Yearly Archives: 2010
People Moves: Credit Suisse Appoints Dan Draper Head of Exchange Traded Funds
New York (HedgeCo.net) – Credit Suisse today announced that Dan Draper, formerly a Managing Director and Global Head of Exchange Traded Funds (ETFs) at Lyxor Asset Management, will join Credit Suisse in its Asset Management business as Managing Director and […]
Cut And Paste Job Bad News For Hedge Funds
WSJ – A London hedge-fund manager who cut and paste figures to make his portfolio look $27 million better hasn’t done any favors for the mass of hedge funds still trying to rebuild their reputation with investors after a poor […]
UPDATE:London Nominees Ltd. Launch Football Fund
New York (HedgeCo.net) – The London Nominees Football Fund launched on Feb 1, 2010, with approximately $40 million in assets under management. The investment panel includes ex international players, coaches and leading industry experts offering investment in clubs, players, related […]
“Octopussy” Pleads Not Guilty To Hedge Fund Insider Trading, 6 Others
New York (HedgeCo.net) – Seven hedge fund traders and lawyers pleaded not guilty to securities fraud charges in the USA v. Goffer et al. case, according to Reuters. Zvi Goffer, dubbed “Octopussy”, appeared before Manhattan federal court Judge Richard Sullivan […]
Of Volcker, Private Equity and Hedge Funds
NYT – Does former Federal Reserve Chairman Paul A. Volcker know the difference between private equity firms and hedge funds? That’s what his testimony in front of Congressional hearing left Private Equity Analyst’s Jennifer Rossa wondering. Mr. Volcker appeared before […]
FSA Bans BlueBay Fund Manager
WSJ – A former employee of London hedge-fund group BlueBay Asset Management PLC has been banned and fined £140,000, or about $224,000, by the U.K. Financial Services Authority for deceiving investors and mismarking the value of funds he ran by […]
Funds Face Tax Increase in Obama’s Budget
NYT – The hedge fund and private equity industry may not have been too pleased with some of the proposals put forth by President Obama in his 2011 budget blueprint Monday, Reuters says. The president once again proposed taxing carried […]
Banks shouldn’t be hedge funds, Volcker tells Senate
Market Watch – The federal safety net for commercial banks should protect depositors, not speculators, former Federal Reserve Chairman Paul Volcker told senators on Tuesday, urging them to pass the so-called Volcker Rule that would ban banks from trading for […]
The Top Ten Hedge Fund Launches Of 2009
New York (HedgeCo.net) – Assets raised by hedge fund startups in 2009 fell 36% from the previous year, marking the second year in a row that new fund assets declined significantly, according to the biannual AR New Funds Survey, published […]
FSA warning: thousands of names on share fraudster ‘master list’
Telegraph – The Financial Services Authority and City of London Police have this week written to 6,500 homes across the UK to warn people that their details are on a ‘master’ list being used by share fraudsters to target people […]
Commerzbank Disbands Fund Of Hedge Funds Arm
WSJ – Commerzbank AG has wound down its $1 billion (EUR720 million) fund of hedge funds management business, Comas, after abandoning a sale process run by Goldman Sachs. The bank has returned the assets to investors and let the team […]
GFIA Shuns Chinese Hedge-Fund Coverage for Lack of Transparency
Business Week – GFIA Pte, a Singapore-based hedge- fund firm and consultant, said it stopped coverage of most Chinese hedge funds because they lack transparency and sold all of its investments with mainland Chinese managers. The value of GFIA’s China-dedicated […]