Author Archives: Editor
Grassley Questions Education Agency’s Ties to Hedge Funds
DealBook – Senator Charles E. Grassley is examining whether Education Department officials disclosed confidential government information to hedge fund managers, including the well-known stock picker Steve Eisman. The inquiry stems from the agency’s recent efforts to overhaul the for-profit college industry, which has […]
BHA: Investors Allocated $30 Billion to Hedge Funds in Q2
New York (HedgeCo.net) – Brighton House Associates (BHA) has released their quarterly report, which explores trends within the alternative investment industry during the second quarter. Some highlights from the report include: – The second quarter of 2011 was characterized by tumultuous […]
New Residency Ruling Creates Uncertainty For Taxpayers
New York (HedgeCo.net) – A recent decision issued by the New York Tax Appeals Tribunal which further expands the definition of “permanent place of abode” (PPA) opens the door to increased taxation for out-of-staters who own a second home in […]
After Soros, Which Hedge Funds Go Dark?
TheStreet – George Soros’ decision to return money from his hedge fund to outside investors has sparked worry that new regulations under Dodd-Frank will push hedge funds deeper into the dark. Soros will return about $1 billion to outside investorsby the end […]
Hedge funds not systemically risky, but UK regulator issues caveats
Global Pensions – Britain’s financial regulator says the low footprint hedge funds have in most capital markets means overall they pose a low systemic risk, but it has warned of a greater influence by the industry in areas such as […]
No new $ for Cohen flagship
New York Post – Despite being dogged by rumors of an insider-trading probe for nearly two years now, hedge-fund mogul Steve Cohen appears to have no trouble getting people to give him money. In fact, the 55-year-old billionaire founder of […]
U.S. Debt Rating, U.K. Hedge Funds, Broker Abuses, Iveco Fine: Compliance
Bloomberg – Standard & Poor’s President Deven Sharma declined to pick a winner among deficit-reduction plans being debated by U.S. lawmakers, telling a House panel that decisions on whether to downgrade the nation’s debt will hinge on the long-term impact […]
Ebullient hedge funds weigh up IPOs again
Reuters – Hedge funds are once again turning their attentions to flotations as a way of cashing in on resurgent interest in the $2 trillion industry, despite a poor year for IPOs and a chequered track record for the listed […]
Scene Last Night: Hedge-Funders Sail From Greenwich, Soccer Rooftop Revels
Bloomberg – Yesterday afternoon a few dozen hedge-funders abandoned their desks to sail 12-Metre America’s Cup yachts on the Long Island Sound. The majestic boats made their way out of Indian Harbor Yacht Club in Greenwich, Connecticut, past the waterfront […]
Hedge Fund Launches Emergency Rapid Response Team
New York (HedgeCo.net) – Billionaire hedge fund manager Philip Falcone’s new satellite internet venture, LightSquared, is to invest in next generation satellite communications technology directed at public safety, “Push-to-Talk.” In addition, LightSquared has formed its own Emergency Rapid Response Team […]
Hedge Fund Launch: Global Managed Futures Fund by everTrend
New York (HedgeCo.net) – Robert Robbins, former manager of the long/short hedge fund Robbins Capital, has launched a new venture: everTrend Global, a macro managed futures fund with $2 million in assets. everTrend Global is a trend-following fund, designed to […]
New Residency Ruling Creates Uncertainty For Taxpayers
Hedge Fund Client Alert: A recent decision issued by the New York Tax Appeals Tribunal which further expands the definition of “permanent place of abode” (PPA) opens the door to increased taxation for out-of-staters who own a second home in New […]