Monthly Archives: August 2009
Offshore Hedge Fund Tax Shelter on the “White List”
West Palm Beach (HedgeCo.net) – The Organisation for Economic Cooperation and Development (OECD) added the Cayman Islands to its ‘white list’ of jurisdictions that implement international tax standards for investors such as hedge funds and other alternative investors. Jeffrey Owens, […]
Sweden mulls EU summit ahead of G20 meeting
The Swedish Wire – Sweden, which holds the rotating EU presidency, is consulting European capitals and “most of them are positive” about the idea, said Roberta Alenius, spokeswoman for Swedish Prime Minister Fredrik Reinfeldt. “The prime minister wants a summit […]
Pinpoint Funds Beat Peers With China Stocks, Bonds
Bloomberg – Pinpoint Investment Advisor Ltd., a hedge fund manager of $560 million, returned as much as four times its Asian peers this year through July with profits from a rebound in Chinese stocks and debt securities. The $70 million […]
Citadel fund files $470 mln claim against Lehman
Reuters – Hedge fund Citadel Investment Group claims it is owed $470.5 million on derivatives contracts it held with Lehman Brothers, according to a claim filed in a New York bankruptcy court last week. Citadel, which manages around $12 billion […]
$8.8 million paid to clients of former financial adviser
The Tribune – The more than $8.8 million judgment awarded to clients of Jeffrey Forrest has been paid, six months after a financial regulatory agency determined that the former San Luis Obispo investment adviser had misrepresented a risky hedge fund […]
After the Swiss tax deal, could hedge fund investors be next?
Marketwatch – The IRS last week reached an agreement with the Swiss government and UBS AG that will result in thousands of Americans who thought they had a secret Swiss bank account having their names and account details turned over […]
After the Swiss tax deal, could hedge fund investors be next?
Marketwatch – The IRS last week reached an agreement with the Swiss government and UBS AG that will result in thousands of Americans who thought they had a secret Swiss bank account having their names and account details turned over […]
Hedge funds in 2009 recovery
Cayman Compass – The average hedge fund recorded gains of 2.42 per cent in July data released by hedge fund data provider Hedge Fund Research shows. Hedge fund assets have increased on average by more than 12 per cent in […]
Citadel fund files $470 mln claim against Lehman
Reuters – Hedge fund Citadel Investment Group claims it is owed $470.5 million on derivatives contracts it held with Lehman Brothers, according to a claim filed in a New York bankruptcy court last week. Citadel, which manages around $12 billion […]
Harvard seeks to manage more money internally: report
Reuters – Harvard University’s multibillion dollar endowment is adopting a strategy of selling off some holdings in hedge funds, private-equity firms and other money managers to bring more money under the control of internal investing staff over the next few […]
Arrest Over Software Illuminates Wall St. Secret
New York Times – Criminal and civil charges against a former Goldman Sachs employee offer a glimpse into the turbulent world of ultrafast computerized stock trading, Alex Berenson wrote in The New York Times. Flying home to New Jersey from […]