Yearly Archives: 2010
EU agrees ‘imperfect’ deal to regulate hedge funds
EurActiv – EU legislators breathed a sigh of relief yesterday (26 October) as they closed year-long talks on regulating hedge funds and private equity, ending up with a deal which both politicians and industry have dubbed imperfect. Officials representing all […]
Hedge fund Tiger Asia gets SEC subpoena
Reuters – Tiger Asia Management LLC has received a subpoena from the U.S. securities regulator following allegations of insider dealing in Hong Kong, news agency Bloomberg cited a letter by the fund as saying. Tiger Asia, which got started with […]
Hedge Fund Fraud Alleged in Connecticut
Courthouse New Services – Hedge fund manager Stephen Hicks used his two unregistered hedge fund advisory companies to defraud investors “in three different ways,” after taking millions of dollars from them, the SEC says. The agency sued Hicks, 52, of […]
SEC defends tighter rules for some hedge funds
MarketWatch – A top government official on Tuesday defended the new Financial Stability Oversight Council’s authority to impose stricter leverage and capital limits on some hedge funds and private equity funds. “There are prototypical private equity and hedge funds, and […]
Southridge Hedgie Hicks Shurgs Off Regulators Investor Fraud Suits
Forbes – Stephen Hicks and his Ridgefield, CT hedge fund, Southridge Capital, were sued yesterday for multiple securities violations by the SEC and the Connecticut Banking Commissioner in Connecticut state and federal courts. Howard Pitkin, head of the CT Department […]
Opportunities abound for N.S. in hedge fund industry
Chronicle – The hedge and private equity funds that operate in Europe are estimated to be responsible for about half of all transactions in the European financial markets. If Nova Scotia could attract even a small portion of that business, […]
CFTC Rules, Hedge Fund Compromise, OTC Curbs: Compliance
Bloomberg – The Commodity Futures Trading Commission moved to restrict what brokers can do with clients’ assets after investments in money-market mutual funds and government-sponsored entities soured during the global financial crisis. CFTC commissioners voted 4-1 yesterday to propose limiting […]
Final Approval for E.U. Hedge Fund Rules
New York Times – The European Union agreed Tuesday after drawn-out negotiations to new rules for hedge funds, having gained the approval of the European Parliament to regulate more thoroughly the 2 trillion euro industry. “Today, the European Parliament and […]
SEC Targets Use of Side Pockets by Hedge Funds
Pillsbury’s Investment Fund Law Blog – The Securities and Exchange Commission’s Asset Management Unit has been investigating whether hedge fund managers have overvalued assets in “side pockets” and then charged investors higher fees based on those inflated values. A side […]
SYZ & CO Launches Forex Hedge Fund
New York (HedgeCo.net) – Swiss banking group SYZ & CO has launched the OYSTER ForExtra Yield EUR, a new sub-fund of its OYSTER Funds SICAV. There are five currencies selected for trade, the Brazilian real, the Indian rupee, the Polish […]