Hedge fund launch put off after Ex-Goldman manager Ruzika's stroke
Dublin Hill Capital, the investment firm co-founded by Richard Ruzika, former chief of Goldman Sachs Group Inc.'s special situations group, suspended plans to start a hedge fund after Ruzika suffered a stroke. Ruzika, 53, is in intensive care in a Connecticut hospital after the April 22 stroke, which came three days after having surgery on his left knee, Joe Howley, Ruzika's business partner, said in a telephone interview today. "He won't be able to work for the immediate future," Howley said. (www.sfgate.com)
Chesapeake CEO ran secret $200-million hedge fund
As chairman and CEO of Chesapeake Energy Corp, Aubrey McClendon has been a powerhouse in the vast U.S. natural gas market, directing the company’s multibillion dollar energy-trading operation and setting output targets for America’s second-largest producer. Behind the scenes, a Reuters investigation has found, McClendon also ran a lucrative business on the side: a US$200 million hedge fund that traded in the same commodities Chesapeake produces. (www.financialpost.com:)
Blackstone teams with State Street for senior loan ETF
… In response to the growing demand, Blackstone is partnering with State Street Global Advisors to launch a new senior loan exchange traded fund. The SPDR Blackstone/GSO Senior Loan ETF will try to outperform the S&P/LSTA U.S. Leveraged Loan 100 Index as it invests at least 80% of its ne......................
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