Tag Archives: amp


Darling’s 50% tax sends tycoons to Switzerland

Evening Standard – London’s rich hedge fund managers and private equity executives will quit the UK in droves ahead of the 50% top tax rate next spring. That is the news from City tax advisers who say they have never […]

UPDATE: Hedge Fund Brokerage Firm Updates Connectivity

West Palm Beach (HedgeCo.net) – Hedge fund prime broker, Newedge, has started using a Dubai Point of Presence (POP) connection to facilitate their access to the Dubai Gold and Commodity Exchange (DGCX). The new connection has high bandwidth and is […]

Stock rally is “dash for trash”: hedge manager Bullman

Reuters – Nick Bullman, who told Reuters he has this week placed bets on falling share prices, is concerned that government stimulus packages have not revived bank lending as much as hoped and that conditions remain as tough for companies […]

Ex-Bear Hedge Manager Allegedly Sought to Use Funds for Condo

Bloomberg – Former Bear Stearns Cos. hedge fund manager Ralph Cioffi, indicted for an alleged fraud that helped bring down the securities firm, attempted to use his $2 million redemption from a fund he supervised as collateral for a condominium, […]

Paulson Hedge Fund Buys Banks That Lost Value in Credit Crisis

Bloomberg – John Paulson, the hedge-fund manager whose wagers against the U.S. housing market helped him earn an estimated $2.5 billion last year, bought Bank of America Corp. and Goldman Sachs Group Inc. stock in the second quarter, while adding […]

JPMorgan, Hedge Funds May Lose as Derivatives Proposal Advances

Bloomberg – President Barack Obama sent Congress his plan to rein in the $592 trillion over-the-counter derivatives industry, a measure that would cut into a profitable market for banks led by Goldman Sachs Group Inc. and JPMorgan Chase & Co. […]

Lewis Faces More Merrill Queries as $33 Million Accord Delayed

Bloomberg – Bank of America Corp. Chief Executive Officer Kenneth Lewis faces more queries about his purchase of Merrill Lynch & Co. after a federal judge refused to approve a $33 million settlement of a lawsuit over bonuses. The bank […]

Blackstone war chest eyes bank sector

The Australian – Blackstone Group posted a wider second-quarter loss, but results beat analysts’ expectations as the private-equity giant reported positive returns and better fund-raising at its credit-oriented and funds-of-hedge-funds businesses. On a conference call with analysts and investors, chairman […]

Lawsuit says hedge-fund manager stole $750,000

Pittsburgh Post-Gazette – The family of a Cambria County manufacturer has filed a lawsuit claiming that a New York hedge-fund manager illegally took $750,000 from its trust fund. The lawsuit, filed by the family of Frank Calandra Jr., was moved […]

Strong payout near resolution

Milwaukee Journal Sentinel – Five years after regulators forced the sale of Strong Funds to Wells Fargo and Co. at the height of a national mutual fund scandal, investors in 24 former Strong Funds are moving closer to receiving their […]

Hedging for the future

Charity Times – Putting it into perspective, at January 1 2008 there was $9.7trn of hedge funds assets invested, at the end of 2008 it was $3trn, a massive loss in capital. This year, hedge funds gained 2.41 per cent […]

Highland Fund Sued by Schulte Roth for $2.83 Million

Bloomberg – Highland Capital Management LP, the Dallas-based investment firm that’s liquidating its main hedge fund, was sued by attorneys Schulte Roth and Zabel LLP for allegedly not paying $2.83 million in legal fees. The New York-based law firm initiated […]

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