Monthly Archives: February 2014
LIMMAT CAPITAL approved by the Swiss Financial Market Supervisory Authority
Starting the new year off in a positive direction, LIMMAT CAPITAL Alternative Investments AG was approved by the Swiss Financial Market Supervisory Authority (FINMA) as asset manager of foreign collective schemes on January 3. LIMMAT CAPITAL Alternative Investments AG is […]
Man Group Results for the financial year ended 31 December 2012
Man Group PLC reports that funds under management (FUM) at 31 December 2012 were $57.0 billion (31 December 2011: $58.4 billion). Other key points include: *Sales of $12.8 billion, redemptions of $20.1 billion, FRM acquisition $8.3 billion, investment movement of […]
Hedge Fund Fraud: Man Group Employee Arrested In London FSA Sting
New York (HedgeCo.Net) – An analyst at one of Man Group’s hedge fund managers is said to have been arrested in London on suspicion of insider trading, Bloomberg reports. “Investigators from the Financial Services Authority flanked by officers from the Metropolitan Police arrested the […]
Apple takes bite out of famed hedge fund managers
MSN – Investors interested in the strategies of David Einhorn and David Tepper may want to note that their top holding, Apple, is trading close to its 52-week low, and less than the average price either of the two managers paid for their shares. […]
J.P. Morgan Says Hedge Funds Using ‘Pocket Veto’ to Halt MF Global Suit
Fox News – J.P. Morgan Chase & Co. (JPM) says a group of hedge funds is trying to use a “pocket veto” to derail the bank’s bid to recover $928 million it lent to MF Global Holdings Ltd. just before […]
New York hedge funds target Boston 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.” […]
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 […]