Monthly Archives: September 2014
Hedge Fund Index: August performance 1.10%, September net flows advance 0.58%
New York (HedgeCo.Net) – SS&C GlobeOp announced that its Hedge Fund Performance Index for August measured 1.10% and its Capital Movement Index showed net flows advance 0.58% in September. “Subscriptions were nearly double that of redemptions for September, although capital […]
Norm Champ’s Remarks to the Practicing Law Institute, Hedge Fund Management Seminar 2014
Norm Champ, SEC Director, Division of Investment Management – “I am joined here today by two of my Investment Management colleagues – Dan Townley, who will be discussing the Volcker Rule later this afternoon, and Aaron Schlaphoff, who will be participating […]
SEC Tightens Regulatory Oversight For Hedge Funds
New York (HedgeCo.Net) – The Securities and Exchange Commission is creating a new office within the Division of Economic and Risk Analysis (DERA) that will coordinate efforts to provide data-driven risk assessment tools and models to support a wide range […]
Top Celebrities Raise $12 Million In Support Of Charity Day
New York (HedgeCo.Net) – Jake Gyllenhaal, Ben Stiller, Michelle Williams, Ed Burns, Steve Buscemi and many others joined Cantor Fitzgerald and hedge fund brokerage firm BGC Partners yesterday, raising approximately $12 million for charities around the world. Founded to commemorate […]
Treasury Is Weighing Action on Hedge-Fund Tax ‘Loophole’
Bloomberg – The U.S. Treasury Department said it’s considering ways to end a “loophole” that allows hedge-fund managers to avoid taxes by routing their investments through an insurance company in low-tax countries like Bermuda. The Treasury, in an Aug. 9 […]
Carl Icahn And Hedge Funds Are Driving Hertz Now
Forbes – Carl Icahn and the hedge fund crowd have grabbed the wheel at Hertz Global Holdings and are calling the shots at the troubled car rental company. Hertz announced on Thursday afternoon that it had struck a deal with […]
JDS Uniphase pushed to split by activist hedge fund
CNBC – Network gear maker JDS Uniphase said it would split into two separate public companies as it looks to expand in the data communication market and strengthen its network business. Shares of JDS Uniphase, worth $2.78 billion as of […]
Activist Investors Build Up Their War Chests
WSJ – A number of the largest activists are raising billions of dollars, in an effort to take advantage of their increasing clout in boardrooms and above-average hedge-fund returns. Daniel Loeb’s Third Point LLC recently raised a $2.5 billion war […]
San Francisco board delays hedge fund vote again
P&I – Board members at San Francisco City & County Employees’ Retirement System delayed a vote Wednesday on a plan to implement a hedge fund program for the second time in three months as they debated whether the investment is […]
HedgeCoVest Signs 33 Leading Hedge Fund Managers For Their New Liquid Alternatives Investment Platform
New York (HedgeCo.Net) – HedgeCo Networks LLC, a preeminent service provider to the hedge fund industry and operator of one of the most trafficked databases HedgeCo.Net is pleased to announce that its new liquid alternative investment platform, HedgeCoVest has signed 33 […]
Most Hedge-Fund Managers Are Overpaid, Unigestion Says
Bloomberg – Nine out of 10 hedge-fund managers are overpaid as management fees don’t reflect declining interest rates and fund returns, according to Unigestion Holding SA, which invests $2 billion in hedge funds. The fees, which still make up as […]
Alternative Capital Captures 20% Of Catastrophe Reinsurance Market
New York (HedgeCo.Net) – A new Report by Aon Benfield Securities, “Capital Revolution—Alternative Markets Fuel Dynamic Environment” (PDF), reveals that annual catastrophe bond issuance reached a record USD9.4bn – an increase of 41 percent over the prior year period. The high […]