Monthly Archives: July 2010

CityWire – Swiss banking giant Credit Suisse has become the latest entrant into the rapidly expanding Newcits market with the launch of its first Ucits III-compliant fund of hedge funds. The Luxembourg-domiciled Credit Suisse Solutions (Lux) Prima Multi-Strategy fund is […]

Bloomberg – By forcing Goldman Sachs Group Inc. to admit a “mistake,” U.S. regulators may be signaling a more confrontational approach to future settlements that could expose Wall Street to more investor lawsuits. In its $550 million accord with Goldman […]

Bloomberg – Federal regulators may find it difficult to determine whether hedge funds pose risks that could threaten the U.S. economy and what the government should do to rein in industry trading practices, Securities and Exchange Commission Chairman Mary Schapiro […]

Reuters – Cheyne Capital partner Cem Habib, one of London’s most high-profile hedge fund managers, has left the firm to work in a private equity role with a Kazakhstani investment bank. Turkish-born Habib, who joined Cheyne last year through its […]

NYT – Pity the typical hedge fund manager. Sure, he (or occasionally she) had a bad 2008. But the average fund returned nearly 20 percent in 2009. With investors also regaining their composure last year, hedge fund managers would have […]

WSJ – Hedge fund service provider LaCrosse Global Fund Services said Monday it has agreed to buy Bank of America Merrill Lynch’s global alternative fund administration business for an undisclosed amount, bringing its assets under administration to $21 billion. Prior […]

Bloomberg – Trivest Advisors Ltd., led by former State Street Global Advisors Inc. fund manager Wu Huimin, raised $93 million for its first hedge fund, said three people with knowledge of the matter. The equity long-short fund, run by Wu […]

NYT – Hugh Hendry has a big mouth, as Hugh Hendry will tell you. With a sharp wit and a sharper tongue, Mr. Hendry, a plain-spoken Scot, has positioned himself as the public contrarian thinker of this city’s very private […]

Hedge Fund Review Magazine – Hedge funds monitored by Edhec’s alternative indexes had a mixed June, with several strategies falling into negative territory both for the month and year to date. Long/short equity funds suffered most in June with a […]

Bloomberg – Japanese Prime Minister Naoto Kan’s aim for a weaker yen to boost exports is running into resistance from traders who are the most bullish on the currency all year. Bets by hedge funds and other large speculators on […]