JAT Capital Fund Up 31% YTD (Bloomberg)
John A. Thaler’s $3 billion global long-short hedge fund, JAT Capital Management LP, jumped 31 percent this year through September as the manager’s market- neutral stance and short positions drove returns, according to four people familiar with the matter.
New Mexico Pension Announces It has No Plans to Leave Paulson (FINAlternatives)
Clive Capital Returned 11.4% in September (Bloomberg)
Clive Capital LLP’s $4 billion commodity hedge fund returned 11.4 percent in September, eliminating its loss for the year, according to two people with direct knowledge of the figures.
Harbinger Develops Exit Strategy for Redeemers (FINAlternatives)
Harbinger Capital Management has an exit strategy for clients who’ve been stuck with the firm since it suspended or restricted redemptions three years ago.
David Taylor Leaves Dynamic Funds (FINAlternatives)
One of the top managers at Canadian fund family Dynamic Funds has left the firm just months after its parent was acquired by the Bank of Nova Scotia. David Taylor managed several mutual funds and a hedge fund at Dynamic, which was part of DundeeWealth. All told, he was responsible for some C$8 billion in assets.
Tiger Cub John Jahng Launches Hedge Fund Extolia (FINAlternatives)
Get ready for another cub of a Tiger Cub. John Jahng, formerly of Tiger Asia Management, is set to launch a hedge fund of his own. Jahng’s Extolia Management should launch with about US$50 million in commitments from between 10 and 20 investors, HFMWeek reports.
Kimelman Gets 2.5 Years in Goffer Case (WashingtonPost)
A Wall Street trader convicted in a massive probe of insider trading at hedge funds was sentenced to 2½ years in prison Wednesday by a judge who said he should have known better because he was a former lawyer who knew the seriousness of his crime. Michael Kimelman, 40, of Larchmont, was also ordered to pay forfeiture in the amount of $289,079 after his June conviction on a charge of conspiring to trade on confidential information.
Murrin, Payne Split Business After Separation (Reuters)
David Murrin and Susan Payne, the UK-based husband and wife hedge fund team accused by one U.S. thinktank of fuelling and exploiting a global commodity crisis, are to split the two businesses they founded together after agreeing to separate.
Stone Tower Opens European Office (FINAlternatives)
New York hedge fund Stone Tower Capital has opened its first office in Europe as it seeks to increase its presence on that continent. The $20 billion credit specialist said it created a subsidiary in Dublin. The new office is led by Tim Richards, who will oversee Stone Tower’s expansion in Europe along with Alan Kelly.
