Monthly Archives: May 2010
April: “A solid month for hedge funds”
New York (HedgeCo.net) – Single-strategy hedge funds saw overall inflows of $2.7 billion in March, bringing flows into positive territory for the year of approximately $835 million through the first quarter, Morningstar, a leading hedge fund database reports. “April was […]
Hedge Funds Tip-off FBI in Disney Debacle
New York (HedgeCo.net) – In what looks like an muddled attempt at insider trading, a Disney press office secretary was accused of trying to sell Disney’s quarterly figures three days before they were due to be announced, TimesOnline reported. It […]
Higher Tax on Buyout Firm Managers Would Hit Hedge Fund Sales
Bloomberg – Private-equity firms, trying to derail legislation that would boost taxes on their leaders’ pay, are attacking a provision that would make it more costly for executives to sell their own management firms. The provision, which also would affect […]
Man Group Sees Opportunity to Grow Assets
WSJ – Man Group PLC said Thursday it has entered “a period of significant opportunity” in its business, adding that it has high expectations that its planned $1.6 billion acquisition of GLG Partners Inc. will help lift assets and market […]
E.U. Proposes Bank Levy to Pay for Future Crises
NYT – A European Union official proposed Wednesday that member states tax banks to raise money for a fund that would be used specifically to manage future financial crises. But although the idea of such a fund is popular in […]
Why hedge funds will not defect
Fortune – Hedge funds have nowhere left to hide. In November 2008 the top five U.S. hedge fund managers went to Washington to defend their business practices. With credit markets reeling, legislators demanded supervision of the notoriously secretive industry. Kenneth […]
‘Sophisticated’ Investors and the Hedge Funds They Love
WSJ – The market tumult of the last two years has taught us something about these so-called “sophisticated” investors we’re hearing so much about these days: if we didn’t know they were so smart, most of them could easily be […]
How will hedge fund regulation affect the global marketplace
New York (HedgeCo.net) – Total hedge fund assets under management on a global basis are estimated at $2,700 billion according to a survey of custodians and administrators. Renowned hedge fund lawyer, Michael Tannenbaum, believes that hedge fund regulation needs some […]
Review: Texas Hedge Fund Roundtable
New York (HedgeCo.net) – Hedge fund industry publisher Opalesque has launched the 31st issue in a series of regional roundtable forums – the inaugural Opalesque Texas Roundtable. Keynote speaker, Kyle Bass, one of the handful money managers who correctly identified […]
China To Allow QFII Investors To Trade Stock Index Futures
WSJ – China has agreed to allow qualified foreign investors and foreign joint ventures to trade stock index futures though China’s Qualified Foreign Institutional Investor program, the U.S. said in a statement Tuesday, moving towards allowing institutional investors to hedge […]
Mass. state fund chief leaving for hedge fund firm
Reuters – The executive director of Massachusetts’ $44 billion state pension fund, one of the first to make big bets on hedge funds, is resigning and moving to a Chicago-based asset management firm. Michael Travaglini, 47, who has headed the […]
Hedge Fund Goes From $5 Billion to $300 Million
WSJ – London Diversified Management LLP, a hedge-fund firm that managed $5 billion at the beginning of 2008, shrunk to just $300 million over two years, after the performance of its flagship fund tumbled and investors pulled out money. The […]