Author Archives: Editor
NY rabbi convicted of extorting Conn. hedge fund
WSJ – A prominent Brooklyn rabbi has been convicted in a scheme to extort a Connecticut-based hedge fund into paying millions of dollars to two schools. Rabbi Milton Balkany was found guilty in Manhattan federal court Wednesday of extortion, blackmail, […]
Hedge fund regulation net closing in on property-BPF
Reuters – Property companies must act fast to escape spiralling costs and losses caused by legislation designed to curb excessive risk-taking in the investment management industry, the British Property Federation warned. Investors ranging from blue chip landlords to modest family […]
Former Credit Suisse Proprietary Trader Chan Said to Plan Macro Hedge Fund
Bloomberg – Charlie Chan, a former Credit Suisse Group AG proprietary trader, plans to set up an Asia-focused macro hedge fund in the first quarter of next year, said three people with knowledge of the matter. Singapore-based Chan, who was the […]
Hedge Fund Research: Investors expect greater transparency
New York (HedgeCo.net) – The global hedge fund industry has largely rebounded from the financial crisis and is responding readily to investor requests for greater transparency, according to a new report published today by Ernst & Young. Investors expect greater […]
Hedge Funds Assets Reach Highest Since October 2008
Bloomberg – Hedge-funds assets exceeded $1.6 trillion, reaching the highest in more than two years, as managers returned 2.3 percent last month helped by gains in global markets, according to Eurekahedge Pte. Hedge funds posted positive returns for the fourth […]
Hedge fund performance boosted by strong October returns
Hedge Funds Review – The Eurekahedge Hedge Fund Index gained 2.26% in October, bringing the year-to-date (YTD) returns to 7.31% compared with global equity returns in the S&P 500 Total Return (+3.80%), MSCI World Equity (+3.65%), and FTSE 100 (+2.28%) equity […]
Hedge funds forced to drop their fees in wake of meltdown
City AM – Investors are enjoying more negotiating power than ever before when it comes to investing in hedge funds, putting increasing pressure on managers to lower fees and offer greater liquidity in the wake of the credit crisis, a […]
Hedge Fund Manager Tepper Tells You His Secret: Follow the Government
CNBC – How did David Tepper get a 132 percent return on his portfolio last year? He just jumped behind the federal government and bought bank stocks — after the government published plans to support the financial sector.”‘It was easy,’ […]
Hedge Fund Fraud: Stanford Beaten in Jail
New York (HedgeCo.net) – The Texas financier who is being held without bail awaiting trial on charges of an $8 billion fraud scheme, was reported to have been beaten up in prison for talking on the phone. Stanford was connected to […]
K1 Founder Helmut Kiener May Be Charged This Week, German Prosecutor Says
Bloomberg – K1 Group hedge fund founder Helmut Kiener may be charged this week over what prosecutors say was a scheme that led to hundreds of millions in losses at Barclays Plc, JPMorgan Chase & Co. and BNP Paribas SA. Charges may be filed […]
New EU rules may hit Asia hedge fund and buyout industries
Reuters – Hedge funds and private equity firms based in Asia face tough new rules on pay and leverage from a regulatory overhaul set to pass in Europe this week. The European Union’s Alternative Investment Fund Managers Directive, which goes […]