• Investment Dealers' Digest one-month trial subscription
• IDDMagazine.com one-month trial subscription
• Free e-newsletters
• Free whitepapers

Hedge Funds

Odeon Expands to Europe with Joint Venture

August 11, 2010 - The firm has created a joint venture with London-based Hobart Capital Markets called Odeon Hobart Partners, a new division located in London that will focus on high yield transactions.

BTIG Hires Director For Equity Sales Trading Business

August 10, 2010 - BTIG, a broker dealer specializing in institutional trading and related brokerage services, said on Tuesday it hired Michael Nethercott as a director in equity sales trading.

Hennessee Hedge Fund Index Lagged Equity Markets in July

August 9, 2010 - The Hennessee Hedge Fund Index, a measure of more than 1,000 funds tracked by the firm, gained 1.91% in July, while the S&P 500 rose 6.88%, the Dow Jones Industrial Average was up 7.08%, and the NASDAQ climbed 6.90%.

Och-Ziff Reports $89.4M Second Quarter Loss

August 3, 2010 - Och-Ziff Capital Management Group LLC, a multi-strategy hedge fund manager, said on Tuesday it recorded a GAAP net loss of $89.4 million, or $1.05 per share, in the second quarter.

New Timeshare ABS Deal Closes Amid Market Uncertainty

July 26, 2010 - Wyndham Worldwide Corp. said it completed a term securitization transaction involving the issuance of $350 million of investment-grade ABS notes called Sierra Timeshare 2010-2 Receivables Funding.

Carl Mason Rejoins UBS as Equity Derivatives Strategist

July 23, 2010 - Carl Mason is rejoining UBS AG as executive director and equity derivatives strategist.

Knight Capital Loses Bond Pro

July 22, 2010 - Gary Katcher, executive vice president and head of global institutional fixed-income at Knight Capital Group, has resigned from his position, the Jersey City-based firm said Thursday.

BTIG Hires Seven In Fixed Income

July 21, 2010 - BTIG hired seven professionals in its fixed income business, the broker dealer said Wednesday.

BNY Mellon Names Global Business Head

July 20, 2010 - BNY Mellon has named Patrick Tadie to the newly created role of global business head for the firm’s Derivatives360 initiative.

Deutsche Bank Hires Head of Global Markets for North America

July 13, 2010 - Deutsche Bank hired Jeffrey Mayer as head of global markets for North America, managing the bank’s sales and trading business in the region, the bank said Tuesday.

University of Maine Cuts Down on Equity Allocations

July 13, 2010 - The University of Maine System (UMS) Board of Trustees on Monday modified its investment pool commitments to equity and bond investments and it restructured its hedge fund portfolio.

Hedge Funds Turn in Fourth Worst First Half

July 12, 2010 - Hedge funds turned in the fourth worst performance in a first half since 1987, driven by losses in the broad equity markets, the global economic slowdown and sovereign debt crisis in Europe, the Hennessee Group, an adviser to hedge fund investors, said Monday.

Gauging Impact of Volcker Rule

July 9, 2010 - If the latest version of financial reform becomes law as expected, banks would lose a lucrative but wildly unpredictable source of profits scaling back so-called alternative investments over the next several years.

Blackstone Names New Chief Legal Officer

July 8, 2010 - The Blackstone Group said on Thursday that John Finley will join the private eguity investment firm as a senior managing director and its chief legal officer.

House Approves Historic Reg Reform Bill

July 1, 2010 - The House passed a mammoth financial reform bill late Wednesday 237 to 192, sending the bill to the Senate, which is not expected to act until later this month.