Monthly Archives: February 2013
London’s hedge funds brace for bonus curbs
Reuters – London’s unique concentration of hedge funds, clustered around the leafy squares of Mayfair, are a particular boon for purveyors of luxury goods such as Stratford. But new European Union rules curbing the upfront pay of hedge fund managers, […]
Hedge Funds Up Offer For CommonWealth REIT, With A Catch
Forbes – Under fire from hedge funds, office and industrial commerical property owner CommonWealth REIT is standing its ground. The real estate investment trust said Wednesday it will push forward with a major equity offering, over cries of resistance from […]
South Carolina Hedge-Fund Bet Makes Pension Trail as Fees Soar
Bloomberg – South Carolina’s $27 billion pension dove into private equity and hedge funds in 2008, hoping to increase returns that were at the bottom tenth of public- employee retirement funds. Five years and $1.2 billion in fees later, its […]
Wall Street bonuses rise 8% for 2012 but industry warns of looming layoffs
Guardian – Wall Street bonuses totalled $20bn in 2012 as the financial industry’s profits tripled in a year, despite layoffs and dire predictions for the future. As public outrage over high Wall Street pay subsides, the securities industry is increasing […]
UK leads 12-state rebellion against EC hedge fund rules
Telegraph – Germany, Holland, Sweden and Austria are among 12 signatories of a strongly worded complaint, seen by The Daily Telegraph, about the EC’s “opaque” handling of controversial hedge fund rules. The 12 member states, including the UK, claim that the […]
Three Hedge Fund Employees Arrested in U.K. Inside-Trading Probe
Bloomberg – Three hedge fund employees were arrested in London on suspicion of insider trading by the U.K. finance regulator and police. The men, 33, 37 and 39 years old respectively, are all in custody for questioning, the U.K. Financial Services Authority said […]
New York hedge funds target local real estate empire
BizJournal – Shares in CommonWealth Real Estate Investment Trust surged 48 percent Tuesday after two hedge fund managers who own nearly 10 percent of the company threatened to unseat its board and acquire all outstanding shares at “a significant premium.” […]
SEBI Opens More Gate For Hedge Funds In India
Deal Curry – If the new allowance by the SEBI with regards to hedge funds is anything to go by, India may soon witness a case similar to the ongoing one in American-listed nutrition company Herbalife which is facing a […]
Tepper, Icahn, Cohen top Forbes hedge fund rich list for 2012
Reuters – Five of the $2 trillion hedge fund industry’s biggest names each took home more than $1 billion in earnings last year, according to an analysis released by Forbes on Tuesday. The financial magazine said hedge fund veterans David Tepper, Carl […]
FBI: Three Connecticut Hedge Fund Executives Charged With Fraud
New York (HedgeCo.Net) – A federal grand jury in New Haven has returned a 19-count indictment charging three executives of New Stream Capital LLC, a Ridgefield, Connecticut hedge fund, with conspiracy, securities fraud, and wire fraud offenses, the FBI reported […]
Alix Capital wins at the International Hedge Fund Awards 2013
New York (HedgeCo.Net) – Alix Capital, the Geneva-based provider of the UCITS Alternatives Index (UAI) family of indices, has been named “Overall Swiss Investment Boutique of the Year” at The International Hedge Fund Awards 2013. The awards held by Acquisition […]
Stock Market Boom Pushes Hedge Fund Services Stocks Up
New York (HedgeC0.Net) – With the stock markets touching a new high, brokerage companies are all set to benefit from increased interest in equity trading. However, the sector is still struggling to get past the previous meltdown and its profitability […]