Yearly Archives: 2010
Wall Street still in the hedge fund game
Reuters – It appears Wall Street investment banks can stay in the highly-profitable hedge fund business after all. An overhaul of financial regulations hammered-out by U.S. lawmakers after weeks of negotiation would permit Wall Street banks to continue to manage […]
A Hedge Fund’s Big Bet on 4G
BusinessWeek – Philip Falcone’s Harbinger Capital Partners has placed a large and risky bet on 4G wireless Internet service by paying an estimated $500 million for SkyTerra Communications. The hedge fund’s filings with the Federal Communications Commission lay out a […]
Summary Of Major Provisions In Financial Overhaul Bill
Dow Jones – The sweeping financial overhaul legislation negotiators wrapped up early Friday morning would constitute the biggest overhaul of U.S. financial regulations since the 1930s. The legislation, broadly, is designed to close the regulatory gaps and end the speculative […]
Ex-Goldman, Barclays Derivatives Traders Plan Asia Hedge Fund
Bloomberg – A group of derivatives traders from firms such as Goldman Sachs Group Inc. and Barclays Capital are starting an Asia-focused hedge fund to profit from price swings. Singapore-based RSR Capital Pte plans to raise about $500 million in […]
U.S. Banks, Funds to Face $19B Levy
The Street – U.S. lawmakers chose to force banks to spin off their swaps desks but made significant concessions to Wall Street in the early hours of Friday morning as they finalized sweeping financial reform. In a marathon conference session […]
House-Senate panel approves sweeping reform of big banks
MarketWatch – House and Senate lawmakers early Friday approved the most significant increase in the regulation of U.S. banks since the Great Depression, placing new restrictions on the nation’s biggest lenders, reining in the Federal Reserve and crafting new consumer […]
EU Hedge Fund Rule Talks Break Down
NYT – Talks have collapsed between the European Parliament and national governments over new controls for hedge funds due to a continuing dispute over licensing for funds from outside the bloc, Reuters reported. On Thursday, the parliamentarian leading negotiations with […]
Galleon Trial: Hedge Fund Founder Asks For Details of Charges
New York (HedgeCo.net) – Reuters reports that Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi are asking more details of the purportedly illegal trades they are charged with, as well as separate trials. Rajaratnam and Chiesi are alleged […]
People Moves: Dr. Barbera Joins Mount Lucas Hedge Fund
New York (HedgeCo.net) – Wall Street economist Dr. Robert J. Barbera has joined global macro investment manager, Mount Lucas Management Corporation, as Chief Economist. Dr. Barbera is accompanied by his long-time associate, Jackie Kadre, who has been named Economist at […]
European diplomats clash over hedge fund clampdown
Reuters – Controversial EU rules for hedge funds hung in the balance on Wednesday with European lawmakers and diplomats in a stand-off that some warned could spoil Brussels’ attempts to overhaul the regulation of finance. It is the latest in […]
Macro Hedge Funds Add $2.5 Billion as Global Trades Proliferate
Bloomberg – Hedge funds that bet on economic trends are attracting cash at almost double last year’s pace as they seek to profit from events such as Europe’s sovereign debt crisis and China’s decision to let the yuan trade more […]