Author Archives: Editor
SEC defends tighter rules for some hedge funds
MarketWatch – A top government official on Tuesday defended the new Financial Stability Oversight Council’s authority to impose stricter leverage and capital limits on some hedge funds and private equity funds. “There are prototypical private equity and hedge funds, and […]
Southridge Hedgie Hicks Shurgs Off Regulators Investor Fraud Suits
Forbes – Stephen Hicks and his Ridgefield, CT hedge fund, Southridge Capital, were sued yesterday for multiple securities violations by the SEC and the Connecticut Banking Commissioner in Connecticut state and federal courts. Howard Pitkin, head of the CT Department […]
Opportunities abound for N.S. in hedge fund industry
Chronicle – The hedge and private equity funds that operate in Europe are estimated to be responsible for about half of all transactions in the European financial markets. If Nova Scotia could attract even a small portion of that business, […]
CFTC Rules, Hedge Fund Compromise, OTC Curbs: Compliance
Bloomberg – The Commodity Futures Trading Commission moved to restrict what brokers can do with clients’ assets after investments in money-market mutual funds and government-sponsored entities soured during the global financial crisis. CFTC commissioners voted 4-1 yesterday to propose limiting […]
Final Approval for E.U. Hedge Fund Rules
New York Times – The European Union agreed Tuesday after drawn-out negotiations to new rules for hedge funds, having gained the approval of the European Parliament to regulate more thoroughly the 2 trillion euro industry. “Today, the European Parliament and […]
SEC Targets Use of Side Pockets by Hedge Funds
Pillsbury’s Investment Fund Law Blog – The Securities and Exchange Commission’s Asset Management Unit has been investigating whether hedge fund managers have overvalued assets in “side pockets” and then charged investors higher fees based on those inflated values. A side […]
SYZ & CO Launches Forex Hedge Fund
New York (HedgeCo.net) – Swiss banking group SYZ & CO has launched the OYSTER ForExtra Yield EUR, a new sub-fund of its OYSTER Funds SICAV. There are five currencies selected for trade, the Brazilian real, the Indian rupee, the Polish […]
SEC, Connecticut charge fund manager with fraud
Reuters – A Connecticut hedge fund firm was sued on Monday by U.S. and state regulators for allegedly inflating the value of its holdings, allowing it to fraudulently collect millions of dollars of undeserved fees. Southridge Capital Management LLC and […]
Hedge Fund Launch: $1 Billion Edoma Capital
New York (HedgeCo.net) – Pierre-Henri Flamand, a former co-head of a Goldman Sachs Group Inc. planning to raise more than $1 billion in the largest global hedge fund launch in 2010, the Wall Street Journal reports. The London-based hedge fund, […]
Greenspan’s Niece Fires Back at Hedge Fund
New York Times – It seems one hedge fund employee recently let go from Kingdon Capital wasn’t going gently into that dark night. Marjorie Greenspan Kaufman, a managing director and head of investor relations at Kingdon, and the niece of […]
Buffett taps fund manager to oversee portfolio
Washington Post – Berkshire Hathaway has hired a relatively unknown hedge fund manager to manage a “significant portion” of the investment portfolio built by its founder, legendary investor Warren E. Buffett. The company said in a statement Monday that it […]