Monthly Archives: July 2010
Pillsbury Law: SEC Adopts New Measures to Curtail Pay to Play Practices by Hedge Fund Advisers
New York (HedgeCo.net) – The Securities and Exchange Commission (the “SEC”) today voted unanimously to approve new rules to significantly curtail the influence of “pay to play” practices by investment advisers. Pay to play is the practice of making campaign […]
Gartmore launches new hedge fund for John Bennett
Introducer – Gartmore anticipates EU’s Alternative Investment Fund’s Directive with its first Dublin-domiciled hedge fund. We are pleased to announce the launch of the Gartmore AlphaGen Pan-European Equity Hedge Fund. The Fund launched yesterday, 30 June, and will be managed […]
BlackRock’s Novick Goes to Washington as Firms Step Up Lobbying
Bloomberg – BlackRock Inc.’s Barbara Novick was contemplating retirement a year ago when Chief Executive Officer Laurence D. Fink asked her if she would jumpstart lobbying efforts in Washington. The acquisition of Barclays Global Investors on Dec. 1 had made […]
Connecticut starts border war over NY hedge funds
Reuters – Connecticut Governor Jodi Rell on Wednesday restarted her state’s on-again, off-again border wars with New York by inviting hedge funds to relocate to escape rising income taxes. Cash-starved New York is poised to collect an extra $50 million […]
Former regulators find steady work with hedge funds
Reuters – The hedge fund industry’s latest attempt at making nice with U.S. securities regulators appears to involve going out and hiring former regulators of their own. In recent weeks a handful of former top U.S. Securities and Exchange Commission […]
Northern Trust Completes Outsourcing of Hermes Fund Managers Investment Operations
Market Watch – Northern Trust announced today it has successfully migrated the investment operations for Hermes Fund Managers, a leading multi-boutique asset manager offering investment solutions to institutional clients globally, to the Northern Trust platform. With the migration complete, Northern […]
SkyBridge Completes Acquisition of Citi’s FoHFs, Hedge Fund Seeding and Advisory Businesses
New York (HedgeCo.net) – $7.4 billion global alternative investment firm, SkyBridge Capital (SkyBridge) has completed its acquisition of the fund of hedge funds, hedge fund seeding and hedge fund advisory businesses from Citi Alternative Investments LLC (CAI). The hedge fund […]
Hedge Fund Shareholder Joins Board of Directors
HedgeCo.net (West Palm Beach) – Hedge fund founder J. Winder Hughes, III, has joined wastewater treatment and power generation technology company, ThermoEnergy Corporation, on the Company’s Board of Directors. Hughes is the Managing Director of the private equity firm of […]
The New Hedge Fund Bucket List: Sojourn to the Middle Kingdom
Wall Street Journal Blogs – From its 17th-floor offices in the New Beijing Poly Plaza building, the monolithic landmark commissioned by the state-owned conglomerate China Poly Group Corp., China’s massive sovereign-wealth fund has established itself as a prime destination for […]
Hedge fund rebels aim to oust Strategic Equity Capital bosses
Hedge fund Fortelus and other investors are preparing to oust the management of a publicly listed investment trust because they disagree with its investment decisions, the Guardian has learned. The growing row provides a rare insight into the way hedge […]
New funding sought for U.S. “clunker” program
Reuters – The U.S. government’s $1 billion "cash for clunkers" auto sales incentive program reached its funding limit unexpectedly after an avalanche of business exhausted its funds, an Obama administration official said late Thursday. Auto dealers began offering government-backed rebates […]
Tollgrade posts loss as proxy vote looms
Pittsburgh Post-Gazette – In a conference call with analysts yesterday, Joseph A. Ferrara, president, chief executive officer and board chairman of Tollgrade Communications, highlighted the company’s ”transformational activities” during the past quarter, including selling off its cable product line for […]
