News

BlueGold Capital Management has lured a metal analyst from a fellow commodities hedge fund.

New York hedge fund D.E. Shaw Group is poised to go into business with Indian energy giant Reliance Industries.

The two firms plan to launch a joint-venture infrastructure fund totaling US$700 million to US$800 million. The move could be the first in a series of business ventures for D.E. Shaw and Indian billionaire Mukesh Ambani’s Reliance.

Collapsed Australian hedge fund Basis Capital has said that if Goldman Sachs’ bid to dismiss its $1 billion lawsuit is successful, it would render U.S. securities laws useless.

A new hedge fund aims to fill a very, very specific market niche: A string of high-end resorts catering to the well-heeled and lead-footed. The Princes Gate Group’s new Opportunistic Real Estate program will fund a series of “resorts centered on the passion for exclusive sports cars,” which Princes Gate promises is “a market niche that has so far remained unexplored.” The first “Tycoonaire Gentlemen Sport Driving Resort” is expected break ground on the French Riviera as early as next year, with future locations in equally exquisite places planned.

Jean Keller, CEO of fund of hedge funds 3A, has resigned to join a boutique asset management firm.

The Alternative Investment Management Association is heading across the Atlantic for a bit of lobbying in Washington, D.C.

AR magazine will respond next week to Elliott Management’s move to force the publication to hand over the identity of the person who leaked the magazine a copy of the hedge fund’s most recent investor letter.

Hedge fund custodian RBC Dexia Investor Services has hired David Dibben to head its global fund products group.

Law firm Sidley Austin has hired Alyssa Grikscheit as a partner in the Latin America and investment funds, advisers and derivatives practices.

The Securities and Exchange Commission has sought—and received—information from a New Jersey hedge fund that specializes in private investments in public equities.

Yorkville Advisors told investors that it had complied with the regulator’s request. The 2009 audited financial statements for the Jersey City firm’s flagship hedge fund said the SEC asked it to “supply certain information” last August, but did not indicate what information the regulator sought or what the SEC was investigating, if anything.