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Global downturn puts investors, companies in retreat

(Reuters) – Gripped by fears that Europe’s debt crisis is driving the world economy into a ditch, companies are delaying plans to raise capital and canceling deals, while investors are taking refuge in cash or any other place they think […]

Mutual Funds Push To Restrict Hedge Fund Ads

WASHINGTON (Dow Jones)–The mutual fund industry wants the Securities and Exchange Commission to impose restrictions on advertising by hedge funds and private equity funds now that such private funds will be allowed to engage in mass marketing. Hedge funds will […]

Ex-Lehman trader quits as Asia hedge funds falter

HONG KONG (Reuters) – Smaller-sized hedge funds are increasingly throwing in the towel in Asia as they struggle to attract money from risk-wary institutional investors, casting a cloud over prospects of the $128 billion industry. The latest to quit is […]

Hedge funds seek big win in Vegas

Hedge funds had one of their worst years ever in 2011, but that hasn’t fazed the pied piper of the industry: Anthony Scaramucci. NYP – “The Mooch” is the founder of $6.2 billion SkyBridge Capital and the annual SALT conference […]

Senator Seeks U.S. Probe Into Chesapeake Energy

Reuters – U.S. Senator Bill Nelson (D-Fla.) plans to ask the Justice Department to investigate Chesapeake Energy Corp. for potential fraud and price manipulation, an aide to the lawmaker said. Mr. Nelson’s request comes after Reuters reported on Wednesday [May […]

Financial Research Associates’ Private Investment Funds Tax Master Class

New York (HedgeCo.net) – Financial Research Associates (FRA) is proud to bring back the highly acclaimed Private Investment Funds Tax Master Class in New York City at the Princeton Club of NYC on Monday, May 7 and will continue through Tuesday, […]

Macquarie hedge fund exits short bets in India on tax fears

Reuters – Macquarie’s Asia hedge fund has exited its short positions in Indian single stock futures in response to a controversial set of proposed tax rules that could lower investment returns. Instead, it has decided to use a futures contract linked to […]

Senate candidate invests in bailout recipients

Post Crescent – U.S. Senate candidate Eric Hovde has purchased a bank that received federal bailout money, even though the Republican hedge fund manager says he remains staunchly opposed to the program. When announcing his candidacy last month, Hovde stressed […]

Goldman Sachs Trader Raj Sethi Said to Quit, May Join Hedge Fund

Bloomberg – Raj Sethi, a managing director in Goldman Sachs Group Inc. (GS)’s commodity-derivatives trading group, quit after 14 years and may join a hedge fund, according to a person with knowledge of the matter. Sethi, 35, who once ran […]

Hedge Funds Fell 4.9% in 2011 as European Debt Crisis Hurt Global Stocks

Bloomberg: Hedge funds fell 4.9 percent last year as global stock markets slumped amid fears that the European sovereign-debt crisis would spread and managers struggled with increased market volatility. The Bloomberg aggregate hedge-fund index (BBHFUNDS) dropped 0.9 percent in December, […]

Hedge Fund Portfolio Manager Pleads Guilty

New York (HedgeCo.net) – President Barack Obama’s Financial Fraud Enforcement Task Force has gotten a conviction against Ward Onsa, the portfolio manager of New Century Hedge Fund Partners, LP. Ward pleaded guilty yesterday to securities fraud after soliciting more than $5 million as part […]

GFIA is cautiously optimistic about the future for Brazilian hedge funds

Opalesque - Singapore-based GFIA, hedge fund and particularly emerging market hedge fund specialists have revisited Brazil, a country that they had dropped from their intensive coverage due to lack of client interest. From 2004 to 2008, the firm were heavily involved […]

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