Author Archives: the HedgeCo News Team
Hedge funds still causing some jitters
This is Money – Institutional investors are still running scared from hedge funds after last year’s bloodbath, figures from sector giant Man Group show. They pulled a net £2bn from Man Group in the first quarter of its financial year. […]
At Nadel hearing, new fund surfaces
Herald Tribune – At a bail hearing in which Arthur G. Nadel was sent back to his cell to come up with better co-signers, a federal judge heard from the receiver in the case about a previously unknown multimillion-dollar hedge […]
Cerberus to change terms of hedge fund: source
Reuters – Private equity firm Cerberus is to place investors seeking withdrawals from one of its hedge funds into a special purpose vehicle which would make cash distributions over time, a source familiar with the contents of a recent investor […]
Boris Johnson is right: the EU’s hedge fund rules will destroy the City
Telegraph.co.uk – The City is staring into the abyss. If the proposed EU directive on hedge funds goes through, London will go the way of Bruges, Venice and Amsterdam: a once dominant financial entrepôt sidelined by more virile cities. This, […]
Man Group Advances as Pace of Redemptions by Investors Declines
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, rose as much as 4.5 percent in London trading after redemptions by institutional investors slowed. Pension plans, endowments and money managers pulled $1.8 billion on July 1, half the […]
Fund plans ‘could strangle’ City
BBC – Under the EU plans, hedge funds would be required to be more open, and their ability to borrow would be limited. The Mayor is concerned that if these rules are adopted, hedge funds will be driven to relocate […]
Dreier Describes Downfall in Letter Seeking ‘Rational’ Term for Fraud, Theft
Law.com – Marc S. Dreier on Wednesday sent a confessional letter to the federal judge who will sentence him on Monday (pdf), describing in remarkable detail how he funded the once-admired expansion of Dreier LLP by committing frauds totaling more […]
Man Group funds under management decline in 1H
Forbes – Man Group PLC, the world’s largest publicly traded hedge fund, said Thursday that funds under management declined in the first half despite a recent growth in private investor sales. The group said it had $43.3 billion in funds […]
Conyers Named Offshore Law Firm of the Year
HedgeCo.net (West Palm Beach) – Hedge fund law firm Conyers Dill & Pearman was named Offshore Law Firm of the Year at 2009 The Lawyer Awards. According to the judges’ criteria, the award is presented to the firm which demonstrates […]
Penjing’s Wu to Expand Seeding of New Hedge Funds
Bloomberg – Ronnie Wu, chief investment officer of the $400 million hedge fund of funds house Penjing Asset Management Ltd., will start a pool of money dedicated to providing early investments to new hedge funds next month. It aims to […]
Investors sue Highland Capital after funds shut
Reuther – A group of wealthy clients who invested $50 million with two hedge funds felled by last year’s credit crisis are accusing Highland Capital Management’s partners of having lied about key facts. LV Highland Credit Feeder Fund LLC, an […]
Man Group funds drop, but withdrawals are slowing
MENAFN – U.K. hedge fund manager Man Group reported a further decline in its assets under management Thursday, but said institutional customers have significantly slowed their withdrawals and private investor sales have been strong. The group said funds under management […]