Team Hedge Fund

Archive for June, 2009

Hedge Fund Startup Example

A good article was put out by Dealbook this week on hedge fund startups, why they are launching funds right now and how they are doing. This particular article provides an example of a young fund in London ran by very experienced professionals in the industry. I think these types of articles are great as many articles put out on hedge funds today written about the whole industry and not on young hedge funds or about many individual funds, here is the excerpt from this article:

In a small office in London’s upscale West End, three veterans of high finance are getting ready to start their own hedge fund.

It’s a scene that was common enough in the world’s financial hubs during the boom years. But in the post-Lehman, post-Madoff and post-credit-crunch world, starting a hedge fund has become harder, riskier and potentially less lucrative. So why do it? That’s what DealBook recently asked Mahmood Noorani, one of the founding partners of the new London-based fund, Gyldmark Liquid Macro Fund.

“We think it presents an opportunity to finally do things right,” he said about the timing of the new venture. “And it was the events of 2008 that convinced us that the right time is now for what we want to do.”

Mr. Noorani, along with his partners, Alastair Hollingdale and George Hatjoullis, may represent the new face of the hedge fund start-up: arrogance and mystery are out; liquidity and transparency are in. source

Learn more about hedge fund startups at http://HedgeFundStartupGuru.com

Related to Hedge Fund Startup Example | Why Start Now?

1. Top 5 Tips for Starting a Hedge Fund (Part 1 of 2)
2. Top 5 Tips for Starting a Hedge Fund (Part 2 of 2)
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Tags: hedge fund, hedge funds, hedge fund startup, hedge fund capital raising help, help in starting a hedge fund, hedge fund startup advice, hedge fund small business tools

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Bernard Madoff Prison Sentence

Bernard Maddoff has been sentenced to 150 years in jail. There are hundreds of stories out on this today but this one by Bloomberg below is one of the better ones:

Bernard Madoff was sentenced to 150 years for masterminding the largest Ponzi scheme in history, six times longer than the penalties meted out to the chief executives of WorldCom Inc. and Enron Corp.

Madoff appeared in court today before U.S. District Judge Denny Chin for the first time since his March 12 guilty plea for an epic swindle that may have reached $65 billion.

“I don’t ask for any forgiveness,” Madoff, 71, told Chin. He said he deceived his brothers, his two sons and his wife, none of whom was in the court. The courtroom burst into applause as Chin imposed the sentence.

Madoff pleaded guilty to securities fraud, mail fraud, wire fraud, investment adviser fraud, three counts of money laundering, false statements, perjury, false filings with the SEC and theft from an employee benefit plan. source

To read more about Hedge Fund Regulation, Compliance and Related Fraud please click here.

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• Bernard Madoff Case & Hedge Fund Fraud

Tags: Bernard Madoff, Madoff prison sentence, Bernard madoff prison sentence, Bernard madoff prison sentence of 150 years, prison sentence of 150 years for bernard madoff

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“The Bank for International Settlements said there’s a risk central banks will raise in”
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“Nice interactive graphic from WSJ showing a breakdown of the funds funneling cash into large banks via all manner of Treasury and Federal Reserve programs, including”
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San Diego’s payroll ballooned by $41 million last year, fueled by unpublicized payouts, labor settlements and costly benefits, an analysis by The San Diego Union-Tribune has found.

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“The proposal also calls for postponing raises for thousands of workers to balance the budget without layoffs or closing City Hall twice a month. But one union threatens a court challenge.”
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“Swindler Bernard Madoff was sentenced to 150 years, a federal judge ruled Monday, calling his claims less than compelling.”
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“Mad props once again to Zerohedge who shone the bright light on Freddie’s latest screed.

I’m not going to take from their discussion of The Fed buying up paper at what will (almost certainly) lead to ruinous losses – you can find that there. Rather, I am going to look at some of the internals from the document published that they didn’t focus on.”
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Below please find a short video interview with Richard Dukas on Fox Business News regarding public relations and importance of using public relations best practices to help manage your public image and spread the rights words about your firm. I mentioned these types of PR services within my speech, Top 5 Hedge Fund Marketing Best Practices last week at the Marcus Evans Fund of Funds Conference in Florida. I will be posting that video speech later this week.

Full Disclosure Note: Dukas PR has been a great long-term supporter of HedgeFundBlogger.com by sponsoring articles such as this one. Learn more about Dukas PR at www.DukasPR.com.

Related to Investment Public Relations Video Interview

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Tags: Investment Public Relations, Investment PR Strategies, PR tactics for investment firms, Public Relations services, PR Services for Investment Industry, hedge fund PR

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Roy H. Callahan has been selected as portfolio manager and member of the investment committee at alternative investment firm, Coast Asset Management, LLC
firm’s , effective June 15.

“We are thrilled that Roy Callahan has agreed to rejoin our team,” said David Smith, president of Coast. “Roy brings a wealth of knowledge and alternative investments expertise that will be invaluable as we continue to steer Coast through the challenges brought on by the global recession.”

Callahan joins Coast from Stratos Advisers, a southern California-based hedge fund of funds manager. Previously, Callahan worked at Financial Risk Management (FRM) where his responsibilities included serving on the investment and portfolio management committees as well as training and mentoring FRM investment analyst groups. He spent six years from 1994-2000 at Santa Monica, CA-based Coast as director of research where he helped Coast founder David Smith develop and launch the firm’s initial multi-manager investment strategies.

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