News

The former head of Galleon Group’s quantitative statistical arbitrage arm has launched his own hedge fund strategy with $150 million.

Tudor Investment Corp. partner Jeffrey Silverman has joined boutique investment bank Perella Weinberg Partners.

Energy and utilities hedge fund Copia Capital has completed its spin-off from FrontPoint Partners, the Chicago-based firm said today.

Twice as many new hedge funds raised three times as much money from investors in the first half of this year as compared to the first half of last year.

Henry Kravis and George Roberts each earned $22 million last year at Kohlberg Kravis Roberts, the private equity giant they co-founded in 1976.

Hedge funds shed 0.94% last month, extending their year-to-date loss to 1.2%, according to new figures from Hedge Fund Research.

The former head of convertible bond trading at Goldman Sachs has launched a Japan-focused hedge fund with plans to increase the size of the vehicle by more than US$300 million.

Round Rock Capital Advisors’ R-SQUARED Master Fund debuted on April 1 with ¥1.36 billion (US$15.5 million). But Tan Maruyama, the Goldman vet behind the Tokyo-based firm, has also seen that grow to ¥1.6 (US$18.2 million), and hopes to have ¥10 billion (US$114 million) in assets under management within a year, and a whopping ¥30 billion (US$342.1 million) within 18 months.

Quantitative Investment Management appears to have bucked the trends facing both its fellow commodity-trading advisors and the hedge fund industry generally in June with a 0.42% return.

Highland Capital Management manipulated the net asset value of some of its hedge funds, a JPMorgan Chase employee alleges.

The former IBM executive who pleaded guilty to tipping off one of the two main defendants in the Galleon Group insider-trading case admits to having an affair with that defendant, former New Castle Partners executive Danielle Chiesi. But Robert Moffat insists that it was not about sex: It was about “clarity in the business environment,” he told Fortune magazine.