Author Archives: Editor
Hedge funds set to gain from new SA pension scheme laws
The East African – The hedge fund industry in South Africa is anticipating a boost in the near future following a revision of laws that has paved the way for allocation of a bigger proportion of the investment by investors. […]
The Warren Buffett-hedge fund bet tightens
CNN Money – We’re three years into Warren Buffett’s 10-year bet with the hedge fund community, and the race has narrowed. For the second year in a row, Buffett’s horse in the contest — an S&P 500 index fund — […]
Hedge funds increase bets dollar will decline
Telegraph – Hedge funds increased their bets against the dollar to a massive $28.6bn (£17.1bn) in advance of Ben Bernanke’s historic first press conference as chairman of the Federal Reserve last week. The sum held in short positions against the […]
OpEd: Estate Planning with Hedge Fund Performance Allocations (part two) Wealth Transfer Options
New York (HedgeCo.net) – By hedge fund specialist law firm Holland & Knight partner Bradley M. Van Buren. Continued from part one – Under current tax law, for gift and estate tax purposes, each individual has the ability to give away […]
AIMA Launches Brazil Hedge Fund Initiative
New York (HedgeCo.net) – The Alternative Investment Management Association (AIMA), has launched an initiative to engage with the Brazilian hedge fund industry and announced the appointment of a local representative, Michelle Noyes of BRZ Investimentos. “The maturity and sophistication of […]
BNY Mellon Acquires Wealth Management Arm of Hedge Fund Manager Talon
New York (HedgeCo.net) – Investment management firm, BNY Mellon, is in the process of acquiring Chicago-based Talon Asset Management’s wealth management operations, which have more than $800 million in assets under management. Talon is one of the region’s premier independent […]
Ex-hedge fund chief Lauer acquitted in fraud case
BusinessWeek – The former chief of a multimillion-dollar hedge fund accused of fleecing investors out of $200 million was acquitted Wednesday by a federal jury of securities fraud and related charges. Michael Lauer, who ran the Lancer Management Group and […]
Rajaratnam, Deutsche Bank, Madoff, Glaxo in Court News
Bloomberg – While prosecutors await a jury’s verdict in the trial of Galleon Group LLC’s Raj Rajaratnam, they may take comfort that four defendants tied to the insider- trading probe that began with him are pursuing plea deals. Don Ching […]
Harbinger’s Falcone gives details on SEC probes
Reuters – Billionaire hedge fund manager Philip Falcone recently gave investors more information about three U.S. government investigations into his Harbinger Capital Partners fund firm. In a year-end financial statement, Falcone also disclosed for the first time that his $6 […]
Ex-Citi exec readies $50 mln Greater China hedge fund
Reuters – Emerald Orient Investment Advisor, founded by former Citigroup Smith Barney portfolio manager Daniel Chan and four others, is set to launch a Greater China dedicated hedge fund betting on the technology and consumer sectors. The fund, which received […]
Corn prices drop on reports of hedge fund exits
DesMoines Register – Corn traders went on a selling binge Thursday, panicked by reports that investment funds are abandoning grain markets. The price of corn fell 29 cents – nearly the 30-cent daily limit – to $7.23 on the Chicago […]
Tano Capital moves commodity hedge fund from US to Singapore
Reuters – U.S.-based Tano Capital, a family office managed by a descendent of Franklin Templeton founder Rupert Johnson Sr, has moved the domicile of one of its funds to Singapore in a bet the local dollar will make further gains […]