Monthly Archives: July 2011
EU to force regulations on hedge fund pay
Telegraph – Experts at PriceWaterhouse Coopers have warned that a raft of asset managers who believed they would be exempt, will now face the same European pay rules as banks – including limits on cash payments; forced deferral and high […]
MKP Capital Co-Founder Perkins to Retire From Hedge Fund at Year-End
Bloomberg – Maurice “Chip” Perkins, co-founder of $4.5 billion hedge fund MKP Capital Management LLC, is retiring at the end of the year. Perkins, 53, recently served as Strategic Relationship Manager, focusing on developing senior relationships with investors and counterparties, […]
The Lone Star State attracts plenty of financial whizzkids
Economist – For a state more closely associated with cattle and cowboys, Texas is home to a surprisingly big herd of hedge funds. They manage around $40 billion, making Texas the fifth-largest US state for hedge-fund assets (after New York, […]
Hedge Funds Seek Partners Amid Cash Drought
Bloomberg – When Rory Dickson was planning a fund to invest in Asian consumer-related stocks, uncertainty over how much money he would start with meant he faced the prospect expenses would exceed the fees he stood to generate. Instead of […]
Grassley Questions Education Agency’s Ties to Hedge Funds
DealBook – Senator Charles E. Grassley is examining whether Education Department officials disclosed confidential government information to hedge fund managers, including the well-known stock picker Steve Eisman. The inquiry stems from the agency’s recent efforts to overhaul the for-profit college industry, which has […]
BHA: Investors Allocated $30 Billion to Hedge Funds in Q2
New York (HedgeCo.net) – Brighton House Associates (BHA) has released their quarterly report, which explores trends within the alternative investment industry during the second quarter. Some highlights from the report include: – The second quarter of 2011 was characterized by tumultuous […]
New Residency Ruling Creates Uncertainty For Taxpayers
New York (HedgeCo.net) – A recent decision issued by the New York Tax Appeals Tribunal which further expands the definition of “permanent place of abode” (PPA) opens the door to increased taxation for out-of-staters who own a second home in […]
After Soros, Which Hedge Funds Go Dark?
TheStreet – George Soros’ decision to return money from his hedge fund to outside investors has sparked worry that new regulations under Dodd-Frank will push hedge funds deeper into the dark. Soros will return about $1 billion to outside investorsby the end […]
Hedge funds not systemically risky, but UK regulator issues caveats
Global Pensions – Britain’s financial regulator says the low footprint hedge funds have in most capital markets means overall they pose a low systemic risk, but it has warned of a greater influence by the industry in areas such as […]
No new $ for Cohen flagship
New York Post – Despite being dogged by rumors of an insider-trading probe for nearly two years now, hedge-fund mogul Steve Cohen appears to have no trouble getting people to give him money. In fact, the 55-year-old billionaire founder of […]
U.S. Debt Rating, U.K. Hedge Funds, Broker Abuses, Iveco Fine: Compliance
Bloomberg – Standard & Poor’s President Deven Sharma declined to pick a winner among deficit-reduction plans being debated by U.S. lawmakers, telling a House panel that decisions on whether to downgrade the nation’s debt will hinge on the long-term impact […]
Ebullient hedge funds weigh up IPOs again
Reuters – Hedge funds are once again turning their attentions to flotations as a way of cashing in on resurgent interest in the $2 trillion industry, despite a poor year for IPOs and a chequered track record for the listed […]