Monthly Archives: June 2013
Britain’s FCA Cracks Down On Hedge Funds
FIN – The U.K.’s new financial-markets regulator is tightening its oversight of the hedge fund industry. The Financial Conduct Authority, which succeeded the Financial Services Authority in April, has begun to review proposed senior appointments at hedge funds, and has […]
Britain’s FCA Cracks Down On Hedge Funds
FIN – The U.K.’s new financial-markets regulator is tightening its oversight of the hedge fund industry. The Financial Conduct Authority, which succeeded the Financial Services Authority in April, has begun to review proposed senior appointments at hedge funds, and has […]
Franklin Templeton Completes Purchase of Equity Stake In Alternatives Specialist Pelagos Capital
Franklin Resources, Inc., which operates as Franklin Templeton Investments, today announced that it has acquired the remaining 80 percent stake of alternative investments specialist Pelagos Capital Management, LLC, to become a 100 percent equity stakeholder. Franklin Templeton acquired its initial […]
Hedge Fund Manager Predicts China Market Crash
New York (HedgeCo.Net) – Hedge fund manager and former chess-grandmaster Patrick Wolff is speculating on a stock market crash in China, according to Reuters. “People are talking way too much about the Federal Reserve and not enough about China,” Wolff said. […]
Hedge Fund Manager Suggests That The Market Is Rigged
New York (HedgeCo.Net) – American hedge fund founder and money manager for George Soros said in an interview with Goldman Sachs that his particular set of skills are no longer needed. “Ten years ago, if the stock market had done what it […]
SandRidge Energy CEO Tom Ward Is Replaced After Criticism From Hedge Fund TPG-Axon
IBT – SandRidge Energy Inc. (NYSE:SD) founder and CEO Tom Ward has been fired from the firm after accusations from activist investors that he put his own interests higher than the company’s, reports Reuters. Ward, who was dismissed Wednesday, will be […]
Cliffwater: Liquid hedge fund strategies have 1-point performance drag
Pensions & Investments – Returns of liquid versions of hedge fund strategies in aggregate lagged those of private partnership versions of the same approach by an average of one percentage point annualized over the 10-year period ended March 31, according […]
European hedge funds struggle to break into U.S. market
Reuters – European and Asian hedge fund firms are finding the potentially lucrative U.S. market impossible to ignore, but as tough as ever to negotiate. Delegates at the annual GAIM conference in Monaco this week talked about the difficulties, particularly […]
Why multi-millionaire hedge fund baron was pushed through to be knighted
His name on the Queen’s Birthday Honours list triggered a storm of protest. But the nomination of multi-millionaire hedge fund baron Michael Hintze, who has donated millions to the Tory Party, did not enjoy whole-hearted support from Downing Street. Read […]
Survey: Fund Of Hedge Funds Still in Recovery Post-financial Crisis
New York (HedgeCo.Net) – More than half of fund of hedge fund firms (FoHF) surveyed – 53% – increased both revenue and assets under management in the 2010 – 2012 period, compared with only 47% that did so from 2009 […]
Level Global and Diamondback Hedge Fund Managers Free on Bail
New York (HedgeCo.Net) – A New York judge has granted a request for hedge fund managers Anthony Chiasson, co-founder of hedge fund Level Global Investors, and Todd Newman, a former portfolio manager at hedge fund Diamondback Capital Management, to go free on bail. Chiasson […]
ETF Spotlight: ‘Guru’ Hedge Fund Clone
ETF Trends – ETF Spotlight on the Global X Top Guru Holdings Index ETF (NYSEArca: GURU), part of an ongoing series. Assets: $53.4 million. Objective: The Global X Top Guru Holdings Index ETF tries to reflect the performance of the […]