Monthly Archives: July 2010
Event-driven hedge funds popular in M&A revival
Reuters – Hedge fund selectors are backing managers who bet on corporate events such as mergers, bankruptcy or restructuring, believing there will be more “special situations” to exploit as firms battle through the downturn. Funds of hedge funds believe “event-driven” […]
Hedge funds still attracting billions in new cash
Reuters – Hedge funds pulled in $9.5 billion during the second quarter with nervous investors preferring to send their money to the biggest and best established managers, according to industry tracker Hedge Fund Research Inc on Tuesday. Hedge fund managers […]
Hedge Funds: A Tale of Two States
DealBook – When Gov. David A. Paterson and New York’s legislative leaders unveiled a plan last month to tax out-of-state hedge fund managers, the move ignited something of a border war between New York and Connecticut, another stronghold of the […]
Hedge Fund Implications & Impact of the Dodd-Frank Reform
New York (HedgeCo.net) – Hedge funds and private equity funds will be impacted by the Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Obama, according to Sadis and Goldberg. The Dodd-Frank Act includes the Private Fund Investment […]
Finnowave Hedge Fund Aims to Quadruple Assets With Japan Pension Money
Bloomberg – Finnowave Investments, a Japanese hedge-fund firm, aims to quadruple assets to 100 billion yen ($1.2 billion) in about two years after it won a license to manage funds, making it easier to lure local pension money. Finnowave obtained […]
As financial reform becomes law, SEC emerges with new powers and duties
Washington Post – The financial regulation law signed by President Obama on Wednesday will arguably affect no federal agency more than it does the Securities and Exchange Commission. The SEC is required to issue 95 new regulations governing a wide […]
Madoff trustee targets hedge funds for $3.6 billion
CNN – The trustee overseeing the liquidation of convicted fraudster Bernard Madoff’s investment firm has expanded his lawsuit in U.S. bankruptcy court, setting his sights on one group of hedge funds in particular. Irving Picard amended his suit — initially […]
Closed-End Funds Oppose Activism With False Arguments
Seeking Alpha – Previous articles described the conflict between institutional investors in closed-end funds and the managers of those funds. Discount reduction measures can benefit shareholders, but they reduce the managers’ fees and profits. So far this year at least […]
MEPs hopeful of deal on hedge-fund regulation
European Voice – Negotiators from the European Parliament believe that they may be close to breaking a deadlock with the Council of Ministers over proposals to tighten the EU’s regulation of hedge funds. The proposals for EU-wide rules on management […]
53 New Asian Hedge Funds Raise $2.13 Billion
New York (HedgeCo.net) – The latest AsiaHedge New Funds Survey reports that 53 new Asia-Pacific hedge funds raised a combined $2.13 billion in the first half of 2010. Hong Kong emerged as the destination choice for a majority of these […]
