Monthly Archives: May 2010
Hedge Fund Inquiry Will Slam Small Funds
CNBC – The latest push for greater regulatory scrutiny of hedge funds will likely be a boon to the biggest, most established hedge funds and a blow to smaller fund managers. Nearly four years ago, the federal courts struck down […]
Hedge Fund Launch: Global Equity Strategies Fund
New York (HedgeCo.net) – Luxembourg based Global Equity Strategies Fund (QQP) has launched operations today, May 18th, 2010. The new global long-short equity fund has appionted Capital Partners Limited (TQCP), a member of the Hedge Fund Association (AIMA), as its […]
EU Seeks U.K. Hedge Fund Deal After Parliament Vote
Bloomberg – European finance ministers are seeking to find a compromise with the U.K. on hedge-fund rules a day after the Parliament approved tougher laws for investment managers in the 27-nation bloc. Yesterday’s vote by the European Parliament’s economic and […]
Merkin Investor Awarded $1.8 Million in Madoff Case
Bloomberg – An investor in J. Ezra Merkin’s Ascot Partners LP, a feeder fund for Ponzi schemer Bernard Madoff, was awarded $1.75 million by arbitrators who found Merkin intentionally breached his fiduciary duty by not disclosing Madoff’s role in the […]
Hedge funds continue to add in financials
Reuters – Some prominent hedge fund managers increased their stakes in financial stocks in the first quarter, showing confidence that the U.S. economy is back on a sustainable growth path. Hedge fund manager John Paulson, who famously bet three years […]
Commission Gets Data on Hedge Funds
WSJ – The biggest lobbying group for hedge funds has handed over names and contact information for its more-than 2,600 members to a congressional commission studying the financial crisis, after the commission demanded it, according to a letter to the […]
Icahn’s Funds Sell CIT Stake, Cut Yahoo Holdings, Filing Shows
Bloomberg – Billionaire Carl Icahn disclosed that his hedge-fund group sold its 4.9 percent stake in New York- based CIT Group Inc. and cut its holdings in Yahoo! Inc. by more than half. Icahn Capital LP listed no CIT holdings […]
People Moves: IMC Expands Investment Grade Credit Team
New York (HedgeCo.net) – Dutch hedge fund firm, IMC asset management, announced the hiring of a team of four senior investment professionals, and the launch of an investment grade credit corporate offering, within its core European credit capability. The investment […]
Hedge Fund Law Opposed by U.S, U.K. Set for EU Votes
BusinessWeek – A European Parliament committee may approve a proposal tonight to force hedge funds outside the EU to agree to transparency standards in exchange for a so-called passport to market to investors in the 27-nation bloc. EU finance ministers […]
Man Acquisition of GLG, Launches $63 Billion Hedge Fund
New York (HedgeCo.net) – Hedge fund giant Man Group has created a hedge fund managing $63 billion after acquiring rival $23.7 billion hedge fund GLG Partners in a $1.6 billion in deal. Man Group held a presentation today at 9.30am […]
Seeking less scrutiny, hedge funds flock to Asia
Reuters – As regulators in developed markets step up oversight of hedge funds, these free pools of capital are increasingly set to make their home in Singapore and Hong Kong. That will accelerate the flow of talent and foreign funds […]