Monthly Archives: August 2012
Deal Making in Hong Kong, Distracted by Debauchery ‘$upercapitalist,’ Hedge Fund Trader in Hong Kong
NYT – The brainchild of the actor and producer Derek Ting (who wrote the script with Mr. Yin and countless others), this dollar-driven drama focuses on Conner (Mr. Ting), an uncannily prescient Asian-American hedge fund trader dispatched to Hong Kong […]
Citi Sells 500 Troubled Mortgages To Return-Hungry Hedge Funds
Forbes – Here’s one free-market solution to the housing crisis: Keep troubled borrowers in their homes by turning their homes into rental properties. Citi announced today launched a program for homeowners facing foreclosure. The pilot program is being tested in Arizona, […]
BNY Mellon named largest hedge fund UCITS administrator for second consecutive year
New York (HedgeCo.net) – Hedge fund admin giant BNY Mellon, has seen its Alternative Investment Services (AIS) business named as the largest global administrator of alternative UCITS funds in the second annual administration survey by Absolute UCITS publication. This is the second […]
Hedge fund enables insurers to capitalise on bank deleveraging
Risk.net – Hedge fund manager Tenax Capital has raised €250 million (£197 million) from insurers in a fund that invests in corporate bonds and loans that banks are seeking to offload. Tenax is seeking to take advantage of the de-leveraging […]
SS&C Technologies announced record revenues of $120.9 Million
New York (HedgeCo.Net) – Hedge fund tech provider SS&C Technologies Holdings, Inc., announced record revenues of $120.9 million. “I am delighted to report that our second quarter revenue of $120.9 million rose 31.6 percent year-over-year,” said Bill Stone, Chairman and Chief […]
Veritas – How gating funds in the crisis benefited hedge fund allocators
Investment Europe – The en masse gating of money in hedge funds during the global financial crisis caused more bad feelings than the asset management industry had seen for years. It also achieved three main goals. Only one of them […]
Busson Talking Tie-Ups Shows Decline of Hedge-Fund Middlemen
(Bloomberg) — On a Thursday night in May, Arpad Busson danced atop a white sofa, a cigarette in his hand, as the Pet Shop Boys performed their 1980s hit “West End Girls” at his annual hedge-fund charity gala in London. […]
Hedge Funds Elliott, Baupost, York Capital Lag Broad Market
WSJ – Several of the hedge-fund industry’s biggest names have been underperforming the broad market, underlining the difficulties investment managers–even experienced ones–faced in the second quarter as they grappled with recurring concerns over Europe and sputtering global economic health. Elliott […]
State officials say Jersey City hedge fund, execs bilked investors out of millions
NJ.com – They told would-be investors it was a hedge fund for the “little guys” and the “moms and pops.” But in reality, authorities said, the Jersey City investment firm Osiris Fund L.P. was little more than an elaborate fraud […]
Porsche fails to halt U.S. hedge fund lawsuit
(Reuters) – A New York state court has rejected a motion by Porsche SE to dismiss a $1.4 billion-plus lawsuit brought by 26 hedge funds alleging fraud and unjust enrichment stemming from its trading in Volkswagen’s shares four years ago. […]
Hedge Fund Launch: QAM Equity Hedge ETF
New York (HedgeCo.Net) – AdvisorShares, a sponsor of actively managed Exchange Traded Funds (ETFs), has launched the QAM Equity Hedge ETF The new fund is open for trading today, Wenesday, August 8, 2012. QEH is sub-advised by Commerce Asset Management, […]
Singapore regulator modifies hedge fund rules
Hedge Funds Review – Singapore’s regulator has finalised amendments to hedge fund rules that took effect from August 7. Changes concern the licensing, registration and business conduct of fund management companies. Singapore’s financial regulator has published final rules enacting changes […]