Monthly Archives: February 2011
Activist Hedge Funds: Ramius Challenges Immersion Choice of Directors
New York (HedgeCo.net) – Alternative investment and hedge fund advisor Ramius Value and Opportunity Advisors LLC, a subsidiary of Ramius LLC., (Ramius) has challenged the board of top touch technology company Immersion to elect a new Director. Ramius also nominated […]
Hedge Funds Back In Style, What Advisors Should Know
Forbes – Like it or not, hedge funds are making a comeback. After taking a nasty fall post-Madoff, the hedge fund industry’s assets are approaching their historical peak with $1.917 trillion in the 4th quarter of 2010. That’s slightly shy […]
Zurich Beats Geneva As Swiss Hedge Fund Location – Study
Dow Jones – Zurich and its surrounding region offers the best location as a base for asset managers and international hedge funds, according to a study published Tuesday. “Zurich has a clear edge over Geneva, and with the Pfaeffikon and […]
Hedge funds against EU short-sale disclosure proposals
Hedge Funds Review – Fund managers are opposed to the European Union’s proposed short-sale disclosure requirements. They fear the rules could distort financial markets and impede their ability to manage risk. The findings are contained in a study by the international management consulting […]
Cohen Trades Secrecy for Golf With Investors Lured by 30% Gains
Business Week – In late January, billionaire Steven A. Cohen hosted a golf outing for two dozen people at the Bear Lakes Country Club in West Palm Beach, Florida. Most of his guests were investors in his hedge fund firm, […]
Blackstone’s Earnings Beat Predictions; Fortress Posts Loss
NYT – The private equity firm Blackstone Group posted better-than-expected earnings on Thursday, driven by increased performance fees and improved valuations of its portfolios. Private equity firms suffered in 2008 and 2009 from sliding stock markets, which reduced the values […]
New Fund Rules for Disclosure of Systemic Risks
NYT – The International Organization of Securities Commissions published Thursday the data hedge funds will be required to disclose as of September, The Telegraph reported. “IOSCO believes that regulators should seek to develop a comparable and consistent set of data […]
Hedge Funds Try ‘Career Trade’ Against Euro
WSJ – Some heavyweight hedge funds have launched large bearish bets against the euro in moves that are reminiscent of the trading action at the height of the U.S. financial crisis. The big bets are emerging amid gatherings such as […]
FINRA Proposes Further Expansion of Broker Information Publicly Available Through BrokerCheck
Washington, DC — The Financial Industry Regulatory Authority (FINRA) announced today that it is seeking authority to significantly expand the amount of information available to the public on current and former securities brokers through its free online BrokerCheck service. The […]
Goldman’s Dean Backer Helps Hedge Funds Care on $2 Million Goal
Bloomberg – Growing up in the Long Island, New York, village of Seaford, Dean Backer went door-to-door with his mother on Friday evenings seeking donations for a cancer charity. “At a very early age, my parents instilled in us the […]
Hedge Funds Lure More Cash From Pensions as Benefit Gap Looms
Bloomberg – Florida’s state pension system, manager of $112 billion for a million firefighters, teachers and garbage collectors, is set to decide next week on the size of its first investment in hedge funds. Executives of the fourth-largest state retirement […]