Monthly Archives: September 2010
Hedge Fund Apex Expands To Toronto
New York (HedgeCo.net) – Apex Fund Services is expaning it’s North American hedge fund administration services and client base with the opening of its Canada office in Toronto. Apex Fund Services (Canada) Ltd will be managed and run by Alex […]
France blocks EU hedge fund rules
Reuters – France’s finance minister Christine Lagarde is set to dash hopes of an imminent deal on EU hedge fund rules when she meets finance ministers in Brussels this week, said sources with direct knowledge of the matter. France’s refusal […]
EU’s Barnier Says Agreement on Hedge-Fund Passport Is Needed
Bloomberg – Michel Barnier, the European Union’s financial services commissioner, said he would push for a quick agreement on hedge fund rules, that would include provisions for a so-called passport. The passport idea, which would allow hedge funds to register […]
D. E. Shaw cuts only hint at hedge fund pain
Reuters – It’s rare for a Wall Street firm to sack a tenth of its workforce in one go. In finance, the compact between employers and their bankers and traders is simple: work hard and get paid well. But any […]
Hedge funds are not Gekko-like evils but they are greedy
Sydney Morning Herald – Confession: I manage a hedge fund. Since the global financial crisis (GFC) descended on the world, hedge funds, and those that manage them, have developed rather a bad name. While it’s true hedge funds are guilty […]
Year End Advisory: Hedge Fund Tax Planning
New York (HedgeCo.net) – As 2010 begins to wind down, this is an opportune time not only to launch 2011 planning, but also to review legislation and amendments that may impact hedge funds, their managers, and their investors. These considerations include […]
Sarkozy to block EU hedge fund legislation
Investment Week – French MEPs may veto the Alternative Fund Managers Directive (AIFMD) including a key provision for passporting of investment products, which would allow fund managers to sell products across Europe. This could have a serious knock-on effect as […]
Man Group profits fall as investors withdraw money
Telegraph – Clients withdrew a net $600m (£380m) over the past three months, with a $100m inflow from institutional investors offset by private investors departing. The net outflow represented an improvement on the previous quarter, the group said, but added […]
D.E. Shaw Said to Eliminate 10% of Workforce as Assets Decline
Bloomberg – D.E. Shaw & Co., the New York-based hedge-fund firm that lost investors after limiting withdrawals in 2008, fired about 150 employees, two people familiar with the cuts said yesterday. The dismissals represent about 10 percent of the workforce, […]