Author Archives: Editor
WTP Advisors Acquires Hedge Fund Provider Sala Associates
New York (HedgeCo.net) – Hedge fund tax and business advisory firm, WTP Advisors has acquired hedge fund provider Sala Associates LLC. Sala Associates will now become WTP Capital Markets. “There is a growing need for business experts who can manage the operations side […]
Hedge funds toast a year of solid returns
Sydney Morning Herald – After two years of client withdrawals and pressure from regulators, hedge funds performed strongly this year, fuelled by successful bets on metals and emerging markets. The hedge fund industry, heavily criticised for gambling on the collapse […]
Sussman top donor in Maine politics
Portland Press – S. Donald Sussman, the billionaire hedge fund manager engaged to Democratic U.S. Rep. Chellie Pingree of Maine, was the top individual donor to Maine political causes in 2010, according to state campaign finance reports. Sussman contributed about […]
Wall Street Warms to China Story
WSJ – China has been important to global economic growth for years, of course. The country likely emerged as the world’s second-largest economy in 2010. It is expected to show close to 10% growth in both 2010 and 2011. Until […]
John Paulson stages a dramatic last-minute rally
FierceFinance – Earlier this year, there was plenty of reason to think hedge fund honcho John Paulson’s funds would take a beating for all of 2010. Most of his funds were lagging, with the exception of his gold fund. But now […]
Hedge fund manager gives up rat race to follow vineyard dream
Telegraph – “I know it will be a lot of hard work,” he said. “It’s a total life change. I know nothing about wine. I’ve just drunk a lot of it. But I have an opportunity to do something totally […]
Hedge fund boss John Paulson to collect £800million
The Daily Mail – Multi-billionaire US hedge fund manager John Paulson, who pulled off one of the biggest coups in Wall Street history when he made £2.3bn by betting against the sub-prime housing market, is showing the Midas touch again […]
Hedge Funds Extend Gains, but Insider Probe Swirls
WSJ – Hedge funds notched another run of gains in 2010. But as the year closed, a wide-ranging insider-trading investigation spooked the industry and cast a cloud that will loom in the months ahead. In 2010, hedge funds on average […]
Hedge Fund Regulation in Bermuda: Investment Funds Amendment Act 2010
New York (HedgeCo.net) – The Investment Funds Amendment Act 2010 was brought into force on December 22, 2010, making new provisions for the regulation of hedge funds in Bermuda. The changes are designed to strike a balance between securing appropriate […]
Hedge Fund Launches: First UCITS Fund Denominated In Gold
New York (HedgeCo.net) – Geneva based hedge fund asset manager, Palaedino Asset Management, advisor to the Axiom Fund, is launching the world’s first UCITS Funds denominated in Gold. Investors who choose the Gold Share Class will have simultaneously an exposure […]
BNP Paribas Says Two Funds Were Frozen for Technical Reasons
Bloomberg – BNP Paribas SA, the world’s biggest bank by assets, said two funds with a value of 236 million euros ($312 million) were frozen for technical reasons as part of their transfer to a new manager. The vehicles, which […]
Porsche wins $2 billion U.S. hedge fund suit’s dismissal
Reuters – A U.S. federal judge dismissed a lawsuit by 10 hedge fund groups accusing German automaker Porsche SE of cornering the market in shares of Volkswagen AG, resulting in more than $2 billion of damages. U.S. District Judge Harold […]