Monthly Archives: May 2009
Satellite Asset Management shutting down
Reuters India – Satellite Asset Management LP, a $2.8 billion (1.84 billion pounds) hedge fund founded by former employees of billionaire George Soros, is closing down because of client withdrawals, Bloomberg said on its website late Friday. The New York-based […]
Lipper: UK Hedge Funds led by Emerging Markets
West Palm Beach (HedgeCo.net) – UK-domiciled funds had a strong week to Friday May 8, led by global emerging markets products, according to data from Thomson Reuters research firm Lipper. Asia Pacific funds also performed well, as did funds investing […]
Man utilizes collection as economic ‘hedge fund’
Times Online – While many lose sleep over each twist and turn of today’s economy, New Jersey collector Ralph DeLuca has found a hedge against the recession in the musty memorabilia of Hollywood’s past. A former private investment consultant, DeLuca […]
Steel Partners opposes bid for Aderans stake
Reuters – U.S. hedge fund Steel Partners said it has urged shareholders of loss-making wig maker Aderans Holdings to reject an offer by Japanese private equity fund Unison Capital to buy Aderans shares. Japan’s Aderans said last month it supported […]
Battered Hedge Fund Managers’ Syndrome
Family Security Matters – Greed is good — until it gets in the way of a union-friendly restructuring deal. President Obama, generous recipient of Wall Street largesse, angrily derided a group of hedge fund managers this week as "speculators." The […]
US Hedge Funds Face Regulatory Tsunami, Report Says
New York Times Blogs – The biggest regulatory changes since the 1930s are bearing down on the U.S. securities and investment industry, and many firms are ill-prepared, according to a new study by research firm TowerGroup. From derivatives and hedge […]
Hedge Funds Not as Weak as Media Portrays
Seeking Alpha – For the last few months, the media has portrayed the hedge fund industry as in desperate need to hang on to as much capital as possible. Hedge fund limited partners have purportedly been lining up demanding breaks […]
Proactive Preparations For Hedge Fund Regulation
West Palm Beach (HedgeCo.net) – In a white paper which was presented to high-level asset managers in New York by FinServ Consulting, ‘Preparing for Alternative Asset Management Regulation’, it is said that hedge funds should be prepared to identify, aggregate […]
MFA Supports the Registration of Hedge Fund Advisors
West Palm Beach (HedgeCo.net) – In testimony before the House Financial Services Subcommittee; “Perspectives on Hedge Fund Registration”, the Managed Funds Association (MFA) announced its support for the new push for mandatory registration of managers with the SEC. "Though hedge […]
Hedge fund millionaire trumps offer for Panmure
Reuters UK – Hedge fund millionaire Bertrand des Pallieres’s SPQR Capital has launched a bid to trump BlueGem Water’s proposed stake building in stockbroker Panmure Gordon & Co. SPQR said that, via vehicle P.G. Holdings, it proposed to take part […]
Hedge fund AUM below $1 trillion: New Finance Capital
Reuters – Hedge fund assets under management around the world have probably fallen below $1 trillion, a top executive at hedge fund New Finance Capital LLP (NFC) said on Thursday. "There has been an enormous contraction in this industry. The […]
Madoff buddy, Ezra Merkin, sued over plunder from Ponzi scheme
New York Daily News – Ezra Merkin should have known better, a lawsuit claims. The Park Avenue hedge fund king funneled investments to Bernie Madoff and received millions in fees Merkin knew were the spoils of a massive Ponzi scheme, […]