Yearly Archives: 2010
GreenTech and the Obama Budget
New York (HedgeCo.net) – GreenWorld Capital reports: “President Obama has put his weight behind a new budget that sends a clear message: despite Congressional gridlock, the administration will push forward on cleantech. The budget reflects Obama’s promise to triple US […]
Kate Hudson dating Darren Ankenman, Adam Scott and LA hedge fund manager
GateCrasher – Kate Hudson is putting her ex Alex Rodriguez to shame when it comes to playing the field: We hear the blond bombshell has been dating not one, not two, but three men, since her very public split from […]
Hedge Funds Lose Case Against Auditor Tied to Madoff
New York (HedgeCo.net) – The U.S. District Court in Manhattan has ruled that KPMG LLP., cannot be sued for its ties with a hedge fund which was found to be a “feeder fund” for Madoff. The accounting firm won dismissal […]
France wants new bank tax to cover hedge funds
Expatica – A proposed new French tax on banks could also apply to hedge funds as part of an effort to ward off reckless behaviour, Finance Minister Christine Lagarde said Thursday. “There has to be a taxation mechanism that makes […]
Credit Suisse Eyes Piece of Hedge Fund York
The Street – Credit Suisse is in talks with hedge-fund giant York Capital Management to take a minority stake in the investment firm, a report says. The talks could still collapse midway, people familiar with the matter told the Wall […]
Hedge Fund Managers’ Pay Roars Back
NYT – The Lazarus-like recovery of the nation’s big banks did not benefit just the bankers — it also created huge paydays for hedge fund managers, including a record $4 billion gain in 2009 for one bold investor who bet […]
Gartmore Shows U.K. Firms Wary as FSA Pursues Traders
BusinessWeek – Gartmore Group Ltd.’s suspension this week of hedge-fund manager Guillaume Rambourg underscores heightened caution among U.K. companies as the Financial Services Authority cracks down on illegal trading. “A number of people said this sounds like this is a […]
Ivy Asset Draws Probe Over Roles With Madoff
WSJ – Ivy Asset Management, which BNY Mellon Asset Management is closing, is under investigation for advice it allegedly gave related to investing with Bernard Madoff, according to a person familiar with the matter. New York Attorney General Andrew Cuomo’s […]
Fund.com Expands Hedge Fund & ETF Operations With The Acquisition Of Weston Capital Management
New York (HedgeCo.net) – New York hedge fund manager, Fund.com, Inc., has acquired a $1 billion hedge fund distributor based in West Palm Beach Fl., Weston Capital Management, LLC. “With Weston Capital’s proven capability to seed new fund products, combined […]
British island tax havens seek eastern promise
Reuters – The rocky islands that lie off France’s northern shores are angling for the new rich of Asia, as clampdowns on offshore tax havens and tougher regulation threaten their traditional sources of income. Jersey and its Channel Island neighbour […]
Trader’s ‘Nice Little Kiss’ Tests Reach of Regulators
WSJ – A series of phone calls between a Deutsche Bank AG bond salesman and a hedge fund trader has landed the two men at the center of a courtroom test of how far federal regulators can go in pursuing […]