Hedge fund manager Davide Serra alleges price manipulation in shorting attack on Quindell (Telegraph.co.uk)
Davide Serra, the hedge fund manager who has advised the Government on the future of banking, has complained to regulators on both sides of the Atlantic about last week’s shorting attack on country club-turned-legal outsourcer Quindell Portfolio. The chief executive of hedge fund Algebris Investments told The Telegraph that he holds about a 2pc stake in Quindell. Shares in the Aim-listed company, whose clients include RSA Insurance Group and RAC, plunged 39pc on Tuesday after a US short-seller, Gotham City Research, published a scathing attack which caused almost £950m of its market value to be shed.
Cheyne Capital raids the ranks of poker-playing hedge fund manager (eFinancialCareers)
Cheyne Capital, one of London’s most seasoned hedge funds, has swooped on senior employees of Meditor Capital Management, the $3bn fund that closed its European equities fund in December. Martin Glen, a portfolio manager overseeing the deals desk at Meditor, and Pierre Di Maria, a portfolio manager at the hedge fund, joined Cheyne as partners in April, according to regulatory filings.
Rothschild Group Teams Up With Hedge Fund Seeder Larch Lane (HedgeCo.net)
Rothschild Asset Management, the US asset management business of the Rothschild Group, and employee-owned Larch Lane Advisors have teamed up to establish the Rothschild Larch Lane Management Company LLC. Bringing together two experts in hedge fund investing, the joint venture company will act as the investment advisor for a multi-manager liquid alternatives 40 Act fund that will utilize a risk balanced approach to portfolio construction.
Scottish Widows executives leave after Aberdeen takeover (Reuters)
Investment manager Aberdeen Asset Management said the head of the Scottish Widows funds business it recently bought from Lloyds Banking Group was leaving as part of the unit’s absorption into its new owner. Aberdeen said on Monday that Dean Buckley, chief executive of Scottish Widows Investment Partnership (SWIP), leaves along with Lynda Shillaw, who was director of real estate, Mark Connolly, director of Fixed Income and Will Low, who was director of global equities.
Infamous Hacker ‘Weev’ Went On CNBC To Explain The Fascinating Hedge Fund He’s About To Launch (Business Insider)
Well-known hacker Andrew “Weev” Auernheimer, who released thousands of iPad users’ email addresses to point out a flaw in AT&T Inc. (NYSE:T)’s servers, is starting a hedge fund. His fund will be called “TRO LLC” (clever) and the primary strategy will be to short companies. “The underlying theme is generating financial intelligence from the computer underground and internet communities,” he told CNBC.
