Tag Archives: time-difference


Cayman Islands in the Foreign Press

Cayman Net News – In a landmark decision the Cayman Islands Court of Appeal has settled various questions on the suspension of redemption. The ruling (December 12, 2008) in the Strategic Turnaround Master Partnership (based in New York) versus Culross […]

Lawfirm Examines Hedge Fund Misrepresentation for Investors Benefit

West Palm Beach (HedgeCo.net) - Bernstein Liebhard is investigating whether, among other things, these investment funds conducted proper due diligence before investing heavily in Madoff Securities, and whether these funds ignored the warning signs that Madoff was conducting a large-scale fraud. […]

Experts Discuss Hedge Fund Growth at ‘Fighting the Tape’ Seminar

West Palm Beach (HedgeCo.net) - Top financial industry leaders and more than 200 attendees gathered in New York late last week discuss the volatile hedge fund market and provide insights on distressed funds. Sponsored by global offshore law firm Walkers, the […]

South Korea to introduce new fund sales rules

SEOUL (Reuters) – South Korea will allow mutual savings firms and online-based companies to sell investment funds from next February, and draw up measures to cut sales fees for long-term investors, a regulator said on Sunday. The Financial Services Commission […]

Morgan Stanley prime broker woes seen lasting

guardian.co.uk – Morgan Stanley survived the recent panic in financial markets, but its prime brokerage business may never fully recover. More than a third of Morgan’s prime brokerage assets went out the door during the past month — some rivals […]

Credit Crunch Rocks Bain, as Funds Fall Up to 50%

Wall Street Journal – Some high-profile Bain Capital credit-investment funds are choking on losses of as much as 50%, said people familiar with the matter, the latest revelation in a day of shake-ups across the hedge-fund business. The private-equity firm’s […]

Sidley Austin Promotes Hedge Fund Lawyers Among Others

West Palm Beach (HedgeCo.net) – Sidley Austin LLP has added six new members to its Executive Committee, the Committee that exercises general authority over the affairs of the firm, and two new members to its Management Committee, the Committee which […]

Swiss hedge fund industry to grow as crisis bites

Reuters UK – Switzerland’s fledgling hedge fund industry is set for strong growth in the coming years as the credit crisis forces the industry to focus on lower-cost centres and the country aims to lure managers back from London. Lower […]

Hedge Fund Finds Itself on Defense

New York Times – Kenneth C. Griffin was one of those Wall Street whiz kids. As a teenager, he traded out of his dorm room at Harvard. In his 20s, he opened his own hedge fund. In his 30s, he […]

A Gloomy Picture for Hedge Funds

New York Times – Hedge funds’ annus horribilis is getting worse. The average fund, after losing nearly 5 percent in the first eight months of the year, was down an additional 7 percent in September, according to Hedge Fund Research. […]

Fearing financial trouble hedge funds flee Morgan Stanley

Hindu Business Line – Worried that global financial services provider Morgan Stanley may land into financial troubles like Lehman Brothers, several hedge funds fled the bank resulting in a loss of billions of dollars in its prime brokerage business last […]

Swiss to lower tax burden for hedge funds

Reuters – Switzerland plans to ease the tax burden for hedge funds and private equity funds and soften regulations for investment funds in a first step to boost its standing among other financial centres. The goal is to get the […]

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