Monthly Archives: September 2013
State Street finds hedge fund investors dictate change in industry
Opalesque – Patrick Hayes, head of hedge fund operations, Ireland for State Street’s International Fund Services (IFS), is in an excellent position to assess developments in the global hedge fund industry. Some 1000 people work for State Street’s IFS in Dublin, […]
Matt Taibbi on How Wall Street Hedge Funds Are Looting the Pension Funds of Public Workers
Rolling Stone – In his latest article for Rolling Stone, Matt Taibbi reports that Wall Street firms are now making millions in profits off of public pension funds nationwide. “Essentially it is a wealth transfer from teachers, cops and firemen […]
U.K. Labour Party Promises Tax Hikes For Hedge Funds
FIN – The U.K.’s next general election is still more than a year-and-a-half away, but the opposition Labour Party is already taking aim at hedge funds. Labour leader David Miliband said this weekend that he’d close tax loopholes for hedge […]
Private equity, hedge funds must be understood to be regulated effectively
Oxford University Press – In the aftermath of the global financial crisis, much ill-feeling remains towards Wall Street, the investment banks and those individuals who profit from short-term movements in the financial markets. As the crisis has dragged on, more […]
Hedge funds back Geithner as Fed chief
CNBC – Former U.S. Treasury Secretary Tim Geithner shouldn’t be ruled out as a candidate for the next Federal Reserve chairman, according to delegates at a big U.S. hedge fund event in Singapore. Ben Bernanke’s term as chairman of the […]
Renaissance Technology Hedge Fund Founder Wins Carnegie Medal of Philanthropy
New York (HedgeCo.Net) -The American mathematician who founded one of the world’s most successful hedge fund companies, Dr. James Harris Simons and his wife, economist Dr. Marilyn Simons are this year’s recipients of the Carnegie Medal of Philanthropy, which recognizes those who use […]
Hedge Fund Mergers And Acquisitions: GAIN Capital Completes Acquisition of GFT
New York (HedgeCo.Net) – Hedge fund resource provider GAIN Capital Holdings, Inc., has completed the acquisition of Global Futures & Forex, LTD (“GFT”). “The acquisition of GFT will yield numerous benefits for our clients, partners and shareholders,” said Glenn Stevens, Chief […]
SEC Charges Former President of California-Based Investment Firm With Fraud
New York (HedgeCo.Net) – The former president of a purported private equity real estate firm based in San Bernardino, Calif., has been charged with defrauding nearly 500 investors who purchased promissory notes under the false premise that they were secured […]
Hedge funds wanted Summers to head Fed
CNN – Billionaire hedge fund managers slammed the White House’s handling of the Federal Reserve chair nomination process thus far and are disappointed that Larry Summers won’t get the job. “I think the process, specifically talking about Larry Summers and […]
Most Traditional Hedge Fund Strategies Probably Aren’t Worth Big Fees Anymore
Business Insider – One of the highlights of yesterday’s Bloomberg Markets 50 Summit was, without a doubt, the conversation between alternatives king Cliff Asness (AQR) and Lawrence M. Schloss, who is the Chief Investment Officer for the City of New York’s $145 […]
Hedge funds decry Larry Summers ‘fiasco’
CNBC – Prominent hedge fund managers on Tuesday criticized President Obama’s decision not nominate Larry Summers to be chairman of the Federal Reserve. “I think the process, specifically talking about Larry Summers and the decision to not move forward with […]
A Hedge Fund Manager Who Doesn’t Mind a Losing Bet
NYT – Meet Mark Spitznagel, the hedge fund manager who doesn’t mind a losing bet. Mr. Spitznagel, the founder of Universa Investments, which has around $6 billion in assets under management, says the stock market is going to fall by […]