Yearly Archives: 2010
Hedge Fund Regulation in Bermuda: Investment Funds Amendment Act 2010
New York (HedgeCo.net) – The Investment Funds Amendment Act 2010 was brought into force on December 22, 2010, making new provisions for the regulation of hedge funds in Bermuda. The changes are designed to strike a balance between securing appropriate […]
Hedge Fund Launches: First UCITS Fund Denominated In Gold
New York (HedgeCo.net) – Geneva based hedge fund asset manager, Palaedino Asset Management, advisor to the Axiom Fund, is launching the world’s first UCITS Funds denominated in Gold. Investors who choose the Gold Share Class will have simultaneously an exposure […]
BNP Paribas Says Two Funds Were Frozen for Technical Reasons
Bloomberg – BNP Paribas SA, the world’s biggest bank by assets, said two funds with a value of 236 million euros ($312 million) were frozen for technical reasons as part of their transfer to a new manager. The vehicles, which […]
Porsche wins $2 billion U.S. hedge fund suit’s dismissal
Reuters – A U.S. federal judge dismissed a lawsuit by 10 hedge fund groups accusing German automaker Porsche SE of cornering the market in shares of Volkswagen AG, resulting in more than $2 billion of damages. U.S. District Judge Harold […]
Taking The “Fun” Out Of Hedge Funds
Benzinga – On the precipice of another new year, the hedge fund industry is fighting to overcome its troubles of the last 12 months. The New York Post reports that in 2010, the average hedge fund closed up a mere […]
More companies meeting with hedge funds and sovereign wealth funds
CPI Financial – 93 per cent of surveyed firms meet with hedge funds, 47 per cent meet with SWFs. Nearly a quarter considering secondary stock listing in emerging markets, according to BNY Mellon Investor Relations Survey. Nearly a quarter (22 […]
Defendant in ‘Expert Network’ Insider Case Jailed After Failing to Post Bail
WSJ – A California woman, accused of providing inside information on publicly traded companies to hedge funds, was ordered jailed until Monday after failing to meeting conditions for bail. Winifred Jiau, 43, was required by a federal judge in San […]
Factbox: Who’s who in the latest insider trading arrests
Reuters – Prosecutors on Wednesday arrested a California woman on charges of leaking secrets about technology companies to two hedge funds in exchange for illegal payments, marking the sixth recent arrest in their big probe into insider trading. A list […]
BBVA Compass Launches Native iPad Application
Press release – BBVA Compass today announced the launch of a native iPad™ application that marks the first U.S. mobile banking application that visually goes beyond the traditional on-line banking interface of the few other iPad banking applications. The BBVA […]
Three Hedge Funds Got Inside Data From Consultant, U.S. Says
A former Primary Global Research LLC expert-networking consultant was charged by U.S. prosecutors in Manhattan with selling inside information to portfolio managers at three unidentified hedge funds. Winifred Jiau, arrested in Fremont, California, as part of a national probe of insider […]
Gold rush helps hedge funds bounce back
Guardian – After two years of client withdrawals and pressure from regulators, hedge funds returned strong performances this year, fuelled by successful bets on metals and emerging markets. The hedge fund industry, heavily criticised for gambling on the collapse of some […]