Category Archives: Hedge Fund Regulation
Change Ahead for Hedge Funds
New York Times – Hedge funds have suffered a shakeout in 2008. The average hedge fund fell almost 20 percent, according to Hedge Fund Research. No fund has yet required a bailout. But many won’t be around in the new […]
Cayman Islands in the Foreign Press
Cayman Net News – In a landmark decision the Cayman Islands Court of Appeal has settled various questions on the suspension of redemption. The ruling (December 12, 2008) in the Strategic Turnaround Master Partnership (based in New York) versus Culross […]
Global stocks and dollar swing ahead of Fed meeting
Reuters – Volatility spread across stock and foreign exchange markets on Tuesday as investors eyed a Federal Reserve meeting expected to cut interest rates and hint at future unorthodox monetary policies to lift the U.S. economy. European stocks reversed early […]
8th Circuit Rejects Hedge Fund’s Debt Collection Practice
Law.com – The 8th U.S. Circuit Court of Appeals has become the first circuit in the country to rebuff efforts by a hedge fund to call in a debt based on an alleged technical violation of bond terms in a […]
Hedge funds in EU will be regulated
Reuters – Hedge funds in the European Union will be regulated following a public consultation that is currently underway, a senior EU official said on Wednesday. "On hedge funds, we have used as our basis that they must be regulated," […]
The Central Bank of Bahrain Joins Hedge Fund Summit
West Palm Beach (HedgeCo.net) – The Central Bank of Bahrain will be participating in the Hedge Funds Review, Middle East Summit in Bahrain on November 11-12, 2008. "As the funds industry continues to gather pace in the global arena, the CBB […]
SEC Loosens Ruling On Fund Solicitation Fees
West Palm Beach (HedgeCo.Net)- The SEC has clarified its position on the "Cash Solicitation Rule" saying that a registered investment adviser may compensate a person for soliciting investors for, or referring investors to his or her investment fund. Usually, under […]
IRS Restricts Deduction of Fund of Funds’ Management Fees
West Palm Beach (HedgeCo.net)- In a recent IRS Revenue Ruling addressing the tax treatment of management fees incurred in a “fund of funds” structure, the IRS’s has severely restricted UPTs (upper tier partnerships) from obtaining tax benefits from management fees. […]
Managed Funds Association Says Financial Problems Not Related To Short Selling Rules
West Palm Beach (HedgeCo.Net)- The Managed Funds Association (MFA) and the Coalition of Private Investment Companies (CPIC) called on SEC Chairman Christopher Cox in a letter to not extend the emergency order on short selling beyond the announced expiration date. […]