Yearly Archives: 2010

NYT – Recession-hit New York could raise an extra $50 million a year by collecting income taxes from people who work for hedge funds in the state, but live elsewhere, according to a legislative plan to raise revenue, Reuters reported. […]

Bloomberg – Goldman Sachs Group Inc. and Citigroup Inc. are among U.S. banks that may have as long as a dozen years to cut stakes in in-house hedge funds and private- equity units under a regulatory revamp agreed to last […]

Reuters – One of this year’s worst performing hedge funds has axed its manager after big losses and a breach of internal rules, as the industry struggles to reproduce last year’s bumper returns in volatile markets. Switzerland-based investment firm SwissDirekt […]

New York Times – This is not an obvious time to be glorifying financial tycoons. Making enough money to buy your own private island might have earned you an airbrushed magazine cover a decade ago. Nowadays, though, the erstwhile Masters […]

Dow Jones -The Alternative Investment Management Association has voiced concern over taxing larger U.S. hedge fund managers to finance the cost of the financial-regulation bill, saying the industry has been “singled out for more onerous treatment.” The cost of the […]

NewsWeek – On financial reform, it’s one week down, one week to go. Lawmakers are in the middle of hammering out differences between two Wall Street regulation bills, one passed by the House and one by the Senate, aiming to […]

Bloomberg – Galena Asset Management Ltd.’s $700 million commodities fund rose 4.2 percent last month after correctly predicting gold and copper prices, beating BlueGold Capital Management LLP and Clive Capital LLP. Galena’s returns in May were the highest in six […]

Bloomberg – The six nervous men in suit jackets huddled in the rain and waiting to enter a south London radio station get a last bit of advice from Dr. Stu, the host of The Naked Short Club. “Oh, and […]

SunTimes – There’s plenty for investors to ponder as the lazy days of summer arrive. The stock market is steady again after a stomach-churning May. But the Standard & Poor’s 500 index is still down 12 percent since a bull-market […]

American Banking – The Financial Industry Regulatory Authority has ordered Goldman Sachs (NYSE: GS) to pay $20.6 billion to victimized investors of a Ponzi scheme run by Bayou Hedge Funds.  The three-person arbitration panel for the financial regulatory agency ruled […]