Monthly Archives: February 2010
Funds Face Tax Increase in Obama’s Budget
NYT – The hedge fund and private equity industry may not have been too pleased with some of the proposals put forth by President Obama in his 2011 budget blueprint Monday, Reuters says. The president once again proposed taxing carried […]
Banks shouldn’t be hedge funds, Volcker tells Senate
Market Watch – The federal safety net for commercial banks should protect depositors, not speculators, former Federal Reserve Chairman Paul Volcker told senators on Tuesday, urging them to pass the so-called Volcker Rule that would ban banks from trading for […]
The Top Ten Hedge Fund Launches Of 2009
New York (HedgeCo.net) – Assets raised by hedge fund startups in 2009 fell 36% from the previous year, marking the second year in a row that new fund assets declined significantly, according to the biannual AR New Funds Survey, published […]
FSA warning: thousands of names on share fraudster ‘master list’
Telegraph – The Financial Services Authority and City of London Police have this week written to 6,500 homes across the UK to warn people that their details are on a ‘master’ list being used by share fraudsters to target people […]
Commerzbank Disbands Fund Of Hedge Funds Arm
WSJ – Commerzbank AG has wound down its $1 billion (EUR720 million) fund of hedge funds management business, Comas, after abandoning a sale process run by Goldman Sachs. The bank has returned the assets to investors and let the team […]
GFIA Shuns Chinese Hedge-Fund Coverage for Lack of Transparency
Business Week – GFIA Pte, a Singapore-based hedge- fund firm and consultant, said it stopped coverage of most Chinese hedge funds because they lack transparency and sold all of its investments with mainland Chinese managers. The value of GFIA’s China-dedicated […]
AMG Buys Majority Stake In UK Fund Manager Artemis
WSJ – Affiliated Managers Group Inc., the Boston-based holding company of investments in hedge fund groups and other asset managers, Monday said it is taking a majority stake in U.K. fund manager Artemis Investment Management Ltd., formerly a unit of […]
Funds Face Tax Increase in Obama’s Budget
NYT – The hedge fund and private equity industry may not have been too pleased with some of the proposals put forth by President Barack Obama in his 2011 budget blueprint Monday, Reuters says. The president once again proposed taxing […]
White House Budget Seeks 10% Increase In SEC Staff
WSJ – The U.S. Securities and Exchange Commission would be able to add 374 new investigators, examiners, and other staffers if President Barack Obama’s budget request for close to $1.3 billion for the regulator is granted by Congress, SEC officials […]
Ex-Millennium’s Sullivan In Talks to Join Hedge Fund, Bank
Bloomberg – James Sullivan, a former managing director of Millennium Management LLC’s Asian business, said he has been in talks to join another hedge fund or bank since leaving the firm in December. Sullivan and Harvey Liu, who worked with […]