Yearly Archives: 2010
Capital gains tax of 40-50pc would be bad for Britain, says hedge fund guru
Telegraph – Being called the godfather of the British hedge fund industry might not appeal to sensitive members of this secretive profession but Stanley Fink seems to like it. “I hope that people mean it in the positive sense, not […]
Pension funds bet on death through life settlements
Post Gazette – Allegheny and Westmoreland counties are trying to reduce their pension funds’ exposure to the volatile stock market through a relatively new type of investment based on life insurance policies. The two governments’ modest investments in life settlements […]
Eisman of ‘Big Short’ Says Sell Education Stocks
Bloomberg – Steven Eisman is shorting, or betting against, shares of higher- education companies because of the parallels he sees to the housing market, where prices began to fall in 2006 as loan defaults by homeowners with poor or limited […]
Longtime investors stay true to hedge funds
Pensions & Investments – U.S. pension funds with nearly a decade of hedge fund experience under their belts remain strongly committed to the asset class, and some intend to put more money there this year. Only 13 pension plans were […]
China National Pension Fund Adviser Plans Hedge Fund
BusinessWeek – A senior adviser to China’s $130 billion state pension pool and a former Asia prime brokerage head at Morgan Stanley are teaming up to start a China-focused hedge fund in September. Hong Kong-based JT Capital Management Ltd. is […]
Watch hedge funds become fall guys for Europe’s crisis
Times Live – If investment banks were permitted to create murky products out of bundled-up mortgages that home owners were unlikely ever to repay, then hedge funds were going to trade them. Any money manager worth his salt will try […]
People Moves: Millennium Hires Industry Veteran to Oversee Continued Asian Expansion
New York (HedgeCo.net) – Millennium Management LLC, a New York-based global investment management firm, announced today that it has broadened its Asian platform by naming Kunho Cho as the firm’s Chairman, Asia. Mr. Cho was formerly Head of Investment Banking, […]
Survey: Hedge Funds & FoHFs Expect Competition
New York (HedgeCo.net) – International hedge fund advisory firm, Rothstein Kass, released a survey report “A Call to Action” on key trends impacting the fund of funds sector. Findings suggest that the hedge fund industry expects intense competition for investment […]
Hedge Fund Adviser & Politician Charged in Fraud Case
New York (HedgeCo.net) – Hedge fund adviser Kenneth Starr has been charged with investment fraud in an alleged $30 million scheme in which Andrew Stein, a former New York City politician, has also been described as an “associate”, the Wall […]
Hedge-fund swindler faces pre-sentencing hearing today
LoHud (NY) – James Nicholson, a former Rocklander convicted of stealing millions of dollars from 400-plus hedge fund investors, takes the first step toward prison today at a pre-sentencing hearing in U.S. District Court. During the hearing, a prelude to […]
Hedge fund boss who found he couldn’t escape the regulator
The Independent – When Art Samberg pushed himself to climb Kilimanjaro in 2000, to celebrate his 59th birthday, he was already at the summit of the hedge fund world. In fact, he is sometimes called the grandfather of the industry, […]
City cheered as flagship fund leads recovery at Man
TimesOnline – The world’s largest listed hedge fund manager reported forecast-busting annual profits yesterday, boosted by a recovery in its flagship $21 billion AHL fund. Shares in Man Group, which last week snapped up its smaller rival GLG for $1.6 […]