Monthly Archives: March 2015
Board votes against investing in charter supporter’s hedge fund
NYP – In a rare move, the board that oversees the city’s retirement fund for civil servants killed a proposal to invest in a high-yield hedge fund — run by one of the city’s biggest investors in charter schools, sources […]
Registration Deadlines and Reporting Requirements for US and UK FATCA
There have been several recent updates on US and UK FATCA (Foreign Account Tax Compliance Act) requirements, including the registration process for the Cayman Islands Tax Information Authority’s (TIA) portal and the US Inland Revenue Service’s (IRS) IDES portal, ahead […]
BlueCrest to open $1 billion equity hedge fund to investors in April
Reuters – BlueCrest, the $14 billion hedge fund firm led by billionaire Michael Platt, is to open its high-performing equity fund to outside investors, marking a new attempt by one of Europe’s biggest hedge funds to expand into the asset […]
The Swiss National Bank: Central Bank or Hedge Fund?
Forbes – Swiss National Bank (SNB) President Thomas Jordan must feel as though he can’t get a break these days. The SNB reported a record $39.3 billion profit in 2014, and the proceeds were distributed to the country’s various federal […]
What Entrepreneurs Can Learn From the World’s Top Hedge Fund Manager
Entrepreneur – Hedge fund culture may be vastly different from the world of startups, but entrepreneurs shouldn’t turn a blind eye to useful lessons from high finance. That’s why in his book, Money: Master the Game, Tony Robbins delves into […]
Mercer Clients Get Fee Cuts in Half of Hedge Fund Investments
Bloomberg – Mercer, which manages and advises clients on $37 billion of hedge-fund investments, said it has negotiated management-fee cuts for them in half of the cases. Clients outside the U.S. pay an average annual management fee of 1.35 percent […]
Study: Hedge Funds Are Changing Fee Structures and Strategies
New York (HedgeCo.Net) – A majority of hedge fund managers expect a significant shift in their primary sources of capital to pension funds over the next five years, according to new research from KPMG International, the Managed Funds Association (MFA), and […]
Rep. Mike McKell: Utah Is “A Hot Bed For Financial Fraud”
New York (HedgeCo.Net) – A White Collar Crime Registry has been included in the Utah Code of Criminal Procedure allowing the public to check up on traders, hedge fund managers, investment advisors and the like, the NYT reports. “Utah is […]
New Treasurer Censors Hedge Fund Reports
Go Local – New state Treasurer Seth Magaziner has refused to release uncensored reports on more than a dozen hedge funds in which the state pension fund has invested, despite a campaign commitment to greater transparency than his predecessor, Governor […]
Kleiner Perkins Portrays Ellen Pao as Combative and Resentful in Sex Bias Trial
NYT – The esteemed venture capital firm Kleiner Perkins Caufield & Byers, its star partner, John Doerr, once said, “is a family, with occasional disputes.” Maybe, if by “family” you mean one of those clans where everyone is fighting for […]
Investors raise hedge fund allocations in March
Reuters – Investors raised their allocations to hedge funds marginally in March, with inflows and outflows largely unchanged from a month earlier, data showed on Wednesday. The SS&C GlobeOp Capital Movement Index, which calculates monthly hedge fund subscriptions minus redemptions, […]
Left-wing protesters target hedge funds
Crain’s – On Saturday, a cadre of liberal activists from New York City will travel to Greenwich, Conn., to protest outside the home of billionaire hedge-fund manager Paul Tudor Jones. It is the first time since the bailouts following the […]