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.

Treasury Department Announces $245 Million in Proceeds from Pricing of Public Offerings of Preferred Stock in Seven Financial Institutions

As part of the strategy it outlined last month for winding down its remaining Troubled Asset Relief Program (TARP) bank investments, the U.S. Department of the Treasury today announced that it priced secondary public offerings of the preferred stock it holds in the following seven financial institutions at the following prices per share: – Taylor Capital Group, Inc. (Rosemont, IL), […]

Conyers Dill & Pearman Expands Globally with 6 Lawyer Hires

Offshore hedge fund law firm Conyers Dill & Pearman have hired a litigation lawyer in the Cayman Islands and five corporate lawyers across its Mauritius, Moscow, British Virgin Islands and Hong Kong offices, as the firm continues to strengthen its global practices. Ben Hobden joins Conyers’ Cayman Islands litigation team, while the firm has hired Ashvan Luckraz in Mauritius, Alexandra […]

Form PF Filing Dates Approaching for Registered Hedge Fund Advisers Managing $5 Billion or More of Private Fund Assets

Hedge fund law firm Holland & Knight reports: On October 26, 2011, the Securities and Exchange Commission (the “SEC”) adopted Rule 204(b)-l under the Investment Advisers Act of 1940 (the “Advisers Act”) to require SEC registered investment advisers (“RIAs”) that advise more than $150 million in regulatory assets under management (“AUM”) in private funds to periodically complete and file the […]

The May 2012 Eurekahedge Report has been released

This month’s Eurekahedge Report reports on a somewhat flat month for the industry. Negative returns in April affected most regional hedge funds as market sentiment became more risk-averse leading to declines across global markets. After a short few months of strong growth, attention returned to European debt issues, soft US economic data and slowing Chinese growth. There were a few […]

Hedge Fund Compliance: Adviser SRO Begins To Take Shape

The Investment Adviser Oversight Act of 2012 (HR 4624) was introduced yesterday in Congress, according to FrontLine Compliance. The bill provides for the formation of a registered national investment adviser association which would serve as an advisory industry SRO. In summary, the bill calls for the following: The creation of an advisory industry SRO with full rule-making and examination authority […]

New edition of AIMA Journal out

The latest edition (Q1 2012) of the AIMA Journal can be downloaded here. This issue contains: · Address from Andrew Baker: “In defence of hedge funds: institutional investors are giving a vote of confidence” · Government & Regulatory Affairs Developments · How do the Proposed FATCA Regulations Impact Alternative Investment Managers? By Oscar Teunissen, Rebecca E. Lee, Dominick Dell’Imperio, Steve […]

FLAIA Legislative Update | House Bill 1417

The Florida Senate has approved the Ring / Oliva Bill, which increases the Florida State Board of Administration’s cap on alternative investments from 10% to 20%.  Specifically, the House Bill 1417 now goes to Governor Rick Scott for his approval and signature. The Senate approved without any debate a proposal that will double the amount of money the State Board of Administration, […]

Hedge Fund Law Firm Seward & Kissel Achieves Injunction Against Bank Asset Sale

On February 27, 2012, the Delaware Court of Chancery enjoined the sale of BankAtlantic, the sole banking subsidiary of BankAtlantic Bancorp (BBX), to Branch Bank & Trust (BB&T). BBX had planned to sell $3.4 billion in deposits and $3.1 billion in performing loans and other assets to BB&T, keeping BankAtlantic’s criticized assets for itself in a “good bank/bad bank” transaction. […]

Private Equity Activity Declines Slightly in Q4 Despite Increased Investment

Despite higher investment levels, overall private equity activity fell during the fourth quarter of 2011, according to the Private Equity Index (PE Index) released today by the Private Equity Growth Capital Council (PEGCC). Strong Q4 investment activity held the Index above its 10-year moving average and higher than its 2010 average level. As of December 31, 2011, the PE Index […]

Minutes of the Meeting of the Treasury Borrowing Advisory Committee the Securities Industry and Financial Markets Association January 31, 2012

The Committee convened in closed session at the Hay Adams Hotel at 11:30 a.m. All Committee members were present. Assistant Secretary for Financial Markets Mary Miller, Deputy Assistant Secretary (DAS) for Federal Finance Matthew Rutherford and Director of the Office of Debt Management Colin Kim welcomed the Committee. Other members of Treasury staff present were Fred Pietrangeli, Jennifer Imler, Amar […]