Monthly Archives: September 2013
Prime brokers respond to challenges brought on by the shifting composition of the hedge fund industry and the changing regulatory requirements, according to EY prime broker survey
Faced with the challenges brought on by the shifts in the hedge fund industry and the changing regulatory landscape, prime brokers are attempting to differentiate themselves through unique product offerings, as well as their ability to leverage proprietary technologies and […]
NY Hedge Fund Adviser Fined For Breaching Fiduciary Duty Due To Conflict Of Interest
New York (HedgeCo.Net) – One of the founders of New York hedge fund firm Vicis Capital is under fire by the SEC for engineering an undisclosed transaction in which he had a financial conflict of interest. Without admitting or denying […]
ASX Directors Resign After SEC Action Against Hedge Fund
Bloomberg – Shane Finemore and Russell Aboud resigned from their positions on the board of ASX Ltd. (ASX) after their hedge fund, Manikay Partners LLC, agreed to settle claims of improperly buying shares of companies they had bet against. Aboud […]
Greg Hunt labels Clean Energy Finance Corporation a ‘green hedge fund’, says it will be shut down
Australia – Incoming environment minister Greg Hunt says the new Coalition government is committed to clean energy targets despite its plan to scrap several government bodies set up to tackle climate change. Prime Minister-elect Tony Abbott says abolishing the carbon […]
Single-Family Offices Are Negotiating Down Hedge Fund Fees
Forbes – There are more single-family offices than ever before and, on average, each one is controlling larger pools of assets than in the past. Hedge funds continue to be a core investment option for many of them even though […]
Safeway Puts Up Defense After Hedge Fund Amasses Stake
NYT – The grocer Safeway has gone on the defense days after the activist hedge fund Jana Partners declared a 6.2 percent stake in the company. Safeway, based in Pleasanton, Calif., said on Tuesday that it had put into place […]
Levine on Wall Street: Hedge Fund Ads, $10 Billion Banks, Paying Yourself First
Bloomberg – After rule changes due to the JOBS Act, “Starting on Monday, hedge funds, private equity funds and other firms will be allowed to reach new investors through television, radio and the Internet.” Nobody is sure what the equilibrium […]
Goldman, Ex-Mirae CIO to launch Asia long/short hedge funds
Reuters – Goldman Sachs Investment Partners and Cong Li, the former chief investment officer of Mirae Asset Global Investment (Hong Kong), are preparing to start separate Asian hedge funds as fund launches gather pace in the second half of the […]
Fed Leaves Hedge Fund Bears Waiting on Emerging-Markets Bet
Bloomberg – Ray Bakhramov has been waiting almost two years for his hedge fund’s bet against emerging markets to pay off, which spurred a 20 percent loss in 2012 and cost him clients. Even with a slump from bonds to currencies over […]
SEC prepares for hedge fund ad blitz
CNBC – Regulators are stepping up their scrutiny of the private securities market in anticipation of the lifting of an 80-year-old ban on advertising by hedge funds to investors. Starting on Monday, hedge funds, private equity funds and other firms […]
Morgan Creek Launches Firm’s First Open End Alternative Mutual Fund
New York (HedgeCo.Net) – Hedge fund manager and alternative investor specialist Morgan Creek Capital Management is launching its first open end alternative mutual fund, the Morgan Creek Tactical Allocation Fund. “Investors in the Tactical Allocation Fund may benefit from a […]
CEO-to-Worker Pay Ratio Disclosure Proposal Issued by SEC
Bloomberg – A divided U.S. Securities and Exchange Commission will propose that public companies disclose how much more their chief executives earn than rank-and-file workers. SEC commissioners meeting in Washington today will vote to propose and seek comment on a requirement that […]