Monthly Archives: May 2010
Fortis agrees sale of hedge fund unit to Credit Suisse
Hedge Funds Review Magazine – Credit Suisse is to buy Fortis Bank Nederland’s hedge fund administration unit Prime Fund Solutions (PFS) after months of negotiation. News that the two banks were in talks broke in December 2009. Fortis has now […]
Hedge Funds Increase Long Bets on Gasoline to Four-Year High
Bloomberg – Hedge fund managers and other large speculators increased their bullish bets on gasoline to record highs in the week ended May 4, according to the U.S. Commodity Futures Trading Commission. Long positions in gasoline futures and options outnumbered […]
AIMA Concerned over Dual Registration for non US Hedge Fund Managers
New York (HedgeCo.net) – The Alternative Investment Management Association (AIMA) – the global hedge fund industry association – has expressed concern about the issue of dual registration for non-U.S. investment advisers (hedge fund managers) in legislation currently being debated on […]
Euro Rises Sharply On EU Stability Package
WSJ – The euro rose sharply against the yen and dollar in Asia Monday as a series of remarks from the European Central Bank strengthened views that the authorities have created necessary safe-net measures and prompted non-Japanese hedge funds to […]
Fund-Rules Debate Rages as E.U. Nears Decision
NYT – The debate over European Union legislation that would introduce stricter regulation of the private equity and hedge fund industries intensified in Britain as the European Parliament stood poised to approve the directives. While the expected approval by European lawmakers […]
Luxembourg weathers financial crisis and aims to attract more hedge funds
Investment International – Luxembourg’s financial services sector has weathered the global downturn as innovation has helped this tiny European country to stay ahead, according to a new report. It is now home to 12,115 funds and 360 custodian companies with […]
Hedge Funds, The Final Fronteir: Space Insurance
New York (HedgeCo.net) – For any hedge fund managers with an eye to the sky, specialist risk adviser, Aon’s International Space Brokers, is launching the Investment Protection Insurance, a policy designed to cover the loss of an investment in a […]
EU Close to Hedge-Fund Deal
WSJ – European Union lawmakers are nearing an agreement on hedge-fund legislation that would significantly restrict the ability of funds based in some offshore tax havens to raise money from EU investors, the lawmaker in charge of the legislation at […]
AIG May Benefit From Rebound in Private Equity, Hedge Funds
Business Week – American International Group Inc., the insurer that posted a $1 billion writedown from hedge funds and private equity investments in the first quarter of last year, may have benefited from a rebound in the holdings. Rivals including […]
Recently Launched Hedge Fund Outranks Competition
New York (HedgeCo.net) – UK and US based, MVP Asset Management LLC’s recently launched hedge fund, the MVP Premium, reports returns of 46% since inception (38 months), placing it amongst the top 1% across all three share classes (EUR, GBP, […]
New regulations could attract big hedge funds to Singapore, it is claimed
Investment Intervational – New rules for hedge funds in Singapore will support smaller managers in an increasingly popular hub for alternative investment vehicles, it is claimed. The hedge fund trade association has welcomed proposed new rules that recognise the needs […]