Fortress Said to Start Asia Macro Hedge Fund Run by Levinson (Bloomberg)
Fortress Investment Group LLC (FIG), the buyout and hedge-fund firm run by Daniel Mudd, started an Asia-focused macro hedge fund that it aims to grow to $500 million, three people with knowledge of its plan said. The Fortress Asia Macro Fund has started trading with the firm’s own money and that of a few clients, the people said, asking not to be identified because the information is private. The fund is set to attract more money starting in April, when investors make their allocations, the people said. Gordon Runte, a New York-based spokesman, declined to comment.
Massachusetts Hedge Fund Faces State Insider Case (WSJ)
Massachusetts’s securities regulator moved to shut down a small Cambridge hedge fund Wednesday after charging it and its manager with using an expert consultant to obtain inside information on two pharmaceutical companies. In an administrative complaint, William Galvin, the Secretary of the Commonwealth, charged James Silverman and his fund, Risk Reward Capital Management, with using the expert-network firm Guidepoint Global to get inside information on clinical trials that helped him to “score dramatic returns” for his fund, which had $24 million of assets as of November.
0 Yorum Var.:
Yorum Gönder