Yearly Archives: 2010
European Union talks on hedge fund rules collapse
Reuters – Talks have collapsed between European lawmakers and country representatives to agree new controls for hedge funds, following a dispute that many fear could spoil Brussels’ attempts to overhaul the regulation of finance. On Thursday, the parliamentarian leading negotiations […]
House drops proposal for fund to aid in winding down failing firms
Washington Post – House negotiators, seeking to reach agreement with their Senate counterparts over new far-reaching financial rules, dropped their proposal Wednesday for a $150 billion fund, paid for by industry, that would have been used to cover the costs […]
Senate Dems eye easing Volcker rule’s fund limits
Reuters – The Senate was moving on Wednesday to water down the controversial “Volcker rule” on bank trading and investing as lawmakers raced to complete landmark Wall Street reform legislation within days. In a potential victory for bank lobbyists, banks […]
London Hedge Fund Trader Fined Over 400K
New York (HedgeCo.net) – The hedge fund trader who pled guilty of conspiracy to commit insider trading in a London court yesterday has been orderes to pay about 287,000 pounds ($421,000) in fines and restitution, Bloomberg reports. “You cooperated immediately […]
RIM Volatility Rises as Hedge Funds See Apple, Google Threat
Bloomberg – BlackBerry maker Research In Motion Ltd.’s stock has become twice as volatile as rivals’ around earnings announcements as investors look for evidence the company will keep pace with Apple Inc. and Google Inc. RIM, which reports fiscal first-quarter […]
Schroders Buys 49% Stake In Hedge Fund Group RWC
Dow Jones -Schroders PLC Tuesday said it is taking a 49% stake in London hedge-fund operator RWC Partners Ltd., in the latest effort by a traditional stock and bond fund manager to boost its exposure to higher-fee hedge funds. Schroders […]
Inflows steady Polar assets in choppy markets
Reuters – Hedge fund firm Polar Capital said client inflows helped steady its assets in recent choppy markets, adding volatility could continue as it reported full-year profit at the top end of expectations. Polar’s assets under management were steady at […]
Small Investors Embrace Hedge Fund-Like Strategies
BusinessWeek – With the economic recovery recently turning bumpy, investors have grown wary of downside risk in their investment portfolios and are increasingly willing to give up some returns in exchange for protection from those risks. Volatility spiked in May, […]
Volcker Rule Under Attack as Lawmakers Seek Hedge Fund Loophole
Bloomberg – Senate negotiators will probably offer changes today that would soften the Volcker rule by allowing banks to sponsor hedge funds and invest their own money, within limits, alongside that of clients. The compromise, designed to win the support […]
UCITS Hedge Fund Database Launched
New York (HedgeCo.net) – Eurekahedge has launched a UCITS Hedge Fund Database and Index, covering 600 funds and representing more than $100 billion in assets. Overall assets in UCITS hedge funds edged up by nearly 15% since the start of […]
Alleged Mobster Charged In Staten Island Hedge Fund Fraud
New York (HedgeCo.net) – Nine more people have been charged in connection with the Gryphon Holdings Inc. case, where federal prosecutors allege a $20 million hedge fund scam, according to Staten Island Live (SIlive). Among the nine charged yesterday is […]
London Hedge Fund Trader Faces Jail Time
New York (HedgeCo.net) – A UK hedge fund trader pled guilty of conspiracy to commit insider trading in a London court yesterday, according to the Associated Press. Anjam Ahmad, 39, is out on bail but faces jail time. “I can […]