PIMCO names managing director for global fixed income (PIOnline)
Mohsen Fahmi was named managing director and generalist portfolio manager at Pacific Investment Management Co., a news release said. It is a newly created position, said Mark Porterfield, spokesman, in an e-mail. Mr. Fahmi had been a senior portfolio manager at hedge fund Moore Capital Management, Sharron Silvers, spokeswoman, said in an e-mail. She would not provide further information.
Northern Trust hires 2 for hedge funds-of-funds unit (PIOnline)
Tristan Thomas and Greg Jones joined the hedge funds-of-funds unit of Northern Trust Asset Management. Mr. Thomas is director of portfolio strategy, responsible for hedge funds-of-funds portfolio construction and monitoring as well as the development of customized hedge fund-of-funds portfolios. Mr. Jones is an analyst, covering global macro, relative value and managed futures hedge funds.
Elliott Casts Wide Net For Argentine ‘Corruption’ (Finalternatives)
Both sides in Argentina’s debt dispute appear to be digging in their heels, as one major bank fears it will be caught in the crosshairs. Elliott Management, one of the hedge-fund holdouts from Argentina’s 2001 default, plans to issue a number of subpoenas this week to companies tied to Argentine business Lazaro Baez, who is accused of embezzling millions from the country. The firm won the right to do so from a federal judge in Nevada last week.
California environmentalist shakes up Florida race (FloridaToday)
A California billionaire environmentalist is pouring millions of dollars into the Florida governor’s race to buy television ads attacking Gov. Rick Scott as a friend of polluters and utility companies, giving the campaign of Democratic front-runner Charlie Crist a boost as polls show a tightening race. Former hedge fund manager Tom Steyer has put both Scott and the Florida Republican Party on the defensive, prompting them to hit back with their own ads attacking Steyer as a hypocrite. They have also sent letters threatening television stations with lawsuits if they carry the ads, which Scott’s lawyers say are misleading and defamatory. So far, one Fort Myers station has stopped running them.
Meritage To Sub-Advise On Alternatives For Kanaly Clients (Finalternatives)
Houston, Tex.-based Kanaly Trust has partnered with Meritage Capital to offer alternative investment solutions to its high-net-worth investors. “As Kanaly sees itself as a firm that listens to clients and advises them on innovative ways they can meet their investment goals, we believe that incorporating alternative investment strategies into a portfolio can improve returns and hedge risks associated with today’s elevated stock and bond prices,” said Kanaly CIO James Shelton in a statement.
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