Monthly Archives: February 2013
Bank Regulation May Hit Deutsche Bank Harder Than Expected
WSJ.com – Germany’s plans for tighter financial market regulations is likely to hit Deutsche Bank DBK.XE -0.75% harder than once expected. That’s because the legislation, which will require big banks to separate retail and investment activities, will be especially stringent […]
Ex-Hedge Fund Boss Lost Claim Versus RBS on Ponzi Account
Bloomberg – A former hedge-fund manager who invested about 20 million pounds ($31.4 million) in a Ponzi scheme lost a claim against Royal Bank of Scotland Group Plc’s NatWest unit, which operated accounts used in the fraud. Jeremy Stone, a […]
Hedge, Private Equity Managers Must Wait on Bonuses: ESMA
Bloomberg – Senior hedge-fund and private-equity managers may face long waits for bonus payouts in a push by the European Union to impose bank-style pay rules on the industry. Bonuses for risk-taking employees should be withheld for a period of […]
Notz Stucki Expects to Beat Hedge-Fund Investments Gains
Notz Stucki & Cie, a Swiss money manager trying to stem shrinking assets, expects to beat last year’s gain in its hedge-fund investments even as it reduces allocations to alternative funds. Investments in hedge funds including Stephen Mandel’s Lone Pine […]
Apple to ‘evaluate’ hedge fund’s cash demand
CNET – In a response to a legal threat from a prominent shareholder, Apple says it’s still evaluating its cash pile options. After a complaint from a notable Apple investor that the company needs to share more of its cash […]
How a Hedge Fund Can Use Insider Information Legally
CNBC – The government is convinced that money managers who consistently beat the market are probably using insider information to produce these abnormal returns. Unfortunately for prosecutors who want to shut this kind of thing down, one way this is […]
Hedge funds trade on ahead of Argentine debt showdown
(Reuters) – Hedge funds are actively trading in Argentina’s choppy markets ahead of its legal showdown with rebel sovereign bondholders later this month. Investors and creditors are waiting to see if a U.S. court upholds a ruling made on February […]
Kazakh Central Bank Seeks Private Equity and Hedge-Fund Managers
Bloomberg Businessweek – Kazakhstan’s central bank will select private equity fund-of-fund managers and fund-of-hedge-fund managers to place as much as $300 million as the Central Asian nation plans its first alternative investments. The tender requirements stipulate that potential private- equity […]
Commodity hedge funds lose 20% of assets
Financial Times – Commodities hedge funds surrendered at least 20 per cent of their assets last year after investors pulled out large sums following the sector’s worst annual performance in more than a decade, according to fund managers and investors. […]
Hedge Funds Have Bought Yelp, Charter And More
Seeking Alpha – Investors can stay on top of hedge fund activity partly by keeping track of 13D and 13G filings, which report significant percentage stakes in public companies. The nature of the filing requirements means that these filings are […]
Citigroup Names $6.8 Billion Fund-Unit Spinout Napier Park
Bloomberg – Citigroup Inc., the third-biggest U.S. bank, renamed an internal hedge-fund unit Napier Park Global Capital as it spins out the business with about $6.8 billion in holdings under management. Regulators have granted key approvals for the move, and […]