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	<title>Operational Due Diligence</title>
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	<description>Hedge Fund Operational Due Diligence Managers Forum</description>
	<lastBuildDate>Fri, 18 May 2012 19:39:09 +0000</lastBuildDate>
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		<title>Kyne, Michael Brendan (goes by Brendan) of Leeward Capital Management, Inc.</title>
		<link>http://www.checkfundmanager.net/diligence/?p=3107</link>
		<comments>http://www.checkfundmanager.net/diligence/?p=3107#comments</comments>
		<pubDate>Fri, 18 May 2012 19:39:09 +0000</pubDate>
		<dc:creator>Christina A.</dc:creator>
				<category><![CDATA[Fund Managers]]></category>

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		<description><![CDATA[Michael Brendan (goes by Brendan) Kyne of Leeward Capital Management, Inc.]]></description>
			<content:encoded><![CDATA[<p>Michael Brendan (goes by Brendan) Kyne of Leeward Capital Management, Inc.</p>
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		<title>Ireland, George Ring of Geologic Resource Partners, LLC</title>
		<link>http://www.checkfundmanager.net/diligence/?p=3106</link>
		<comments>http://www.checkfundmanager.net/diligence/?p=3106#comments</comments>
		<pubDate>Fri, 18 May 2012 19:38:31 +0000</pubDate>
		<dc:creator>Christina A.</dc:creator>
				<category><![CDATA[Fund Managers]]></category>

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		<description><![CDATA[George Ring Ireland of Geologic Resource Partners, LLC Media Releases George Ireland, CIO at Geologic Resource Partners LLC, announced that it acquired 10 million shares of Crescent Gold Limited. Geologic previously owned 19 million shares of Crescent (June 2006). George &#8230; <a href="http://www.checkfundmanager.net/diligence/?p=3106">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>George Ring Ireland of Geologic Resource Partners, LLC</p>
<div style="text-align: center; font-weight: bold">Media Releases</div>
<p>George Ireland, CIO at Geologic Resource Partners LLC, announced that it acquired 10 million shares of Crescent Gold Limited. Geologic previously owned 19 million shares of Crescent (June 2006).</p>
<p>George Ireland is a Director of Peru Copper Inc. In addition, Mr. Ireland is President of GRI Holdings LLC, an investment management company that manages Ring Partners L.P., a Colorado limited partnership, and Geologic Resource Fund Ltd., a Grand Cayman investment company, which position he has held since June 2000. Prior to such time, Mr. Ireland was an analyst at Knott Partners L.P., a Delaware limited partnership, since May 1993. Mr. Ireland has also been a director of Uranium Resources, Inc. since June 1995. (2006).</p>
<p>Geologic Resource Partners LLC announced that it purchased 1.7 million common shares and 850,000 share purchase warrants of Platinum Group Metals Ltd. Geologic now owns roughly 3.8 million shares of Platinum (April 2006).</p>
<p>George Ireland is a Director of Uranium Resources Inc., which was formed in 1977 and incorporated in the state of Delaware in 1987 to acquire, explore and develop properties for the mining of uranium (2006).</p>
<p>Forbes.com has an online biography of George Ireland as Director of Uranium Resources, Inc. (2006).</p>
<p>George Ireland of Geologic was appointed to the Board of Directors of Geoinformatics (Nov 2005).</p>
<p>George Ireland is mentioned in the newsletter for Alumni of the Department of Geological Sciences University of Michigan, Ann Arbor, Michigan (Dec 1999).</p>
<p>George R. Ireland is nominated to serve on the board of Uranium Resources Inc. (Dec 1995).</p>
<p>New York Times announced the wedding of Elisabeth Trefz Williams to George Ring Ireland (Jan 1986).</p>
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		<title>Halet, Eric Thierry Jean of Algebris Investments (UK), LLP</title>
		<link>http://www.checkfundmanager.net/diligence/?p=3105</link>
		<comments>http://www.checkfundmanager.net/diligence/?p=3105#comments</comments>
		<pubDate>Fri, 18 May 2012 19:37:16 +0000</pubDate>
		<dc:creator>Christina A.</dc:creator>
				<category><![CDATA[Fund Managers]]></category>

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		<description><![CDATA[Eric Thierry Jean Halet of Algebris Investments (UK), LLP Media Releases Algebris Investments is a London-based asset manager which manages the Algebris Global Financials Master Fund, which was launched by Davide Serra and Eric Halet on 1 October 2006. October &#8230; <a href="http://www.checkfundmanager.net/diligence/?p=3105">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>Eric Thierry Jean Halet of Algebris Investments (UK), LLP</p>
<div style="text-align: center; font-weight: bold">Media Releases</div>
<p>Algebris Investments is a London-based asset manager which manages the Algebris Global Financials Master Fund, which was launched by Davide Serra and Eric Halet on 1 October 2006.</p>
<p>October 2009 &#8211; Algebris Investments (UK), LLP, a UK-based asset management company, has acquired 2,037,000 shares, representing a 5.16% stake, in Gruppo MutuiOnline S.p.A., an Italy-based consumer finance company.</p>
<p>August 2009 &#8211; Algebris Investments holds over 3 million shares of Webster Financial.</p>
<p>Yvonne Yeoh, formerly an associate partner and portfolio manager at Algebris Investments (UK) L.L.P., left the firm in March 2009.</p>
<p>July 2008 &#8211; At this stage we have to admit that, with the subprime crisis and credit crunch, the Anglo-Saxon banking model has hardly covered itself in glory. All the same, its champion in the new struggle was Davide Serra, an Italian who ran a hedge fund in London, which probably sums up the worst nightmare for Italy&#8217;s old guard. Mr. Serra is one of two managers of Algebris Investments which controls $2.5 billion, and he decided to try a bit of shareholder activism with an insurance company, Assicurazioni Generali. Founded in 1831, Generali is Italy&#8217;s largest insurer, the third largest in Europe, and its headquarters are in Trieste. Rather unusually, it has not one but two chief executives as well as a non-executive chairman, who acts like a hands-on member of the management team.</p>
<p>May 2008 &#8211; Assicurazioni Generali SpA activist shareholder Algebris Investments (UK) LLP said it will not mount a legal challenge against the appointment of Eugenio Colucci as chairman of Generali&#8217;s internal audit panel.</p>
<p>April 2008 &#8211; MILAN Some of the richest and most powerful executives in Europe are scheduled to meet in the Italian city of Trieste this weekend to discuss the fortunes of one of the Continent&#8217;s most valuable companies, Assicurazioni Generali. And the tiny British activist fund Algebris Investments wants to spoil the party. Generali, one of the largest European insurers, has invited its investors to the annual meeting in its home city Trieste &#8211; once a jewel of the Austro-Hungarian empire and an inspiration to many writers, including James Joyce and Italo Svevo. Algebris last year criticized the insurer&#8217;s executives and pressured the company to increase earnings, prompting the chairman of Generali, Antoine Bernheim, to talk of a wider plot against the company. Now, Algebris is back, needling the insurance giant with a rebel list for internal auditors and a promise of more questions at its annual general meeting Saturday.</p>
<p>April 2008 &#8211; Activist fund Algebris Investments has asked the Bank of Italy and insurance watchdog ISVAP to intervene in the question of the independence of auditors at Assicurazioni Generali SpA.</p>
<p>April 2008 &#8211; Activist investment fund Algebris Investments could be mulling a legal battle to prove that the list of auditors proposed by Edizione Holding SpA for Generali was filed on behalf of major shareholder Mediobanca SpA.</p>
<p>April 2008 &#8211; Last week, activist fund Algebris Investments asked Italy&#8217;s market watchdog Consob to ascertain whether Edizione Holding has &#8216;relevant connections&#8217; with Mediobanca, which owns over 15 percent of Generali.</p>
<p>November 2007 &#8211; Italian investors subscribed about 10 pct to the capital of Algebris Investments , the activist hedge fund that has criticised Assicurazioni Generali SpA governance and relationship with Mediobanca SpA, according to the daily Il Sole 24 Ore.</p>
<p>November 2007 &#8211; Generali is under pressure from one of its investors, the British hedge fund Algebris Investments, to increase earnings, which have trailed those of Axa and Allianz. The Italian insurer, based in Trieste, is seeking acquisitions as the life insurance market in Italy contracts.</p>
<p>October 2007 &#8211; Algebris Investments LLP has demanded a reshuffle in the management of Assicurazioni Generali SpA, a move that seeks to maximize the Italian insurer&#8217;s market potential. The UK hedge fund also asked for a salary-downgrade and an increase in the bonus package of Assicurazioni&#8217;s executive team.</p>
<p>October 2007 &#8211; An institutional investor in Assicurazioni Generali SpA has raised fresh concerns about the insurer, adding what it sees as a lack of a strong fund management business to the corporate governance criticism raised by hedge fund Algebris. Algebris, which is backed by UK hedge fund The Children&#8217;s Investment Fund, noted in a letter to Generali that both Axa and Allianz have a single CEO structure &#8211; and called for a CFO with &#8216;international experience and strong reputation among institutional investors.&#8217; The hedge fund&#8217;s letter, signed by Algebris&#8217; funding partners Davide Serra and Eric Halet as well as partner Massimo Massimilla, also called for the appointment of a non executive president, a group-wide COO and CIO as well as a director general for each geographic area. It also believes Generali chairman Antoine Bernheim is paid too much, and at age 83, questioned his contribution.</p>
<p>October 2007 &#8211; UK activist hedge fund Algebris Investments, which is demanding radical changes to insurer Assicurazioni Generali&#8217;s corporate governance, has received backing from a leading European corporate governance body. European Corporate Governance Service (ECGS), which partners with Europe&#8217;s corporate governance and research groups, today said it supported &#8216;several of the proposals&#8217; put forward by the hedge fund.</p>
<p>September 2007 &#8211; TCI has a minority stake in Algebris and the two funds have offices on adjacent floors of the same Mayfair building.</p>
<p>Eric Halet, formerly a vice president and global industry analyst covering non-U.S. banks, at Wellington Management Company, LLP, left the firm in March 2006</p>
<p>Eric Halet of Algebris Global Investments was a speaker at the 2008 EuroHedge Summit.</p>
<p>The Children&#8217;s Investment Fund Management is backing London-based Algebris Investments, a new hedge fund firm formed by Eric Halet of Wellington</p>
<p>July 1999 &#8211; The price of shares in three French banks involved in a massive and bitter takeover battle rose sharply again after the banks had rejected pressure from the authorities to compromise in the national interest. The decision by the BNP, Societe Generale (SG) and Paribas banks was seen as marking a return to the takeover ring after an imposed pause, and as a notable setback for the authorities. A banking analyst with Deutsche Bank in London, Eric Halet, commented: &#8220;The situation will now be decided by the market, and from the point of view of investors this is a good thing because interference by the Bank of France would have meant some form of sweetening of the deal to the detriment of shareholders. &#8220;But from the point of view of the Bank of France it is a bad thing because it now looks like it no longer has the power to intervene and control things.&#8221;</p>
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		<title>Goodman, Barry A. of Millburn Corporation</title>
		<link>http://www.checkfundmanager.net/diligence/?p=3104</link>
		<comments>http://www.checkfundmanager.net/diligence/?p=3104#comments</comments>
		<pubDate>Fri, 18 May 2012 19:34:18 +0000</pubDate>
		<dc:creator>Christina A.</dc:creator>
				<category><![CDATA[Fund Managers]]></category>

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		<description><![CDATA[Barry A. Goodman of Millburn Corporation Media Releases Barry Goodman and his wife, Alison Aronson, contributed a major financial gift to the Entrepreneurship Program at Binghamton University, where they both attended (2003). Barry Alan Goodman is noted as a Principal &#8230; <a href="http://www.checkfundmanager.net/diligence/?p=3104">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>Barry A. Goodman of Millburn Corporation</p>
<div style="text-align: center; font-weight: bold">Media Releases</div>
<p>Barry Goodman and his wife, Alison Aronson, contributed a major financial gift to the Entrepreneurship Program at Binghamton University, where they both attended (2003).</p>
<p>Barry Alan Goodman is noted as a Principal of Milburn Ridgefield.</p>
<p>Barry Goodman is noted as the Senior Vice-President, Director of Trading and Co-Director of Research at Millburn Ridgefield and The Millburn Corporation.</p>
<p>Barry Goodman is quoted in an article addressing the need for investor communications (Dec 1995). </p>
<p>Barry Goodman is quoted in an article addressing the growing trend of shopping at work. Specifically, Goodman talks about having expensive suits fitted at work to avoid having to waste time in stores (Feb 1988).</p>
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		<title>Dolman, Gerald Carol of Bennett, Ayervais &amp; Bertrand, PC</title>
		<link>http://www.checkfundmanager.net/diligence/?p=3103</link>
		<comments>http://www.checkfundmanager.net/diligence/?p=3103#comments</comments>
		<pubDate>Fri, 18 May 2012 19:33:05 +0000</pubDate>
		<dc:creator>Christina A.</dc:creator>
				<category><![CDATA[Fund Managers]]></category>

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		<description><![CDATA[Gerald Carol Dolman of Bennett, Ayervais &#038; Bertrand, PC]]></description>
			<content:encoded><![CDATA[<p>Gerald Carol Dolman of Bennett, Ayervais &#038; Bertrand, PC</p>
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		<title>Cunningham, John Berton of RiverSource Investments, LLC</title>
		<link>http://www.checkfundmanager.net/diligence/?p=3102</link>
		<comments>http://www.checkfundmanager.net/diligence/?p=3102#comments</comments>
		<pubDate>Wed, 16 May 2012 19:09:57 +0000</pubDate>
		<dc:creator>Christina A.</dc:creator>
				<category><![CDATA[Fund Managers]]></category>

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		<description><![CDATA[John Berton Cunningham of RiverSource Investments, LLC Media Releases In September of 2004, J&#038;W Seligman named John Cunningham the head of the firm’s core investment team and portfolio manager for Tri-Continental Corporation. Tri-Continental is a closed-end investment company managed by &#8230; <a href="http://www.checkfundmanager.net/diligence/?p=3102">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>John Berton Cunningham of RiverSource Investments, LLC</p>
<div style="text-align: center; font-weight: bold">Media Releases</div>
<p>In September of 2004, J&#038;W Seligman named John Cunningham the head of the firm’s core investment team and portfolio manager for Tri-Continental Corporation. Tri-Continental is a closed-end investment company managed by J&#038;W Seligman.</p>
<p>In 2004, Seligman named John B. Cunningham as the new chief investment officer. A year later, analysts were stating that Mr. Cunningham was making positive changes at the firm. A Morningstar analyst stated that “He came to clean things up and we have found him to be a pretty straight shooter.”</p>
<p>John B. Cunningham is the Managing Director and Chief Investment Officer of J&#038;W Seligman and Co. Incorporated. He is the Head of Seligman’s Core Investment Team. He is also portfolio manager for the following: the Tri-Continental Corporation, Seligman Common Stock Fund, and Seligman Income and Growth Fund (co-portfolio manager).</p>
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		<title>Coniglio, Steven J. of Physicians&#8217; Reciprocal Insurers</title>
		<link>http://www.checkfundmanager.net/diligence/?p=3101</link>
		<comments>http://www.checkfundmanager.net/diligence/?p=3101#comments</comments>
		<pubDate>Wed, 16 May 2012 19:09:04 +0000</pubDate>
		<dc:creator>Christina A.</dc:creator>
				<category><![CDATA[Fund Managers]]></category>

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		<description><![CDATA[Steven J. Coniglio of Physicians&#8217; Reciprocal Insurers]]></description>
			<content:encoded><![CDATA[<p>Steven J. Coniglio of Physicians&#8217; Reciprocal Insurers</p>
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		<title>Chesterfield, Peter Douglas of Wessex Asset Management, Ltd.</title>
		<link>http://www.checkfundmanager.net/diligence/?p=3100</link>
		<comments>http://www.checkfundmanager.net/diligence/?p=3100#comments</comments>
		<pubDate>Wed, 16 May 2012 19:07:59 +0000</pubDate>
		<dc:creator>Christina A.</dc:creator>
				<category><![CDATA[Fund Managers]]></category>

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		<description><![CDATA[Peter Douglas Chesterfield of Wessex Asset Management, Ltd. Media Releases No detrimental information was found involving Peter D. Chesterfield &#038; Wessex Asset Management during a search of media. The articles referenced below are indicative of the material found on Mr. &#8230; <a href="http://www.checkfundmanager.net/diligence/?p=3100">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>Peter Douglas Chesterfield of Wessex Asset Management, Ltd.</p>
<div style="text-align: center; font-weight: bold">Media Releases</div>
<p>No detrimental information was found involving Peter D. Chesterfield &#038; Wessex Asset Management during a search of media. The articles referenced below are indicative of the material found on Mr. Chesterfield and Wessex Asset Management.</p>
<p>Wessex Asset Management purchased over 3.8 million shares of Auselect Ltd. for over $3.1 million (July 2006).</p>
<p>Anglo Sino Capital will run the Chosun Development &#038; Investment Fund, which aims to invest in the energy, mining and industrial sectors in North Korea. Peter Chesterfield is a Director at Anglo Sino (June 2006).</p>
<p>Tim Weir and Peter Chesterfield are cited for strong returns in an article addressing the boom in commodity prices (April 2006).</p>
<p>Wessex Asset Management states its intention to invest in firms that produce base metals (May 2005).</p>
<p>Peter Chesterfield is a participant in Asian Hedge Funds 2005 (April 2005).</p>
<p>The Board of Directors of Arisaig Asia Fund Limited announces the appointment of Peter Chesterfield (April 2003).</p>
<p>Asset Alliance Corporation acquired an equity interest in Wessex Asset Management Limited and provided seed capital for the new fund manager. Wessex was founded by Peter Chesterfield and Tim Weir, both former executives at Abbey Life Assurance Company Limited (July 2000).</p>
<p>Official website of Wessex Asset Management: <a href="http://www.wessexam.co.uk/">http://www.wessexam.co.uk/</a></p>
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		<title>Carroll, James Lawrence of Loomis, Sayles &amp; Company, LP</title>
		<link>http://www.checkfundmanager.net/diligence/?p=3099</link>
		<comments>http://www.checkfundmanager.net/diligence/?p=3099#comments</comments>
		<pubDate>Wed, 16 May 2012 19:06:59 +0000</pubDate>
		<dc:creator>Christina A.</dc:creator>
				<category><![CDATA[Fund Managers]]></category>

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		<description><![CDATA[James Lawrence Carroll of Loomis, Sayles &#038; Company, LP Media Releases Mr. Carroll has been quoted as a PaineWebber analyst in several articles from 1985-1996. A non-detrimental SEC filing was found for Loomis Sayles Fund II and names James Carroll &#8230; <a href="http://www.checkfundmanager.net/diligence/?p=3099">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>James Lawrence Carroll of Loomis, Sayles &#038; Company, LP</p>
<div style="text-align: center; font-weight: bold">Media Releases</div>
<p>Mr. Carroll has been quoted as a PaineWebber analyst in several articles from 1985-1996.</p>
<p>A non-detrimental SEC filing was found for Loomis Sayles Fund II and names James Carroll as Vice President of Loomis Sayles, as well as serving as a Portfolio Manager since 2002.</p>
<p>Mr. Carroll’s specific job functions include: tax-exempt portfolio manager, taxable portfolio manager, and equity portfolio manager. His specialty is in equities.</p>
<p>An October of 2006 article mentions that Warren Koontz, VP at Loomis Sayles &#038; Co, works closely with portfolio managers Art Barry and James Carroll.</p>
<p>Loomis Sayles Energy Hedge Fund was launched in October 2005.</p>
<p>In a September 2000 article, Loomis, Sayles, &#038; Company announced the appointment of Larry K. Shaw, vice-president, to portfolio manager in the firm’s Value Equity Management Group.</p>
<p>A September 2000 article reveals that before Mr. Shaw joined Loomis Sayles in 1986 he worked as an investment analyst with General Electric’s Pension Fund group for seven years.</p>
<p>In an October 1998 article Larry Shaw, of Loomis Sayles, comments on Haliburton and how it might meet it’s goals.</p>
<p>An Internet profile reveals several possible corporate affiliations for Mr. Shaw, including Vice-President at Loomis Sayles &#038; Co., Analyst at Manufacturers Hanover Trust Company and at Werheim &#038; Company. The article lists him as portfolio manager at VEM, and as Investment Analyst with pension fund group at General Electric Company.</p>
<p>In October of 2000, Larry Shaw was named portfolio manager in Loomis Sayles’ value equity management group.</p>
<p>In February of 2007, it was mentioned that Loomis Sayles &#038; Co LP was one of 15 asset management affiliates owned by IXIS’ Paris based parent, IXIS Asset Management Group.</p>
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		<title>Boren, David Robert of Sawtooth Capital Management, LLC</title>
		<link>http://www.checkfundmanager.net/diligence/?p=3098</link>
		<comments>http://www.checkfundmanager.net/diligence/?p=3098#comments</comments>
		<pubDate>Wed, 16 May 2012 19:05:52 +0000</pubDate>
		<dc:creator>Christina A.</dc:creator>
				<category><![CDATA[Fund Managers]]></category>

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		<description><![CDATA[David Robert Boren of Sawtooth Capital Management, LLC Media Releases David R. Boren, his brother Michael K. Boren, and Douglas K. Bates (all principals of Sawtooth) are listed as some of the inventors on a patent for “a method and &#8230; <a href="http://www.checkfundmanager.net/diligence/?p=3098">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>David Robert Boren of Sawtooth Capital Management, LLC</p>
<div style="text-align: center; font-weight: bold">Media Releases</div>
<p>David R. Boren, his brother Michael K. Boren, and Douglas K. Bates (all principals of Sawtooth) are listed as some of the inventors on a patent for “a method and system for analyzing and reporting institutional investments provides a single platform for daily investment accounting, compliance, performance, and risk reports for investment portfolios held at single or multiple custody/safekeeping locations.”</p>
<p>David Boren is the Chief Investment Officer for Clearwater Advisors, LLC.</p>
<p>Mr. Boren and Sawtooth have holdings with MCF Corp and RateExchange Corp.</p>
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