Author Archives: Editor
SEC Adopts Asset-Backed Securities Reform Rules
New York (HedgeCo.Net) – The Securities and Exchange Commission has adopted revisions to rules governing the disclosure, reporting, and offering process for asset-backed securities (ABS) to enhance transparency, better protect investors, and facilitate capital formation in the securitization market. The […]
Hedge Funds Hunting Clues in Treasury Tax-Inversion Limit
Bloomberg – Tax lawyer Robert Wellen’s telephone keeps ringing with calls from hedge-fund executives he’s never met. They’re desperate for clues about the Treasury Department’s planned crackdown on corporate inversions, overseas mergers that cut companies’ U.S. tax payments. The barrage […]
Why you should avoid the hottest hedge fund hands
CNBC – Investors who don’t have money with Pershing Square Capital Management are likely salivating at the hedge fund’s industry-leading 26 percent return from January through July. But investing with Bill Ackman and other top-performing managers after a great run […]
PwC must face $1 billion lawsuit over MF Global advice
Reuters – A federal judge on Wednesday [Aug. 27] ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd., a brokerage run […]
Merck to Comply With Hedge Fund’s Subpoena
New Jersey Law Journal – Merck must hand over internal documents related to its valuation of an osteoporosis drug it developed, thanks to a New Jersey federal judge’s decision. In Biotechnology Value Fund v. Celera, U.S. Magistrate Judge Douglas Arpert […]
4 Essentials Your Financial Advisor Should Have
User Contributed News – Shocking stats continue to make news regarding America’s preparedness for retirement, including the fact that one of five citizens near retirement age have zero money put away for the golden years, according to statistics recently released […]
Banks’ pressure stalls opening of U.S. derivatives trading platform
Reuters – The first interdealer trading platform aimed at opening up credit derivatives markets to new competition has hit roadblocks due to resistance from some banks that dominate such trading, according to several people familiar with the situation. Derivatives markets […]
Goldman Sachs’ 50 Stocks That Matter Most to Hedge Funds
The Street – Recently, Goldman Sachs released their quarterly Hedge Fund Trend Monitor report. To compile the report, Goldman analyzed 775 hedge funds with $1.9 trillion of gross equity positions ($1.4 trillion long and $666 billion short) at the start […]
Brazil Candidate Neves Wants Hedge Fund Manager as His Finance Minister
Telesur – Conservative Brazilian presidential candidate Aecio Neves announced on Wednesday that he would tap a former hedge fund manager as his finance minister should he win the country’s upcoming election. Neves said during Wednesday night’s televised presidential debate with President […]
BNY Mellon Loses Argentina Trustee Role, Sued by Hedge Funds
Zacks – The Bank of New York Mellon Corporation (BK – Analyst Report), the center of legal dispute that pushed Argentina to default for the second time in 13 years, is no longer authorized to operate in the country. The […]
Hedge funds investing in India turn top performers
Singapore: Hedge funds investing in India have become the world’s best performers this year on expectations that Prime Minister Narendra Modi will revive Asia’s third- largest economy. The funds investing in the South Asian nation have returned 26% this year […]
Illinois Teachers maps out 2015 real estate, hedge fund deployments
P&I – Illinois Teachers’ Retirement System, Springfield, plans to deploy a total of at least $1 billion with real estate and hedge fund managers in the fiscal year ending June 30, 2015. Trustees of the $45.3 billion pension fund approved […]