Monthly Archives: September 2009
People Moves: G&S Fund Services Grows with Additional Key Personnel
New York (HedgeCo.net) – Hedge fund administration company, G&S Fund Services has expanded with the hire of Kairey Chen as hedge fund accountant. “Kairey Chen will be a valued addition to help support the rapid growth that G&S is experiencing,” […]
Hedge Funds Trade Lehman Bankruptcy Claims
BusinessInsider – Hedge funds and investment banks are trading Lehman bankruptcy claims. And it’s not just a matter of a couple of distressed debt funds buying the claims—it really looks like they are being actively traded. Credit Suisse, for instance, […]
Russian Tycoon Invests in Nets as Nation Courts U.S.
Bloomberg – “It’s some well-timed basketball diplomacy that will certainly help the atmospherics,” said Douglas Busvine, director of Russian research for New York-based Medley Global Advisors LLC, which consults for hedge funds and banks. “But it will take more than […]
Slumping Energy Demand Has Bottomed, Fund Manager Melis Says
Bloomberg – The decline in energy demand and drop in German electricity prices may have ended, according to the chief executive officer of hedge-fund manager Energy Capital Management BV. “The forward prices are at lows, the spot prices are at […]
EU hedge fund directive ‘could be softened’, says Liberal Democrat chair
Guardian – Britain’s efforts to soften a European directive aimed at imposing tough regulation on hedge funds and private equity firms has the support of most of the European Parliament, says Sharon Bowles, Liberal Democrat chair of the parliament’s Committee […]
Hedge Fund Fees Remain Intact, Report Finds
New York Times – Investors who expected hedge funds to prune fees after a particularly disastrous showing in 2008 may be disappointed by a recent study. The Wall Street Journal reported that a study compiled by the French fund-of-hedge-funds firm […]
Nadel Again Seeks Release From Jail While Awaiting Fraud Trial
Bloomberg – Arthur Nadel, the Florida hedge- fund adviser who has been jailed since January, again asked a judge to release him on reduced bail while he awaits trial. A lawyer for Nadel, a money manager and founder of Scoop […]
J.Baer poised for buys, new targets disappoint
Reuters – Julius Baer would consider buys at home and abroad, the Swiss group, a possible buyer of Dutch rival ING Group NV’s private banking assets, said on Friday, although its shares slid sharply after the release of new financial […]
A lesson from hedge funds
Herald – When you think about future financial stability, ask yourself this contrarian question: Why is it that the nefarious hedge funds, supposedly the bad boys of the financial world, actually came through last year’s crisis in relatively good shape? […]
Hedge Fund Man Research Laboratory Expands At Oxford
New York (HedgeCo.net) – Man Research Laboratory (MRL) and the Oxford-Man Institute of Quantitative Finance (OMI) opened new, larger premises in Jericho, Oxford, on 24 September, demonstrating that the two groups’ unique collaboration is flourishing as it moves into its […]
US tax chiefs target loans from hedge funds offshore
Reuters – U.S. tax authorities have advised staff in New York to pursue legal cases against hedge funds and companies that avoided taxes through loans that originated in the United States but are approved offshore. The Internal Revenue Service, in […]
Prime Brokerage Services Division Launch For Hedge Funds and Investment Advisers
New York (HedgeCo.net) – TradeStation Securities, Inc., has launched the TradeStation Prime Services division to fill the growing need of start-up to mid-sized hedge funds, the company said today. TradeStation Prime Services will be co-headed by Lance Baraker and William […]