Yearly Archives: 2010
US, EU Reaffirm Support For ‘Level Playing Field’ For Hedge Funds
WSJ – The U.S. and European Union have yet to come to a specific agreement regarding the regulation of overseas investment funds but maintain they are on the same page in principle. In a statement issued after a meeting of […]
Bayview to Hire Alphex’s Takamatsu, Fold in Fund
BusinessWeek – Bayview Asset Management Co., a Tokyo-based investment boutique, will hire Alphex Investments Co. President Ichiro Takamatsu in July and fold some of the 1 billion yen ($10.8 million) fund he manages into its own. Alphex, a Tokyo-based hedge-fund […]
Ex-Lehman Executives Launch Hedge Fund
NYT – Former Lehman Brothers Asia executives, who headed the bank’s structured products division and its syndicate business, have launched their maiden hedge fund investing in distressed structured credit assets, Oracle Capital, Reuters reported. Oracle Investment Fund, targeting assets of […]
Offshore Hedge Funds moving to Europe
New York (HedgeCo.net) – In a response issues surrounding the Eurozone as of late, Gregg Davis, CEO of FDi Consulting said “Within the hedge fund space there are concerns of new regulatory shifts that will make the EU a more […]
Rajaratnam, Deutsche Bank, AIG, Goldman in Court News
BusinessWeek – “AMD on August 1st, now 13th,” Rajaratnam wrote in an Aug. 2, 2006, instant message sent to an RBC Capital Markets analyst. The analyst responded: “Hey, for the tickets have to choose package B?” “What’s going on?” Securities […]
Cornell Endowment Chief Plans to Start Hedge Fund
Bloomberg – James Walsh, the departing endowment chief at Cornell University, plans to start a $150 million hedge fund with performance fees that are spread out over three years. The fund, named Cayuga Capital Partners for Cayuga Lake near Walsh’s […]
Former Lehman Execs Launch Distressed Structured Credit Fund
ABC News – Former Lehman Brothers Asia executives, who headed the bank’s structured products division and its syndicate business, have launched their maiden hedge fund investing in distressed structured credit assets, said the partners in the fund firm, Oracle Capital. […]
Orszag Says Higher Tax on Fund Managers to Pass Within Weeks
Bloomberg – White House budget director Peter Orszag predicted Congress would approve higher taxes on managers of private equity firms, real estate funds and other investment partnerships in the coming weeks. Orszag, speaking yesterday at a conference in New York […]
US, EU Reaffirm Support For ‘Level Playing Field’ For Hedge Funds
WSJ – The U.S. and European Union have yet to come to a specific agreement regarding the regulation of overseas investment funds but maintain they are on the same page in principle. In a statement issued after a meeting of […]
Moore Lambasts E.U. Hedge Fund Rules
NYT – Louis Bacon, who topped the list of the U.K.’s richest hedge fund managers in 2010, is apparently none too pleased with European lawmakers moves to increase regulatory oversight of the hedge fund industry. In a letter to investors […]
Hennessee: Hedge Funds Advance +1.30% In April
New York (HedgeCo.net) – The Hennessee Hedge Fund Index advanced +1.30% in April (+4.61% YTD), while the S&P 500 increased +1.48% (+6.42% YTD), the Dow Jones Industrial Average advanced +1.40% (+5.57% YTD), and the NASDAQ Composite Index advanced +2.64% (+8.46% […]
Tullett venture to raise money for hedge funds
Reuters – Brokerage Tullett Prebon has set up a venture to raise money for hedge funds and private equity funds in the hope of tapping investors returning to these portfolios as the credit crisis eases. The world’s second-largest interdealer broker […]