Author Archives: Editor
Hedge Funder John Taylor Explains Why The Yen Has Been Tanking
Business Insider – Ever since the financial crisis began in 2007, the yen has been stronger than it should be. The yen has been negatively correlated with the business cycle, just like the dollar is, but even more so. When […]
News Audio: Luxembourg tipped for growth as hedge fund domicile with introduction of EU AIFM directive
Hedge Funds Review – Luxembourg’s hedge funds industry is set to grow with the introduction of the EU’s alternative investment fund managers (AIFM) directive, says the head of the hedge funds working group at Alfi. Luxembourg expects to move up the […]
Citigroup Ex-Manager Islam Has No Regrets From Hedge-Fund Crash
Bloomberg – Reaz Islam, who ran Citigroup Inc. hedge funds that lost most of their value in 2008, has “no regrets” about his performance and said “ambulance-chasing” lawyers are behind claims that he and the bank misled clients. Investors in […]
Credit-Default Swap Time Bomb Failed to Go Off Over Greece: View
Bloomberg – As it wrestled with Greece’s debt crisis for the past two years, the European Central Bank took great pains to avoid triggering credit-default swaps written on Greek bonds. But on March 9, Greece forced payouts on swaps contracts when it required […]
China hedge fund to become Ucits compliant
CW – Hong Kong-based asset managers Value Partners will launch a Ucits version of its US $1.7 billion Cayman-domiciled Classic fund, subject to regulatory approval, as early as May this year. The fund will be Dublin-domiciled and replicate the firm’s largest fund, […]
New Jersey Hedge Fund Manager Sentenced To 11 Years In Prison For $1.6 Million “Virtual Office” Fraud
New York (HedgeCo.net) – The former owner and president of New York Financial Co. (NYFC) was sentenced yesterday to 132 months in prison for his role in a $1.6 million investment fraud scheme. In addition to the prison term, the Judge […]
‘Clerical error’ foiled hedge fund Octavian’s Balda battle
Reuters – Octavian Advisors LP said a clerical error prevented the $1 billion New York-based hedge fund from backing its own move last month to oust the supervisory board of German medical and electronics products maker Balda AG. Octavian’s failure […]
Hedge Funds Trimmed Wagers Before Prices Rebounded
Bloomberg – Hedge funds reduced bets on higher commodity prices for the first time in seven weeks after China cut its growth target, just as prices rallied on signs the U.S. economy is improving and Greece is containing its debt […]
Hedge funds lure retail investors
Australian hedge funds are set to face broader disclosure requirements but the local industry welcomes proposed regulatory guidelines, which will complement its own efforts to attract retail investors scared off by the global financial crisis. As a result of greater […]
Hedge Fund Firm Perennially ranked as a Top 100 public accounting firm in the United States
According to the world rankings report recently published by the International Accounting Bulletin, Moore Stephens International Limited (MSIL) is now ranked 12th in the combined list of networks and associations as its fee income increased to US$2.2 billion, a growth […]