Monthly Archives: February 2010
People Moves: GlobeOp names Jan Zlotnick chief marketing officer
New York – GlobeOp Financial Services has appointed Jan Zlotnick to the newly-created position of chief marketing officer. Zlotnick reports to Hans Hufschmid, GlobeOp chief executive officer, and will be based in the company’s New York City office. He is […]
Hedge Funds Slam Short-Sale Rule
NYT Blogs – It seems that the Securities and Exchange Commission can’t please anybody when it comes to their efforts to put limits on short-selling. The commission voted Wednesday to limit short-selling of stocks that are falling rapidly in price. […]
Regulators To Start Collecting Hedge Fund Data In Sept
WSJ – Hedge fund managers will have to start reporting to regulators high-level snapshots of their gross exposure to stocks and bonds and how much money they borrow from banks and other counterparties to regulators as early as September, the […]
Citi in talks to sell hedge fund unit – source
Reuters – Citigroup Inc is in advanced talks to sell its $4 billion hedge fund business to SkyBridge Capital LLC, a New York firm that invests in start-up fund managers, a person familiar with the matter said on Wednesday. Hammered […]
Short Selling Restrictions Approved By SEC
New York (HedgeCo.net) – The SEC adopted a new rule to place certain restrictions on short selling when a stock is experiencing significant downward price pressure. The measure is intended to promote market stability and preserve investor confidence. This alternative […]
People Moves: BTIG Hires Two US-Based Senior Sales Traders
New York – BTIG LLC, a broker dealer specializing in institutional trading and related brokerage services, today announced that it has made two senior hires in the U.S. as part of its ongoing global expansion. Brad Berk and Michael Stamberger […]
Insight into January Hedge Fund Performance
New York (HedgeCo.net) – January was a positive month for Fixed Income Arbitrage, with most strategies generating positive performance amid a fall in risky assets in the second half of the month, according to new Credit Suisse/Tremont report. Event Driven […]
Lampert Bets Sears Brands to Win Bigger for His Hedge Fund
BNET – So now America has one less reason to go to Sears (SHLD), and maybe one more reason to try to get into Eddie Lampert’s ESL Hedge Fund. Sears has struck an agreement that will make its exclusive Craftsman […]
UCITS 3 Hedge Funds Index Launch
New York (HedgeCo.net) – Geneva based hedge fund advisory company, NARA Capital, announced plans to release its UCITS Alternative Index to the public. A series of indices aims to track the performance UCITS hedge funds and funds of funds. ”NARA […]
FSA Wins Appeal in Document Case Over Amro International Fund
Business Week – The British financial regulator won a court appeal giving it the power to force a Panama distressed-debt fund to turn over documents as part of a U.S. investigation into illegal short-selling. The U.K. Financial Services Authority had […]
FSA’s hedge fund study should ease fear
Times Online – Supporters of the proposed EU crackdown on hedge funds and private equity firms admit that they played little role in causing the last crisis. But what about the next one? They should be reassured by a survey […]
Citi in Talks to Sell Hedge-Fund Business
WSJ – Citigroup Inc. is in talks to sell a hedge-fund business with about $4 billion in assets as the bank company continues to whittle down a $547 billion pool of assets marked for sale, according to people familiar with […]