Monthly Archives: February 2014
PEGCC Statement on Chairman Camp’s Tax Proposal
Steve Judge, President and CEO of the Private Equity Growth Capital Council, made the following statement in response to House Ways and Means Committee Chairman Dave Camp’s (R-MI) tax reform discussion draft, as referenced in his Wall Street Journal op-ed this morning: […]
Connecticut Lender Faces Civil Money Penalty for Violating RESPA
LoanSafe – On Monday, the Consumer Financial Protection Bureau ordered a Connecticut mortgage lender, 1st Alliance Lending, LLC (First Alliance), to pay an $83,000 civil money penalty for violating federal law by illegally splitting real estate settlement fees. First Alliance self-reported these […]
A Former Hedge Fund Manager Is Selling His Florida Beach House For $US13 Million
Business Insider – Alberto Franco, emerging market expert and former hedge fund manager at Quantek Frontier, is selling his modern South Florida beach front home, the Wall Street Journal reports. According to the listing, the 8,960 square foot residence offers an […]
Hedge Fund Founder Speaks At Harvard Business School
New York (HedgeCo.net) – George Schultze, Founder and Managing Member of hedge fund Schultze Asset Management, LLC., was a lead speaker in Harvard Business School’s Creating Value Through Corporate Restructuring course taught by Professor Stuart Gilson yesterday. During the three […]
Six Hedge Fund Players Top $1 Billion Payday
New York (HedgeCo.Net) – Forbes put out a list of hedge fund executives with the most pay in 2013. The 25 highest-earning hedge fund managers and traders made $24.3 billion in 2013. George Soros had the highest pay, $4 billion. […]
Hedge Funds Faith in BOJ Easing Fades as Yen Shorts Cut
Bloomberg – Hedge funds are losing confidence in Bank of Japan Governor Haruhiko Kuroda’s ability to keep depreciating the yen to boost growth and banish deflation as they wait for a second round of monetary easing to materialize. Speculators and other leveraged […]
A Hedge Fund Manager Says SAC Taint Is Manageable
NYT – Dmitry Balyasny is one hedge fund owner who isn’t afraid of hiring traders from SAC Capital Advisors as long as they were far away from the “messiness” that engulfed the firm during the federal government’s crackdown on insider […]
Republican Hedge Fund Manager Backs Gay Marriage
New York (HedgeCo.Net) – Paul Singer, the founder and CEO of hedge fund Elliott Management, presented awards to Ted Olson and David Boies, the two lawyers that won the Claifornia Supreme Court case challenging Proposition 8. “The building block of every community is […]
Hedge Fund Strategy: BNY Mellon Acquires HedgeMark
New York (HedgeCo.Net) – BNY Mellon has signed an agreement to acquire the remaining 65% interest of current affiliate and hedge fund risk analytic services, HedgeMark International, LLC., Zacks Equity Research reports. BNY Mellon has held a 35% ownership stake in HedgeMark since […]
EU lawmakers and member states agree bonus curbs for fund managers
Reuters – EU lawmakers and member states agreed on Tuesday [Feb. 25] to curbs for fund managers’ pay similar to new rules for bankers, including a three-year deferral of 40 percent of bonuses. The legislation could be in place next […]
Hedge fund acquires stake in ConnectOne
North Jersey – A group of Washington, D.C.-area hedge funds has acquired a stake in ConnectOne Bancorp in Englewood Cliffs, which is poised to more than double in size through a proposed merger with a Union County rival. According to a […]
Hedge Funds Wrestle with Employee Personal Account Trading Conflicts
Forbes – Trading ahead of client accounts. Insider trading. Breach of fiduciary duty. These were just some of the concerns that the SEC had when it adopted the requirement for investment advisers to establish policies to monitor employee personal trading in 2004. While […]