News

Future Capital Partners, a £6 billion alternative investment boutique, has tapped Alan Cross to serve as business development manager.

UK-based hedge fund firm Insparo Asset Management has appointed Man Investments’ Emma Robinson to the role of investor relations manager.

UK-based Mondis Capital last month made its foray into the hedge fund space with the debut of its Mondis Growth Fund, a global macro offering. The Cayman Islands-domiciled vehicle has a long equity bias but can also invest in bonds, commodities, currencies, exchange traded funds and managed futures assets.

Hedge fund and private equity managers will pay higher taxes on their share of their funds’ profits, but not just yet.

It could cost Goldman as much as $621 million to settle the Securities and Exchange Commission’s charges against it, a Sanford C. Bernstein & Co. analyst said yesterday.

One of the victims of the scam, which included the widow of billionaire Paul Mellon, was an unidentified hedge fund manager, according to the charges against Kenneth Starr filed in Manhattan federal court.

Millennium Management is boosting its presence in Asia, naming the Lehman Brothers’ former head of Asian investment banking as its new chairman in the region.

The hedge fund that won the rights to “The Terminator” action movie franchise in February is moving forward with plans to unload the asset.

Whatever her motivations—citizenship, revenge or something else—the ex-wife of the former Pequot Capital Management employee at the center of the insider-trading allegations against the hedge fund probably won’t leave empty-handed.

Citigroup has agreed to pay $1.5 million to settle charges that its supervisory failures allowed one of its brokers and two customers to misappropriate some $60 million in cemetery trust fund money, including hedge fund investments.