The IRS announced on November 1, 2007 that it opened an inquiry into “suspected tax abuses” by hedge fund and private equity mangers relating to failure to report income or to improperly classify ordinary income as capital gains.  Among the […]

WASHINGTON, D.C., November 5, 2007 — Managed Funds Association (MFA) today recommended the hedge fund industry adopt significantly heightened standards of excellence by adhering to its latest version of Sound Practices for Hedge Fund Managers. The call came as MFA […]

West Palm Beach (HedgeCo.Net)- Institutional Investor’s Alpha Magazine has ranked Sidley Austin LLP the number one legal adviser to the hedge fund industry among onshore law firms for the second consecutive year. Thomas A. Cole, chair of the firm’s Executive […]

November 2nd, 2007 – The House Ways & Means Committee yesterday passed on a strictly partisan basis, the “Temporary Tax Relief Act of 2007,” which proposes two major tax hikes on fund managers.   While there is a long way to […]

West Palm Beach (HedgeCo.Net)- A survey conducted by Job Search Digest revealed insights into the world of hedge fund compensation. Most respondents, the survey shows, have less than two years with their firms, suggesting high employee turnover in the industry. […]

West Palm Beach (HedgeCo.Net)- Prudential Asset Management today announced its entrance into Hong Kong’s retail funds market with the launch of its first four retail sub-funds, the M&G Global Basics Fund, M&G Global Leaders Fund, M&G Pan European Fund, and […]

HedgeCo.Net – In a development which should be of interest to asset managers and their advisors, Ogier client Absolute Capital Management Holdings Limited (“Absolute Capital”) successfully restructured four of its equity funds to implement side pocket share classes and to […]

West Palm Beach (HedgeCo.Net)- According to Dr Nasser Saidi, Chief Economist of the Dubai International Financial Centre, “Economies of GCC states should now be considered as asset-based ones rather than oil-based.” The ‘Sovereign Reserve Management, Pension and Institutional Funds Congress […]

West Palm Beach (HedgeCo.Net)- Hilton Hotels Corporation and Blackstone Group announced the completion of their merger last week and are now expected to name Host chief executive of Hotels & Resorts Inc Christopher Nassetta as president and CEO, according to […]

West Palm Beach (HedgeCo.Net)- The Gibraltar based Sirius Investment Management is launching the Sirius Investment Fund II, a natural resource and mining-focused fund of hedge funds, which will be open to new investment on 1 November. It will invest predominantly […]

West Palm Beach (HedgeCo.Net)- Quantum Market Research is seeking nominations for the first annual “2008 Best Hedge Funds to Work For Award.” Deadline for nominations is November 15, 2007. Honoredfirms will be profiled in a report published January 2008. Hedge […]

West Palm Beach (HedgeCo.Net)- Hedge fund Mobius’Alco annuounced plans to raise billions of dollars to create four new funds by June after it added to its portfolio of aircraft, ships, trains, property and renewable energy assets in the first quarter.  […]