Oops! It appears that you have disabled your Javascript. In order for you to see this page as it is meant to appear, we ask that you please re-enable your Javascript!

News

We aggregate on a daily basis the most relevant news related to hedge funds/alternative investment firms and people moves. Members have unlimited access to all exclusive and aggregated articles and the ability to search by keywords.

As McKinsey Sells Advice, Its Hedge Fund May Have a Stake in the Outcome McKinsey has revealed little about the hedge fund it owns, MIO Partners, concealing many of the investments in shell companies on the island of Guernsey. Credit McKinsey & Company sign at bottom left: Arnd Wiegmann/Reuters Image

The sins of Valeant Pharmaceuticals are well known. Instead of spending to develop new drugs, Valeant bought out other drugmakers, then increased prices of lifesaving medicines by as much as 5,785 percent. Patients had no choice but to pay.

Valeant’s chief executive, J. Michael Pearson, was hauled into a 2016 Senate hearing and verbally thrashed by lawmakers. “It’s using patients as hostages. It’s immoral,” said Claire McCaskill, then the Democratic senator from Missouri. One executive went to prison for fraud. The company’s share price collapsed...

Paul Tudor Jones Hits Palm Beach With Mick Mulvaney by His Side

Paul Tudor Jones sat with Mick Mulvaney, the acting White House chief of staff, on Saturday night in Palm Beach. It might’ve been the closest the hedge fund manager has come to achieving alpha in his decades-long fight for the Everglades.

Just six days earlier, Florida’s new governor, Ron DeSantis, sent a request to President Donald Trump for $200 million in annual funding for Everglades restoration. Mulvaney -- also the director of the Office of Management and Budget -- can help make it happen.

A former SAC Capital portfolio manager closing his $1 energy billion hedge fund after only three years of trading

Precocity Capital, an energy-focused hedge fund run by former SAC Capital PM Nick Tiller, is closing down, according to sources familiar with the matter. The hedge fund managed more than $1 billion as ...

Billionaire Ken Griffin’s Citadel hires female hedge fund founder

Billionaire Ken Griffin just snagged an ex-Paulson & Co. trader for his $28 billion hedge fund, The Post has learned.

Griffin, who has been grabbing talent from Goldman Sachs, D.E. Shaw and Point 72 Capital in recent months, hired Samantha Greenberg away from Margate Capital, the $215 million hedge fund she launched three years ago, according to an investor letter...

DE Shaw taps Fulcrum for IR pro

Damian Leach joins multi-asset manager in London...

Universal Investment in management shake-up

German firm seeks COO replacement; CEO to stay on as adviser

The post Universal Investment in management shake-up appeared first on HFM Week.

Bracebridge Capital taps ex-SEC enforcer for CCO

Silvestre Fontes replaces Steve Quintero as compliance chief...

Millennium hires ex-Casement COO

David Zeitz joins as business manager in New York

The post Millennium hires ex-Casement COO/CCO  appeared first on HFM Week.

Meet the boss of one of Europe’s top hedge fund performers

Three years ago Bruno Crastes delivered a presentation to bond investors in Miami called “Bye-bye beta, hello alpha” — but the title of the talk could have been: “Bye bye Bill Gross.”

Mr Crastes, a fixed-income investor, may not have the global reputation of “bond king” Mr Gross but, softly softly, he has become one of Europe’s best-performing absolute return managers...