Monthly Archives: May 2009
Switzerland Beats London as Home for Mobile Rich, Says Scorpio
Bloomberg – Switzerland is the world’s most attractive financial center for the “mobile wealthy,” beating London, Singapore and New York, according to a new survey by Scorpio Partnership. The Alpine nation ranks highest for economic and political stability, legal issues, […]
AIG trustee aids offshore hedge funds
The battered insurance giant AIG returns to Capitol Hill Wednesday facing another frosty reception in Congress – where three AIG trustees appointed by the U.S. government will make their public debut amid growing skepticism over their role at the company. […]
Trustee pursues Cayman Islands hedge fund
Caribbean Net News – Cayman Islands hedge fund Harley International Ltd withdrew $425 million from swindler Bernard Madoff in the three months before his arrest, according to a lawsuit seeking more than $1 billion from the fund. The lawsuit on […]
Hedge fund turmoil a boon for family offices
Guardian Unlimited – Tumbling markets and redemption waves have been murder on hedge funds, but the turmoil will free up top-tier talent for a quiet but well-heeled corner of the market: family offices. The world’s wealthiest, not content to hand […]
Ospraie’s Anderson to Give Commodities Hedge Funds Another Try
Bloomberg – Dwight Anderson, the commodities investor who liquidated his main Ospraie Fund last year after losing 39 percent, is planning a comeback with two new hedge funds set to open July 1. The Ospraie Equity Fund will buy and […]
Another Madoff linked hedge fund sued
NineMSN – The trustee overseeing the liquidation of disgraced financier Bernard Madoff’s assets sued another investment fund on Tuesday, claiming it owes Madoff’s victims more than $US1 billion ($A1.32 billion) it withdrew from his firm. The complaint in Manhattan bankruptcy […]
QPRC Patent Asset Hedge Fund Launch
West Palm Beach (HedgeCo.net) – Intellectual Property Asset Manager, Quest Patent Research Corporation, (QPRC) has entered into an exclusive capital management agreement with a newly formed Delaware limited liability company, PSI Capital Management, LLC. (PSI) to launch a new patent […]
Hedge Fund Managers In Bermuda To Register By June 30th
West Palm Beach (HedgeCo.net) – Two new legislations were introduced in Bermuda January 1, requiring regulated financial institutions to comply with various obligations under the recently updated legislative framework, according to Cayman Islands law firm Conyers Dill & Pearman. The […]
Hennessee: April Challenging but Hedge Funds Advance
West Palm Beach (HedgeCo.net) – Hedge fund adviser, Hennessee Group LLC, announced that the Hennessee Hedge Fund Index advanced +3.84% in April (+5.02% YTD). “April continued to be a challenging environment for hedge funds, as the market rally was driven […]
Why private equity regulation may be unnecessary
GrowthBusiness.co.uk – Its proposals would, if enacted, put an additional burden on both funds and the companies in which they invest. They have been greeted with dismay in the City, but what would they mean for the industry? The central […]
Demonizing hedge-fund managers
St. George Daily Spectrum – According to the Center for Responsive Politics, hedge funds and private equity firms donated $2,992,456 to the Obama campaign in the 2008 cycle. Obama, vocal critic of the campaign finance practice known as "bundling," accepted […]