Monthly Archives: September 2009
CME Partners With Hedge Funds in Restructuring Clearing Services
New York (Hedgeco.net) – CME Group is restructuring its credit default swap (CDS) with hedge fund Citadel Investment Group as a strategic program targeted at providing clearing-only services for the nearly $27 trillion CDS market. Key features developed as part […]
Treasury Group Backs First Hedge Fund With AR Capital Stake
Bloomberg – Treasury Group Ltd., a Sydney-based asset manager, has made its first investment in a hedge fund, taking a 30 percent stake in AR Capital Management. Treasury Group, with six partners managing A$10.9 billion ($9.4 billion) in assets under […]
Deal’s third man
New York Post – “Malone’s a hybrid guy,” said one media mergers-and-acquisitions banker. “He operates Liberty with as much of a financial focus as a strategic focus and he looks at deals like a leveraged buyout investor would.” Indeed, Liberty […]
10-Year Mark for Mooring’s Flagship Hedge Fund
New York (Hedgeco.net) – The second quarter of 2009 marked the 10th year of operation for Washington, DC-based hedge fund, Mooring Capital Fund, which delivered a quarterly compounded return of 12.40% per year. “Our flagship Mooring Capital Fund has provided […]
Europe Fund Law ‘To Cost $2.8 Billion’ in Year One, Survey Says
Bloomberg – The European Union’s proposed rules for hedge funds and private equity firms may cost as much as 1.9 billion euros ($2.8 billion) in the first year and 985 million euros annually thereafter, an industry survey says. The Directive […]
Tony Chedraoui starts $500m hedge fund
Tehran Times – One of London’s top traders is launching a $500m (£307m) hedge fund in a move that signals the industry could be about to make a comeback following a disastrous year of losses in 2008. Tony Chedraoui, who […]
Hedge fund closures still outpace launches
The hedge fund industry continues to shrink — though the pace is slowing a bit, according to the latest report from Hedge Fund Research Inc. During the three-month period ended June 30, the industry saw 182 launches and 292 liquidations, […]
UK’s first hedge fund billionaire bankrolls senior Conservatives
Times Online – Alan Howard, a former comprehensive school pupil, is the architect of the biggest hedge fund in Europe and is using his wealth to help leading members of the Conservative party. Howard, 46, a taker of calculated risks […]
France, Britain converge on EU hedge fund rules
EurActiv – French financial market regulator AMF has aligned itself with British opinion on the EU draft directive to reign in alternative investment funds, in contrast with the strictly pro-regulation stance of French President Nicolas Sarkozy. At a conference in […]
Governor’s hedge fund investment questioned
The Star-Ledger – Gov. Jon Corzine has a stake in a private hedge fund related to the corporate owner of four New Jersey casinos, an investment Republican critics contend presents at least the appearance of a conflict for a multimillionaire […]
S.E.C. Sees More Disclosure by Hedge Funds
New York Times – The Securities and Exchange Commission will urge more public disclosure from hedge funds if Congress follows through with plans to make them register with the agency, the agency’s chairwoman, Mary L. Schapiro, said Friday. The S.E.C. […]
AIMA and IFIA Launch Revised Guide – Sound Practices For Hedge Fund Admin.
New York (Hedgeco.net) – The Alternative Investment Management Association (AIMA) – the global hedge fund industry association – in conjunction with the Irish Funds Industry Association (IFIA) has published the revised edition of the AIMA Guide to Sound Practices for […]