Monthly Archives: June 2010
Martin Currie boosts hedge fund activities
BBC – One of Scotland’s leading investment houses has expanded its hedge fund activities by acquiring a business with £190m under management. Edinburgh-based Martin Currie Investment Management said it had taken over equity trade specialists Sofaer Capital European. Read Complete […]
UCITS Funds of Hedge Funds Monitor Launched
New York (HedgeCo.net) – Investment manager Northern Trust is enhancing its hedge fund monitor with a new compliance module designed to support the demands of Undertakings for Collective Investment in Transferable Securities (UCITS) funds of hedge funds. “Our latest hedge […]
People Moves: Insparo Expands MENA Hedge Fund Team
New York (HedgeCo.net) – UK-based limited liability investment group, Insparo Asset Management, has appointed Man Investments’ Emma Robinson as Investor Relations Manager to the Africa and Middle East Fund, which has returned over 45% since the start of 2009. The […]
Hedge Funds Post Biggest Monthly Losses Since Lehman Aftershock
Bloomberg – John Paulson, Louis Bacon and Andreas Halvorsen navigated the global market turmoil of 2008 with little or no damage. They weren’t as successful last month as the Dow Jones Industrial average had its worst May since 1940. Hedge […]
House Votes to Eliminate Hedge Fund Tax Break
NYT – The House passed a bill on Friday that would end a tax break for executives of investment funds, leaving hedge funds, private equity firms and venture capitalists scrambling to ease the effects of the bill before it is […]
Do Hedge Funds Have It Right on Bank Shares?
NYT Dealbook – Many are earning money, look well capitalized and have reported three consecutive quarters of declining loan losses. Yet the sell-off of the last six weeks has lopped up to a fifth off the value of large and […]
Hedge funds need tighter rules on risk
The Independent – Many hedge funds are so poorly run, have such volatile performance and high exposure to risk, that investors need greater protection from regulators, a study published today by the European School of Management & Technology concludes. The […]
Wall Street Cops get Tough
CNN – The government unveiled two high-profile cases of financial fraud Thursday as federal regulators look to crack down on Wall Street shenanigans. The Securities and Exchange Commission said Pequot Capital Management, a Connecticut-based hedge fund, agreed to pay $28 […]
Sparx to Start New Global Macro Hedge Fund, President Abe Says
Bloomberg – Sparx Group Co., Asia’s biggest hedge-fund manager, plans to start its first global macro fund, adding a strategy that was among the few winners in 2008 when an equities rout led to the only annual loss in its […]
Madoff gets 150 years for massive fraud
Reuters – Bernard Madoff was sentenced on Monday to 150 years in prison — the maximum penalty the judge could give him for "extraordinarily evil" crimes in Wall Street’s biggest and most brazen investment fraud. Fleeced investors in the courtroom […]
UPDATE: Bahamas/UK Hedge Funds Settle With SEC on Late Trading Scheme
UPDATE: HedgeCo.net (West Palm Beach) – Najy N. Nasser, Chief Investment Officer of the Bahamas/UK based hedge funds, Headstart Advisers Limited (HAL) and Headstart Fund, has agreed with the SEC to pay $17.8 million in a settlement regarding a 2003 […]