Monthly Archives: February 2013
Final FATCA Regulations Have Been Issued
The Foreign Account Tax Compliance Act (FATCA) provisions were introduced in response to instances where foreign assets of U.S. taxpayers were discovered to have been hidden in offshore accounts and held through foreign entities. This resulted in a substantial amount of […]
Life insurers fight hedge fund legislation
LH – Life insurers are beating back legislative attempts in various states by hedge funds who invest in the life settlement industry and settlement providers to keep premiums on resold life insurance policies once they have been deemed to have […]
Argentina, hedge funds set for U.S. appeals court battle
Reuters – A long-awaited showdown in a U.S. appeals court next week pits Argentinaagainst a group of investors who refused to swap their debt after the country’s historic 2002 default. Argentina risks defaulting again, this time on $24 billion in restructured debt if […]
Brevan Howard Alumnus Edwards to Start Asia Stock Hedge Fund
Bloomberg – Tristan Edwards, a former trader at Brevan Howard Asset Management LLP, has raised seed investment for a hedge fund in Singapore that will invest in Asian stocks based on a short-term trading strategy. Mosaic Asset Management Pte will start running […]
HSBC shuts Duggal’s India hedge fund after outflows
Reuters – HSBC’s asset management arm is to shut down an India-focused hedge fund run by high-profile manager Sanjiv Duggal, in spite of strong returns last year, after cash withdrawals from investors. A spokesman for HSBC Global Asset Management told Reuters […]
Hedge Fund Giant John Paulson Reduces Financials, Puts Money in Other Sectors
Forbes – John Paulson’s investing philosophy is based on making sector bets according to his interpretation of the macroeconomic picture. The strategy paid off well when he made $3.7 billion in 2007 shorting the subprime mortgage market and another $5 […]
Hedge Fund Industry’s Premier Charity Gala Reaches 15th-year Anniversary
New York (HedgeCo.Net) – The 15th Annual New York Open Your Heart to the Children Benefit will take place on Thursday March 7, 2013 at Cipriani 42nd Street in the heart of Manhattan (110 East 42nd Street, opposite Grand Central Station), from […]
Imagine Software Expands Nordic Presence with Signing of Asymmetric Asset Management
Imagine Software, a leading provider of real-time portfolio and risk management solutions worldwide, today announced that Asymmetric Asset Management selected its award-winning Imagine Trading System. The Nordic-focused hedge fund follows a global macro strategy, with a long/short opportunistic overlay, and […]
Hedge Fund People: Eliot Goldberg Joins Grassi & Co. as Tax Principal
New York (HedgeCo.Net) – Eliot Goldberg, CPA, has joined Grassi & Co. as a Tax Principal and will be working out of NY. Eliot possesses more than 20 years of diversified tax experience with his core focus being in the financial […]
Valuation Research Group Named Hedge Fund Valuation Firm of the Year
Valuation Research Group (VRG) has been honored as the U.S. Valuation Services Firm of the Year as part of the 2013 International Hedge Fund Awards. VRG is the only valuation firm recognized in this year’s worldwide awards. Acquisition International, a […]
Cayman Islands: hedge funds and offshore finance
The success of the Cayman fund regulations are based on the innovation, creativity and forethought of the local legal and structuring talents more than a decade ago. Very quickly, the Cayman hedge fund has become the default model for an […]
News Hedge Funds Review European Single Manager Awards 2013 open for entries
Hedge Funds Review – Hedge funds with a significant presence in Europe are invited to enter the European Single Manager Awards. The awards recognise the best hedge funds, judged on quantitative and qualitative criteria. Entries for Hedge Fund Review’s 13th Annual European […]