Monthly Archives: July 2010
Hedge fund blues
New York Post – The sun may be shining, but it’s gloomy in Greenwich, where normally savvy hedge fund mavens are stinging from a second straight month of losses and clueless about what to do next. Even yesterday’s superstars are […]
Former SEC Agent Walks On Hedge Fund Fraud Charges
New York (HedgeCo.net) – A former lawyer for the SEC was sentenced to two years of supervised release, Dow Jones reported. Robert L. Miller had plead guilty to conspiracy to commit wire and securities fraud late last year in connection […]
UCITS Hedge Fund Strategy Index down 0,15% in June
New York (HedgeCo.net) – After notable losses in May, the UCITS hedge fund strategy (HFS) Index was negative again in June 2010, although only by -0,15%. After the first week of trading every sub-strategy returned positive results, consequently the broad […]
Carlyle Is Sued by Liquidators of Firm’s Hedge Fund
WSJ – Carlyle Group is being sued by liquidators of the buyout firm’s hedge fund Carlyle Capital Corp., or CCC, which collapsed in March 2008 following ill-timed investments in the mortgage-bond market, a spokesman for the liquidators told Dow Jones […]
Banks rally for second day to lift Europe
MarketWatch – European banks rallied for a second day on Thursday, lifted by a combination of corporate profit hopes, emerging details of stress tests and a broker upgrade of the sector. After gaining 1.4% on Wednesday, the Stoxx Europe 600 […]
Credit Suisse Said to Spin Off Credit Hedge Funds
Bloomberg – Credit Suisse Group AG, Switzerland’s biggest bank by market value, plans to spin off two credit hedge funds by the end of September, said two people briefed on the matter. Candlewood Special Situations, a fund overseen by Michael […]
Hedge Funds ‘Frozen in Headlights’ Cut Trading as Markets Swing
Bloomberg – Hedge-fund managers, Wall Street’s best compensated and supposedly smartest investors, are dazed and confused. Reeling from the worst second-quarter performance in a decade, hedge funds have scaled back trading as they struggle to figure out where markets are […]
Hermitage Capital receives more death threats
Telegraph – A senior executive at Hermitage Capital Management has received death threats for pursuing allegedly corrupt Russian police officers in events that echo the killing last year of the hedge fund’s former investigative lawyer Sergei Magnitsky. The director, who […]
Hedge fund law will damage City
CityAM – Yesterday, the EU parliament delayed its plans to vote through amendments to the Capital Requirements Directive concerning bankers’ remuneration until September. The directive is expected to implement bankers’ pay reforms that will take effect in January 2011. The […]
Commission sets deadline for hedge fund risk survey
HFM Week – The deadline for US hedge fund managers to respond to a nationwide survey on market risk has been set for the end of July, as the committee investigating the effects of the global financial crisis in the […]
Banking Overhaul Treads Softly on Money Managers
WSJ – Money management is emerging as a rare pocket of the financial-services sector that is likely to avoid major change under the bank-overhaul bill recently agreed by Congress, according to some analysts. Key changes created by the far-reaching bill […]
People Moves: Union Bancaire Privee Hires Expert For US Hedge Fund Expansion
New York (HedgeCo.net) Geneva-based private bank Union Bancaire Privee (UBP) has appointed Larry Morgenthal as CEO of UBP Asset Management, the Group’s US business. He also assumes the role of Chief Investment Officer of Alternatives. Morgenthal will spearhead the renewed […]
