Monthly Archives: January 2010
Hedge fund expert Norman Champ ‘89 to be top New York investigator
Harvard Law Record – Reeling from the fallout of the Madoff scandal, the Securities and Exchange Commission has been searching for a new strategy and new leadership in its mission to protect the investing public from fraud. As part of […]
BNY Mellon Said to Be in Talks for PNC Unit to Add Fund Clients
Bloomberg – Bank of New York Mellon Corp is in talks to buy PNC Financial Services Group Inc.’s global investment-servicing unit for as much as $2.5 billion to add hedge-fund and mutual-fund clients, said a person familiar with the matter. […]
Blair takes role at hedge fund Lansdowne
Reuters – Former Prime Minister Tony Blair is to give a series of talks to bosses at Lansdowne Partners, said a source close to the secretive hedge fund that made millions from the credit crisis. Blair, whose “light-touch” model of […]
Hedge Funds & Investors Rate Global Brokers
New York (HedgeCo.net) – A newly released survey of 176 leading investment managers, private banks and hedge funds by McLagan, a compensation consulting, productivity and performance benchmarking firm, showed that broker performance has risen in many areas this year, particularly […]
Hedge fund group Man leads FTSE lower on growth fears
Guardian.co.uk – Man, the world’s largest quoted hedge fund, led the market lower on fears about its future growth. The company’s shares dropped 17.1p to 246p – a 6.5% decline – after it announced that the net asset value of […]
Mutual Funds, ETFs, Hedge Funds Cutting Fees
Registered Rep – Like hard-pressed retailers, investment managers have lately taken to lowering prices. Mutual funds and ETFs have cut expense ratios. Even exclusive hedge funds have reduced the fees they charge clients. Some of the fee cuts may be […]
BlackRock’s Profit Jumps Five-Fold on BGI, Inflows
Business Week – BlackRock Inc., the world’s biggest money manager, said fourth-quarter net income rose almost five- fold as the purchase of Barclays Global Investors lifted fee revenue and investors poured money into stock and bond funds. Earnings rose to […]
FundQuest looking to launch fund of Ucits hedge funds
Investment Week – Multi-manager firm FundQuest is looking to launch a new fund to capitalise on growing number of Ucits III vehicles arriving from the hedge fund space. FundQuest CIO Christophe Belhomme says the growing convergence of hedge strategies to […]
EU Plans Would Limit Investors to 40% of Hedge Funds, FSA Says
Bloomberg – As many as 40 percent of the world’s hedge funds won’t have access to European Union investors if EU plans to oversee funds and private equity are passed in their current form, an official at Britain’s regulator said. […]
Hedge Fund Regulators Turn Up The Heat
New York (HedgeCo.net) – FINRA and the SEC have recently issued statements and taken bold steps to put the industry on watch, hedge fund compliance consulting firm, FrontLine Compliance, LLC., reports. FINRA is now being more active with exams, document […]
Galleon defendant Kurland nears plea
Reuters – Mark Kurland, a former executive at New Castle Funds LLC hedge fund accused in the Galleon insider trading case, appears ready to waive indictment and plead guilty, according to a court document filed on Tuesday. The filing in […]