Monthly Archives: July 2011
Scene Last Night: Hedge-Funders Sail From Greenwich, Soccer Rooftop Revels
Bloomberg – Yesterday afternoon a few dozen hedge-funders abandoned their desks to sail 12-Metre America’s Cup yachts on the Long Island Sound. The majestic boats made their way out of Indian Harbor Yacht Club in Greenwich, Connecticut, past the waterfront […]
Hedge Fund Launches Emergency Rapid Response Team
New York (HedgeCo.net) – Billionaire hedge fund manager Philip Falcone’s new satellite internet venture, LightSquared, is to invest in next generation satellite communications technology directed at public safety, “Push-to-Talk.” In addition, LightSquared has formed its own Emergency Rapid Response Team […]
Hedge Fund Launch: Global Managed Futures Fund by everTrend
New York (HedgeCo.net) – Robert Robbins, former manager of the long/short hedge fund Robbins Capital, has launched a new venture: everTrend Global, a macro managed futures fund with $2 million in assets. everTrend Global is a trend-following fund, designed to […]
New Residency Ruling Creates Uncertainty For Taxpayers
Hedge Fund Client Alert: 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 New […]
Hedge funders grouse over Obama speech
Greenwich Time – The toast of this suburban hedge fund hub four years ago, when Paul Tudor Jones II and George Soros opened their Rolodexes for him at a star-studded fundraiser in Greenwich, these days President Barack Obama is testing the loyalty of some […]
UCITS hedge funds offered as “disguised” products in Germany, Opalesque Austria Roundtable
Opalesque – Participants in the latest Opalesque Austria Roundtable, sponsored by Salus Alpha Group and the Opalesque Roundtable Series sponsor Custom House Group, and held in Vienna at the end of June, all agreed that it is easier to sell hedge funds products in […]
Hedge-Fund Chief Ruddock Gives Millions to Charity, Shuns Spotlight at V&A
Bloomberg – Paul Ruddock was eight when, on a visit to London’s Victoria & Albert Museum, he came across a boarded-up room of sculpture casts. “I remember looking through a chink in the plywood, seeing Trajan’s Column, and just being […]
Europe hedge fund launches bigger than ever: data
Reuters – New European hedge fund launches are starting life with more client capital than ever, data from EuroHedge showed on Wednesday, as investors put their faith in a select band of managers they think can guide them through choppy markets. […]
Wealth Managers to Boost Investments in Asia-Pacific Region
San Francisco Chronicle – Wealth managers are looking to boost allocations to markets in the Asia-Pacific region in the next 12 months as they expect higher returns, according to a study by Scorpio Partnership Ltd. Eighty-four percent of investment professionals […]
George Soros says, regulatory red tape leads him to bow out
Economic Times – Hedge fund legend George Soros has suggested regulatory red tape is leading him to bow out of investing other people’s money. He’s not alone. Stanley Druckenmiller and Carl Icahn made similar noises when handing back investors’ money. […]
Obama and Boehner Present Dueling Debt Plans
Accounting Today – President Barack Obama and Speaker of the House John Boehner, R-Ohio, made the case for their rival approaches to controlling the nation’s spiraling budget deficit as the clock ticks down to the August 2 deadline for raising […]
Soros to End Four-Decade Hedge-Fund Career, Return Money
Bloomberg – George Soros, the billionaire best known for breaking the Bank of England, is returning money to outside investors in his $25.5 billion firm, ending a career as hedge-fund manager that spanned more than four decades. Soros, who turns […]