Monthly Archives: April 2012
Fuchs Seeks $800m For Nomura-Backed Hedge Fund
Jakarta Globe – Former Nomura Holdings trader Benjamin Fuchs will launch a multi-strategy hedge fund on June 1 with backing from Japan’s largest investment bank, expanding the list of high-profile start-ups this year. Nomura will match the amount that Fuchs’ […]
NY hedge fund manager Loeb launches open war on Yahoo
FirstPost: Tech – Hedge fund manager Daniel Loeb has intensified his firm Third Point’s proxy battle with Yahoo, launching a website calling for a management shakeup at the online media company. ValueYahoo.com also boasts a blog, links to articles covering […]
Hedge Fund Launches: Orwell Currency Alpha I and II
New York (HedgeCo.net) -Orwell Capital, a UK based hedge fund manager, is launching two absolute return funds in Q2 2012. The funds, Orwell Currency Alpha I and II, aim to generate consistent positive returns through a systematic investment strategy using […]
AR Magazine: Hedge Fund Managers – 2011’s Top 5 Earners
New York (HedgeCo.net) – The hedge fund industry’s top 25 managers took home a combined $14.4 billion in 2011, according to AR magazine’s annual Rich List survey of the world’s top-earning hedge fund managers. The average pay for the top […]
Hedge fund industry irate at new rules from European commission
Opalesque – The hedge fund industry is loudly attacking a new draft of “supplementing rules,” to the Alternative Investment Fund Managers Directive (AIFMD) being circulated by the European Commission. The 110-page draft takes a much hard stance on alternative investments, and […]
SFO Secret Settlements, Wells Fargo, Confirmations: Compliance
Bloomberg – Britain’s Serious Fraud Office, which prosecutes corporate bribery, uses too many secret settlements in foreign corruption cases, the Organization for Economic Cooperation and Development said. The SFO is using more so-called civil-recovery orders that require less oversight from courts and […]
Fraud squad: High-profile investment scams offer lessons for all
Winnipeg Free Press – Bernie Madoff, Earl Jones, Allen Stanford and Andrew Lech are all famous for one thing. They were all jailed in the last few years for defrauding investors of millions and in some cases billions of dollars. […]
Segantii fund’s 41 pct gain lifts AUM to $550 mln
Reuters – Segantii Asia-Pacific Equity Multi-Strategy Fund has more than doubled assets since mid-2011 to $550 million, defying a tough capital-raising environment and net outflows from Asian hedge funds during the period. The growth was powered by 41 percent gain […]
Funds Cut Bullish Bets, Goldman Goes Neutral: Commodities
Bloomberg – Investors pared bullish commodity bets on signs of slowing growth in China and as Goldman Sachs Group Inc. cut its recommendation on raw materials. Hedge funds and other money managers reduced combined net- long positions across 18 U.S. […]
Hedge fund fury at Brussels directive
Telegraph – They are irate that hard-won compromises over the contentious Alternative Investment Fund Managers Directive appear to have been ditched by the EC, potentially damaging their business and preventing US and Asian fund managers accessing European investors. The row […]
OpEd: Estate Planning with Hedge Fund Performance Allocations (part two) Wealth Transfer Options
New York (HedgeCo.net) – By hedge fund specialist law firm Holland & Knight partner Bradley M. Van Buren. Continued from part one – Under current tax law, for gift and estate tax purposes, each individual has the ability to give away […]
AIMA Launches Brazil Hedge Fund Initiative
New York (HedgeCo.net) – The Alternative Investment Management Association (AIMA), has launched an initiative to engage with the Brazilian hedge fund industry and announced the appointment of a local representative, Michelle Noyes of BRZ Investimentos. “The maturity and sophistication of […]