Sunday, 31 August 2014
Last updated 1 day ago
Jul 18 2012 | 2:08am ET
It didn't take long for Tyrus Capital to get in trouble, but it has taken the hedge fund until now to resolve it.
The Monaco-based firm, the largest European hedge fund launch of 2009, has agreed to pay almost US$5 million to settle market fraud allegations in Brazil. The 10 million real settlement closes the Comissão de Valores Mobiliáros' probe into a "fraudulent operation" at Tyrus.
That operation came in November 2009, just six months after the firm launched its maiden hedge fund with US$800 million. Brazilian regulators had focused on Tyrus' stake in telecommunications company GVT—which accounted for almost the entire Tyrus Capital Event Fund, launched that month, and which was used to help Vivendi take control of GVT.
According to the CVM, Tyrus knew of Vivendi's plans almost a week before they became public.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...