Yearly Archives: 2010
Portugal calls for European fund for future crises
Reuters – Europe needs to create a fund to finance solutions for future economic crises, Portugal’s Finance Minister Fernando Teixeira dos Santos said on Friday, a day after euro zone leaders reached a deal on potential help for debt-ridden Greece. […]
York Capital May Double Asian Hedge Fund Team in Next Two Years
BusinessWeek – York Capital Management LLC., which manages $13 billion, may double its staff in Asia as the market for funds trading securities affected by corporate changes such as mergers, reorganization and spinoffs in the region is set to eclipse […]
Man Group Said to Mull Deals With SAC and GLG
DealBook – The Man Group has been in preliminary deals talks with Steven A. Cohen’s SAC Capital Advisors and GLG Partners, as the world’s biggest publicly listed hedge-fund manager seeks out possible acquisitions and other deals in the U.S., Bloomberg […]
S.E.C. Reviews Derivative Use by Some Funds
NYT – The Securities and Exchange Commission announced Thursday that it was reviewing the use of swaps and other derivatives by mutual funds, exchange-traded funds and other investment products that are often marketed to individual investors, Edward Wyatt of The […]
Hedge Fund Founder Sued in Atlanta
New York (HedgeCo.net) – Robert L. Duncan, an Atlanta hedge fund manager is being accused of misleading investors. His fund, Seaside Partners Fund LP. is being sued by an Atlanta trust and two investment managers, the Piedmont Family Office Fund […]
Fortress Hedge-Fund Executives Lawin, Treacy Said to Have Left
BusinessWeek – Two Fortress Investment Group LLC hedge-fund executives have left the New York-based firm, according to two people with knowledge of the moves, after assets at their unit dropped 77 percent last year. Scott Lawin, the former chief operating […]
Senator says U.S. may hit back over EU fund rules
Reuters – The United States should retaliate if a European Union proposal to curb access for U.S. fund managers to the European markets becomes law, a senior U.S. lawmaker says. Planned EU limits on hedge funds are “protectionist rules that […]
Alaska Permanent tears down hedge fund barrier
HFM – The board of trustees for the Alaska Permanent Fund Corporation (APFC) has changed its absolute return policy to allow the $36.5bn sovereign wealth fund to bypass so called ‘gatekeepers’ and invest directly in hedge funds. APFC has not […]
SEC probing two hedge funds: report
Reuters – The U.S. securities regulator is probing hedge funds Appaloosa Management LP and Carlson Capital LP for certain trades, the Wall Street Journal said, citing people familiar with the matter. The U.S. Securities and Exchange Commission (SEC) has scanned […]
The man who blew the whistle on Bernard Madoff
Guardian – In a small Massachusetts town, American fund manager Harry Markopolos lived in fear of his life. For three years, he carried a Smith & Wesson revolver, checked under his car for bombs and avoided walking along dark shadowy […]
The impact of green investing
ABC News – As Gunns’ investors ponder the future of chairman, John Gay, the mounting pressure on the company over a 98 per cent fall in profit and opposition to its plans to build a pulp mill in Tasmania’s Tamar […]