Author Archives: Alex Akesson

About Alex Akesson

Alex has been specializing in hedge fund and alternative investment news since April 2006. Working mainly in research and manager interviews, she has published breaking news on the hedge fund industry on her blog, as well as several industry publications. Her access to hedge fund managers gives her insight into news stories as well, and the ability to track press releases and other breaking news in real time.

Hedge Fund Assets Down $20.94 Billion In June

Hedge funds suffered losses this month according to the new Eurekahedge report. ”Hedge funds recorded negative returns in June ending their seven month winning run, as global markets witnessed broad based declines during the month.” Total assets under management were down by $20.94 billion – the sector witnessed net negative asset flows of $2.12 billion while losing $18.82 billion through performance […]

Hedge Funds Who Invested In BP Partner Are Suing For Oil Spill Damages

Anadarko Petroleum Corporation, a BP partner, is being sued by investors for its role in the 2010 Deepwater Horizon oil spill at the Macondo well. Anadarko has over 100 hedge fund shareholders. Reuters reports: “The investors claimed Anadarko wasn’t a passive partner in the Macondo well. It “expressly approved and funded a series of extremely risky decisions made in connection […]

14% Jump in New Hedge Funds with Equities Strategies

Seward & Kissel, the law firm that helped create the first hedge fund in 1949, announced its second annual study of New Hedge Funds in the U.S. The New Hedge Fund Study: 2012 Edition, has revealed that 64% of new funds covered by the study had equity or equity-related strategies, up 14% from the 2011 study. Of the 64% of new funds involved […]

Hedge Fund Managers: AIFMD To Be Implemented on July 22

The Alternative Investment Fund Managers Directive (the “Directive”) will be implemented on July 22, 2013 and will impact the reporting requirements of alternative investment fund managers (“AIFMs”) covered by the Directive, including hedge funds based in the European Union as well as non-EU managers, including managers based in the United States. New York hedge fund law firm Sadis & Goldberg […]

New SEC and FINRA Updates

FrontLine Compliance reports that the SEC and FINRA have both been active over the past few months issuing new final rules and interpretive guidance on recent rule changes. For example, the following recent regulatory announcements will affect your firm’s procedures SEC Rule 15b1-6 for Broker-Dealers FINRA Rule 5123 FINRA Guidance on Rule 2111 FINRA Rule 2210 All of the new […]

FinCEN Issues Notice and Request for Nominations to the Bank Secrecy Act Advisory Group (BSAAG)

FinCEN in inviting the public to nominate financial institutions and trade groups for membership on the Bank Secrecy Act Advisory Group (BSAAG). New members will be selected for 3-year membership terms. Nominations must be received by February 15, 2013. More information is available on FinCEN’s Web site at the following link: http://www.fincen.gov/statutes_regs/frn/pdf/Fed_Reg_Notice_re_BSAAG_Applications_S.pdf .

Bloomberg TV: Is 2013 the Year for a Long/Short Equity Comeback?

Advise Technologies recommends 10 Form PF tips learned from the first round of filers

While 2012 may go down in the books as the year of Form PF, it does not mark the end of Form PF — in fact, it’s only the beginning. In the next phase of the rule, advisers that manage at least $150 million RAUM in private funds will need to file either 60 or 120 days after year-end, depending […]

Risk-AI and BarclayHedge Launch Hedge Fund App

Risk-AI and BarclayHedge have collaborated to produce the first hedge fund risk application for the iPad. The new application allows users of Risk-AI’s Transparency Analytics software to view data and analysis wherever they can use their iPad. “This application allows users to quickly research hedge fund managers and review fund information anytime and anywhere, even without Internet connectivity,” says Aleksey Matiychencko, senior […]

Throgmorton Hires Hedge Fund Tax Specialist

Throgmorton, one of the UK’s largest hedge fund accountancy and back office service providers, has announced a major hire in Neil Oliver, formerly a senior director with Ernst & Young and a tax consultant with over 20 years’ experience advising the investment management sector. Neil will facilitate Throgmorton’s efforts to expand its client base in the hedge fund, private equity […]