Author Archives: Editor
Opus Acquires US Fund Administration Unit
Bermuda News – Opus Fund Services, an award winning and leading independent Bermuda fund administrator, this week announced the acquisition of the hedge fund administration unit of Agile Hedge Solutions, based in San Francisco. Opus, based in Somerset and with […]
Hedge fund pay slumps as returns dive
Reuters – Poor returns at hedge funds are hurting owners and senior investment professionals as heavy losses eat into the hefty incomes the industry is famous for. Compensation at hedge funds, long known for being among the highest in the finance industry, […]
News Roundup: Ex-Goldman Sachs Director Arrested In Hedge Fund Case
New York (HedgeCo.net) – One of Goldman Sachs’ former directors, Rajat Gupta, has been arrested on charges of insider trading as a co-conspirator in the criminal case against hedge fund manager Raj Rajaratnam. The New York Times reports: “Rajat K. Gupta, a […]
Cambridge Hedge Fund Manager Charged By SEC
New York (HedgeCo.net) – The SEC yesterday obtained an asset freeze against a Massachusetts hedge fund manager and his investment advisory firm. Andrey C. Hicks and Locust Offshore Management LLC are charged with misleading investors in a supposed quantitative hedge fund and […]
Eurozone crisis: banks agree 50% reduction on Greece’s debt
Guardian – Europe’s leaders are claiming a victory in the eurozone crisis after agreeing new deals that halve Greek debt and increase the firepower of the main bailout fund to around €1 trillion (£872bn). Athens will be handed a new […]
S.E.C. Rule Lifts Lid on Hedge Funds
NYT – Large hedge funds, the secretive private investment outfits that use extensive borrowing to magnify the returns of their portfolio bets, will be required to report detailed information on their holdings to federal regulators under a new rule adopted […]
Bermuda Hedge Fund’s “Peak Risk” Focus
Bermuda News – Hurricane and earthquake “peak risks” avoided by reinsurers offer an opportunity for investors willing to fill the gap, according to Bermuda-based Nephila Capital Ltd., a hedge fund specialising in insurance-linked investments. “Reinsurers are forced to diversify because […]
SAC trades reviewed, regulators may face tough road
Reuters – A laundry list of referrals about trading at SAC Capital have shed new light on the firm’s opportunistic bets but also illustrate why regulators are having a tough time making allegations of insider trading stick against one of […]
How One Hedge Fund Beat The Market In August
Forbes – Everyone knows August was a volatile month after the downgrade of U.S. credit from AAA to AA on Aug. 5. But that kind of volatility is where big money can be made and while many hedge funds suffered, […]
Opus acquires San Francisco-based hedge fund administrator
Royal Gazette – Bermuda-based independent fund administrator Opus Fund Services has announced the acquisition of the hedge fund administration unit of San Francisco-based Agile Hedge Solutions LLC. Agile Hedge Solutions provides administration services to a portfolio of domestic and offshore […]
Pension investors still wary of hedge fund risks
HFM Week – High fees, illiquidity and fear of high risk are still the biggest stumbling blocks to pension funds engaging with the hedge fund space, according to a number of trustees HFMWeek spoke to at the annual NAPF conference last week. […]