Category Archives: Hedge Fund Regulation
Mary J. Miller On OTC Derivatives And the Dodd-Frank Act
Secretary Mary J. Miller at the CFA Institute: During my time at Treasury, I have come to greatly appreciate the importance of open lines of communication with investors, financial institutions, and other stakeholders. As the Assistant Secretary for Financial Markets, […]
San Francisco Hedge Fund Team Accused of Providing SEC With Phoney Paperwork
New York (HedgeCo.net) – The SEC has charged San Francisco-area hedge fund adviser Kurt Hovan with fraud for lying to clients about brokerage commission rebates and producing phony documents to cover up the fraud during an SEC examination. “The SEC’s […]
Quant Hedge Fund Start-Up Has Assets Frozen
New York (HedgeCo.net) – The SEC has accused Belal K. Faruki and Neural Markets LLC., and relief defendants Evolution Quantitative 1X Fund and Evolution Quantitative 1X LLC., of misrepresenting their startup hedge fund. A federal judge has frozen all the manager’s hedge […]
Update: Cayman Hedge Fund Directors Fined For Neglect
New York (HedgeCo.net) – The Court of the Cayman Islands has found two hedge fund directors guilty neglecting their duties, fining them $111 million each. The hedge fund, Weavering Macro Fixed Income Fund, was found to have failed because of the directors’, […]
SEC Settles With Hedge Fund Manager Over Hepatitis Drug Study Leak
New York (HedgeCo.net) – The SEC has agreed to settle a lawsuit with former FrontPoint Partners LLC hedge fund manager Joseph F. “Chip” Skowron, Bloomberg reported this morning. “Skowron surrendered in April to Federal Bureau of Investigation agents in New […]
Man Group Hedge Fund Inflows Reach $71 Billion June 30th
New York (HedgeCo.net) – Hedge fund giant Man Group reached $71.0 billion (FUM) at 30 June 2011, compared with $69.1 billion by 31 March 2011. “We are pleased to be reporting strong net inflows from investors over the last quarter.” […]
Rajaratnam Hedge Fund Debacle Just “Tip of the Iceberg” For Rajat Gupta
New York (HedgeCo.net) – Being entangled with the Galleon hedge fund scandal was just the tip of the iceberg for former McKinsey partner Rajat Gupta, according to the 2011 July issue of Bloomberg Markets magazine. At McKinsey, a firm known […]
Artur Davis: Government To Act More Aggressively In Future Hedge Fund Stings
New York (HedgeCo.net) – After 11 days of deliberations, a federal jury in New York’s Southern District has found Galleon hedge fund manager Raj Rajaratnam guilty on all 14 counts of securities fraud and conspiracy — a clean sweep for […]
Study: Hedge Fund Size & SEC/Investor Lawsuit Costs
New York (HedgeCo.net) – Large hedge funds with over $10 billion in assets under management (AUM) typically purchase $40 million or more in professional liability insurance coverage, nearly 200% more than medium funds between $1 billion and $3 billion in […]
OpEd: Estate Planning with Hedge Fund Performance Allocations (part two) Wealth Transfer Options
New York (HedgeCo.net) – By hedge fund specialist law firm Holland & Knight partner Bradley M. Van Buren. Continued from part one – Under current tax law, for gift and estate tax purposes, each individual has the ability to give away […]
