2012 “Dirty Dozen Worst Financial Advisors in America” Announced in Beta Launch of BrokerCop.com

BrokerCop.com, a website for investors only, announced its beta launch with its 2012 List of “Dirty Dozen Worst Financial Advisors in America.” These bad brokers were not only murder on their clients’ portfolios, but these brokers also commit murder on their clients, literally, say the site’s creators. Even sick children are not immune from these crooks! BrokerCop.com’s member forums are […]

DITMo Hedge Strategy Monthly (June12, Issue11) New Release

DITMo Hedge Strategy Monthly Jun12-Issue11Attributions, Rankings and Performances for Hedge Fund Classes and Indexes with Probabilities, Graphs, and pullout Color Matrices. By Pj de Marigny, PM DITMo Strategies / Renovatio Asset Management

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 […]

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 […]

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 […]

Hedge Fund Compliance: SEC Private Fund Registration Deadline

Private fund adviser registration is here, meaning a whole new world of compliance risk has become a reality. Successful registration means more than just filling out a form and the March 2012 deadline is fast approaching. Remember, in order to be registered by the deadline, you must file by February. If you haven’t already taken the steps necessary to protect your […]

Know Your Investment Partners — Frederic Bourke, The Pirate of Prague, Omega Advisors and the FCPA

This week we have a guest post by Matthew Reinhard, Member at law firm Miller & Chevalier The tale of hand-bag mogul, turned Azerbaijan oil-speculator, turned felon, Frederic Bourke came to an end in mid-December when the Second Circuit Court of Appeals sustained his conviction on conspiracy to violate the Foreign Corrupt Practices Act (“FCPA”) and other charges.  The next day […]

FINRA Proposes Rule to Require Additional Notice Filing and Delivery to Hedge Fund Investors

By Jay Gould –  (Pillsbury Winthrop Shaw Pittman LLP) – On October 18, 2011, the SEC released a notice of FINRA’s filing of Proposed Rule 5123 (the “Proposed Rule”) which would require FINRA members and associated persons to: 1) provide to investors disclosure documents in connection with private placements prior to sale and 2) file with FINRA such disclosure documents within […]

What is a “Fund of Funds” part 3

This is the 3rd part in my series of articles about Fund of Funds. Please read the two articles below for more background. Part 1: Types of Funds of Funds Part 2: The Advantages and Disadvantages of Funds of Funds Hedge Fund Administrator and Service Providers There are four main structural components to a fund of funds. You need an […]

A Guide to Technology Outsourcing for Hedge Funds

Hedge funds are looking to expand their offerings and enhance productivity in today’s economy, and one means for this is outsourcing. The 24-page guidebook, A Guide to Technology Outsourcing for Hedge Funds, was created by Pershing Prime Services and Eze Castle Integration to serve as a roadmap for hedge fund managers looking to understand the various options that exist in […]

Hedge Fund Adviser Alert: New Form SLT Deadline Approaching

Holland & Knight – Effective September 30, 2011, the new Treasury International Capital (TIC) Form SLT is required to be filed by certain large investment advisers.  The first filing deadline will be October 24, 2011, for any investment adviser that has $1 billion or more of reportable securities (defined below) as of the last business day of the reporting month (to the extent […]

Hedge Fund Compliance: The National Exam Risk Alert

The SEC recently released a National Exam Risk Alert outlining the various threats posed by master/sub-account relationships. These account types have gained in popularity within the institutional market, largely due to the ease of market access for the sub-account traders. The master account is typically an entity with a LLC or LLP structure that provides the broker-dealer’s MPID to the […]

UCITS Hedge Fund Index – Results of Quarterly Industry Survey Q3 2011

The UCITS Alternative Index Team is delighted to present the latest edition of the UAI Quarterly Industry Survey for Q3 2011. Based on answers from market participants, the report provides insight information on the state and evolution of the UCITS hedge fund industry. The study was sent to all market participants receiving the UCITS Alternative Index performance updates. We take […]