Monthly Archives: June 2010
Ex-Goldman, Barclays Derivatives Traders Plan Asia Hedge Fund
Bloomberg – A group of derivatives traders from firms such as Goldman Sachs Group Inc. and Barclays Capital are starting an Asia-focused hedge fund to profit from price swings. Singapore-based RSR Capital Pte plans to raise about $500 million in […]
U.S. Banks, Funds to Face $19B Levy
The Street – U.S. lawmakers chose to force banks to spin off their swaps desks but made significant concessions to Wall Street in the early hours of Friday morning as they finalized sweeping financial reform. In a marathon conference session […]
House-Senate panel approves sweeping reform of big banks
MarketWatch – House and Senate lawmakers early Friday approved the most significant increase in the regulation of U.S. banks since the Great Depression, placing new restrictions on the nation’s biggest lenders, reining in the Federal Reserve and crafting new consumer […]
EU Hedge Fund Rule Talks Break Down
NYT – Talks have collapsed between the European Parliament and national governments over new controls for hedge funds due to a continuing dispute over licensing for funds from outside the bloc, Reuters reported. On Thursday, the parliamentarian leading negotiations with […]
Galleon Trial: Hedge Fund Founder Asks For Details of Charges
New York (HedgeCo.net) – Reuters reports that Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi are asking more details of the purportedly illegal trades they are charged with, as well as separate trials. Rajaratnam and Chiesi are alleged […]
People Moves: Dr. Barbera Joins Mount Lucas Hedge Fund
New York (HedgeCo.net) – Wall Street economist Dr. Robert J. Barbera has joined global macro investment manager, Mount Lucas Management Corporation, as Chief Economist. Dr. Barbera is accompanied by his long-time associate, Jackie Kadre, who has been named Economist at […]
European diplomats clash over hedge fund clampdown
Reuters – Controversial EU rules for hedge funds hung in the balance on Wednesday with European lawmakers and diplomats in a stand-off that some warned could spoil Brussels’ attempts to overhaul the regulation of finance. It is the latest in […]
Macro Hedge Funds Add $2.5 Billion as Global Trades Proliferate
Bloomberg – Hedge funds that bet on economic trends are attracting cash at almost double last year’s pace as they seek to profit from events such as Europe’s sovereign debt crisis and China’s decision to let the yuan trade more […]
European Union talks on hedge fund rules collapse
Reuters – Talks have collapsed between European lawmakers and country representatives to agree new controls for hedge funds, following a dispute that many fear could spoil Brussels’ attempts to overhaul the regulation of finance. On Thursday, the parliamentarian leading negotiations […]
House drops proposal for fund to aid in winding down failing firms
Washington Post – House negotiators, seeking to reach agreement with their Senate counterparts over new far-reaching financial rules, dropped their proposal Wednesday for a $150 billion fund, paid for by industry, that would have been used to cover the costs […]
Senate Dems eye easing Volcker rule’s fund limits
Reuters – The Senate was moving on Wednesday to water down the controversial “Volcker rule” on bank trading and investing as lawmakers raced to complete landmark Wall Street reform legislation within days. In a potential victory for bank lobbyists, banks […]
London Hedge Fund Trader Fined Over 400K
New York (HedgeCo.net) – The hedge fund trader who pled guilty of conspiracy to commit insider trading in a London court yesterday has been orderes to pay about 287,000 pounds ($421,000) in fines and restitution, Bloomberg reports. “You cooperated immediately […]