Monthly Archives: January 2010
New SEC Unit To Cover Hedge Fund, P.E. Probes
The Securities and Exchange Commission is shaking up its enforcement division, establishing five priority areas, including one pointed directly at hedge funds and private equity firms. The agency, and in particular its enforcement arm, have taken a beating in the […]
Calpers Says Middlemen Received at Least $125 Million
Jan. 14 (Bloomberg) — The California Public Employees’ Retirement System, the largest U.S. public pension, said private investment firms paid at least $125 million to placement agents for help winning contracts to manage the fund’s money. The pension fund today […]
Hedge funds to favor BRIC not PIIGS in 2010: Lipper
ZURICH (Reuters) – The fast-growing BRIC group of economies will be back in favor in 2010 among emerging markets-focused hedge fund managers, who may shun European countries slammed by recession, an industry expert said. While strong growth is expected in […]
Barnier opens door to London hedge fund managers
Michel Barnier, the European Commissioner designate for the Internal Market and Services, has said he wants to come to London soon to ask hedge fund and private equity managers about changing the EU’s controversial proposed Alternative Investment Fund Managers Directive. […]
Man Group Shares Sink As Recovery Falters
LONDON (Dow Jones)–Earlier signs of recovery at Man Group PLC (EMG.LN), the giant hedge-fund operator that was heavily hit by the financial crisis, took a knock Friday as the company said weak sales and performance losses at its biggest fund […]
Man Group Shares Sink As Recovery Falters
WSJ – Earlier signs of recovery at Man Group PLC (EMG.LN), the giant hedge-fund operator that was heavily hit by the financial crisis, took a knock Friday as the company said weak sales and performance losses at its biggest fund […]
Hedge Funds Industry Trends Report 2009 – 2010 Outlook
New York (HedgeCo.net)Heidrick & Struggles surveyed more than 400 portfolio managers (PMs) and studied more than 100 hedge fund firms for a report providing a comprehensive view of the hedge fund industry and its talent flows. Highlights of the report […]
ETF Assets Top $1 Trillion
WSJ – Exchange-traded funds are now a trillion-dollar business, according to a report by BlackRock Inc., the largest ETF firm. BlackRock, which bought the iShares ETF business from Barclays PLC last year, on Wednesday said assets in ETFs around the […]
Soros Fund Is Said to Plan an Office in Hong Kong
BusinessWeek – Soros Fund Management LLC, the $25 billion hedge-fund firm founded by billionaire George Soros, plans to open an office in Hong Kong, according to a person with knowledge of the matter. Soros Fund Management may relocate New York-based […]
Hedge Funds Could Lose Top Talent, Though Set For Bumper 2010 Inflows
Benzinga – Though hedge funds posted a strong turnaround and reached the $2 trillion mark in 2009, marking their best returns in 10 years, a number of firms are still vulnerable, which could have an impact on their ability to […]
Funds of hedge funds gang up to tackle managers
Reuters – The fund of hedge funds arm of Hermes, Britain’s largest pension scheme manager, has rallied peers with more than $15 billion in assets to get agreement on how to better handle the managers running their money. In one […]
People Moves: Arrow Hires Hedge Fund Specialist
New York – (HedgeCo.net) – The hedge fund firm founded by Alex von Furstenberg and Mal Serure in 2003, Arrow Capital Management, has appointed Ivan Wanat to Director of Business Development. Ivan joins from Atlantic-Pacific Capital (and was previously with […]