After Career at UBS and Citigroup, Emmanuel starts hedge fund... [more]From Bloomberg.com: Jeff Emmanuel is breaking into the hedge-fund industry after a career spanning equity research, deal making and investment banking at Citigroup Inc. and UBS Group AG. Emmanuel’s Hong Kong-based EFM Asset Management started trading a global stock fund on Nov. 11 with about $20 mil
Hedge fund Stone Milliner's macro fund assets pass $5bn... [more]From Reuters.com: One of Europe's biggest hedge funds betting on currencies and fixed income has passed the $5 billion milestone for assets and looks set to post another peer-beating year, an investor letter seen by Reuters said. The Stone Milliner Macro Fund, run by Anglo-Swiss hedge fund firm Ston
Private equity looks to tap hedge fund growth... [more]From FT.com: Private equity groups and others are increasingly turning to hedge funds as they seek to capitalize on the maturing industry’s rich fees and growth. Credit Suisse is restarting a business that buys minority stakes in hedge fund management businesses, and Goldman Sachs is near to closing
Institutions - UK Railpen pension scheme culls hedge funds... [more]From FT.com: One of the UK’s largest pension schemes has ditched all but two of its external hedge funds in the latest sign of investor frustration with high and opaque fees in the alternative investment industry. Railpen, the pension scheme that oversees $32bn on behalf of 500,000 members, had 10 p
South Africa - Hedge funds cannot be ignored in volatile markets... [more]From Moneyweb.co.za: As the first retail hedge fund gets to the go ahead from the Financial Services Board (FSB) – with many more lining up for the same stamp of approval – Eugene Visagie, head of hedge fund investments at Novare Investments, says that institutional investors cannot continue to igno
Investing - Mutual hedge funds shunned by investors... [more]From FT.com: Alternative mutual funds, which just two years ago accounted for a third of new money flowing into US retail funds, are being shunned by investors due to concerns over performance, regulatory scrutiny and the closure of some products.
Investors flocked to mutual hedge funds in the
…And Finally - Officer fired after singing on duty with death metal band... [more]From AP.CNSnews.com: A Florida police officer has been fired after singing a song titled "Let the Killing Begin" with a death metal band — while on duty and in uniform.
The Orlando Sentinel reports that Sanford Police Officer Andrew Ricks had previously notified the city he would leave his job