Yearly Archives: 2010
Candidate Fiorina Wants More Transparency for Hedge Fund Holdings, Trades
Bloomberg – Carly Fiorina, campaigning to be California’s first Republican senator elected in two decades, said hedge funds should be subject to greater transparency requirements and the financial regulatory overhaul known as the Dodd-Frank Act doesn’t go far enough. The lightly […]
Hedge Fund Launch: UCM Union Delta Fund
New York (HedgeCo.net) – Long/short equity hedge fund Union Capital Management (UCM) has launched the UCM Union Delta Fund today, Oct 1st, 2010. With J.P. Morgan as prime broker and cash manager, the new fund is run by Chief Investment […]
Why the Buffett approach adds up
Guardian – Terry Smith is not the first person to calculate how much poorer shareholders in Berkshire Hathaway would be if Warren Buffett had extracted fees as greedily as a hedge fund manager – meaning a 2% management fee plus 20% […]
Hedge Fund Apex Expands To Toronto
New York (HedgeCo.net) – Apex Fund Services is expaning it’s North American hedge fund administration services and client base with the opening of its Canada office in Toronto. Apex Fund Services (Canada) Ltd will be managed and run by Alex […]
France blocks EU hedge fund rules
Reuters – France’s finance minister Christine Lagarde is set to dash hopes of an imminent deal on EU hedge fund rules when she meets finance ministers in Brussels this week, said sources with direct knowledge of the matter. France’s refusal […]
EU’s Barnier Says Agreement on Hedge-Fund Passport Is Needed
Bloomberg – Michel Barnier, the European Union’s financial services commissioner, said he would push for a quick agreement on hedge fund rules, that would include provisions for a so-called passport. The passport idea, which would allow hedge funds to register […]
D. E. Shaw cuts only hint at hedge fund pain
Reuters – It’s rare for a Wall Street firm to sack a tenth of its workforce in one go. In finance, the compact between employers and their bankers and traders is simple: work hard and get paid well. But any […]
Hedge funds are not Gekko-like evils but they are greedy
Sydney Morning Herald – Confession: I manage a hedge fund. Since the global financial crisis (GFC) descended on the world, hedge funds, and those that manage them, have developed rather a bad name. While it’s true hedge funds are guilty […]
Year End Advisory: Hedge Fund Tax Planning
New York (HedgeCo.net) – As 2010 begins to wind down, this is an opportune time not only to launch 2011 planning, but also to review legislation and amendments that may impact hedge funds, their managers, and their investors. These considerations include […]
Sarkozy to block EU hedge fund legislation
Investment Week – French MEPs may veto the Alternative Fund Managers Directive (AIFMD) including a key provision for passporting of investment products, which would allow fund managers to sell products across Europe. This could have a serious knock-on effect as […]
