Yearly Archives: 2010
Icahn’s Funds Sell CIT Stake, Cut Yahoo Holdings, Filing Shows
Bloomberg – Billionaire Carl Icahn disclosed that his hedge-fund group sold its 4.9 percent stake in New York- based CIT Group Inc. and cut its holdings in Yahoo! Inc. by more than half. Icahn Capital LP listed no CIT holdings […]
People Moves: IMC Expands Investment Grade Credit Team
New York (HedgeCo.net) – Dutch hedge fund firm, IMC asset management, announced the hiring of a team of four senior investment professionals, and the launch of an investment grade credit corporate offering, within its core European credit capability. The investment […]
Hedge Fund Law Opposed by U.S, U.K. Set for EU Votes
BusinessWeek – A European Parliament committee may approve a proposal tonight to force hedge funds outside the EU to agree to transparency standards in exchange for a so-called passport to market to investors in the 27-nation bloc. EU finance ministers […]
Man Acquisition of GLG, Launches $63 Billion Hedge Fund
New York (HedgeCo.net) – Hedge fund giant Man Group has created a hedge fund managing $63 billion after acquiring rival $23.7 billion hedge fund GLG Partners in a $1.6 billion in deal. Man Group held a presentation today at 9.30am […]
Seeking less scrutiny, hedge funds flock to Asia
Reuters – As regulators in developed markets step up oversight of hedge funds, these free pools of capital are increasingly set to make their home in Singapore and Hong Kong. That will accelerate the flow of talent and foreign funds […]
Barclays Expands Prime Services Team as Asia Draws Hedge Funds
Bloomberg – Barclays Plc, the U.K.’s third- largest bank by assets, said it increased the number of people on its prime services team in Asia by about 65 percent as more international hedge-fund managers trade the region’s markets. The Barclays […]
EU to Seek Equal Treatment for Foreign Funds
WSJ – The European Commission wants to ensure that overseas hedge funds are given “equal treatment” under the European Union’s new rules for hedge funds and private-equity firms, the commission’s top policy maker on financial regulation said Monday. The issue […]
Platinum Horse Racing Ventures Fund Launch
New York (HedgeCo.net) – Susan and John Moore established M & M Stable in 2000, after ten years of solid success and having developed an extraordinarily high percentage of Stakes Horses, they are now starting a Fund which will invest […]
Dow Drop: Hedge Funds, Market Confidence & SEC Prestige on the Line
New York (HedgeCo.net) – “Getting to the bottom of the facts that led to this collapse of the market is as important as any single enforcement action the SEC may undertake this year,” said G. William Currier, a partner in […]
Milken Institute: Hedge Fund Industry Trends
New York (HedgeCo.net) – Investor due diligence, managed accounts, the role of large hedge funds, and return expectations were industry trends highlighted by Hans Hufschmid, CEO, GlobeOp Financial Services at the Milken Institute Global Conference held in Los Angeles, CA. […]
Gartmore stung by outflows from Rambourg suspension
Reuters – UK fund manager Gartmore said clients withdrew more than 1 billion pounds ($1.46 billion) in the wake of the suspension of one its top fund managers, highlighting the “key man risk”, which haunts the sector. Gartmore suspended Guillaume […]
Hedge funds, private equity expect tax hike
Reuters – Private equity, real estate and hedge fund managers are increasingly resigned to a tax increase on their profits as lawmakers get set to vote next week on a long-delayed measure. At issue is a change in the tax […]