Yearly Archives: 2010
Hedge Fund Managers Eye Succession
NYT – Some of the world’s top hedge fund managers of the baby-boom generation are grooming potential successors to reassure investors in the event they one day step down, Bloomberg News writes. That contrasts with some older generation hedge fund […]
Losses for Bacon in Bad Month for Hedge Funds
NYT – Louis Bacon has, on average, achieved annual profits of about 20 percent over the past twenty years. But now it seems even the industry’s brightest players can’t avoid the global financial turmoil. In May, Mr. Bacon’s largest hedge […]
Volcker: Don’t exempt banks’ fund ties from rule
Reuters – White House economic adviser Paul Volcker firmly opposes exempting banks from his proposal to ban them from hedge funds or private equity funds when they make only small investments, according to a letter obtained by Reuters on Tuesday. […]
FBI Uses Terror-Probe Tactics on Fraud
WSJ – Federal Bureau of Investigation officials in New York are increasingly employing tools and techniques used to hunt terrorists to take aim at a different kind of criminal: white-collar con artists and inside traders. At a time when the […]
House Bill On Carried Interests May Affect Hedge Funds
New York (HedgeCo.net) – The House of Representatives recently passed legislation pushing back the effective date of a proposed tax increase on hedge fund managers which would prevent a portion of their income realized from carried interests in investment partnerships […]
Hedge Funds Down -2.99% In May
New York (HedgeCo.net) – The Hennessee Hedge Fund Index declined -2.99% in May (+1.57% YTD), while the S&P 500 decreased -8.20% (-2.30% YTD), the Dow Jones Industrial Average declined -7.92% (-2.79%), and the NASDAQ Composite Index fell -8.29% (-0.53% YTD). […]
Hedge fund group spent $1.4 million lobbying in 1Q
BusinessWeek – A trade group representing hedge funds spent nearly $1.4 million in the first quarter lobbying federal officials on proposed financial regulations, including stricter oversight of derivatives trading. The $1.37 million that the Managed Funds Association spent on lobbying […]
Lampert’s $829 Million Payout May Shield Him From Tax Increase
Bloomberg – Billionaire Edward Lampert may have found a way to shield himself from millions of dollars in taxes under legislation that would raise levies on profits at private- equity firms. ESL Partners LP, the Greenwich, Connecticut, hedge fund Lampert […]
Hedge Funds Struggle Amid Manager Scandals
TheStreet – Some of the biggest victims of the Madoff scandals were investors who relied on vehicles known as funds of hedge funds. Hundreds of millions of dollars vanished from funds of funds run by Maxam Capital Management and Tremont […]
Schumacher, MacBain Start Low-Cost Hedge Fund, Globe Says
Bloomberg – Two of Canada’s bond market veterans are seeking to raise C$100 million ($94.4 million) for a hedge fund that will invest in debt securities while keeping fees below industry benchmarks, the Globe and Mail reported. John Schumacher, former […]
State releases details of hedge fund investments
AP – State investment managers are making partially good on a pledge to make public details of their almost $3 billion in hedge funds. The Juneau Empire, which filed a public records request for the information, says the disclosure includes […]