Yearly Archives: 2008
UK Hedge Fund TCI Calls J-Power Rejection `Sad Day for Japan’
Bloomberg- The Children’s Investment Fund Management Ltd. called government rejection of efficient market practice “the real national security threat” after its bid to buy more shares in a Japanese power company was turned down. “It’s a sad day for Japan. […]
Paulson’s $3.7 Billion Pay Tops Hedge Fund Managers, Alpha Says
Bloomberg- John Paulson, founder of New York- based Paulson & Co., was paid an estimated $3.7 billion last year, the most in the hedge fund industry, according to Institutional Investor’s Alpha Magazine. Paulson, 52, surpassed George Soros and last year’s […]
Hedge funds and private equity face talent shake up
More and more top hedge fund and private equity managers are set to move to new firms as the credit crisis bites, speakers at this week’s Reuters Hedge Fund & Private Equity Summit in London said. Life has become tougher […]
NYC hedge fund profits show tax system flaw -study
Reuters- New York City hedge funds earned $20 billion to $39 billion last year, far outstripping the profits of Wall Street banks and demonstrating how outdated the city’s tax system risks becoming, a new study said on Tuesday. The Fiscal […]
US hedge fund oversight needs teeth, say critics
Reuters- Critics blasted a Treasury Department call for the $1.8 trillion hedge fund industry to better police itself, saying voluntary guidelines did little to protect investors and regulate the pools of capital. Instead, the guidelines should be mandatory and federal […]
Former hedge fund manager receives 20 year sentence
West Palm Beach (HedgeCo.Net) – Samuel Israel III, the former hedge fund manager for the Bayou Group, has been sentenced to 20 years in prison, one of the longest terms ever given to a white-collar criminal. Israel pleaaded guilty in […]
Hedge Fund TCI May Freeze J-Power Voting Rights, Nikkei Says
Bloomberg – The Children’s Investment Fund Management Ltd. told Japan’s government it’s willing to freeze a portion of voting rights if it succeeds in increasing its stake in Electric Power Development Co., the Nikkei newspaper reported. The U.K.-based fund, also […]
Paulson Panels Lay Out Hedge Fund ‘Best Practices’
Bloomberg – Two panels appointed by Treasury Secretary Henry Paulson advised hedge funds to adopt guidelines including increased disclosure and strengthened management of risk in the aftermath of the rout in credit markets. “Hedge funds, along with other market participants” need […]
China fund buys nearly 1 percent of BP
Reuters- China has accumulated a stake of just under 1 percent in BP, raising fresh questions about Beijing’s strategy for investing its huge foreign currency reserves. A spokesman for BP, Britain’s largest company, said it was aware of the Chinese […]
He saw fund gold mine, and a Morningstar was born
Chicago Sun Times- Bonanza opportunities are all about spotting unfilled needs. Almost a quarter century ago, a young investment analyst at Chicago’s Harris Associates had a burning frustration over the lack of transparency in the daunting jungle of mutual fund […]
Pension funds welcome hedge fund standards
Reuters- More than half of pension funds will require the hedge funds they invest into comply within three years with best practice standards recently proposed by a hedge fund industry group, according to a KPMG survey on Monday. In January […]
Proposed guidelines offer best practices for hedge funds instead
The Associated Press- In the place of new government regulations, the Bush administration is coming forward with some industry-developed "best practices" to guide the operation of hedge funds. Those guidelines were scheduled to be unveiled Tuesday by Treasury Secretary Henry […]