Monthly Archives: May 2010
Brevan Howard Opens $200 Million Commodities Fund to Investors
Bloomberg – Brevan Howard Asset Management LLP, Europe’s largest hedge fund manager, started accepting external investors for a fund investing in energy and commodities. Brevan Howard Commodities Strategies Master Fund Ltd. got $200 million from its parent company when it […]
Skybridge Alternatives Conference In Las Vegas
WSJ – It’s rare that four of the most successful and well-known hedge-fund managers in the world are all on the same stage. But it’s happening today at the Skybridge Alternatives Conference in Las Vegas. James Dinan of York Capital […]
The Problem With Absolute Return Funds
Forbes – Mutual fund outfits are selling the glamour and mystique of hedge fund strategies. You’d be better off with a plain old balanced fund. These are trying times for mutual fund managers. In the wake of the biggest stock […]
Fund manager tax bill could hit House floor Friday
Reuters – A proposal to hike taxes on profits earned by investment fund managers will again be reviewed by the U.S. House on Friday, the chairman of the tax-writing panel in that chamber said on Wednesday. The tax on so-called […]
Trading-Firm Breakdowns Accompanied Market Chaos
WSJ – As the stock market spiraled out of control two weeks ago, two major firms that handle trades for retail brokerages suffered trading breakdowns. One, the big Chicago hedge-fund firm Citadel Investment Group, stopped taking orders for a number […]
Hedge Fund Lawyers: SEC Proposes Stock-by-Stock Circuit Breaker Rule
New York (Hedgeco.net) – The SEC is filing proposed rules under which they would pause trading in certain individual stocks if the price moves 10% or more in a five-minute period, according to hedge fund law firm Pillsbury Investment Funds. […]
Europe tightens the screws on hedge funds
Deutsche Welle – A statement released after a meeting of European Union finance ministers in Brussels on Tuesday said the EU had “agreed a mandate for negotiations with the European parliament” to harmonize hedge fund regulation across the 27-nation bloc. […]
Always Look On The Bright Side Of Fund Legislation
WSJ – For those fund managers feeling gloomy about their prospects after the Alternative Investment Fund Managers Directive advanced along various legislative paths in Europe this week – well, they’re probably right to. After all, the passage by both the […]
Man deal may do little to solve U.S. woes
Reuters – London-based Man Group Plc’s math does not add up — at least when it comes to expanding in the rapidly growing U.S. hedge fund market, where it has been trying to establish itself for years. By merging with […]
Hedge Funds Bet Europe’s $1 Trillion Bailout Won’t Solve Crisis
BusinessWeek – Kyle Bass, who made $500 million in 2007 on the U.S. subprime collapse, is betting Europe’s debt crisis won’t be solved by the $1 trillion loan package the International Monetary Fund and European Union agreed on last week. […]
Hedge funds shift failed bank investing strategies
MarketWatch – Hedge fund firms and other private investors have shifted their strategies for investing in the wave of bank failures breaking across the U.S. Initially, hedge funds and private-equity investors tried to buy failed banks directly from the Federal […]