Monthly Archives: April 2010
Hedge funds rally around Goldman Sachs, dismiss SEC case as ‘childish’ and all drama
Opalesque – Embattled global investment bank Goldman Sachs found an ally in big names from the hedge funds industry, who described the U.S. Securities and Exchange Commission (SEC) charges against it as “childish” and all drama. Activist hedge fund Ken […]
SEC probes hedge funds’ use of side pockets: report
Reuters – The U.S. Securities and Exchange Commission is taking a closer look at whether hedge fund managers abused a practice known as “side pockets” to prevent clients from withdrawing billions of dollars during the 2008 financial crisis, the Wall […]
Hedge Funds Are Gradually Recovering From Crisis
Seeking Alpha – Out of the woods, but still a bit dazed and confused and more than a little circumspect: That’s the message from Ernst & Young’s annual survey of senior executives at 100 of the largest global hedge funds, […]
U.S.’s Sobel Says EU, U.S. Should Cooperate on Hedge Fund Rules
BusinessWeek – Hedge funds in Europe and the U.S. need a “tough and rigorous oversight regime” that doesn’t inhibit transatlantic competition, a U.S. Treasury Department official said in Brussels today. Mark Sobel, a deputy assistant secretary who often represents the […]
Hedge funds face first global risk check
Reuters – Regulators will take their first global snapshot of risks posed by hedge funds in September as part of wider efforts to police the sector more closely, a top regulatory official said on Tuesday. The International Organisation of Securities […]
Wall Street Casino
NYT – Congressional Republicans have concluded that screaming foul about the banking bailout and blocking financial reform is a clever strategy for the fall elections. This approach ignores some pretty basic history: that the banks imploded while Republicans held Congress […]
White Paper Examines Convergence Between Traditional and Hedge Fund Managers
New York (Hedgeco.net) – BNY Mellon and Greenwich Associates have published a new study that examines the current and projected future state of convergence between traditional long-only investment managers and hedge fund managers. The study – ‘Breaking Down the Walls‘ […]
Singapore says to tighten rules for hedge funds
Reuters – Singapore’s central bank proposed tighter rules for hedge funds managing assets below S$250 million ($183 million), requiring them to have a minimum capital and two representatives residing in the city state. Regulators around the world are tightening rules […]
Q1 Research: Current Market Environment and its Effect on Hedge Fund Returns
A new research paper, “Staying the Course: Q1 2010 Hedge Fund Update,” released by Credit Suisse Tremont Index LLC., reports that the hedge fund industry (the Broad Index )continued its positive performance into 2010, returning 3.1% in the first quarter […]
Venture Capital Seeks Shielding From Fund-Manager Tax Hike
NASDAQ – Venture capital firms are asking lawmakers to shield them from a tax increase Congress is considering on fund-manager pay-outs from successful investments. Their argument, essentially that venture capital is more deserving of favorable tax treatment because it has […]
DBS to invest up to $150 mln in Hong Kong fund
Reuters – Singapore’s DBS will invest up to $150 million in a fund being launched by Hong Kong-based Myo Capital that will pick distressed debt in Asia-Pacific excluding Japan, the two companies said on Tuesday. DBS Asset Management has also […]
Buffett’s longest bet looking better
Fortune – Unaudited results are in for the second year of “Buffett’s Big Bet” — Warren Buffett’s 2008 wager against Protégé Partners that a low-fee index fund will outperform certain funds of hedge funds — and the famous investor has […]
