Yearly Archives: 2010
LPs Are Back, But Some Are Looking For Fund Right-Sizing
Private Equity Beat (WSJ) – Limited partners have begun to come out of their foxholes after laying low for much of 2009. But their own liquidity issues and concerns about capital overhang may keep the flow of new money to […]
Hedge fund interviewers ask toughest questions-survey
Reuters – “Tell me anything that I haven’t heard before,” is a typical inquiry posed by employers at hedge funds when they interview prospective hires. Such firms ranked as the toughest interviewers in the financial services industry, according to a […]
SEC Boosts Offshore Accounting Scrutiny, Fagel Says
Bloomberg – Securities and Exchange Commission investigators are increasing scrutiny of U.S. companies’ offshore operations amid concern that accounting controls may be too weak, the head of the agency’s San Francisco office said. “Some of the old-fashioned revenue recognition and […]
The Next Big Industry That Hedge Funds Shorts Are Set To Take Down
The Business Insider – Hedge funds have been circling for new carrion to devour in the next economic slowdown and have found a big fat target in the for-profit educational sector. The industry is ripe for the taking. For two […]
Founder says Lionsgate’s Burns has conflict of interest in Hollywood Stock Exchange/Cantor Exchange
Hedge Tracker – The chance to turn your virtual cash into the real thing on the Hollywood Stock Exchange is set to begin at the end of June. The futures market regulator, the CFTC, is moving forward on approving trading […]
Comey Leaving Lockheed for Hedge Fund
MJ – James Comey, the former Deputy Attorney General who in 2004 infuriated the White House by refusing to along with the Bush administration’s warrantless domestic eavesdropping program, is stepping down as general counsel and vice president at Lockheed Martin […]
Credit Suisse: Hedge Funds Post Negative Returns in May
New York (HedgeCo.net) – Hedge fund performance was negative across most strategies in May, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse. “The Credit Suisse Liquid Alternative Beta Index (CSLAB) generated negative performance in […]
Wall Street Sees Sales Flaws After SEC Goldman Suit
BusinessWeek – Wall Street’s biggest firms are considering the suitability of selling opaque financial products to governments, endowments and not-for-profit institutions after the contracts magnified credit-market losses that plunged the U.S. into a recession. “There is no distinction among very […]
“Hedge Fund Manager” on the Run From FBI Arrested in Poland
New York (HedgeCo.net) – An American fugitive, Alexsander Efrosman, also known as Alex Besser, has been arrested in Krakow, Poland, the Associated Press reports. The Polish police arrested the Staten Island “hedge fund manager”, who is wanted by the FBI […]
G20 progress on financial regulation
Reuters – Finance ministers from the G20 group of industrial and emerging countries meet in Busan on June 4-5 to review pledges made in 2009 to strengthen regulation and learn lessons from the financial crisis. The focus is on the […]
FSA Investigates Gartmore Star Manager
WSJ – Gartmore Group said U.K. regulators are investigating Guillaume Rambourg, a star manager the firm suspended and then reinstated earlier this year after he broke internal trading rules. The announcement sent the London-based asset manager’s shares sharply lower Tuesday, […]