Author Archives: Editor
Goldman’s hedge fund factory winding down
MarketWatch – As Goldman Sachs Group winds down its Principal Strategies group, the firm will be shutting a business that’s produced some of the most successful hedge fund managers in the world. Goldman is responding to a new financial law […]
Swiss Taxes Lure New Single Hedge Fund Managers as Industry `Reinvented’
Bloomberg – Swiss hedge funds have “reinvented themselves” this year as the country attracts new managers by offering lower tax rates than rival financial centers, according to a Zurich University study. There are 125 single-manager hedge funds in Switzerland managing […]
Financial reform resource: What private fund advisers need to know about the Dodd-Frank Act
New York (Release) – The recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) is changing the financial service landscape. The Act addresses four major issues: transparency, risk management, accountability and structural oversight; and will create new […]
Hedge Fund Magnate Donates $100 Million To Human Rights Watch
New York (HedgeCo.net) – Billionaire hedge fund magnate George Soros is giving $100 million to the NY based Human Rights Watch (HRW), according to UK newspaper The Guardian. The donation is the largest in HRW’s history, and the charity plans to […]
Bankruptcy Court Is Latest Battleground for Traders
WSJ – In Six Flags Inc.’s bankruptcy case last fall, a hedge fund that owned senior bonds negotiated the theme-park company’s reorganization plan, then dumped lower-ranking bonds it figured would lose value under the deal. Other creditors cried foul. The hedge […]
COMAC Hedge Fund Says Fed Purchases May Have Limited Impact
Bloomberg – The U.S. Federal Reserve would risk its credibility with a second round of asset purchases because such a measure may have little impact on economic growth, said Colm O’Shea, the London-based hedge fund manager who hasn’t had a […]
Hedge funds shrink in July as billions walk
Reuters – The global hedge fund industry shrivelled a little more in July when investors pulled out nearly $3 billion (1.9 billion pounds) after the loosely regulated portfolios posted losses in May and June, researchers reported on Tuesday. Assets stood […]
UBS Hires Pak to Head Asia Hedge Fund Capital Introduction
Bloomberg – UBS AG, the largest Swiss bank, hired Stephen Pak from Credit Suisse Group AG to head a team that introduces Asian hedge funds to potential investors after losing staff to rivals and new entrants. Pak, 38, started his […]
Switzerland Attracts New Hedge Funds as Industry `Reinvented,’ Study Says
Bloomberg – Swiss hedge funds have “reinvented themselves” this year as the country attracts new managers by offering lower tax rates than rival financial centers, according to a Zurich University study. There are 125 single-manager hedge funds in Switzerland managing […]
Hedge Fund Launch: Javelin Capital
New York (HedgeCo.net) – Global equity asset manager Javelin Capital LLP launched on the 1st of Setember. Backed by Majedie Investments PLC, the company is seeking to repeat the success of a previous venture, Majedie Asset Management, in providing seed […]
UCITS Hedge Funds Up in August 2010
New York (HedgeCo.net) – In August the UCITS Alternative Index Global is up 0.14% bringing its year to date performance to -0.14% while the Fund of Funds Index is down -0.35% bringing its performance for the year to -1.18%. The […]
People Moves: Graham Stock Joins Insparo Hedge Fund
New York (HedgeCo.net) – Frontier market hedge fund Insparo Asset Management has appointed emerging markets veteran Graham Stock as Chief Strategist. Graham will play a decisive role in continuing the success the firm has enjoyed since launching in 2008. Stock […]