Author Archives: Editor

Hedge fund industry irate at new rules from European commission

Opalesque – The hedge fund industry is loudly attacking a new draft of “supplementing rules,” to the Alternative Investment Fund Managers Directive (AIFMD) being circulated by the European Commission. The 110-page draft takes a much hard stance on alternative investments, and […]

SFO Secret Settlements, Wells Fargo, Confirmations: Compliance

Bloomberg – Britain’s Serious Fraud Office, which prosecutes corporate bribery, uses too many secret settlements in foreign corruption cases, the Organization for Economic Cooperation and Development said. The SFO is using more so-called civil-recovery orders that require less oversight from courts and […]

Fraud squad: High-profile investment scams offer lessons for all

Winnipeg Free Press – Bernie Madoff, Earl Jones, Allen Stanford and Andrew Lech are all famous for one thing. They were all jailed in the last few years for defrauding investors of millions and in some cases billions of dollars. […]

Segantii fund’s 41 pct gain lifts AUM to $550 mln

Reuters – Segantii Asia-Pacific Equity Multi-Strategy Fund has more than doubled assets since mid-2011 to $550 million, defying a tough capital-raising environment and net outflows from Asian hedge funds during the period. The growth was powered by 41 percent gain […]

Funds Cut Bullish Bets, Goldman Goes Neutral: Commodities

Bloomberg – Investors pared bullish commodity bets on signs of slowing growth in China and as Goldman Sachs Group Inc. cut its recommendation on raw materials. Hedge funds and other money managers reduced combined net- long positions across 18 U.S. […]

Hedge fund fury at Brussels directive

Telegraph – They are irate that hard-won compromises over the contentious Alternative Investment Fund Managers Directive appear to have been ditched by the EC, potentially damaging their business and preventing US and Asian fund managers accessing European investors. The row […]

GenSpring Faces $57 Million Lawsuit Over Hedge Funds

New York (HedgeCo.net) – According to an arbitration claim filed by Florida law firms, Vernon Healy and Dovin Malkin & Ficke, GenSpring Family Offices failed to adequately diversify the $57 million portfolio of an ultra high net worth individuals and […]

Strict hedge fund rules in Korea hinder market growth

Risk.net – The newly born Korean hedge fund market has made swift progress – but regulatory obstruction makes it difficult for funds to get both clients and prime brokers. Following a three-year gestation period, the Korean hedge fund market burst […]

Hedge Funds Register, FSA Anti-Bribery, CFPB: Compliance

BusinessWeek – The U.S. Securities and Exchange Commission will oversee hundreds more private advisers at hedge funds and private equity firms than it first predicted, expanding the reach of one of the most controversial requirements of the Dodd-Frank Act. The […]

Major European hedge fund probed

Reuters – Brevan Howard, one of Europe’s largest hedge funds, asked Royal Bank of Scotland PLC to change the LIBOR rate, a former trader for the British bank said in court documents filed in Singapore. RBS said earlier this month […]

The highest earning hedge fund manager is Ray Dalio

CNNMoney – The highest earning hedge fund manager of 2011 essentially won the equivalent of seven of the current $540 Mega Million jackpots last year. Bridgewater Associates’ Ray Dalio’s reward for his bets on where the markets were heading: $3.9 […]

New Congress Act Will Allow Hedge Funds To Advertise Freely

New York (HedgeCo.net)  – A new act passed by the Senate and House of Representatives is expected to be signed into law by President Obama within days.  The Jumpstart Our Business Startups, known as The Jobs Act, will eliminate a longstanding […]