Author Archives: Editor

Barnier Says Talks on European Hedge-Fund Regulation to Continue This Week

Bloomberg – Talks aimed at reaching an agreement on plans to regulate hedge-fund managers in Europe will continue on Oct. 14, after negotiations among lawmakers in Brussels ended today without an accord. This week will be “decisive” for discussions on […]

People Moves: Hedge Fund BTIG Expands London Team

New York (HedgeCo.net) – Hedge fund broker dealer BTIG Ltd., announced the expansion of its London-based team with the addition of four new sales and trading professionals: David Abraham, Andrew Rosen, Julie Beecher and Adam Bergenfield. They join a team of […]

Update: Hedge Fund Bankruptcy Trustee Sues Investment Firms

New York (HedgeCo.net) – The trustee for failed hedge fund Petters Group, Douglas Kelley, has sued the Epsilon-Westford funds founded by Steve Stevanovic, according to Bloomberg. The bankruptcy trustee is seeking to recoup over $3.2 billion to cover the company’s debt, Bloomberg said, “Seventeen funds affiliated with […]

Fund Passport: Moving Closer?

WSJ – And so begins another week of discussions in Brussels about the Alternative Investment Fund Management directive, aimed at regulating hedge funds and other investment vehicles. Last week, France eased its opposition to the concept of a “passport” in […]

Hedge Funds Raise Bullish Bets on Oil to Five-Month High: Energy Markets

Bloomberg – Hedge funds raised bullish bets on oil to the highest level in more than five months amid speculation that the Federal Reserve will enact further stimulus measures to keep the economic recovery on track. Hedge funds and other […]

Alaska Air Board Backs CEO Ayer

Forbes – The board of directors of Alaska Air Group made a statement of support for chief executive Bill Ayer late yesterday, after Bloomberg News reported earlier in the day Ayer is the subject of a Securities and Exchange Commission investigation. […]

Hedge fund boss Crispin Odey picks Lloyds over Barclays

Telegraph – Mr Odey, who has just launched a new wealth management platform aimed at the UK’s super rich, says that Lloyds’ growth is far more promising thanks to its focus on traditional services like mortgages. “There was huge growth […]

Janchor, Former-TCI Asia Head John Ho’s Hedge Fund, Returns 21% This Year

Bloomberg – Janchor Partners Pan Asian Fund, run by the former Asia head of the Children’s Investment Fund Management UK LLP, returned 21 percent after fees in the first nine months of the year, according to an e-mail sent to […]

UK and France poised for EU hedge fund deal

Reuters – France is ready to drop objections to a key part of a law to tighten rules on hedge funds in exchange for concessions from London, a senior diplomat said, moving to end a row that threatened to harm […]

Merchant Hedge Fund Founders Coleman, King Buy Singapore Rubber Trader

Bloomberg – Michael Coleman, who co-manages the $1.3 billion Merchant Commodity Fund, and his partner Doug King have bought a stake in a Singapore-based rubber trader, which had sales of about $1 billion last year. The two former Cargill Inc. traders control […]

Bonuses for hedge fund IT staff jump

City AM – Hedge fund IT staff have seen their bonuses double in the last year, according to new research. ReThink Recruitment says software developers with experience in algorithmic trading platforms – a form of automated high volume trading – […]

Alaska Air CEO, hedge fund probed by SEC: report

Market Watch – Chief Executive William Ayers and hedge fund Donald Smith & Co. are being investigated by the Securities and Exchange Commission for insider trading, Bloomberg News reported Thursday, citing two people close to the matter. The SEC is […]