Monthly Archives: June 2010
Bear Options at Record as Wien Says Stocks to Rally
Bloomberg – Confidence in stocks is sinking to record lows in the options market even with the U.S. economy poised for its fastest growth in six years, a sign to Blackstone Group LP’s Byron Wien that it’s time to buy. […]
Corporate pension plan hedge fund allocations to slow
Hedge Funds Review – Sweeping changes to US pension fund rules will slow the rate at which corporate pensions plans increase their allocations to hedge funds. The Pension Protection Act of 2006 which became effective in 2008 includes some significant […]
People Moves: Kathryn Graham Joins London Board Of 100 Women In Hedge Funds
New York (HedgeCo.net) – Kathryn Graham has been appointed to the London Board of 100 Women in Hedge Funds, a non-profit organization for professionals in the alternative investments industry. “I joined 100 Women in Hedge Funds in 2008 as a […]
Swiss firm launches Ucits III fund of hedge funds
CityWire – Harcourt Investment Consulting, a Swiss alternative investment specialist, has launched a Ucits III version of its Vonda fund of hedge fund. ‘We see an increasing demand for Ucits compliant products and this is the first Ucits III fund of […]
Pastor’s Hedge Fund Fraud Verdict Upheld
New York (HedgeCo.net) – A Colorado Springs pastor found guilty in 2008 of hedge fund fraud lost his appeal in a Court yesterday according to the Colorado Springs Gazette. The pastor, Douglas Alan Scott, was charged with taking part in […]
Hedge Fund Player Dumps Finance Job to Guide, Invest in Artists
Bloomberg – Hedge-fund investor James R. Hedges IV mingled with assorted Bronfmans, Gunds, Sacklers and several hundred other art-world notables at a fundraiser this week, munching the canapes at Manhattan’s Four Seasons Restaurant. The goal was $1 million to help […]
Financial services firm to create 250 jobs in NC
Bloomberg – A financial services company that works closely with hedge funds plans to create about 250 jobs in North Carolina over the next five years. State officials said Thursday that Citco Fund Services (USA) Inc. could qualify for some […]
Hedge-Fund Clients Withdrew $3.5 Billion in April, Report Says
BusinessWeek – Investors withdrew $3.5 billion from hedge funds in April, according to TrimTabs Investment Research and BarclayHedge estimates. Industry assets stood at $1.65 trillion globally, the highest level in 18 months, the companies said today in a statement. Hedge […]
LPs Are Back, But Some Are Looking For Fund Right-Sizing
Private Equity Beat (WSJ) – Limited partners have begun to come out of their foxholes after laying low for much of 2009. But their own liquidity issues and concerns about capital overhang may keep the flow of new money to […]
Hedge fund interviewers ask toughest questions-survey
Reuters – “Tell me anything that I haven’t heard before,” is a typical inquiry posed by employers at hedge funds when they interview prospective hires. Such firms ranked as the toughest interviewers in the financial services industry, according to a […]
SEC Boosts Offshore Accounting Scrutiny, Fagel Says
Bloomberg – Securities and Exchange Commission investigators are increasing scrutiny of U.S. companies’ offshore operations amid concern that accounting controls may be too weak, the head of the agency’s San Francisco office said. “Some of the old-fashioned revenue recognition and […]
The Next Big Industry That Hedge Funds Shorts Are Set To Take Down
The Business Insider – Hedge funds have been circling for new carrion to devour in the next economic slowdown and have found a big fat target in the for-profit educational sector. The industry is ripe for the taking. For two […]