Monthly Archives: May 2010
Barclays Expands Prime Services Team as Asia Draws Hedge Funds
Bloomberg – Barclays Plc, the U.K.’s third- largest bank by assets, said it increased the number of people on its prime services team in Asia by about 65 percent as more international hedge-fund managers trade the region’s markets. The Barclays […]
EU to Seek Equal Treatment for Foreign Funds
WSJ – The European Commission wants to ensure that overseas hedge funds are given “equal treatment” under the European Union’s new rules for hedge funds and private-equity firms, the commission’s top policy maker on financial regulation said Monday. The issue […]
Platinum Horse Racing Ventures Fund Launch
New York (HedgeCo.net) – Susan and John Moore established M & M Stable in 2000, after ten years of solid success and having developed an extraordinarily high percentage of Stakes Horses, they are now starting a Fund which will invest […]
Dow Drop: Hedge Funds, Market Confidence & SEC Prestige on the Line
New York (HedgeCo.net) – “Getting to the bottom of the facts that led to this collapse of the market is as important as any single enforcement action the SEC may undertake this year,” said G. William Currier, a partner in […]
Milken Institute: Hedge Fund Industry Trends
New York (HedgeCo.net) – Investor due diligence, managed accounts, the role of large hedge funds, and return expectations were industry trends highlighted by Hans Hufschmid, CEO, GlobeOp Financial Services at the Milken Institute Global Conference held in Los Angeles, CA. […]
Gartmore stung by outflows from Rambourg suspension
Reuters – UK fund manager Gartmore said clients withdrew more than 1 billion pounds ($1.46 billion) in the wake of the suspension of one its top fund managers, highlighting the “key man risk”, which haunts the sector. Gartmore suspended Guillaume […]
Hedge funds, private equity expect tax hike
Reuters – Private equity, real estate and hedge fund managers are increasingly resigned to a tax increase on their profits as lawmakers get set to vote next week on a long-delayed measure. At issue is a change in the tax […]
US, EU Reaffirm Support For ‘Level Playing Field’ For Hedge Funds
WSJ – The U.S. and European Union have yet to come to a specific agreement regarding the regulation of overseas investment funds but maintain they are on the same page in principle. In a statement issued after a meeting of […]
Bayview to Hire Alphex’s Takamatsu, Fold in Fund
BusinessWeek – Bayview Asset Management Co., a Tokyo-based investment boutique, will hire Alphex Investments Co. President Ichiro Takamatsu in July and fold some of the 1 billion yen ($10.8 million) fund he manages into its own. Alphex, a Tokyo-based hedge-fund […]
Ex-Lehman Executives Launch Hedge Fund
NYT – Former Lehman Brothers Asia executives, who headed the bank’s structured products division and its syndicate business, have launched their maiden hedge fund investing in distressed structured credit assets, Oracle Capital, Reuters reported. Oracle Investment Fund, targeting assets of […]
Offshore Hedge Funds moving to Europe
New York (HedgeCo.net) – In a response issues surrounding the Eurozone as of late, Gregg Davis, CEO of FDi Consulting said “Within the hedge fund space there are concerns of new regulatory shifts that will make the EU a more […]
Rajaratnam, Deutsche Bank, AIG, Goldman in Court News
BusinessWeek – “AMD on August 1st, now 13th,” Rajaratnam wrote in an Aug. 2, 2006, instant message sent to an RBC Capital Markets analyst. The analyst responded: “Hey, for the tickets have to choose package B?” “What’s going on?” Securities […]