Yearly Archives: 2010
AMG Buys Majority Stake In UK Fund Manager Artemis
WSJ – Affiliated Managers Group Inc., the Boston-based holding company of investments in hedge fund groups and other asset managers, Monday said it is taking a majority stake in U.K. fund manager Artemis Investment Management Ltd., formerly a unit of […]
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 Barack Obama in his 2011 budget blueprint Monday, Reuters says. The president once again proposed taxing […]
White House Budget Seeks 10% Increase In SEC Staff
WSJ – The U.S. Securities and Exchange Commission would be able to add 374 new investigators, examiners, and other staffers if President Barack Obama’s budget request for close to $1.3 billion for the regulator is granted by Congress, SEC officials […]
Ex-Millennium’s Sullivan In Talks to Join Hedge Fund, Bank
Bloomberg – James Sullivan, a former managing director of Millennium Management LLC’s Asian business, said he has been in talks to join another hedge fund or bank since leaving the firm in December. Sullivan and Harvey Liu, who worked with […]
How America’s Universities Became Hedge Funds
The Huffington Post – In August 2009, just one month after the state of California cut over a billion dollars from its higher education budget, the University of California (UC) turned around and lent the state $200 million. When journalists […]
Masters Capital Raises $206.4M for 3 Marlin Hedge Funds
CityBizList – According to three amended filings with the U.S. Securities and Exchange Commission, Atlanta-based Masters Capital Management LLC has raised a total of $206.4 million for three uncapped hedge funds. Pooled investment fund interests amount to $145.66 million for […]
Going full circle: from bank to hedge fund and back again
Crain’s New York – Since last fall, executive recruiter Claude Schwab, partner at hedge fund hiring expert Heidrick & Struggles, has been fielding numerous calls from fund managers “exploring their options.” It was a new twist for the industry veteran, […]
BlueCrest Nears Capacity For $9Bn Hedge Fund
WSJ – BlueCrest is considering closing one of its best performing funds to new investors in a sign that the sector has experienced a marked turnaround in fortunes, with investors looking to invest money into established blue-chip hedge fund managers. […]
Hewitt reports doubling in number of hedge fund manager searches
Professional Pensions – Hewitt Associates has reported a doubling in the number of hedge fund manager searches during 2009 in comparison with the previous year. The consultant said the hedge fund industry had been hit by significant redemptions from investors […]
Fund Managers May Return 20% of Bonuses Under EU Legislation
Bloomberg – Hedge-fund and private-equity managers may be asked to give back “more than 20 percent” of their bonuses under changes sought by two European Union lawmakers to draft rules governing the industry. The Alternative Investment Fund Managers Directive, proposed […]