Yearly Archives: 2010
Connecticut starts border war over NY hedge funds
Reuters – Connecticut Governor Jodi Rell on Wednesday restarted her state’s on-again, off-again border wars with New York by inviting hedge funds to relocate to escape rising income taxes. Cash-starved New York is poised to collect an extra $50 million […]
Former regulators find steady work with hedge funds
Reuters – The hedge fund industry’s latest attempt at making nice with U.S. securities regulators appears to involve going out and hiring former regulators of their own. In recent weeks a handful of former top U.S. Securities and Exchange Commission […]
Northern Trust Completes Outsourcing of Hermes Fund Managers Investment Operations
Market Watch – Northern Trust announced today it has successfully migrated the investment operations for Hermes Fund Managers, a leading multi-boutique asset manager offering investment solutions to institutional clients globally, to the Northern Trust platform. With the migration complete, Northern […]
SkyBridge Completes Acquisition of Citi’s FoHFs, Hedge Fund Seeding and Advisory Businesses
New York (HedgeCo.net) – $7.4 billion global alternative investment firm, SkyBridge Capital (SkyBridge) has completed its acquisition of the fund of hedge funds, hedge fund seeding and hedge fund advisory businesses from Citi Alternative Investments LLC (CAI). The hedge fund […]
Hedge Fund Trader Banned For Manipulating Stock Prices
New York (HedgeCo.net) – Financial Industry Regulatory Authority (FINRA) has permanently barred a former Deutsche Bank broker from the securities industry for manipulating the price of Monogram Biosciences (MGRM) stock in an effort to enrich a hedge fund client, himself […]
People Moves: Ross Ciesla Joins UK Hedge Fund Manager Veritas
People Moves – UK hedge fund manager Veritas Asset Management (Veritas) has appoionted Ross Ciesla as Senior Private Client Director of its private client business. Ross will start at Veritas towards the end of the year. Ross joins Veritas from […]
Active funds face squeeze in asset scramble
Reuters – Fund managers who charge clients for their asset-picking skills are facing an intense competitive squeeze as growth in new client money dwindles and performance is laid bare by the death of boom markets. This was the message at […]
Japan’s Hedge-Fund Startups Luring Investor Interest, BofA Says
Bloomberg – Japanese hedge-fund startups are beginning to attract the interest of overseas investors as the nation’s industry has the best performers this year, according to Futoshi Ago at Bank of America Corp. New hedge funds set up by managers […]
N.Y. Move Could Double-Tax Hedge Fund Managers
NYT – Finally, Gov. David A. Paterson and legislative leaders have found something they can agree on: that hedge fund managers from Connecticut and New Jersey should pay the state of New York millions more in taxes. As they grapple […]
Volcker Said to Be Disappointed With Final Version of His Rule
Bloomberg – Paul Volcker is disappointed with the final version of the rule that bears his name. As first envisioned, the Volcker rule would have banned banks from running private-equity and hedge funds, an attempt to curb risk-taking that fueled […]
Cambodia Is Hard Sell for Investment Companies
NYT – Douglas Clayton arrived in Phnom Penh in 2007 to start a private equity fund, looking to get $100 million in funds under management. His firm, Leopard Capital, started in 2008, is one of four private equity funds here […]
People Moves: Convertible Securities And Hedge Fund Specialist Joins Cowen Group
New York (HedgeCo.net) – Hedge fund manager alternative investment specialist Cowen Group, Inc. has hired Thomas O’Mara as Head of Equity Derivatives and Convertibles. O’Mara will be primarily responsible for expanding the firm’s equity derivative capabilities and building out a […]