Monthly Archives: November 2007
Investors put $18.6 bln into hedge funds in Sept-data
Reuters- Investors added $18.6 billion in new money to hedge funds in September, marking the third-lowest inflow this year, according to data released on Tuesday. Funds that specialize in emerging markets took in 61 percent of the total as investors […]
IRS Announces Investigation into Suspected Tax Abuses by Hedge Fund
The IRS announced on November 1, 2007 that it opened an inquiry into “suspected tax abuses” by hedge fund and private equity mangers relating to failure to report income or to improperly classify ordinary income as capital gains. Among the […]
Hedge funds next target of plaintiff’s bar
Investment News- The collapse of some hedge funds may be turning into the next cause celebre for plaintiff’s attorneys who file arbitration claims on behalf of investors looking to recoup losses. And while lawyers are clearly taking aim at giant […]
Merrill Lynch Creates Alternative Investment Origination Post
CNNMoney.com- Merrill Lynch & Co. (MER) hired Brad Schwartz as head of alternative investments origination and sales for Pacific Rim, the company said in an internal memo Tuesday. In the newly created role, Schwartz will be responsible for providing Merrill’s […]
BNP Paribas Adds Three Members to Their Hedge Fund Relationship Management Team
West Palm Beach (HedgeCo.Net)- BNP Paribas announced today the expansion of its Hedge Fund Relationship team with the appointments of Conrad Johnson as a director in New York and Stephanie Wong as an associate director in Hong Kong. Conrad joins […]
Group suggests hedge fund improvements
Reading Eagle – A leading hedge fund trade group unveiled new recommendations Monday aimed at improving practices in the lightly regulated, $2 trillion hedge fund industry. The report issued by the Managed Funds Association updates and expands on recommendations issued […]
Hedge funds to sue arcelormittal for $400m
Times Online- Three hedge funds are set to sue ArcelorMittal, the largest European steelmaker, its directors, headed by Lakshmi Mittal, and its investment banks, Morgan Stanley and Goldman Sachs, for $400 million (£192 millon). The funds claim that they have […]
Managed Funds Association Leaders Call For improved Sound Practices
WASHINGTON, D.C., November 5, 2007 — Managed Funds Association (MFA) today recommended the hedge fund industry adopt significantly heightened standards of excellence by adhering to its latest version of Sound Practices for Hedge Fund Managers. The call came as MFA […]
Islamic finance is seeing spectacular growth
International Herald Tribune- Even as banking segments like securitizing subprime mortgages and financing leveraged buyouts suffer from the current crisis, Islamic finance is seeing spectaculargrowth. Islamic law, or Shariah, prohibits the payment and receipt of interest, stressing profit sharing instead. […]
Hedge fund careers explode
The Ticker- Baruch students clamored into a packed classroom for the chance to heed the advice of two hedge fund veterans on Tuesday, Oct. 23. The Job$mart Career Hour featured Baruch alumnusLawrence Simon, a co-founder and the president of Ivy […]
The Hogarth of hedge funds offers a glimpse into a hidden world
Guardian Unlimited- The men and women (or, let’s face it, largely men) who are making fantastic fortunes working in hedge funds are often credited with tickling the art market up to its current giddy heights. So there’s a pleasing neatness […]
Supermodel Bundchen Joins Hedge Funds Dumping Dollars
Bloomberg- Gisele Bundchen wants to remain the world’s richest model and is insisting that she be paid in almost any currency but the U.S. dollar. Like billionaire investors Warren Buffett and Bill Gross, the Brazilian supermodel, who Forbes magazine says […]