Author Archives: Editor
Paulson braces investors for the worst
Reuters – John Paulson could face a two-pronged problem in the coming weeks as outside investors and possibly even some of his own employees walk in the wake of the hedge fund firm’s worst-ever returns. The firm told investors on […]
Massachusetts goes it alone on hedge funds
Reuters – Massachusetts, which has long bet big on hedge funds, hired 11 managers on Tuesday as part of the state’s push into direct investments with these types of portfolios. Trustees for the roughly $46 billion state pension fund voted […]
Hedge Fund People: Brenda Mauro Joins Trident Fund Services
New York (HedgeCo.net) – Trident Fund Services has appointed Brenda Mauro as Head of North American Business Development. Ms. Mauro will support the expansion of the Trident Fund Services business in the U.S. and abroad. Mauro’s broad experience includes helping […]
Survey: Hedge Fund Employees Believe The Dodd-Frank Act May Impact Bonuses
New York (HedgeCo.net) – More than six in 10 (62%) of financial markets professionals surveyed by eFinancialCareers.com expect their bonus this year will be higher or the same in comparison to the bonus they earned in 2010. The Dodd-Frank Act continues […]
Campaign grows to oust Murdoch
Guardian – The shareholder-led campaign for an overhaul of Rupert Murdoch’s News Corporation is gathering momentum, with a call from the advisers Institutional Shareholder Services for 13 of the company’s 15 directors to be voted off the board. ISS, whose 1,700 clients […]
Hedge Fund Launch: The Man Long-Short Fund
New York (HedgeCo.net) – Hedge fund provider with $65 billion in assets under mamagement, Man Group plc, has launched a new long/short equity fund of hedge funds (FoHF). “Equity investing has evolved since the 1970s from mutual funds, to style box […]
Millionaire’s Tax: Hedge Fund ‘Carried Interest’ Tax – 15% – May Be Biggest U.S. Tax Loop Hole
International Business Times – Senate Majority Leader Harry Reid, D-Nev., is expected to introduce his 5 percent millionaires tax surcharge Tuesday in the Senate, but another issue regarding tax fairness is making the rounds on Capitol Hill: raising the “carried […]
American economists win Nobel
CNN Money – Two American economists won the Nobel Prize for economics on Monday for their work studying how changes in government policies or economic shocks affect a nation’s economy. Thomas Sargent, a professor at New York University, and Christopher […]
Wall St. Banks Help Hedge Funds Recruit
NYT – Wall Street banks often boast that they hire the best and the brightest. Now, scrambling to bolster profits, they have become full-time headhunters for some of their biggest hedge fund clients, a role that is rife with potential […]
Hedge fund Longacre winding down main funds
Reuters – U.S. hedge fund Longacre Fund Management LLC is shutting down its main funds after investors pulled out their cash, in a sign that market turmoil is having an impact on some hedge funds, media reports said late on […]
Paulson Clients Said to Pull Less Than 10% From Two Hedge Funds
Bloomberg – John Paulson, the billionaire hedge- fund manager having the worst year of his career, has received less than 10 percent in redemption requests for his Recovery and Credit Opportunities funds for year’s end, according to two people familiar […]
It’s in all our interests to understand how to stop another Great Depression
Guardian – I stumbled out into the autumn sunshine, figures ricocheting around my head, still trying to absorb what I had heard. I felt as if I had just attended a funeral: a funeral at which all of us got […]