Monthly Archives: February 2014
U.S. SEC reviewing if some high-speed traders should register
Reuters – U.S. securities regulators are studying whether more proprietary high-speed trading firms should register as broker-dealers, which would subject them to greater oversight, a U.S. Securities and Exchange Commission official said on Friday [Feb. 21]. Speaking at the Practicing […]
SS&C GlobeOp Forward Redemption Indicator: February notifications 3.38%
The SS&C GlobeOp Forward Redemption Indicator for February 2014 measured 3.38%, up from 2.67% in January. “Redemption requests increased slightly for the month, but remain consistent with the February historical averages, ” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. The […]
Hedge-Fund Billionaires Invest in Politics from Two Perspectives
PNS – Two hedge-fund billionaires with opposite political leanings have just organized themselves and their wealthy friends to inject more than $100 million into this year’s electoral campaigns. Their efforts continue the pattern made possible by judicial rulings that have […]
Madoff victim fund receives over 9,000 claims, extends deadline
Reuters – More than 9,000 claims from people who say they were defrauded by Bernard Madoff have been submitted to a $4.05 billion fund set up by the U.S. government, and victims of the swindler’s Ponzi scheme were given two […]
Hedge Fund Manager Research Is Paramount Says Northern Trust Director
New York (HedgeCo.Net) – Hedge funds trailed the S&P 500 in 2013, the fifth year in a row. Yet, while hedge funds returned an average 7.4% last year, some investors saw double-digit returns from their hedge fund managers. According to […]
Hedge Fund Dad Founds Company To Save His Son
New York (HedgeCo.Net) – A former hedge fund banker at JPMorgan has founded a biotechnology company after discovering that his son suffered from Duchenne muscular dystrophy (DMD). Ilan Ganot left his hedge fund career behind him and moved to Boston to peruse a […]
At trial, ex-Madoff aide Bonventre denies he knew of fraud
HedgeWorld – Only minutes into the prosecution’s questioning of former Bernard Madoff aide Daniel Bonventre at trial on Wednesday [Feb. 19], it was clear he was in for a long day. Assistant U.S. Attorney Randall Jackson asked Bonventre repeatedly whether […]
Mark Cuban to SEC: Go after high-speed trading, not insider trading
Reuters – Dallas Mavericks owner and prominent investor Mark Cuban is never shy about criticizing the U.S. Securities and Exchange Commission and its failure to prevail in its high-profile insider-trading case against him last fall. As it turns out, he […]
SEC Announces Initiative Directed at Never-Before Examined Registered Investment Advisers
The Securities and Exchange Commission today announced that its Office of Compliance Inspections and Examinations (OCIE) is launching an initiative directed at investment advisers that have never been examined, focusing on those that have been registered with the SEC for […]
U.S. judge asks if Goldman can cover ex-trader Tourre’s penalties
Reuters – A U.S. judge on Thursday [Feb. 20] weighed the limits of the U.S. Securities and Exchange Commission’s ability to punish former Goldman Sachs Group Inc. trader Fabrice Tourre, including whether the agency could block him from asking the […]
Upstarts Hope to Make 2014 a Blowout Year for Hedge-Fund Debuts
WSJ – A host of notable hedge-fund startups are expected to begin operating in 2014, each with at least $500 million—and in one case $2 billion—to invest. Bankers and lawyers who work with such funds say this is likely to […]
Study: Education Paramount as Alternatives Become More Mainstream Among Investors
New York (HedgeCo.Net) – Despite the growing proliferation of liquid alternative funds attracting considerable assets from investors, a recent study shows a vast majority of certain investors are not familiar with the term alternative investment. In November of 2013 Invesco […]