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NEW YORK (HedgeWorld.com) - Fairfield Greenwich Group, a $16.1 billion New York-based alternative investment firm, has launched a new marketing unit that will act as a placement agent for third- party hedge funds, the firm said Thursday [Jan. 17].
The move illustrates the importance for some hedge fund managers that have reached a critical mass to diversify their business and expand it into areas other than pure investing, such as, in this case, sales. Other large firms have moved into different businesses as well. For instance Citadel Investment Group LLC last year launched a new fund administration unit and beefed up its clearing and brokerage activities.
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BOSTON (Reuters) - Fairfield Greenwich Group filed legal papers on Wednesday [April 29] rejecting accusations by Massachusetts' securities regulator that the hedge fund firm misled investors while funneling billions of dollars into Bernard Madoff's Ponzi scheme.
The complaint here was rushed into existence and is so filled with errors and factual distortions as to completely misstate the conduct of the companies that make up the Fairfield Greenwich Group," the hedge-fund firm said of the Massachusetts lawsuit filed on April 1.
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... feeder funds that invested with Madoff, Fairfield Greenwhich Group's (FGG) Fairfield Sentry fund, in... of the feeder funds, like Fairfield Greenwich, failed to do their due diligence and thus remaine...
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NEW YORK (Reuters) - The trustee for Bernard Madoff on Monday [May 18] sued funds run by Fairfield Greenwich Group, the confessed swindler's largest "feeder fund," for $3.5 billion, claiming it should have been aware he was engaged in fraud.
Connecticut-based Fairfield Greenwich Group "worked closely" with Mr. Madoff and "knew or should have known" that he was engaged in fraud, according to documents that Mr. Madoff's trustee Mr. Picard filed in Manhattan bankruptcy court.
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NEW YORK (HedgeWorld.com) - Fairfield Greenwich Advisors LLC, part of New York-headquartered Fairfield Greenwich Group, named Timothy Hynes a portfolio manager of Windward Capital LP and its two feeder funds, Arlington International Fund Ltd. and Belmont Investors LP
Windward, a vehicle with a broad event-driven strategy that was started in 1999, has more than US$300 million in assets. The group as a whole manages more than US$8 billion. Mr. Hynes joins principal portfolio manager Kim Morris and portfolio manager Eric Sacks.
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- Connecticut Resources Recovery Authority, and the Towns of Trumbull, Fairfield and Monroe, Connecticut, Plaintiffs-Appellants, Town of Greenwich, Connecticut, Intervenor-Plaintiff, v. Occidental Petroleum Corporation, Occidental Resource Recovery Systems, Inc., and Compaction Systems of Bridgeport, Inc., Defendants-Appellees, Resource Recovery Associates, Inc., and Cea-Oxy Resource Recovery Associates, Defendants., 705 F.2d 31 (2nd Cir. 1983)
W. Cullen MacDonald, New York City (Richard L. Sigal, Frederick C. Bauman, Thomas W. Pippert, Hawkins, Delafield & Wood, New York City, and John C. Ya...
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NEW YORK - A company that is part of New York-headquartered Fairfield Greenwich Group has formed a joint venture with Straits Lion Asset Management Ltd. - one of Singapore's largest money managers.
The new firm, Fairfield Straits Lion Asset Management, will create and distribute hedge fund products for Asian customers. It will work out of Singapore, drawing on Greenwich's experience with seeding and investing in hedge funds and Straits Lion's market expertise and Asian contacts.
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STATE OPEN CHAMPIONSHIP (At New Haven)
Top 10 team scores: 1. Greenwich, 486.5; 2. Fairfield Prep, 458; 3. Pomperaug, 385.5; 4. New Canaan, 380; 5. Ridgefield, 278; 6. Xavier, 183; 7. Staples, 176; 8. Westhill/Stamford, 172; 9. Torrington, 152; 10. Glastonbury, 151.
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NEW YORK (HedgeWorld.com) - David S. Upson III has joined Fairfield Greenwich Group as a senior member of the hedge funds firm's investment team.
The hire is part of the ongoing expansion of the US$9 billion firm, which offers internal and external single manager strategies, multi-strategy funds, funds of funds, real estate funds and structured products.
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BOSTON -- In one of the first recoveries in the $60 billion Madoff fiasco, Hedge Fund Fairfield Greenwich Advisors, who diverted money to convicted ki...