Monthly Archives: July 2012
China opens up to foreign hedge funds
New Statesman – China has given foreign hedge funds permission to use funds from Chinese residents in investments abroad. This reform, called the Qualified Domestic Limited Partner programme, is the latest and boldest in a series of reforms to open […]
Court Approves $17 Million in MF Global Trustee Fees
Reuters – A bankruptcy judge on Wednesday [July 11] green-lighted about $17 million in fees for the law firm that employs James Giddens, the trustee working to recover money for former customers of MF Global’s broker-dealer unit. Judge Martin Glenn […]
Amid SEC Charges, Hedge Fund Manager Phil Falcone Attempts Audacious IPO
Forbes – Phil Falcone, the embattled billionaire hedge fund manager, has put together an unorthodox IPO that will see his hedge fund firm contribute assets valued at $350 million to a blank check company that will trade publicly. In the […]
Passport To Wind Down Materials Hedge Fund After 31% Loss
Bloomberg – Passport Capital LLC, the $3.4 billion hedge fund founded by John Burbank, plans to wind down its materials fund after a 31 percent loss this year, according to a letter to investors obtained by Bloomberg News. The Passport Materials […]
Hedge funds get an app store
Opalesque – New York-based, portfolio technology provider, Imagine Software has launched the Imagine Financial Platform (IFP) and the Imagine Marketplace. Together, the solutions provide a portfolio management platform for financial professionals in addition to an App Store-like marketplace for fund professionals to […]
LIBOR Price Fixing Case is Getting Work For Lawyers
HedgeWorld – More than a dozen current and former employees of several large banks under investigation for allegedly trying to manipulate benchmark interest rates have hired defense lawyers over the past year, according to people familiar with the matter. The […]
Barclays’ Rate-Fixing Is the Tip of a Much Larger Scandal, Bank Officials Say
The Daily Beast – You ain’t heard nothing yet. If you thought the admission by Barclays Bank that it manipulated the key interbank lending rate was shocking, be prepared for a series of larger jolts which could expose the banking […]
Renaissance Technologies awarded best long/short equity hedge fund and single manager fund of the year
New York (HedgeCo.Net) – The best performing single manager and fund of hedge funds (FoHF) in the US, Canada and Latin America were recognized yesterday at the Hedge Funds Review Americas Awards 2012. Individuals were also honoured for their contribution to the hedge […]
Hedge Funds Up 0.06% In June
New York (HedgeCo.Net) – The Hennessee Hedge Fund Index increased +0.06% in June (+2.10% YTD), while the S&P 500 gained +3.96% (+8.66% YTD), the Dow Jones Industrial Average advanced +3.93% (+5.42% YTD), and the NASDAQ Composite Index increased +3.81% (+12.66%) […]
Analysis – Hedge funds pin hopes on French revolution
Reuters – France’s small band of hedge fund managers, long dismissed as risk-addicted buccaneers in their home market, are betting on a renaissance as investors burned by stocks and sovereign debt look elsewhere for returns. It is a Europe-wide trend but […]
China opens door to foreign hedge funds
FX Street- In a move designed to open its capital account China has permitted foreign hedge funds to approach wealthy citizens for funds to invest overseas, according to sources in the industry. The reform, called the Qualified Domestic Limited Partner […]