Monthly Archives: April 2010
SEC probes hedge funds’ use of side pockets: report
Reuters – The U.S. Securities and Exchange Commission is taking a closer look at whether hedge fund managers abused a practice known as “side pockets” to prevent clients from withdrawing billions of dollars during the 2008 financial crisis, the Wall […]
Hedge Funds Are Gradually Recovering From Crisis
Seeking Alpha – Out of the woods, but still a bit dazed and confused and more than a little circumspect: That’s the message from Ernst & Young’s annual survey of senior executives at 100 of the largest global hedge funds, […]
U.S.’s Sobel Says EU, U.S. Should Cooperate on Hedge Fund Rules
BusinessWeek – Hedge funds in Europe and the U.S. need a “tough and rigorous oversight regime” that doesn’t inhibit transatlantic competition, a U.S. Treasury Department official said in Brussels today. Mark Sobel, a deputy assistant secretary who often represents the […]
Hedge funds face first global risk check
Reuters – Regulators will take their first global snapshot of risks posed by hedge funds in September as part of wider efforts to police the sector more closely, a top regulatory official said on Tuesday. The International Organisation of Securities […]
Wall Street Casino
NYT – Congressional Republicans have concluded that screaming foul about the banking bailout and blocking financial reform is a clever strategy for the fall elections. This approach ignores some pretty basic history: that the banks imploded while Republicans held Congress […]
White Paper Examines Convergence Between Traditional and Hedge Fund Managers
New York (Hedgeco.net) – BNY Mellon and Greenwich Associates have published a new study that examines the current and projected future state of convergence between traditional long-only investment managers and hedge fund managers. The study – ‘Breaking Down the Walls‘ […]
Singapore says to tighten rules for hedge funds
Reuters – Singapore’s central bank proposed tighter rules for hedge funds managing assets below S$250 million ($183 million), requiring them to have a minimum capital and two representatives residing in the city state. Regulators around the world are tightening rules […]
Q1 Research: Current Market Environment and its Effect on Hedge Fund Returns
A new research paper, “Staying the Course: Q1 2010 Hedge Fund Update,” released by Credit Suisse Tremont Index LLC., reports that the hedge fund industry (the Broad Index )continued its positive performance into 2010, returning 3.1% in the first quarter […]
Venture Capital Seeks Shielding From Fund-Manager Tax Hike
NASDAQ – Venture capital firms are asking lawmakers to shield them from a tax increase Congress is considering on fund-manager pay-outs from successful investments. Their argument, essentially that venture capital is more deserving of favorable tax treatment because it has […]
DBS to invest up to $150 mln in Hong Kong fund
Reuters – Singapore’s DBS will invest up to $150 million in a fund being launched by Hong Kong-based Myo Capital that will pick distressed debt in Asia-Pacific excluding Japan, the two companies said on Tuesday. DBS Asset Management has also […]
Buffett’s longest bet looking better
Fortune – Unaudited results are in for the second year of “Buffett’s Big Bet” — Warren Buffett’s 2008 wager against Protégé Partners that a low-fee index fund will outperform certain funds of hedge funds — and the famous investor has […]
Reuters Summit: Hedge funds face first global risk check
Reuters – Regulators will take their first global snapshot of risks posed by hedge funds in September as part of wider efforts to police the sector more closely, a top regulatory official said on Tuesday. The International Organisation of Securities […]