Yearly Archives: 2010
Hedge Fund Implications & Impact of the Dodd-Frank Reform
New York (HedgeCo.net) – Hedge funds and private equity funds will be impacted by the Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Obama, according to Sadis and Goldberg. The Dodd-Frank Act includes the Private Fund Investment […]
Finnowave Hedge Fund Aims to Quadruple Assets With Japan Pension Money
Bloomberg – Finnowave Investments, a Japanese hedge-fund firm, aims to quadruple assets to 100 billion yen ($1.2 billion) in about two years after it won a license to manage funds, making it easier to lure local pension money. Finnowave obtained […]
As financial reform becomes law, SEC emerges with new powers and duties
Washington Post – The financial regulation law signed by President Obama on Wednesday will arguably affect no federal agency more than it does the Securities and Exchange Commission. The SEC is required to issue 95 new regulations governing a wide […]
Madoff trustee targets hedge funds for $3.6 billion
CNN – The trustee overseeing the liquidation of convicted fraudster Bernard Madoff’s investment firm has expanded his lawsuit in U.S. bankruptcy court, setting his sights on one group of hedge funds in particular. Irving Picard amended his suit — initially […]
Closed-End Funds Oppose Activism With False Arguments
Seeking Alpha – Previous articles described the conflict between institutional investors in closed-end funds and the managers of those funds. Discount reduction measures can benefit shareholders, but they reduce the managers’ fees and profits. So far this year at least […]
MEPs hopeful of deal on hedge-fund regulation
European Voice – Negotiators from the European Parliament believe that they may be close to breaking a deadlock with the Council of Ministers over proposals to tighten the EU’s regulation of hedge funds. The proposals for EU-wide rules on management […]
53 New Asian Hedge Funds Raise $2.13 Billion
New York (HedgeCo.net) – The latest AsiaHedge New Funds Survey reports that 53 new Asia-Pacific hedge funds raised a combined $2.13 billion in the first half of 2010. Hong Kong emerged as the destination choice for a majority of these […]
2Q 2010 Hedge Fund Report
New York (HedgeCo.net) – Hedge funds received a net inflow of $9.5 billion globaly in the second quarter of 2010, according to figures released today by Hedge Fund Research, Inc. “The current environment in the hedge fund industry continues to […]
Credit Suisse launches its first fund of Newcits funds
CityWire – Swiss banking giant Credit Suisse has become the latest entrant into the rapidly expanding Newcits market with the launch of its first Ucits III-compliant fund of hedge funds. The Luxembourg-domiciled Credit Suisse Solutions (Lux) Prima Multi-Strategy fund is […]
SEC’s Demand That Goldman Admit `Mistake’ Could Spur Wall Street Lawsuits
Bloomberg – By forcing Goldman Sachs Group Inc. to admit a “mistake,” U.S. regulators may be signaling a more confrontational approach to future settlements that could expose Wall Street to more investor lawsuits. In its $550 million accord with Goldman […]