Yearly Archives: 2007
McCain Has Just $3.2 Million in Bank
ABC News- Despite his vaunted base of small donors, Obama is a favorite among employees of some of the nation’s largest investment banks and hedge funds. One of them, Kenneth C. Griffin, president of Chicago-based hedge fund Citadel Investment Group, […]
Major Texas Pension Makes a Big Push Into Hedge Funds
Wall Street Journal- Pension funds — traditionally among the stodgiest investors around — are starting to dabble in hedge funds, real estate and other “alternative” investments once considered toodicey. Now, a major fund in Texas is about to place a […]
Is Hillary Hedging on Hedge Funds?
Town Hall- Although Hillary Clinton claims to adamantly support tax “fairness,†she can’t make up her mind about whether Wall Street barons should have to pay the same tax rate as the regu larworkers she loves and the corporations she […]
London Stock Exchange Launches Specialist Fund Market
West palm Beach (HedgeCo.Net)- The London Stock Exchange announced the launch a new market for issuers of specialist funds. The Specialist Fund Market will work with professional investors such as hedge funds to satisfy the market need which will exist […]
SEC’s new rules assert control over hedge funds
Boston Globe- The Securities and Exchange Commission adopted new rules ensuring it can sue hedge funds for misleading investors, following a court ruling that put in doubt the regulator’s authority over the $1.6 trillion industry. The SEC barred hedge funds […]
Bored with hedge funds – More investors are turning to ‘Exotic Assets’
International Herald Tribune- Zelda Cheatle, a London photography gallery owner, is close to sealing one of her biggest and most peculiar deals. In late August, she expects to sell about 4,000photographs in a single transaction, but the buyers will not […]
RBC Hedge Fund Index Up in June
West Palm Beach (HedgeCo.Net)- RBC Capital Markets reported that the RBC Hedge 250 Index for the month of June 2007 had a net return of 0.61%, bringing the year-to-date return of the Index to 7.02%. The RBC Hedge 250 Index […]
Bush, Lawmakers Resist Calls to Tax Hedge Funds, Buyout Firms
Bloomberg- The Bush administration and several top lawmakers signaled that they may not support a push in Congress to increase taxes on buyout firms and hedge funds. Eric Solomon, assistant Treasury secretary for tax policy, told the Senate Finance Committee […]
Man Group assets rise to $67 billion
Reuters- Man Group, the world’s largest listed hedge fund firm, said on Thursday that its assets under management rose to $67 billion (33 billion pounds) at end-June, up from $61.7 billion atend-March, and that it was upbeat on prospects. The […]
Hedge Horror
New York Post – As home foreclosures ricochet through Main Street in rising junk mortgage meltdowns, Wall Street is facing a separate barrage that could swamp its first rich victims – hedge funds forthe wealthy. The financial industry yesterday got […]
London seeks more alternative funds
MSN MoneyCentral- The London Stock Exchange is preparing to launch a regulation-light market for private equity, property and hedge funds as it battles NYSE Euronext for the lucrative business ofhosting listed alternative funds. The Specialist Fund Market, to be announced […]
Hedge funds get House warning
Baltimore Sun- Members of Congress had a message of caution yesterday for the booming, unregulated hedge fund industry: Proceed with care, because lawmakers are increasingly willing to clamp down toensure discipline in the marketplace. “I don’t think anybody can be […]