U.S.-based Viking Global Investors has reopened its flagship long/short hedge fund for new capital having closed it more than a decade ago, according to three people familiar with the matter, as industry-wide equity hedge fund returns strengthen. Led by co-founder and Chief Executive Officer Andreas Halvorsen, Viking ended June with $26 billion in public equity assets under management, according to it website…
A former employee of George A. Weiss and his GWA firm has sued the investment manager for ERISA violations ranging from self-dealing to a lack of diversification in the company’s 401(k) plan. The retirement plan used its assets “to advance the business interests of GWA LLC and its founder, George A. Weiss, over those plan participants,” said the complaint in Beth Andrew-Berry vs. George A. Weiss and GWA LLC…
The former director of human resources at alternatives specialist Weiss-Multi-Strategy Advisers has sued the company, adviser subsidiary and retirement plan trustee George A. Weiss. Hedge fund manager GWA, LLC and George A. Weiss, founder and CEO of the company’s investment adviser subsidiary Weiss Multi-Strategy Advisers LLC, are facing a class action complaint filed on July 24 alleging violations of fiduciary duty and prohibited transactions provisions of the Employee Retirement Income Security Act by fiduciaries for the GWA, LLC 401(k) profit sharing plan…
