Yearly Archives: 2010
Hedge Fund Manager Gains $610 Million In Property Sales
New York (HedgeCo.net) – Corporate, real estate and hedge fund giant, Investcorp and joint venture partner Schnitzer West, LLC, have sold their stake in the Bellevue, WA office towers known as Bravern Office Commons to a client advised by Principal Global […]
Hong Kong Wants Time for Hedge Funds to Meet New EU Rules
Bloomberg – Hong Kong’s government is in talks with the European Union to help hedge-fund managers in the city cope with proposed regulations that may make it harder to raise assets in Europe. Hong Kong is lobbying the EU for […]
Swiss village cuts tax rate to attract more hedge funds from London
Guardian – A peaceful Swiss village that has become an unlikely rival to Mayfair is cutting its income tax rate to attract more hedge fund managers from London. The Swiss area of Höfe in Schwyz, which includes the village of […]
Lehman Trustee Fighting Hedge Funds Over Prime Broker Assets
Dow Jones – The trustee overseeing the liquidation of Lehman Brothers Holdings Inc.’s (LEHMQ) brokerage business is balking at a call by a hedge fund into the status of billions of dollars tied up in Lehman prime brokerage accounts. James […]
Hedge fund pair bank £82m each after sale of BlueBay
Mail Online – Two hedge fund managers have banked £82million each after selling the business they set up less than ten years ago for nearly £1billion. Hugh Willis and Mark Poole cashed in from the sale of BlueBay Asset Management […]
EU ministers seek deal on hedge funds and banking transparency
Monsters & Critics – European Union finance ministers were hoping to strike a deal on new hedge fund regulation and agreeing bank information sharing to fight tax evasion, at a meeting in Luxembourg Tuesday. As part of its drive to […]
Hedge Fund Launch: TIR-Europe
New York (HedgeCo.net) – Independent forestry investment firm Timberland Investment Resources, LLC (TIR-USA), has established its London-based European investment hedge fund – Timberland Investment Resources Europe, LLP (TIR-Europe). “The forestry asset class is gaining prominence globally because of its history of […]
Broncos Elway Files Against Hedge Fund
New York (Hedgeco.net) – Former quarterback for the Denver Broncoes, John Elway and his partner Mitch Pierce, have filed court documents investigating the $15 million they invested March 2010 with hedge fund manager Sean Mueller, the WSJ reports. The hedge […]
Worldwide equity boom boosts managers’ beta
Pensions & Investments – Hedge fund managers are having a hard time making a buck this year, especially one that hasn’t been fueled by a whole lot of market beta. “It’s been all about beta this year,” said hedge fund […]
IRS Issues Massive Broker-Dealer Tax Reporting Rules – Starting Date January 1, 2011
By Steven M. Etkind and Roger D. Lorence – The 2008 Energy Act required the Internal Revenue Service (the “IRS”) to issue rules effective January 1, 2011 specifying how broker-dealers in securities that provide Form 1099-B (information return of broker-dealers to […]
Financial Reforms Expected To Boost Number Of Hedge Funds
Barrons – With regulators forcing a shift in banks away from riskier investments, proprietary trading desks are being disbanded. That’s leading many traders to set up shop through their own hedge funds, according to Bloomberg. It’s reporting that UBS AG has […]
Hedge-Fund Manager Diggle Starts Family Office, Shuns Banks
Bloomberg – Stephen Diggle, co-founder of hedge- fund firm Artradis Fund Management Pte, has set up a company to pool his personal wealth with that of family offices in Asia and invest in assets worldwide. Vulpes Investments will enable Diggle […]
