Author Archives: Editor
Hedge funds bristle as EU lawmakers eye new pay target
Reuters – Hedge fund managers could be next in line after bankers to see further restrictions on their pay if European lawmakers follow through on promises to target the sector’s lucrative payouts. After reaching a deal in the early hours […]
Loews’s Tisch Seeks Hedge-Fund Zip to Sidestep Bond Ugly Contest
Bloomberg – Loews Corp. (L) Chief Executive Officer James Tisch, whose company oversees $43 billion in bonds from insurer CNA Financial Corp. (CNA), said he’s counting on hedge funds to boost investment returns amid near-record-low interest rates. Loews manages about $2.5 billion of […]
SEC To Focus On Trade Allocation at Hedge Funds
New York (HedgeCo.Net) – The Securities and Exchange Commission recently discussed its exam priorities for 2013. Topics they will focus on include conflicts of interest related to trade allocation at hedge funds and fund governance, Corgentum’s Due Diligence News reports. The […]
Hedge Fund Firm Splits From CitiGroup
New York (HedgeCo.Net) – Hedge fund asset management firm, Napier Park Global Capital, has completed its spinout from Citigroup. Napier Park has approximately $6.8 billion in assets under management, a four-year operational track record and more than 100 employees in […]
Hedge fund would take Compuware from Detroit, Karmanos says
Detriot Free Press – Peter Karmanos Jr., the former CEO and outgoing chairman of Compuware, gave a full-throated defense Monday of the business software maker’s board of directors and growth prospects and warned that a hedge fund takeover could result […]
Principal unit to buy majority stake in hedge fund firm
Des Moines Register – Principal Global Investors, the investment arm of Des Moines-based Principal Financial Group, has reached an agreement to buy a majority stake in a company that specializes in managing hedge fund investments. Principal plans to buy 55 […]
City Diary: Estranged hedge fund couple reunite for courtroom showdown
Telegraph – Today marks the beginning of the end-game of one of the most bitter disputes in hedge-fund history. Elena Ambrosiadou, the Cambridge graduate who built up Ikos Partners with her husband Martin Coward, has arrived in London from her […]
As Women Gain Wealth, Where to Invest? Female-Run Hedge Funds
Barron’s – Pay more attention to women, both those making money and those who invest it for others, writes Susan Gregory Thomas in Saturday’s Wall Street Journal in a story titled “The Rise of the Female Investor.” Thomas cited the […]
CEO of hedge fund firm Lansdowne to retire in June
Reuters – Lansdowne Partners, one of the world’s best-known hedge fund managers, said that Paul Ruddock is to retire as chief executive to focus on his work in the arts and charity sectors. Ruddock, who ranks among Britain’s richest financiers, […]
MorningStar: Hedge Funds rose 1.9% in January
New York (HedgeCo.Net) – The Morningstar MSCI Composite Hedge Fund Index, an asset-weighted composite of nearly 1,000 hedge funds in the Morningstar Hedge Fund database, rose 1.9% in January and advanced 6.3% for the trailing 12 months. Almost all Morningstar […]
Ogier Cayman Secures Hedgeweek Award for the Third Year in a Row
New York (HedgeCo.Net) – Ogier Cayman has been named ‘Best Offshore Regulatory Advisory Firm’ under the 2013 Hedgeweek Global Awards program. The honor was announced at a luncheon in London held on 1 March 2013. “As a firm we take great pride in […]
BNY Mellon’s Pershing Wins Hedgeweek’s Best North American Prime Broker Award
New York (HedgeCo.Net) – Pershing LLC, BNY Mellon’s prime brokerage business received the Best North American Prime Broker Award at the 2013 Hedgeweek Global Awards ceremony in London. The winners of this year’s awards were determined by votes cast by Hedgeweek subscribers—which includes institutional investors, wealth […]