Author Archives: Editor
Asian hedge funds enjoy capital boost during second quarter
Hedge Funds Review Magazine – Investors allocated over $360 million in new capital to Asian hedge funds in the second quarter of 2010 reversing the net asset outflow in the first quarter, according to Hedge Fund Research. Total capital invested […]
Financial reform law may not raise cost for hedge funds
Xinhua – Since U.S. President Barack Obama signed the financial regulatory reform act into law on July 21, many people in Wall Street have been asking whether the new law would raise cost for hedge funds. In a recent interview […]
Conn Gov To Hedge Funds: Moving Away From NY Is Wise Tax Choice
WSJ – Connecticut Governor M. Jodi Rell said it would be a “wise choice” for hedge-fund managers to move to her constituency and away from New York, as Connecticut’s tax regime is more favorable. Rell’s admonition came despite New York […]
Managers Offering Cheaper Way to Short Beat Viking, Maverick
Bloomberg – John Hussman runs a $6.3 billion mutual fund with the flexibility to bet on rising and falling stock prices. His fees are a fraction of those charged by so- called long-short hedge funds that do the same thing, […]
TPG-Axon, Montrica hedge funds to merge
Reuters – TPG-Axon Capital and Montrica Investment Management have agreed to merge in a deal that will bring together assets under management totaling $9.1 billion. TPG-Axon’s founder, Dinakar Singh, said in a letter to investors on Monday that Montrica and […]
Merkin seeks to dismiss Madoff feeder fund lawsuit
Reuters – Hedge fund manager J. Ezra Merkin asked a U.S. judge to dismiss a class-action lawsuit accusing him of recklessly funneling millions of dollars in client funds to now-imprisoned Ponzi schemer Bernard Madoff. In a filing late Monday in […]
Hedge Fund Association To Sponsor AT&T Cycling Championship
New York (HedgeCo.net) – The AT&T USA Cycling Professional Criterium National Championship at the Glencoe Grand Prix is being sponsored this year by The Hedge Fund Association, a not-for-profit international educational and philanthropic group. The race will be be held […]
U.S. Hedge Fund Reform: Investor Protection Provisions
New York (HedgeCo.net via. Eisner LLP)- On July 21, 2010, after a legislative process that included intensive lobbying by influential interest groups and a partisan minority, President Obama signed into law H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer […]
Instinet Dark Pool Starts Offering Options Trades to Mutual Fund Clients
Bloomberg – Instinet Inc. has begun using its dark pool, or private trading venue that helps investors buy or sell large blocks of securities, to help transact U.S. options orders for institutional clients such as mutual funds. The New York-based […]
Hot-headed hedge fund honcho looks to resolve valet flap
Boston Herald – A Hub hedge-fund hot shot banned from the Ritz-Carlton Hotel and Towers for allegedly attacking a parking valet with the keys to his luxury BMW is attempting to resolve his differences with the victim without a messy, […]
Big Investor Gives Up on Funds of Hedge Funds
WSJ – One of Europe’s largest institutional investors has pulled out of funds of hedge funds, removing €384 million ($506 million) from the troubled sector, saying it doubts their utility and dislikes their lack of transparency. The €11.8 billion ($15.4 […]