Yearly Archives: 2010
Hedge-Fund Lending Draws Scrutiny
WSJ – Companies that borrow money from hedge funds often see a sharp rise in bets against their shares before the loans or loan amendments are announced, new research shows, suggesting that fund managers or others privy to these deals […]
Hedge fund investors opt for liquidity over returns
Economic Times – The rush for liquid hedge funds is costing investors juicier opportunties elsewhere as institutions opt for a safety first strategy after being burned in the financial crisis. The preference for liquid funds is also squeezing returns as […]
UPDATE: SEC Approves Registered Third Party Marketers Doing Business With Public Pension Funds
Donald A. Steinbrugge – Last week the SEC officially changed its position, voting to adopt new rules concerning public. pension funds pay-to-play practices. The new rules permit managers to pay third party marketers that are registered as investment advisers or […]
Global Private Equity Fundraising at Lowest Level Since 2003
Study – The $41.3bn collected by the global private equity industry from 82 final fund closes in Q2 2010 is the lowest total since 2003, and is a reflection of the continuing harsh fundraising conditions for managers seeking capital. It […]
Adam Sender Dresses Up Hedge Fund Rooms With Ruscha, Dan Flavin
Bloomberg – A black-and-white Ed Ruscha painting with the words “Let’s Be Realistic” spelled out in bold white letters hangs outside the sound-proof trading room at art collector Adam Sender’s hedge fund. Sender’s curator, Sarah Aibel, 28, is giving me […]
Bond funds bring safety in the numbers
MarketWatch – Europe’s high-stakes debt troubles, persistent U.S. job and housing market weakness, and China’s sputtering global-growth engine sent bond mutual-fund investors scurrying for lower-risk fixed income categories during the second quarter. In a clear reflection of global market jitters, […]
Hedge Fund Stars Start Grooming Successors
BusinessWeek – An older generation of hedge fund heavyweights, including Julian Robertson and Michael Steinhardt, shut their firms after deciding they no longer wanted to invest money for clients. Some of today’s most successful hedgies are surrounding themselves with experienced […]
Norway Bids to Lure Hedge Funds as U.S., EU Step Up Regulation
Bloomberg – Norwegian regulators have received eight applications to start or market hedge funds in the country as it lifts a ban today on sales to institutional investors. Five Norwegian firms are seeking to set up hedge funds while three […]
Energy Hedge Funds Close After Investor Withdrawals
BusinessWeek – Energy hedge funds in Europe are collapsing after investor withdrawals forced managers to scale back bets amid sliding prices for oil, coal and electricity. At least six funds managing more than $158 million shut in the first half, […]
Pillsbury Law: SEC Adopts New Measures to Curtail Pay to Play Practices by Hedge Fund Advisers
New York (HedgeCo.net) – The Securities and Exchange Commission (the “SEC”) today voted unanimously to approve new rules to significantly curtail the influence of “pay to play” practices by investment advisers. Pay to play is the practice of making campaign […]
Gartmore launches new hedge fund for John Bennett
Introducer – Gartmore anticipates EU’s Alternative Investment Fund’s Directive with its first Dublin-domiciled hedge fund. We are pleased to announce the launch of the Gartmore AlphaGen Pan-European Equity Hedge Fund. The Fund launched yesterday, 30 June, and will be managed […]
BlackRock’s Novick Goes to Washington as Firms Step Up Lobbying
Bloomberg – BlackRock Inc.’s Barbara Novick was contemplating retirement a year ago when Chief Executive Officer Laurence D. Fink asked her if she would jumpstart lobbying efforts in Washington. The acquisition of Barclays Global Investors on Dec. 1 had made […]