Author Archives: Editor
Hedge fund pair bank £82m each after sale of BlueBay
Mail Online – Two hedge fund managers have banked £82million each after selling the business they set up less than ten years ago for nearly £1billion. Hugh Willis and Mark Poole cashed in from the sale of BlueBay Asset Management […]
EU ministers seek deal on hedge funds and banking transparency
Monsters & Critics – European Union finance ministers were hoping to strike a deal on new hedge fund regulation and agreeing bank information sharing to fight tax evasion, at a meeting in Luxembourg Tuesday. As part of its drive to […]
Hedge Fund Launch: TIR-Europe
New York (HedgeCo.net) – Independent forestry investment firm Timberland Investment Resources, LLC (TIR-USA), has established its London-based European investment hedge fund – Timberland Investment Resources Europe, LLP (TIR-Europe). “The forestry asset class is gaining prominence globally because of its history of […]
Broncos Elway Files Against Hedge Fund
New York (Hedgeco.net) – Former quarterback for the Denver Broncoes, John Elway and his partner Mitch Pierce, have filed court documents investigating the $15 million they invested March 2010 with hedge fund manager Sean Mueller, the WSJ reports. The hedge […]
Worldwide equity boom boosts managers’ beta
Pensions & Investments – Hedge fund managers are having a hard time making a buck this year, especially one that hasn’t been fueled by a whole lot of market beta. “It’s been all about beta this year,” said hedge fund […]
IRS Issues Massive Broker-Dealer Tax Reporting Rules – Starting Date January 1, 2011
By Steven M. Etkind and Roger D. Lorence – The 2008 Energy Act required the Internal Revenue Service (the “IRS”) to issue rules effective January 1, 2011 specifying how broker-dealers in securities that provide Form 1099-B (information return of broker-dealers to […]
Financial Reforms Expected To Boost Number Of Hedge Funds
Barrons – With regulators forcing a shift in banks away from riskier investments, proprietary trading desks are being disbanded. That’s leading many traders to set up shop through their own hedge funds, according to Bloomberg. It’s reporting that UBS AG has […]
Hedge-Fund Manager Diggle Starts Family Office, Shuns Banks
Bloomberg – Stephen Diggle, co-founder of hedge- fund firm Artradis Fund Management Pte, has set up a company to pool his personal wealth with that of family offices in Asia and invest in assets worldwide. Vulpes Investments will enable Diggle […]
CQS plans UK fund listing in December
Reuters – Hedge fund firm CQS plans to launch a new fund which will then list in London, the company said on Monday, making it the second manager since last week to announce plans to float a new vehicle. The […]
UBS in Talks With Dozens of Prop Traders Mulling Hedge Funds
Bloomberg – UBS AG, the largest Swiss bank, said it has been in talks with “dozens” of proprietary traders from firms worldwide who may start their own hedge funds as banks seek to comply with new U.S. rules aimed at […]
Hedge Fund Launch: CME Rainfall Contracts
New York (HedgeCo.net) – Global risk manager and derivatives marketplace, CME Group, will begin listing and trading rainfall futures, options on futures and binary options beginning October 31 for trade date November 1. The monthly and seasonal contracts will be […]