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Sunday, December 8, 2024
General News |
Patrick Dailey charged with operating multi-million dollar fraudulent commodity pool | Jul 09/09 |
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The US Commodity Futures Trading Commission has charged
Patrick J. Dailey of Dana Point, California, and his company, Strongbow
Investments of Austin, Texas, with operating a multi-million dollar
fraudulent commodity pool and f...Read more |
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City targets US help in EU hedge fund fight | Jul 09/09 |
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The EU directive, a response to public anger at the
excessive risk-taking that led to the credit crisis, would require many hedge
funds and private equity firms to register with regulators and disclose more
about themselves ...Read more |
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Mid-Year Hedge Fund Review | Jul 09/09 |
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According to the Absolute Return
database, in the first half of the year, hedge funds continued to generate
strong returns, up an estimated 6.33% this year. June was generally a flat
month, up an estimated .40%, with about...Read more |
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UBP Hires Two Fund Executives in Effort to Rebound From Madoff | Jul 08/09 |
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Union Bancaire Privee, the private Swiss bank that lost $700 million with
Bernard Madoff, hired two executives for new senior jobs in its
fund-management unit as it seeks to restore investor confidence.
Sara Sprung, 46,...Read more |
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Madoff Trustee Says Vizcaya Hedge Fund Ignored Suit Against It | Jul 08/09 |
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The trustee liquidating
Bernard Madoff’s investment-advisory business told a judge that British
Virgin Islands-based hedge fund Vizcaya Partners Ltd. missed a deadline to
respond to a lawsuit accusing it of taking $150 mill...Read more |
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U.S. regulator to identify hedge fund bets in commods | Jul 08/09 |
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The regulator of U.S. commodity markets said on Tuesday his agency's weekly
Commitments of Traders report will be revamped to include hedge fund positions
for better transparency.
"Enhancing the quality of information ...Read more |
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McCarty, Who Foresaw Bear Stearns Collapse, Plans Hedge Fund | Jul 08/09 |
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Michael McCarty, former chief equity and options strategist at Meridian
Equity Partners Inc. in New York, plans to start a hedge fund next month that
will make bets on price discrepancies between similar exchange-traded fu...Read more |
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Meriwether Said to Shut JWM Hedge Fund After Losses | Jul 08/09 |
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John Meriwether, who roiled global markets when Long-Term Capital Management
LP collapsed in 1998, plans to shut his current hedge fund, according to a
person familiar with the matter.
JWM Partners LLC is closing its...Read more |
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Hedge fund gains hit nine-year high | Jul 07/09 |
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• Highest-performing
hedge funds invested in Hungary and India
• Pension funds have continued to back hedge funds
Hedge funds enjoyed a bonanza in May
with gains at a nine-year high, according to ind...Read more |
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Madoff Trustee Seeks $1 Billion Harley Default Award | Jul 07/09 |
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The trustee liquidating
Bernard Madoff’s investment-advisory business asked a judge for a default
ruling against Harley International Ltd., arguing that the hedge fund failed to
respond to a lawsuit accusing it of taking $1...Read more |
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Ospraie’s Anderson Said to Start Hedge Funds With $100 Million | Jul 07/09 |
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Dwight Anderson, the commodities investor who liquidated his Ospraie Fund
last year after a 39 percent loss, started two hedge funds this month with about
$100 million, according to two people familiar with his firm.
Osp...Read more |
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Cayman fund managers respond to SEC proposals | Jul 07/09 |
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Hedge fund experts in the Cayman Islands have reacted favourably to last week’s
proposals by the Inspector General of the US Securities and Exchange Commission
(SEC) to increase fund regulation.
The SEC has proposed that r...Read more |
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Texas Hedge Fund Fraudster Pleads Guilty | Jul 07/09 |
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A Texas hedge fund manager has pleaded guilty to running a $14 million Ponzi
scheme.
Rod Stringer last week waived indictment on the money laundering charges. He
faces up to 10 years in prison and a $250,000 fine.
According ...Read more |
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Macquarie, ING Top Alternative Asset Managers for Pension Funds | Jul 07/09 |
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Macquarie Group Ltd., ING Real Estate Investment Management and
Morgan Stanley are the three biggest managers of alternative assets for
pension funds, according to a survey published by
Watson Wyatt Worldwide Inc.
Gl...Read more |
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Hedge-fund industry 2.0 taking shape | Jul 07/09 |
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There are signs of life returning to the hedge-fund industry. Assets under
management are rising. New funds are being launched. Some are even making money.
Reports of hedge funds' demise are exaggerated even if it isn't quite t...Read more |
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More bidders interested in Porsche VW stake | Jul 06/09 |
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Five more potential bidders have emerged for a Porsche-owned derivatives
package which controls Volkswagen (VOWG.DE:
Quote,
Profile,
Research)
shares, Porsche (PSHG_p.DE:
Quote,
Profile,
Research)
told German paper Han...Read more |
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A Taste for Risk—Again | Jul 06/09 |
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It’s amazing the difference a rally can make in investors’ appetite for risk.
A few months ago, mutual-fund investors were yanking money out of stocks and
high-quality corporate-bond funds and parking it in safer places, like
...Read more |
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RBC Dexia to provide shareholder services for Arrow Hedge | Jul 06/09 |
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RBC Dexia Investor Services has been selected by Arrow
Hedge Partners to provide shareholder services for a portfolio of funds
in Canada.
Arrow Hedge Partners is a Canadian-based investment management
company that provides it...Read more |
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Standard and Poor's removes ratings on fund of hedge funds | Jul 06/09 |
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Standard and Poor’s
has removed its ratings on nine single and multi-manager alternative
strategy funds at the request of the managers ahead of a sector review
later this month.Some of the fund of hedge funds have had their
ra...Read more |
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Hedge fund clones grow in appeal | Jul 06/09 |
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Pioneers of hedge fund replication are reporting rising interest as
investors consider returning to the asset class but remain wary of the
underlying industry’s poor record on liquidity and transparency and its
sky-high fees.St...Read more |
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BetaPro to sell minority stake in AlphaPro subsidiary | Jul 03/09 |
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Deal with National Bank expected to close later this summer BetaPro Management Inc. has entered into an agreement to
sell 20% of its AlphaPro Management Inc. subsidiary to
National Bank Financial Group, BetaPro said Thursd...Read more |
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Hedge funds on a refund policy | Jul 03/09 |
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Hedge fund investors are developing new fee structures around long-term
performance - putting in place a "refund" clause if the hedge manager
underperforms.
The latest State Street Vision report on the sector found ...Read more |
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Tahan Capital Readies Asian Credit-Focused Hedge Fund | Jul 03/09 |
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Alternative asset management firm Tahan Capital Management is gearing up to
launch an Asian-focused hedge fund that invests in Asian high yield/distressed
securities, credit long/short, and macro strategies.
The Tahan Capita...Read more |
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Fears That Madoff May Be 'Taken Out' By Fellow Inmates | Jul 03/09 |
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Bloomberg reports that $65bn fraudster Bernie Madoff may need to look out
for himself in prison. Bernie could be in danger from fellow inmates, as the
majority of those banged up with him will be serving time for violent ...Read more |
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Och-Ziff Loses $800 Million to Withdrawals From Its Hedge Funds | Jul 03/09 |
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Och-Ziff Capital Management Group LLC lost about 3.7 percent of the money it
manages in June because of investor withdrawals from its hedge funds.
Assets under management declined $800 million in the month to $20.7 billion...Read more |
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CFA Institute launches European Investors Working Group | Jul 02/09 |
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The European Investors Working Group has met for the
first time in Brussels to set the agenda for the group's contribution
towards creating an efficient, effective and globally competitive
European regulatory model.
The EIWG ...Read more |
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Hedge fund investors to demand more data | Jul 02/09 |
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Many hedge fund investors burned
by last year's market meltdown will likely demand a system of
checks and balances in which outsiders keep a closer watch over
assets, data released on Wednesday show.
Pension funds, en...Read more |
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A Unique Survey of Compensation Practices in the Hedge Fund Industry | Jul 02/09 |
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Grahall Partners, LLC recently released to participants the results
of the 2009 Survey of Hedge Fund Compensation Practices. The survey was
developed in collaboration with Kleinberg, Kaplan, Wolff & Cohen,
P.C. and UBS Prim...Read more |
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Boost hedge fund, accounting oversight: SEC watchdog | Jul 02/09 |
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The U.S. Securities and Exchange Commission should tighten
regulation of hedge funds and other investment advisers in the wake of
its failure to stop Bernard Madoff's $65 billion Ponzi scheme, an internal investigator for the ag...Read more |
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Madoff's Investors Don't Deserve Compensation or Sympathy | Jul 02/09 |
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The WSJ is issuing more Madoff victim propaganda. It is interesting to see the WSJ
advocating free markets while slyly supporting special treatment for
rich investors who failed to follow basic financial advice. Remember:
Mado...Read more |
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Marketcetera gives hedge funds cloud-based trading | Jul 02/09 |
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If any class of financial-services firm should have become extinct
in 2008, it's the hedge fund. Hedge funds bled $154 billion in 2008, according to Lipper Hedgeworld, with 1,500 hedge funds closing shop, as reported by The New Y...Read more |
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State Street Releases Vision Reports on Hedge Funds and Private Equity Industry | Jul 02/09 |
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Reports Examine Industry Challenges, Long-Term Outlook
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT), the world’s leading provider of
...Read more |
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BluMont merges funds | Jul 02/09 |
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In an effort to streamline its fund line-up, BluMont Capital Corporation plans to merge its Canadian Opportunities Fund and Hirsh Long/Short Fund with the BluMont Core Hedge Fund. BluMont believes that the termination of the Canad...Read more |
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CAIA membership surpasses 3,100 designees | Jun 30/09 |
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The Chartered Alternative Investment Analyst Association
has welcomed the Class of March 2009, a group of 650 new members who
received the CAIA designation during the most recent examination
period.
With the addition of these...Read more |
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Measurisk crosses 1,000 hedge fund milestone | Jun 30/09 |
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Risk analytics provider Measurisk,
an affiliate of J.P. Morgan Worldwide Securities Services, has crossed
an industry milestone in modelling the full positions of over 1,000
hedge funds.
This makes it the largest position-base...Read more |
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Hedge funds post their best monthly returns in nine years | Jun 30/09 |
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HEDGE funds posted their best monthly returns
in over nine years in May as an appetite for risk returned to the
industry, according to data released yesterday.The Credit
Suisse/Tremont Hedge Fund Index closed up 4.1 per cent in...Read more |
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M&G’s Dobell blasts ‘selfish’ hedge funds | Jun 30/09 |
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One of the most senior fund managers at Prudential has attacked hedge funds as
selfish and devious and blasted derivatives as “the scourge of the modern
age”.
Tom Dobell, who manages the £3 billion Recovery Fund for M&a...Read more |
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Rebalancing is back in vogue | Jun 30/09 |
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Pension funds, foundations and endowments
that had been reluctant to rebalance their portfolios because of wild
swings in the market are now starting to come around. Many of
them had held off on rebalancing earlier this year, b...Read more |
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China and Taiwan clamp down on risky products | Jun 30/09 |
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China is nipping equity
exposure in bank wealth management products, while structured product
distribution will be treated with a heavier hand in Taiwan.
...Read more |
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Hedge fund community worried about regulatory reform, survey reveals | Jun 29/09 |
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Portfolio managers and executives of US hedge funds
believe the industry can survive the economic turmoil, but the
overriding concern - by a three-to-one margin - is that the government
will go too far in its financial regulato...Read more |
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Hedge funds fuel return of confidence | Jun 29/09 |
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HEDGE funds could
well complete their best start to the year since 1999 in a recovery
that has begun to restore investors' faith in them. Global
hedge funds made an estimated 9.73 per cent in returns for the year to
June 24, a...Read more |
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Hedge funds rally troops to raise funds for EU campaign | Jun 29/09 |
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A GROUP of hedge funds is putting together a
fighting fund to battle the planned European Commission Directive on
Alternative Investment Fund Managers that they say will unfairly punish
the UK hedge fund industry.The Alternativ...Read more |
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Ruth Madoff Agrees To Forfeit $80M | Jun 29/09 |
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The wife of disgraced financier Bernard Madoff is reported to have
given up her claim to more than $80 million in property whose
forfeiture is being sought in the case against him, the Wall Street Journal has reported.
Under...Read more |
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Madoff Should Spend Rest of His Life in Prison, Prosecutors Say | Jun 29/09 |
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Bernard Madoff, the investment
manager who pleaded guilty to masterminding the largest Ponzi
scheme in U.S. history, should be sentenced to a term of 150
years in prison, federal prosecutors recommended.
Madoff, 7...Read more |
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Starting a Hedge Fund in a Shell-Shocked Age | Jun 29/09 |
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In a small office in London’s upscale West End, three veterans of high finance are getting ready to start their own hedge fund.
It’s a scene that was common enough in the world’s financial hubs
during the boom years. But in the ...Read more |
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Madoff sentenced to 150 years | Jun 29/09 |
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A federal judge has sentenced Bernard Madoff to 150 years in prison for masterminding the largest Ponzi scheme ever. The sentence is the maximum that he could have received.U.S. District Judge Denny Chin was apparently unmoved by ...Read more |
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Arden to Manage JPMorgan Hedge Fund Assets | Jun 26/09 |
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Arden Asset Management, the hedge fund of funds manager,
said on Thursday that it had struck a deal with JPMorgan Chase
to manage a $1.1 billion portfolio of hedge funds for its investment banking
unit.
As part of the agree...Read more |
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Ex-Lehman Trader to Start Credit Hedge Fund as Banks Pare Risks | Jun 26/09 |
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Assan Din, a former Lehman Brothers Holdings Inc. credit trader, is setting
up a hedge fund to trade corporate bonds and derivatives in Asia.
SaKa Capital’s fund, which will have a capacity of more than $500 million,
wil...Read more |
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REFILE-Montier quits SocGen for hedge fund -source | Jun 26/09 |
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One of London's top analysts, James Montier, has resigned from French bank
Societe Generale (SOGN.PA)
to join a hedge fund, a source with knowledge of the situation said on Thursday.
The source did not say which hedge fund ...Read more |
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Odey Blasts Brown And Regulation, Defends Hedge Funds | Jun 26/09 |
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The head of Odey Asset Management is warning that the U.K. is in danger of
becoming little better than impoverished Zimbabwe.
In an interview with the Daily Mail, Crispin Odey—newly appointed
co-treasurer of Britain’s right-l...Read more |
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