Tag Archives: congress
Congress Gets Obama Hedge Fund Disclosure Bill
CNBC – The Obama administration has sent legislation to Congress that would bring hedge funds and other private pools of capital under government supervision. The proposal calls for the Securities and Exchange Commission to oversee hedge, private equity and venture […]
Conn. Senate votes to regulate hedge funds
Charleston Daily Mail – The Connecticut Senate has voted to require hedge funds and private equity funds located in the state and doing business here to disclose certain conflicts of interest to customers. Supporters of the bill, which passed on […]
The Importance Of Paying Citigroup Bankers Bonuses
24/7 Wall St. – Citigroup has gone to the Treasury to beg for bonuses for some of its most important traders, people who make the banks extraordinary amounts of money. The Treasury’s reaction will probably be that it wants to […]
SEC enforcement chief Linda Thomsen resigns, replacement not named
Lethbridge Herald – The top cop at the U.S. Securities and Exchange Commission is leaving the government less than a week after receiving an angry dressing-down before Congress over the agency’s failure to detect a massive alleged fraud scheme. The SEC […]
Baker takes funds’ case to Congress
TheAdvocateOne year ago, former U.S. Rep. Richard Baker, R-Baton Rouge, stepped out of Congress to become the chief lobbyist for the trillion-dollar hedge fund industry and walked right into the economic tornado swirling through the nation. “I don’t have too […]
States urge Congress to regulate hedge funds
Reuters – State regulators urged Congress on Thursday to restore their authority to protect investors from fraud in the banking sector and to beef up oversight of hedge funds. Hedge fund advisers should be subject to the same kind of […]
Candace Bushnell Hates Hedge Funds
Forbes – It’s been foul weather for hedge-heads. Redemptions are rampant, performance is drooping, the Securities and Exchange Commission briefly banned short-selling, and Congress summoned them to do some ‘splaining. But the really bad stuff is yet to come. Hedge […]
DE Shaw, Farallon Restrict Withdrawals as Fund Freeze Deepens
Bloomberg – D.E. Shaw & Co. LP, the investment firm run by David Shaw, and Farallon Capital Management LLC limited withdrawals by clients, joining more than 80 hedge-fund managers to impose restrictions in the past two months. D.E. Shaw, which […]
Hedge funds working to limit redemptions
Reuters UK – Dozens of hedge funds have told investors they cannot get their money back right now as managers try to limit a wave of redemptions to safeguard all their clients’ investments — as well as their own futures. […]
