Monthly Archives: May 2009
Hedge-Funder Cliff Asness Is Not Afraid of Barack Obama
Nymag.com – As monied housewives have seized upon the confessional essay as a means of expressing their feelings about the Greatest Depression, finance professionals have taken it upon themselves to resurrect a genre of letters that had, in the good […]
AIMA Guide to Sound Practices for Funds of Hedge Funds Managers
West Palm Beach (HedgeCo.net) – Global hedge fund association AIMA (The Alternative Investment Management Association), has published the world’s first global Guide to Sound Practices for Funds of Hedge Funds Managers. The guide was developed by some of the world’s […]
SHINE as 100 Women in Hedge Funds’ 2009 Beneficiary
West Palm Beach (HedgeCo.net) – Childrens educational program SHINE has been named UK Charity of the year by 100 Women in Hedge Funds and beneficiary of its Annual London fundraising event in October. “It is always a difficult process to […]
MassMutual unit told to return funds from Madoff
Boston Globe – The trustee in the bankruptcy case of swindler Bernard L. Madoff has told a hedge fund business owned by Massachusetts Mutual Life Insurance Co. to return money that it received from Madoff over the past six years. […]
Global hedge funds back U.S. oversight of advisers
Reuters – A global hedge fund industry group backs U.S. plans to require hedge fund advisers to register with federal regulators, a move that would align U.S. rules with those in the UK. The Alternative Investment Management Association, in remarks […]
Persky’s Dalton hedge fund to bet on distressed debt
Reuters – Hedge fund manager Steven Persky plans to start betting on companies’ bad fortunes again. Persky, who runs $1 billion hedge fund firm Dalton Investments, said on Wednesday he will re-launch his distressed debt strategy three years after liquidating […]
Blackstone, Fortress Seek Hedge-Fund Takeovers After Debt Slump
Bloomberg – Blackstone Group LP and Fortress Investment Group LLC are seeking to take over credit funds from managers unable to support their businesses after the value of investments fell. There are “a lot of companies that are on the […]
Fund of hedge funds firm HDF wins back inflows
Guardian Unlimited – HDF, France’s oldest fund of hedge funds company, has started to win back new inflows although some clients are still looking to exit and assets under management remain below the $3 billion level at the end of […]
Hedge Funds Lose In Chrysler Bankruptcy
The Business Insider – It looks like the "surgical" 30-60 day bankruptcy may be a go. Late last night, after a marathon session in court, Judge Arthur Gonzalez basically approved the plan to merge Chrysler into Fiat, rejecting the claims […]
Dow Jones Halts Hedge Fund Publications
West Palm Beach (HedgeCo.net) – Due to poor market conditions in the distressed securities space, Dow Jones’s hedge fund arm has suspended publication of the Dow Jones Hedge Fund Distressed Securities Strategy Benchmark. The Dow Jones Hedge Fund Convertible Arbitrage […]
Hedge fund regulation to capture listed fund sector
Citywire.co.uk – European regulation intended to introduce some controls on hedge funds will inadvertently capture almost all investment trusts. Draft rules released by the European Commission define ‘alternative’ funds as any non-UCITS investment fund, said the Association of Investment Companies. […]