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=b314efe3df&e=563f3285d7) Shadow banks tap into distressed shipping (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=1d16200bf5&e=563f3285d7) Leading private equity and hedge fund investors are increasing their bets on the distressed shipping industry, pursuing strategies that range from buying ships to purchasing loans from European banks that have financed the sector in the past. Connect with peers interested in: Directional (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=ac16b1e6dc&e=563f3285d7) , Private Equity (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=172f4f143d&e=563f3285d7) , Debt (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=a3f7f9d34f&e=563f3285d7) , Distressed (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=bf3efb9342&e=563f3285d7) , Logistics (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=f89c081ebe&e=563f3285d7) , Europe (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=93c5263632&e=563f3285d7) A rebound for hedgie Robbins (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=66978c81f4&e=563f3285d7) Hedge-fund mogul Larry Robbins, founder of $4.5 billion Glenview Capital, posted healthy returns last year after a sickly 2011 by betting big on hospital stocks. Glenview’s $3.6 billion flagship fund is on track to post a 2012 gain of nearly 30 percent, The Post has learned, after racking up a gain of 5.72 percent in the first 21 days of December. Connect with peers interested in: Equity (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=814027b2eb&e=563f3285d7) , Healthcare (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=277d2acc57&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=c976cc1eb6&e=563f3285d7) Hedge Fund Mergers & Acquisitions: Arthur J. Gallagher Buys The Eriksen Group (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=951667e986&e=563f3285d7) International hedge fund brokerage and risk management company Arthur J. Gallagher has acquired central US retirement consulting firm Eriksen Group. Eriksen is a retirement consulting firm that provides ongoing and project-based retirement consulting services to their clients throughout the Central United States. Connect with peers interested in: M&A (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=e17e38379e&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=04413a455d&e=563f3285d7) Ex-Citigroup Prop Trader Joel Salomon to Start Hedge Fund (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=2bf44adef1&e=563f3285d7) Joel Salomon, a former director at Citigroup Inc., plans to start long-short equity hedge fund SaLaurMor Capital LP this month. Salomon, 48, left Citigroup in January 2012, where he ran a financial-stock portfolio valued at $700 million at its peak in 2011 within the equity principal strategies unit, he said last month in a telephone interview. Connect with peers interested in: Directional (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=f85dc0b9e3&e=563f3285d7) , Long-Short (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=d5b9254004&e=563f3285d7) , Debt (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=51eb9fde1f&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=ae0420ce56&e=563f3285d7) Ex-Citadel Securities Head Gets Hong Kong License for Fund (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=c055748d09&e=563f3285d7) Patrik Edsparr, the former head of Citadel LLC’s securities unit, received a license to start an asset management company, according to information posted on the Hong Kong Securities and Futures Commission’s Web site. Connect with peers interested in: Event Driven (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=97ac088a46&e=563f3285d7) , Asia (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=7fde52b8ae&e=563f3285d7) , Hong Kong (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=412752b2f5&e=563f3285d7) U.S. Attorney Bharara Takes Argentina’s Side In Elliott Fight (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=33f9bdb19b&e=563f3285d7) Preet Bharara is taking on another prominent hedge fund manager. The U.S. Attorney in Manhattan, whose office has nailed some 70 people, including a number of hedge fund managers and analysts, and which is widely thought to be after SAC Capital Advisors chief Steven Cohen, is adding his voice to the fray over Argentine debt Connect with peers interested in: Event Driven (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=e9ff9c8fb2&e=563f3285d7) , Debt (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=9d42eb2793&e=563f3285d7) , Latin America (http://thetrustedinsight.us2.list-manage2.com/track/click?u=77a3cd097df7557022fbc4906&id=53df75984c&e=563f3285d7) , Argentina (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=98d5671ef2&e=563f3285d7) , USA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=0cd830b8dc&e=563f3285d7) Argentina Debt War Lawyers Spend Decade Before Judge (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=2e125e0344&e=563f3285d7) Middle East investors have been looking to alternatives for years as part of their investment portfolios. However, this trend has gained further impetus with the rise of sovereign wealth funds set up to invest cash flows from the region’s energy resources in an economically and geographically diversified pool of investments, as well as from the depressive effects of low interest rates on conventional investment strategies. Connect with peers interested in: Global Macro (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=3868489b68&e=563f3285d7) , Private Equity (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=a0c2a97fb1&e=563f3285d7) , Real Assets (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=6822ee0ec6&e=563f3285d7) , Debt (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=9a860a4c6e&e=563f3285d7) , Emerging Markets (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=e1b41d2b88&e=563f3285d7) , MENA (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=28cfabb67c&e=563f3285d7) , SWF (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=e52e6d779b&e=563f3285d7) Hedge funds gain from QE at expense of savers, pensioners (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=5f77ab189d&e=563f3285d7) Hedge funds have been the main beneficiaries of the Bank of England’s £375 billion programme of quantitative easing, with some funds making returns of as much as 32 per cent. But the Daily Telegraph reports that older people have seen a nine per cent drop in real incomes as a result of QE since 2008. Connect with peers interested in: Equity (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=5997959593&e=563f3285d7) , Multi-Strategy (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=47763d2131&e=563f3285d7) , Debt (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=dcde2686f4&e=563f3285d7) , Pension (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=8dc29d465e&e=563f3285d7) , Europe (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=9accaf6b62&e=563f3285d7) , UK (http://thetrustedinsight.us2.list-manage.com/track/click?u=77a3cd097df7557022fbc4906&id=a1f722f3bc&e=563f3285d7) Read more Hedge Fund news at our blog (http://thetrustedinsight.us2.list-manage1.com/track/click?u=77a3cd097df7557022fbc4906&id=e8f26df331&e=563f3285d7) Where should our next LP reception be held? Let us know. 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