Author Archives: Editor
Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association
Since the Committee last met in August, economic activity indicators have firmed and real GDP in the third quarter expanded at a 2.5% annual rate, a noticeable acceleration from the 0.8% growth rate experienced in the first half of the […]
Hedge funds typically too smart to be victims of financial crime, says US lawyer
Global Pensions – Hedge funds might capture news headlines when they lose money as a result of financial crimes and misdemeanours, but pensions are stung more often partly due to their more regular investing patterns, according to a securities litigation […]
Hedge funds risk losses from MF Global collapse
HFM Weeek – The collapse of US brokerage firm MF Global, which filed for bankruptcy this week after eurozone debt exposures worth $4bn were revealed, could leave some hedge funds at risk after possible deficiencies in client accounts were exposed. […]
Och-Ziff Profit Falls 4% on Market Turbulence
DealBook – Och-Ziff Capital Management, the hedge fund firm run by Daniel S. Och, reported on Wednesday that profit fell 4 percent in the third quarter as a result of market turbulence and higher expenses. Profit dropped to $49.9 million, […]
Harris’s Hedge Fund Trades on Fear, Makes Millions: Interview
San Francisco Chronicle- Imagine the killing to be made right now if you could find a way to capitalize on fear. That’s precisely what Dr. Alexander Hoffman does in Robert Harris’s gothic new thriller, “The Fear Index.” The physicist-turned-hedge-fund-manager unleashes a trading […]
Agecroft Partners Believes Hedge Fund Branding Drives a Majority of Asset Flows
New York (HedgeCo.net) – Since the market correction of 2008, a vast majority of hedge fund net asset flows have gone to a small minority of hedge funds with the strongest brands, marking a change from the pre-2008 environment. A […]
Mutual Fund Launch: The Highland Global Long/Short Trend Following Fund
New York (HedgeCo.net) – Highland Funds Asset Management, L.P. has launched the Highland Alpha Trend Strategies Fund. Anchor Capital Management Group, Inc. will serve as the new fund’s sub-advisor. “In a volatile global market, the addition of Anchor Capital’s strategy […]
Dubai Bank Launches First Soccer Hedge Fund Despite Mounting Fan Opposition – Analysis
Eurasia Review – Dubai’s United Investment Bank has launched the region’s first alternative investment soccer fund modelled on similar controversial European funds amid rising fan opposition in Turkey, Spain and Portugal to hedge funds making bets in football player markets. […]
BlackRock Praises Regulators’ Coordination on Hedge Fund Secrets
BusinessWeek – U.S. regulators were responsive to industry concerns over new disclosures for private-fund firms, changing the final rule to prevent unnecessary duplication, said Barbara Novick, co-founder and vice chairman of BlackRock Inc., the world’s biggest fund manager. Private-equity and […]
Selling More Insurance on Europe Debt Raises Risk for U.S. Banks
Bloomberg – U.S. banks increased sales of insurance against credit losses to holders of Greek, Portuguese, Irish, Spanish and Italian debt in the first half of 2011, boosting the risk of payouts in the event of defaults. Guarantees provided by […]
Volatility And Hedge Fund Games Are Here To Stay
Forbes – Friday’s market activity was remarkable for one thing: the S&P 500 Index had a less than 1% peak-to-valley trading range throughout the day. In contrast, for the previous 66 consecutive trading days, the U.S. equity market had intra-day […]
Hedge Fund 3 Degrees Sues Ex-Lawyer After Order to Shut Down
Bloomberg – 3 Degrees Asset Management, ordered by Singapore regulators to shut down over allegations that founder Moe Ibrahim diverted assets, sued former lawyer Ng Wee Chong, claiming breach of duties. 3 Degrees claims Ng, 37, failed in “handling all […]