Monthly Archives: January 2014
SEC Issues Risk Alert For Hedge Fund Advisers
New York (HedgeCo.Net) – The SEC’s Office of Compliance Inspections and Examinations (OCIE) has issued a 10 page Risk Alert (pdf) on the due diligence processes that investment advisers use when they recommend or place clients’ assets in alternative investments […]
Hedge Funds Sniff for Even Bigger Payouts From Banks
NYT – One of the biggest bets on Wall Street rests on a theory that also deeply unsettles Wall Street. The provocative theory is that the big banks have not paid enough in recent legal settlements to make amends for […]
German Fin Min worried about hedge-fund risks in EU bank plans
Reuters – German Finance Minister Wolfgang Schaeuble said on Thursday he was worried that European Commission proposals on isolating hedge fund risks do not go far enough. “I am a bit worried that the Commission’s proposals on the isolation of […]
Sebi’s new FPI norms could hit inflows from hedge funds, NRIs
The Economic Times – Indian capital markets could be starved of fund flows from non-resident Indians or NRIs and global hedge funds under the new regulatory regime for Foreign Portfolio Investors (FPIs) put in place by the capital market watchdog. FPI regulations released by the […]
Hedge fund’s $250 million bet values Alibaba at up to $200 billion
CNBC – A rising hedge fund star has made a big bet on Chinese e-commerce site Alibaba, believing the company will be worth at least $200 billion when it goes public. Glade Brook Capital Partners, the hedge fund firm founded in […]
Hedge-Fund Manager Paul Singer ‘Shocked’ by Bitcoin Popularity
WSJ – One of the bigger names in hedge funds has come out against Bitcoin–and in favor of beaten-down gold. Paul Singer, founder of $23.3 billion Elliott Management Corp., told investors he was “shocked” by the virtual currency Bitcoin’s popularity […]
Hedge Fund Care to Honor Marathon Asset Management’s Bruce Richards
New York (HedgeCo.Net) – In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit on Thursday March […]
Vulture Hedge Funds Fight Over Europe’s Debt
New York (HedgeCo.Net) – Marathon Asset Management, the New York-based $11 billion hedge fund is reported to be starting a hedge fund to focus on European distressed debt. “The $530 million fund was opened on Jan. 15 and will start […]
Analyst From NY Hedge Fund Runs 77 Miles On Treadmill
New York (HedgeCo.Net) – A Managing Director at Cliffwater in New York and hedge fund analyst Chris Solarz has won his 6th entry into the Guinness World Records, CNBC reports. “I’ve been running for 23 years now. I starting when I […]
Morningstar Reports Hedge Fund Performance for December
The Morningstar MSCI Composite AW Hedge Fund Index rose 0.9% in December and 9.2% in 2013. In aggregate, single-strategy hedge funds experienced net inflows of $590 million in November, but for the year-to-date through November, they have lost $4.7 billion, with […]
Transatlantic tug-of-war puts European hedge funds in “impossible position”
Risk.Net – Hedge funds are calling for a change to cross-border derivatives rules before European clearing requirements come into force – arguing overseas funds of European managers will be caught in a regulatory tug-of-war. Some of these funds also fall […]