Author Archives: the HedgeCo News Team
2-EU’s McCreevy says no need to regulate hedge funds
Reuters – Hedge funds and private equity funds should be monitored closely but there are no plans to propose regulation, a top European Commission official said on Monday, sparking anger from left wing lawmakers. It has been the heavily regulated […]
Dubai adds to chorus against market abuse
Financial Times – Dubai yesterday joined the chorus of regulatory voices condemning the short-selling of shares as concern mounted that hedge funds shorting key Gulf companies are contributing to a dramatic drop in regional bourses. Short selling, through which investors […]
MEPs demand unprecedented openness from hedge funds
Guardian.co.uk – MEPs will call tomorrow for EU legislation to force private equity groups and hedge funds to disclose unprecedented amounts of information about their activities. The demand for tougher regulation comes as private equity groups are warning that the […]
Hedge funds seen switching short exposure to retail
Reuters UK – Hedge funds are likely to increase short exposure to retail stocks following a ban on short selling financial shares imposed by UK and U.S. regulators, industry insiders said on Friday. Equity long/short and market neutral hedge funds […]
Lehman Brothers Faces Objections to Barclays Sale
Bloomberg – Lehman Brothers Holdings Inc., the U.S. investment bank holding company that filed the largest bankruptcy in history, faces objections to a proposed $1.75 billion sale of its broker-dealer unit to Barclays Plc. Hedge fund Harbinger Capital Partners asked […]
Europe’s MPs push for hedge fund transparency
Times Online – The European Parliament will support calls tomorrow for Europe-wide legislation aimed at making the inner workings of hedge funds and private equity more transparent. The proposals – championed by Poul Nyrup Rasmussen, the Socialist MEP and a […]
SEC Pushes Hedge Fund Oath in Manipulation Probe
Bloomberg – The U.S. Securities and Exchange Commission, seeking to jumpstart a hunt for suspected manipulation of financial stocks, will require hedge fund managers, brokerages and institutional investors to describe under oath their bets on the firms. Investors with “significant” […]
MSCI Barra Joins Morningstar Arrangement
West Palm Beach (HedgeCo.net) – MSCI Barra and Morningstar have entered into an arrangement to calculate and distribute hedge fund indices jointly. “We are delighted to be working with Morningstar, and believe that this exciting development will greatly benefit all […]
Central banks may expand range of collateral
Washington Post – Central banks in the United States, Europe and Japan will consider taking foreign-denominated assets as collateral in an effort to provide liquidity for battered financial markets, the Nikkei newspaper said on Sunday. Currently most central banks only […]
Citadel resolves spat with JP Morgan
JP Morgan Chase & Co and Citadel Investment Group resumed trading with each other on Friday, one day after the bank had cut off the hedge fund over a hiring dispute, a person familiar with the matter said. "The dispute […]