General News

	Stanley Fink Plans Trend Fund in Challenge to Man Group’s AHL	Feb 22/10
	Stanley Fink, whose investments in trend-following hedge funds lifted Man Group Plc’s assets more than 10-fold in seven years as chief executive officer, is starting a rival to his former employer’s largest fund, AHL. ...Read more
	Moore, Maverick join herd of hedge funds headed east	Feb 22/10
	With investors wanting more of Asia's stellar growth in their portfolios, top global hedge funds such as Moore Capital, Maverick Capital, Viking Global Investors and Stark Investments are set to open offices in Asia over the ...Read more
	Hedge Fund Transparency: The Long-Term Implications of Separate Account Management	Feb 22/10
	Hedge fund managers and investors alike have embraced separate account management as a panacea to their operational risk concerns and a quick win in the quest for greater transparency. But they should think again. In their ru...Read more
	Wall Street Firms and Hedge Funds recruit CIA, Ex-Military Intelligence	Feb 22/10
	Wall Street firms and hedge funds are actively recruiting former CIA and military intelligence officers in a bid to boost their security and risk management practices by looking for expertise outside the corporate world. Fina...Read more
	Hedge funds increase net long positions in crude oil futures	Feb 22/10
	An easing of the crisis in Europe gave energy markets a firm tone last week that enabled crude oil futures to gain nearly 8% amid mixed economic news and some concerns about supply. A strike at French oil refineries lifted pric...Read more
	CFA Releases Revised Global Investment Performance Standards	Feb 22/10
	The CFA Institute has just released the most comprehensive edition of the Global Investment Performance Standards (GIPS) to date. These standards have been under review for some considerable time. The new standards...Read more
	SEC to consider New Short Sale Curbs Next Week	Feb 22/10
	U.S. securities regulators will consider new short sale restrictions at an open meeting next week, a person familiar with regulators' plans said on Friday [Feb. 19]. The Securities and Exchange Commission is expected to mee...Read more
	Brooklyn School Dean Accused of Extorting Hedge Fund	Feb 19/10
	A Brooklyn school dean was accused of trying to extort a hedge fund out of $4 million by claiming he could prevent a federal inmate from telling investigators about alleged insider trades by the unidentified fund. Milton Bal...Read more
	Hedge fund firm GLG's assets boosted by inflows	Feb 19/10
	* Assets under management $22.2 bln, Q4 net inflows $723 mln * Hedge funds return 28.1 pct in 2009 * Q4 GAAP net loss $75.3 mln Hedge fund firm GLG Partners (GLG.N) saw assets under management rise marginally in the f...Read more
	Hedge Funds Still Favour London	Feb 19/10
	Heavy tax demands on London's under-fire hedge fund industry are unlikely to spark an exodus of operators to rival financial hubs such as Dublin or Geneva, a survey by property advisor Cushman & Wakefield showed. The stud...Read more
	Man Group pares Gains as BlackRock Bid Talk Fades	Feb 18/10
	Man Group shares pared gains but were still Wednesday's top FTSE 100 riser after a source close to BlackRock said the U.S. fund firm had no interest in buying the hedge fund firm. Shares in Man, the world's largest listed he...Read more
	Investors Exit Some Europe Bets but Remain Bearish	Feb 18/10
	Some hedge funds have started to adjust their investment strategies as European officials voice harsher criticism of investors who have used exotic investments to bet against the debt of countries like Greece, traders said. E...Read more
	Australia Property Firms May Seek Hedge Fund Cash	Feb 18/10
	Australian unlisted property companies, facing a funding gap as banks cut back on loans, may turn to alternative investors such as hedge funds as they seek to repay maturing debt, according to Nomura Holdings Inc. Lenders in...Read more
	Spain tightens proposed hedge fund rules	Feb 17/10
	European Union president Spain tightened proposed rules to regulate hedge funds and private equity groups, prompting accusations of protectionism from within the industry but potentially speeding up moves towards a deal. ...Read more
	U.S. presses for Rajaratnam criminal trial first	Feb 17/10
	U.S. prosecutors argued on Tuesday that Galleon hedge fund founder Raj Rajaratnam, indicted on fraud charges in a sprawling insider trading probe, would have an unfair advantage if a civil trial by market regulators went ahe...Read more
	Prominent hedge funds jumping into financials	Feb 17/10
	* Hedge fund investors raise bets on financial sector * CIT gets vote of confidence for bankruptcy turnaround * Paulson buying big and small banks Prominent hedge fund managers voted with their wallets in the fourth quart...Read more
	Citigroup Proving Irresistible to Hedge Funds Led by Paulson	Feb 17/10
	Firms run by John Paulson, Eric Mindich and George Soros purchased almost half a billion shares in Citigroup Inc. last quarter as more than 120 hedge funds said they bought stock in the bank. Paulson & Co. reporte...Read more
	Female touch is boosting hedge funds	Feb 17/10
	Women are excelling in an industry where their innovative, 'risk-intelligent' qualities are paying dividends Unlike most lists of its kind, our survey of the top 50 female hedge fund managers does not include...Read more
	Sprott Asset Management appoints Colbourne Senior Portfolio Manager	Feb 17/10
	Sprott Asset Management, which manages the Sprott family of mutual funds, hedge funds and discretionary accounts, has appointed Scott Colbourne to the position of senior portfolio manager. Colbourne started his career at ...Read more
	Arrow targets June 30 closing for Arrow High Yield Fund	Feb 17/10
	Arrow targets June 30 closing for Arrow High Yield Fund Fund capped at $500 million in assets The Arrow High Yield Fund is scheduled to close to new investment on June 30, Arrow Hedge Partners Inc. said Tuesday. The propose...Read more
	Hedge Funds start year in the red as global markets edge down	Feb 16/10
	Hedge fund strategies ended the first month of the year down 0.94 per cent as stocks pulled back amid fears about the global economy and the fiscal health of some Eurozone countries, according to the Lipper Hedge Fund Comp...Read more
	UK hedge funds 'entering buying frenzy'	Feb 16/10
	Lloyds is expected to head up a "buying frenzy" that has hit the UK markets, a source has reported. Angus Rigby, chief executive officer at TD Waterhouse, reports that top trading figures rose by 53 per cent las...Read more
	Appeals Court to Weigh Hedge Fund Recordings Fight	Feb 12/10
	Court to hear appeal of order requiring defense to divulge wiretap evidence to SECA federal appeals court has blocked an order requiring defense attorneys in history's largest hedge fund insider trading case to rel...Read more
	Local manager offers BVI hedge fund to Thais	Feb 12/10
	Foreign investment by local investors has grown rapidly in recent years supported by market deregulation, growing investor sophistication and Thailand's ongoing political impasse. Foreign investment funds managed 55...Read more
	Hedge Fund Fashion Guru Has a Sales Boom	Feb 12/10
	WE ALWAYS knew women were good at multi-tasking, but Britt Lintner really does take the concept to a new extreme. Regular readers may remember Lintner, who heads up her own flourishing wom...Read more
	RBC hedge 250 index ends January with flat performance	Feb 12/10
	The RBC Hedge 250 Index recorded a slight estimated fall of 0.18% in January. The return for December 2009 was finalised at a positive 0.73% The index is an investable benchmark of the performance of the hedge ...Read more
	UK lawmakers: EU hedge fund plan threatens economy	Feb 11/10
	European Union plans to regulate managers of hedge funds and other alternative investments need changing to avoid damaging Europe's economy and curbing investor choice, a report by British lawmakers said on Wednesday. In ...Read more
	Fund Manager Stein Sentenced to Nine Years for Fraud	Feb 11/10
	New York hedge-fund manager Edward T. Stein was sentenced to nine years in prison for running a $46 million Ponzi scheme that preyed upon friends and acquaintances. Stein pleaded guilty in June to four counts of securities ...Read more
	Service providers shift gears as fund launches take off	Feb 11/10
	After a sometimes nervous period of retrenchment and consolidation, service providers to the hedge fund industry in the British Virgin Islands such as administrators and law firms are moving up the gears as the upsurge in ...Read more
	Hedge Fund Research Company Morningstar Acquires Regulatory Specialist Team	Feb 11/10
	Independent hedge fund research company, Morningstar, Inc. has acquired the Footnoted business of Financial Fineprint Inc., a privately held firm based in Peekskill, N.Y. Footnoted.org was founded in 2003 by Michelle Leder, ...Read more
	Fund Of Hedge Funds Firm IAM Sets Up Shop In Spain	Feb 10/10
	Fund of hedge funds firm International Asset Management Limited has opened a branch office in Spain and is making a push to expand its client base in Southern Europe. The office is being headed by Marivi Lorente, who will be ...Read more
	Survey finds public disclosure of shorts would hurt	Feb 10/10
	* Study: public disclosure of shorts would curb liquidity * Study released on MFA Web site Forcing investors, including hedge funds, to disclose their short positions publicly would hurt equity markets by ultimately...Read more
	Cadbury boss calls for curbs on hedge funds	Feb 10/10
	Roger Carr, the outgoing chairman of Cadbury, called last night for action to curb the influence of hedge funds during hostile takeover bids. He believes that the funds, which amassed a 30 per cent stake in Cadbury as it was ...Read more
	Pension funds tell hedge funds to drop fees	Feb 09/10
	Pension funds will fight to force down fees paid to hedge funds following 2008’s $5bn (£3.2bn) exodus after the financial crisis left hedge funds struggling to win investors back. Last year thanks to its best performan...Read more
	Denmark's ATP to up hedge funds, private equity: CEO	Feb 09/10
	Pension fund ATP, which manages 609 billion Danish crowns ($112 billion), is set to invest 1 billion crowns a year in hedge funds as part of a plan to create an "all weather" portfolio, the fund's chief executive s...Read more
	Australian single hedge funds return 20.81% in 2009	Feb 09/10
	Australian absolute return and hedge funds enjoyed one of their best performances on record in 2009, according to a report by Australian Fund Monitors. Single funds across all strategies returned 20.81 per cent for their ...Read more
	FSA warns against heavy-handed EU regulation of hedge funds	Feb 09/10
	The chief City regulator added its weight today to growing concerns that EU plans for regulating the hedge fund industry will prove chaotic and excessively costly to implement. The Financial Services Authority said a proposed...Read more
	Hedge investors pay up for frozen funds	Feb 09/10
	London: Hedge funds clients are still paying lavish fees on $100 billion of money they are unlikely to be able to touch for some time, in a sign of the lingering damage done to the opaque industry during the credit crisis. ...Read more
	Bank of England panel condemns draft EU hedge fund legislation	Feb 08/10
	Draft European Union legislation designed to regulate the hedge fund industry would trigger “systemic failure and widespread market disruption” if it became law. Those are the findings of the Financial Markets Law Committee (...Read more
	Hedge funds start 2010 with small losses - HFR	Feb 08/10
	January's drop follows on heels of strong 2009 returns Some prominent managers nurse losses *Decline came as markets sold off BOSTON, Feb 5 (Reuters) - Global hedge funds started 2010 with small losses after markets...Read more
	Hedge funds perform well amid business model changes	Feb 08/10
	Fitch Ratings says the hedge fund industry performed well in quarter four 2009 and experienced a return of net new money inflows. The broad HFRI composite index was up 2.7 per cent in the quarter and 20 per cent over 200...Read more
	Hedge-fund manager Jeff Vinik buys Tampa Bay Lightning	Feb 08/10
	Jeff Vinik said there really was no place to play hockey where he grew up, not in Deal, N.J., or in New York City, where his parents moved the family when he was in eighth grade. Baseball? Vinik said he was a good-fielding, ...Read more
	Ex-JPMorgan Asset Manager Osezawa Plans New Japan Hedge Fund	Feb 05/10
	J-Flag Investment Co., a Japanese hedge-fund advisory firm, plans to start a new long-short fund that will target Japan’s smaller companies this year after its first fund outperformed the benchmark since inception in 2009....Read more
	Woori, Temasek to launch fund-of-hedge-funds	Feb 05/10
	* Woori to launch $30 mln fund-of-hedge-funds with Temasek * Woori winds-up one of its two absolute return funds * Woori to deploy capital from wound-up fund to new venture (Adds details of plan) By Kim Yeon-hee and P...Read more
	UK fund firm Hermes to allow fees clawback	Feb 05/10
	* Performance fees to be paid over three years * Instalments to be waived if fund underperforms * Structure could become "landmark move" LONDON, Feb 4 (Reuters) - Hermes Fund Managers will allow all its inve...Read more
	Emerging Equity Funds Post Most Outflows in 24 Weeks	Feb 05/10
	Emerging market equity funds lost $1.6 billion in weekly withdrawals, the biggest outflows in 24 weeks, as earnings and Greece’s debt woes raised concerns that the global recovery may falter, EPFR Global said. Investors ...Read more
	Hedge Fund Manager Sprott Sees Gold at $1,500 in 2010	Feb 05/10
	Eric Sprott, whose Sprott Hedge Fund increased more than fivefold in nine years, said gold may rise to $1,500 an ounce this year and $2,000 within two years as the U.S. government takes measures to counter the credit crunch....Read more
	Hedge fund manager is banned and fined by FSA	Feb 04/10
	A millionaire hedge fund manager was yesterday thrown out of the City for massaging his performance figures. Simon Treacher, an emerging markets specialist who helped run a £900m fund for BlueBay Asset Management, was also f...Read more
	Hedge fund industry most resilient	Feb 04/10
	The UK’s Financial Services Authority (FSA) authorised more new hedge fund management companies than any other financial advisory or trading sector during the last quarter of 2009, it has emerged. Research by corporate financ...Read more
	Hedge-Fund Startup Assets Declined 36% in 2009	Feb 03/10
	Assets raised by hedge-fund startups in 2009 fell 36 percent to $15 billion from the previous year, the lowest figure on record, a survey by AR magazine showed. The startups that raised the most money from investors were Woo...Read more