Monthly Archives: September 2009
UA alters investment strategy
Tuscaloosa News – A committee of University of Alabama trustees voted to pull some investments from stocks, instead buying more stable U.S. and international bonds in an effort to avoid potential drops in the stock market. International bonds will be […]
Fewer hedge funds shut down in second quarter, HFR says
Market Watch – Fewer hedge funds shut down in the second quarter, a sign the $1.4 trillion industry is starting to recover from record losses and liquidations last year. The second quarter saw 292 funds liquidate, a 22% decrease from […]
SEC creates new risk, strategy division
TriCityHerald.com – The Securities and Exchange Commission has merged several offices and functions to create a division of risk, strategy and financial innovation. The new division will be headed by Henry T.C. Hu, a professor of banking and finance law […]
Lloyd’s of London Insurers Punish Hedge Funds After 2008 Losses
Bloomberg – Lloyd’s of London insurers pulled as much as half a billion pounds ($825 million) from hedge funds and private equity after investment returns at the world’s oldest insurance market fell by more than half. Catlin Group Ltd.,Brit Insurance […]
Bankers Open $12 Billion Cayman Island Toxic Assets Hedge Fund
New York (HedgeCo.Net) – A group of 45 bankers have plans to avoid new strict rules on pay and bonuses, making more than £240 million ($400 million) between them, according to TimesOnline. Led by British bankers Michael Keely and Stephen […]
To Reduce Hedge Fund Risk, Let Everyone In
New York Times – It is time to get serious about hedge fund risk. This, however, is not the usual argument for more regulation of hedge funds. Here is a contrarian view: the best course for our capital markets may […]
Former hedge fund manager ordered to pay $500,000
South Florida Business Journal – A federal court judge has ordered former hedge fund manager Michael Lauer to pay a $500,000 civil penalty. The order was issued Aug. 17, but only announced in a Securities and Exchange Commission news release […]
Deloitte Adds Hedge Fund Heavyweights Schubert and Iler
New York (HedgeCo.Net) – Hedge fund pioneers Ellen C. Schubert and Ray J. Iler have joined the hedge fund team of Deloitte LLP’s Asset Management Services practice. Schubert joined Deloitte in the newly-created role of Chief Advisor to the Asset […]
Hedge flows above pre-crisis levels -Martin Currie
Guardian – Scottish fund firm Martin Currie is seeing investors put money into its hedge funds at a faster rate than before the credit crisis, an executive told Reuters, in another sign the industry is reviving. After $300 billion of […]
U.S. and Britain Seek to Keep Tabs on Hedge Funds
New York Times – American and British financial regulators agreed Wednesday to explore ways to coordinate reporting and regulatory requirements for key market participants, including hedge funds. By working together, the regulators hope to avoid a situation in which hedge […]
US and UK regulators agree to work together on hedge funds
Daily Telegraph – The Financial Services Authority has agreed to work with the Securities and Exchange Commission the leading US financial regulator in an effort to better regulate the work of crossborder hedge funds. The City watchdog has agreed with […]
Brazil Private Equity Funds to Grow as Falling Rates Hurt Bonds
Bloomberg – Brazilian money managers will open more funds targeting real estate, private equity and corporate debt as record low interest rates reduce demand for government bonds, said Jose Luiz Osorio de Almeida Filho, a former chief securities regulator. Investors […]