Arthur DiRocco, Amaranth's treasurer, led nine employees to Merrill Lynch, where they have set up a new subsidiary, Hedge Fund Infrastructure Services.
Arthur DiRocco, Amaranth's treasurer, led nine employees to Merrill Lynch (nyse: MER - news - people ), where they have set up a new subsidiary, Hedge Fund Infrastructure Services.
He said that Boston-based Eze was providing consulting services to hedge funds and found the needs of funds of funds were largely ignored.
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Just like much of the rest of the financial services industry hedge funds have come under increased pressure by investors since the financial crisis in 2008.
The prime brokerage unit provides services to hedge funds, a lucrative niche business that has grown in importance with the expansion of the hedge fund industry.
Goldman is, in effect, a giant hedge fund with some consulting services attached.
In financial services it has clients among hedge funds, large banks, news data management firms and insurance companies.
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The company is based in Silicon Valley and Shanghai, and its clients include worldwide leaders in game software, hardware, and services, as well as hedge funds, media companies, trade associations, and management consulting firms, all of whom have a vested interest in a thorough understanding of the games industry in Southeast Asian and China.
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While equities encompassing all market capitalizations have been impacted by the market correction, the volatility associated with hedge funds and the massive contraction in financial services have exacerbated pricing disparities among small-cap equities.
Founded in 2009 with an eye toward harnessing the intelligence talent in Israel for use in the corporate sector, Kela does work for insurance companies, pension funds and sovereign wealth funds, but it has found its services are greatly in demand by hedge funds.
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Britain's Financial Services Authority complained this week that investment banks and hedge funds were sloppy and prone to conflicts of interest.
Dan Mathisson, Credit Suisse managing director and head of advanced execution services, believes these massive orders were from quant hedge funds whose algorithms suddenly decided stocks were cheap and sent out huge buy orders, all over 1 million shares each.
"We want to democratize the hedge fund business, " Thierry Gosset, administrative director for financial services of the world's second-largest retailer, told Bloomberg News.
Not long ago, hedge funds were a small, poorly understood and exclusive segment of financial services.
Milberg is also preparing to bring its own class-action suit against the prime brokers on behalf of hedge funds, which also believe they are being overcharged or charged for services not provided.
Manhattan's U.S. attorney says Chilowitz, a former employee in Morgan Stanley's information technology department, stole a list of Morgan Stanley's hedge fund clients and the calculations of rates each paid for prime brokerage services, a booming business for investment banks that includes securities lending and financing.
In both cities, hedge funds are contributing to a trend that is changing the face of financial services.
"We want to democratize the hedge-fund business, " Thierry Gosset, the administrative director for financial services of the world's second-largest retailer, told Bloomberg News.
BlackRock provides investment advisory services on equity, fixed income, cash and alternative investments such as hedge and private equity funds.
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Hedge fund billionaires John and Laura Arnold are interested in funding education reform, health care, social services and social justice.
Federal prosecutors and securities regulators have brought dozens of insider-trading cases involving hedge funds in recent years, often focusing on third-party service providers engaged in expert-networking services.
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Further, subscribers to one of our other services have sold Sprint stock short on the news, and I have done the same in my hedge fund.
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