Monthly Archives: September 2010
UK FSA worried over excessive EU rules but remains committed to proportionate solution for hedge fund pay
Hedge Funds Review – The UK Financial Services Authority (FSA) has warned that the European Union’s attempts at “misguided” regulation could drive hedge funds out of Europe and wants a “proportional” solution to pay. While it “might be possible for […]
Dighton Capital Seeks Partner in Asia, Aims to Double Hedge-Fund Assets
Bloomberg – Dighton Capital Management, a Geneva-based hedge-fund firm that runs managed futures strategies, aims to double the assets of its funds to $500 million in the next two years with the help of an Asian partner. Dighton, which has […]
Carlson Capital Pays $2.6M to Settle Short Selling Charges with SEC
PIPEs Report – Carlson Capital, a hedge fund manager that’s invested at least $2.31 million in seven PIPEs since 2001, agreed to pay $2.6 million in penalties, disgorgement and pre-judgment interest to settle charges that it violated short selling rules. […]
Alpha Is About Much More Than Just Generating Returns
When people use the term “Alternative Investments”, they generally refer to hedge funds and private equity. A hedge fund is loosely defined as a pooled vehicle which purports to deliver returns which do not follow the traditional asset classes such […]
Pictet offers long/short Asian equity Ucits hedge fund
Pictet Funds, the fund distribution arm of Swiss private bank Pictet & Cie, is launching the Pictet Total Return-Mandarin Fund, a Luxembourg-domiciled Ucits III long/short Asian equity hedge fund. The fund will be managed by Lan Wang Simond, who has […]
SEC sets its sights on Vision Capital
(Reuters) – Vision Capital Advisors, a $600 million hedge fund led by two visually impaired managers, is under investigation by U.S. securities regulators, according to a confidential document reviewed by Reuters. In a wide-ranging investigation, the Securities and Exchange Commission […]
Former ACPI Officer Sues U.K. Hedge Fund for Underpaying Bonus, Bullying
Bloomberg – The former chief investment officer of ACPI Investments Ltd.’s fund-of-hedge-funds business sued the firm for underpaying his bonus and claimed he was bullied by management. Stephen Greene, who joined ACPI’s predecessor in early 2008 as a partner, said […]
Hedge fund boss bags Hollywood role in Gekko sequel
LONDON, Sept 22 – Hedge fund managers are well known for extracting huge fees from their wealthy investors. Relatively few have landed a role in a client’s Hollywood blockbuster. However, Christian Baha, head of $1.2 billon hedge fund group Superfund, […]
SEC Insider Trading Case Against Fund Manager Obus Thrown Out by Judge
Bloomberg – Hedge fund manager Nelson Obus won dismissal of case by the U.S. Securities and Exchange Commission claiming he made $1.34 million from an illegal tip about a 2001 merger. U.S. District Judge George Daniels yesterday threw out the […]
Guilty plea in NY in Disney insider trading scheme
AP – A former assistant to a top executive at Walt Disney Co. pleaded guilty Tuesday to conspiracy to commit securities fraud and wire fraud charges, admitting her role in the quest to sell secrets about the company’s finances to […]
UCITS Hedge Fund Strategy Index Update
New York (HedgeCo.net) – The UCITS HFS Index neither lost nor gained in the third week of trading in September 2010 and is still up by 0.41% month to date (by business day 15, September 21st, 2010). Out of the […]
New York Hedge Fund Executive Dies In Fatal Motorcycle Collision
New York (HedgeCo.net) – New York hedge fund executive Ronen Katz died on Sunday afternoon in a collision on the corner of Canal and West Street, the New York Times reports. The 27 year old Katz, on a 2009 Ducati, was hit […]