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Funds |
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Hedge fund founder ordered to pay ex-partners $35 mil (Reuters) (23-05-2012) |
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Hedge fund founder James Crombie, a one-time JPMorgan Chase & Co
trader, was found on Tuesday to have defrauded his former partners
and was ordered to pay them $35 million by a Delaware Court of
Chancery judge to compensate Peter McConnon and Timothy Lyons for
their contributions to starting Paron Capital Management LLC and for
lost future earnings. According to Tuesday's 36-page opinion by
Judge Donald Parsons, McConnon and Lyons left lucrative jobs at
financial firms in 2010 and teamed up with Crombie to market his
quantitatively based trading program, which was producing returns... |
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Hedge Fund
Mergers & Acquisitions (HedgeCo.net)
(21-05-2012) |
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US
company investment from Private Equity in 2011 (HedgeCo.net)
(17-05-2012) |
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Inflated contractor costs of $1.2 Million to Hedge Fund (NYTimes)
(16-05-2012) |
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Credit Suisse
launches Liquid Alternative Fund (HedgeCo.net)
(15-05-2012) |
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Another month of inflows for hedge funds (HedgeCo.net)
(14-05-2012) |
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Two new stock funds launched by Fidelity (Reuters)
(10-05-2012) |
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NY
hedge fund to buy European bank loans, mortgages (Bloomberg)
(08-05-2012)  |
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