Author Archives: Editor
Swiss Fund Moves, Swaps Rule Testimony, GDF: Compliance
Bloomberg – Swiss hedge fund managers are considering relocating to neighboring Liechtenstein to sidestep tougher regulations being introduced in Switzerland and gain access to the European Union, PricewaterhouseCoopers LLP said. About 47 percent of 92 firms surveyed, including managers of […]
Some hedge funds dump their bets against France
Reuters – Some hedge funds are calling it quits on one of their biggest trades of the year – shorting French government bonds. Earlier this year many in London’s hedge fund industry were lining up bets against the euro zone’s […]
Regiment Hedge-Fund Founder Tim Peterson to Step Down
Bloomberg – Tim Peterson, who founded the $7 billion Regiment Capital Advisors LLC in 1999 after a decade at Harvard University’s endowment, plans to step down from day-to- day management of the hedge fund in mid-2014. Peterson, 51, will take […]
Hedge fund founded by Tenafly man pleads guilty in insider-trading case
North Jersey – A Tenafly man pleaded guilty Wednesday on behalf of his international hedge fund management company to federal wire fraud charges in an insider trading scheme, agreeing to criminal and civil settlements totaling $60 million. Sung Kook “Bill” […]
Treasury Department Reaches Largest Bank Settlement in U.S. History With HSBC
New York (Hedgeco.Net) – The U.S. Department of the Treasury announced settlements amounting to $875 million, the largest collective settlement in the department’s history, with HSBC. In total, more than $1.9 billion were assessed in penalties for HSBC’s conduct in violation […]
2012 Hedge Fund Business Expense Survey
New York (HedgeCo.Net) – It takes at least $250 million in assets for a hedge fund to be self-sustaining on its management fees alone, while the largest hedge fund firms incur significant additional costs due to complexity and size, according […]
People Moves – Frank C. Meyer Joins The Alpha Cooperative Board of Directors
New York – The Alpha Cooperative, LLC a New York based hedge fund advisory firm and operational incubator for hedge funds and hedge fund investors announced today that Frank C. Meyer has joined its Board of Directors effective November 20th 2012. […]
Bleak day for British banking as Libor arrests follow record fine for HSBC
Guardian – The reputation of Britain’s banking industry took a fresh battering when HSBC was slapped with a record $1.9bn (£1.2bn) fine by US regulators for money laundering and sanctions busting, the first arrests were made in the Libor-rigging investigation, and nationalised Northern Rock handed […]
Hedge Funds Stride the Stage of World Affairs
DealBook – Argentina’s president, Cristina Fernández de Kirchner, was re-elected with a huge margin last year, leaving her political opponents fractured and demoralized. But in recent months, she has found herself locked in battle with a determined adversary who may […]
Apple: A hedge fund liability?
CNN – With roughly one out of every five hedge funds counting Apple (AAPL, Fortune 500)among their top 10 stock holdings, the recent sell-off in Apple’s stock could start cutting into their returns. Shares of Apple have dropped nearly 25% since mid-September, when […]
Hedge fund investors sacrificing returns for liquidity – survey
IPE – Institutional investors may have no option but to sacrifice returns if they continue targeting higher liquidity when investing in hedge funds, according to a study by Preqin. The company pointed out that liquidity had been of increasing importance […]
An SEC survivor: Hedge fund thrives after civil charges, as SAC faces heat
NYP – Imagine that a multibillion-dollar hedge fund is accused of fraud and pays a huge fine to settle with the Securities and Exchange Commission while its famous founder personally ponies up millions more to move past the scandal. No, […]