Hedge Fund Highlights: Ray Dalio, George Soros, LinkedIn Corp (LNKD)

KPMG Hires Hedge Fund Expert Cross (FINalternatives)
KPMG has added a hedge-fund industry veteran to boost its alternative investments team in the southeastern U.S. Michael Cross was named director of account relationships at the firm, where he will both handle existing clients and drum up new business among hedge funds, private-equity firms and real-estate fund managers. Cross has spent the past six years in alternative investments business development. Prior to that, he was a hedge-fund fundraiser and broker/dealer. He’s also the president of the Southeastern Hedge Fund Association and active in several other industry groups.

Hedge funds reap rewards from bet on Lehman Europe carcass (Hedgeworld)
Hedge funds which gambled on how much money would be recovered from the bankrupt carcass of Lehman Brothers are set to make hundreds of millions of pounds from a full payout to creditors of the European arm. Five years on from the collapse, payouts to Lehman’s creditors in Europe are on course to top 100 percent sometime next year, following a recovery of assets by administrators and legal victories over other parts of the ex-U.S. investment bank. “We were reasonably confident there would be some significant funds, but never in our wildest dreams would we have thought it would be 100 pence in the pound,” said Tony Lomas, joint administrator for Lehman Brothers International Europe (LBIE) and partner at PricewaterhouseCoopers.

Hedge fund group Ramius and Ramius Alternative Solutions extend partnership (Opalesque)
Ramius LLC, (“Ramius”) the global investment management business of Cowen Group, Inc. (NASDAQ:COWN) (“Cowen”, today announced that it has entered into an agreement for the long-term extension of its partnership with Ramius Alternative Solutions, LLC (“RASL”) portfolio managers, Stuart Davies and Vikas Kapoor. RASL offers a range of customized hedge fund investment and advisory solutions with approximately $2.9 billion in assets under management as of August 1, 2013. Under the agreement, a new operating committee has been established to oversee the business consisting of Michael Singer, Chief Executive Officer of Ramius; Thomas W. Strauss, Chairman of Ramius and Vice Chairman of Cowen Group, Inc.; Stuart Davies, Co-CEO of RASL; and Vikas Kapoor, Co-CEO of RASL.

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