Hedge fund investor George Soros has hired former Goldman, Sachs & Co. executive Mark Schwartz, 48, to become president and chief executive officer at Soros Fund Management, effective January 1, 2003. Schwartz will replace William Stack, 55, who will leave
Liberty Ermitage today announced the launch of the Strategic Partners Fund, a fund of funds mainly investing in European based, early stage hedge fund managers. The fund will be seeded with $50 million of proprietary capital and will generate returns
ING's US financial services operations announced today that its retail mutual fund unit, ING Funds, has launched the ING Principal Protection Fund V (IPPF V), a mutual fund with a five year period of guarantee of principal. ING's four most
The initial product launch, which will trade with December 2002 contracts as the front month, include Bank of America Corp., Best Buy Co. Inc., Brocade Communications Systems Inc., Citigroup, Dell Computer, Exxon Mobil Corp., General Electric, Goldman Sachs Group Inc.,
The September 16th order from the state supervisor of public records to turn over venture capital performance, requested by businessman Mark O'Hare, would jeopardized future venture capital investments, fears PRIT. PRIT claims "they were threatened with litigation by the investment
Global Investment Advisors Limited ("GIA"), a London based investment management firm specialising in global fixed income fund management and alternative investment strategies owned by Integrated Asset Management, today announced that the multi strategy fund of funds GAIM Hedge Fund ("GAIM"
General Electric plans to scale back its money losing, $3 billion private equity arm to shield its bottom line from "volatile investments." GE Equity will notify some of the 135 employees that jobs will be cut in the coming weeks,
Hedgeworld.com will contain much more detailed information on hedge funds to paying subscribers. These quarterly reports will include information on specific fund inflows and outflows and TASS's analysis on trends. TASS, a division of hedge fund advisor Tremont Adviser, currently
HSBC continues its drive into the hedge fund business with the appointment of two experienced hedge fund managers from Bessent Capital. HSBC Alternative Investments Limited (HAIL) has appointed Vincent Bourgeois and Michael O'Mara to jointly manage a new European equity
Platinum Capital Management Limited, the London based fund of funds group, says Sebastien Sainsbury has joined the Platinum's Risk Management Advisory Committee. Sainsbury, currently an independent consultant, was previously a Director of UBS AG Private Bank and AIG International Ltd.