Author Archives: Editor
Master funds to be registered under new Cayman Islands regulations
Hedge Funds Review – The Cayman Islands Monetary Authority (Cima) now requires master funds to register by the end of the first quarter 2012. These funds previously fell outside the jurisdiction’s regulatory framework. The Cayman Islands Monetary Authority (Cima) is introducing […]
Hedge fund subscriptions hit post-Lehman high
Reuters – Hedge funds look set to end 2011 with higher cumulative net subscriptions than at any time since the collapse of U.S. investment bank Lehman Brothers, as investors opt for alternative strategies to ride out stormy markets. The GlobeOp […]
Falcone’s Future Hinges on LightSquared Gamble as SEC Threatens a Lawsuit
Reuters -A day after being told that U.S. regulators may sue him, billionaire hedge fund manager Philip Falcone telephoned Sheldon Lowe, a close friend of 23 years, and told him that he would fight back. Falcone, 49, who rose to fame with […]
Hedge Fund Elliott Associates Takes Vietnam to Court
WSJ – New York hedge fund Elliott Associates LP is challenging another sovereign in court. This time it’s Vietnam’s state-owned shipbuilder Vinashin. Elliott is suing troubled Vinashin in the U.K. for defaulting on a US$600 million syndicated loan that originally had […]
Goldman Sachs whistleblower threatened with the sack
Guardian – A solicitor at HM Revenue & Customs who turned whistleblower to disclose that senior managers had quietly let off Goldman Sachs from paying millions of pounds in tax penalties is facing disciplinary procedures and possible prosecution for speaking out. Osita […]
Audio: Dr Stu talks about the Naked Short Club and hedge funds
Hedge Funds Review – Enigmatic presenter and host of the Naked Short Club Dr Stu talks about how the programme has helped demystify the hedge fund industry through an eclectic mix of talk, music and poetry. The Naked Short Club began […]
Hedge Funds Ponder Buy vs. Build
Traders Magazine – Hedge funds now have a wide spectrum of technology offerings from service providers, but when technology can mean the difference between success and failure, how do they decide what to outsource and what they need to build […]
SEC closes Fairfax probe on hedge funds: sources
Reuters – U.S. securities regulators are closing a long-running investigation into allegations that two well-known hedge funds conspired to spread negative information about Toronto insurer Fairfax Financial, two people familiar with the inquiry said. The Securities and Exchange Commission recently […]
Funds of hedge funds need to adapt to stay relevant, says chief of Permal
Hedge Funds Review – Permal is taking an activist approach to the fund of hedge funds business, creating more opportunities and ways to work with institutional investors. Customisation is the name of the game. Isaac Souede, CEO and chairman of fund […]
Hedge Fund Tech: AIRAS And The SEC’s New API
New York (HedgeCo.net) – Axiom Valuation has released a new platform for hedge funds to avoid the SEC’s new screening tool, Aberrational Performance Inquiry (API), which identifies possible fraudulent valuations and misreported returns by hedge fund managers reporting above benchmark […]
Global macro hedge fund returns fail to impress
Reuters – Some of the hedge fund industry’s best-known “macro” hedge fund managers — celebrated for shrewd bets on global economic events — are struggling this year to generate returns befitting their star status. In a 2011 littered with market-moving […]
Hedge funds scupper Nine refinancing plan
Sydney Morning Herald – Nine Entertainment, which operates Channel Nine and is owned by CVC Asia Pacific, has dropped a proposal asking senior lenders to extend the maturity of a $2.8 billion loan to 2015, according to sources. CVC, a […]