Monthly Archives: April 2012
Video: Switzerland cracks down on hedge funds
FT – Switzerland is set to introduce sweeping regulation of its hedge fund industry. Sam Jones, hedge fund correspondent, talks to the FT’s Daniel Garrahan about how a country, once renowned for its light touch regulation of asset management, is […]
World’s Richest Worth $1 Trillion on Billionaires Index
Yahoo Finance – The 40 richest individuals on Earth lost a combined $6.2 billion yesterday as stocks dropped amid disappointing U.S. earnings, according to the Bloomberg Billionaires Index, a daily ranking of the wealthiest people. Saudi Prince Alwaleed bin Talal […]
UK-based $350 mln managed currency hedge fund C-View in international asset raising push
C-View, the UK-based discretionary currency trading hedge fund manager, today announced that it has selected alternative assets marketing firm MCAM Group to raise capital for the C-View Currency Managed Account Program (CMAP) and for the C-View Emerging, Developing and Minor […]
Ex-Summit hedge fund chief sentence to prison for insider trading
NJ.com – The chief investment officer and portfolio manager of a Summit-based hedge fund was sentenced yesterday to a year in prison for his role in an insider trading scheme that authorities say netted him more than $2.5 million in […]
UK Hedge Fund Law Firm Opens Offices In NY And Delaware
New York (HedgeCo.net) – In light of the new hedge fund regulatory changes, London-based Stewarts Law LLP, a Top 100 law firm and the UK’s largest litigation-only firm, has today announced the launch of Stewarts Law US LLP with offices […]
Bacon’s Spinoffs Stumble as Hedge Funds Said to Liquidate
Bloomberg – Louis Moore Bacon built Moore Capital Management LLC into one of the biggest and most successful hedge funds over more than two decades. His record investing in startups run by former traders is less stellar. Salute Capital Management, […]
Crooked hedge fund manager known as ‘mini-Madoff’ dies in prison
Mail Online – Arthur Nadel, a former Florida fund manager dubbed a “mini-Madoff” for defrauding investors out of $168 million, has died in prison at the age of 80, a spokesman for the Federal Bureau of Prisons said on Tuesday. […]
Hedge funds face “make or break” year – Allstate
Reuters – Large institutional investors who have ploughed tens of billions of dollars into hedge funds may rethink their allocations if the industry performs poorly yet again this year, one large U.S.-based investor said. Christopher Vogt, global head of hedge […]
Hedge Fund Launch: Two Roads Shared Trust
New York (HedgeCo.net) – Gemini Fund Services, LLC (Gemini), an engaged partner to independent advisers as a provider of comprehensive, pooled investment solutions, and Cole-Frieman Mallon & Hunt LLP (Cole-Frieman), a premier boutique investment management law firm, providing top-tier, responsive […]
April EurekaHedge Report: Hedge Funds Cross $1.75 Trillion In Assets
New York (HedgeCo.net) – The Eurekahedge Hedge Fund Index was flat to marginally negative through March, losing 0.18%1 for the month, with the year-to-date figure standing at 4.08%. Japanese hedge funds posted the best monthly returns among regional mandates while […]
AIMA finds substantial differences between EC draft AIFMD and ESMA advice
Opalesque – The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has published detailed analysis of the European Commission’s draft implementing rules for the Alternative Investment Fund Managers Directive (AIFMD) which shows substantial policy differences between the […]
U.S. Adds New Insider Trading Allegation Against Gupta
HedgeWorld – U.S. prosecutors have added a new insider trading allegation against Rajat Gupta, a former director of Goldman Sachs Group Inc. and Procter & Gamble Co. charged with illegally tipping his former friend Raj Rajaratnam, the convicted founder of […]