Monthly Archives: May 2010
Cornell Endowment Chief Plans to Start Hedge Fund
Bloomberg – James Walsh, the departing endowment chief at Cornell University, plans to start a $150 million hedge fund with performance fees that are spread out over three years. The fund, named Cayuga Capital Partners for Cayuga Lake near Walsh’s […]
Former Lehman Execs Launch Distressed Structured Credit Fund
ABC News – 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, said the partners in the fund firm, Oracle Capital. […]
Orszag Says Higher Tax on Fund Managers to Pass Within Weeks
Bloomberg – White House budget director Peter Orszag predicted Congress would approve higher taxes on managers of private equity firms, real estate funds and other investment partnerships in the coming weeks. Orszag, speaking yesterday at a conference in New York […]
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 […]
Moore Lambasts E.U. Hedge Fund Rules
NYT – Louis Bacon, who topped the list of the U.K.’s richest hedge fund managers in 2010, is apparently none too pleased with European lawmakers moves to increase regulatory oversight of the hedge fund industry. In a letter to investors […]
Hennessee: Hedge Funds Advance +1.30% In April
New York (HedgeCo.net) – The Hennessee Hedge Fund Index advanced +1.30% in April (+4.61% YTD), while the S&P 500 increased +1.48% (+6.42% YTD), the Dow Jones Industrial Average advanced +1.40% (+5.57% YTD), and the NASDAQ Composite Index advanced +2.64% (+8.46% […]
Tullett venture to raise money for hedge funds
Reuters – Brokerage Tullett Prebon has set up a venture to raise money for hedge funds and private equity funds in the hope of tapping investors returning to these portfolios as the credit crisis eases. The world’s second-largest interdealer broker […]
EU’s Barnier Says Hedge-Fund Compromise Is Possible
BusinessWeek – Michel Barnier, the European Union’s financial services commissioner, said that a final agreement between the U.S. and EU on rules to regulate hedge funds is “possible soon.” “The debate on hedge funds and private equity is in the […]
EU-based hedge fund-style products pull in $200 billion
Reuters – Investors have poured almost $200 billion into “hedge fund lite” and alternative funds based in Europe, data showed on Tuesday, as clients scarred by the credit crisis seek transparent ways to access hedge fund returns. Figures from research […]
Selig and Hedge Fund Face Off Over Rangers
NYT – The Major League Baseball Commissioner Bud Selig and a group of creditors led by hedge fund Monarch Alternative Capital are reportedly playing a game of hardball over the hamstrung sale of the Texas Rangers. According to the Sports […]
European debt crisis ‘manageable,’ says Paulson
MarketWatch – The sovereign debt crisis in Europe is “manageable” and doesn’t pose a risk to broader markets, said John Paulson, head of hedge fund giant Paulson & Co., on Monday. Paulson also urged people to buy houses in the […]
EU lawmakers to vote on hedge funds, supervision
Reuters – European Union lawmakers are due to vote on Monday to control hedge funds and centralise market supervision as part of wider efforts to learn from the financial crisis and better protect investors. The European Parliament’s economic affairs committee […]