Author Archives: Editor
Pillsbury Law: SEC Adopts New Measures to Curtail Pay to Play Practices by Hedge Fund Advisers
New York (HedgeCo.net) – The Securities and Exchange Commission (the “SEC”) today voted unanimously to approve new rules to significantly curtail the influence of “pay to play” practices by investment advisers. Pay to play is the practice of making campaign […]
Gartmore launches new hedge fund for John Bennett
Introducer – Gartmore anticipates EU’s Alternative Investment Fund’s Directive with its first Dublin-domiciled hedge fund. We are pleased to announce the launch of the Gartmore AlphaGen Pan-European Equity Hedge Fund. The Fund launched yesterday, 30 June, and will be managed […]
BlackRock’s Novick Goes to Washington as Firms Step Up Lobbying
Bloomberg – BlackRock Inc.’s Barbara Novick was contemplating retirement a year ago when Chief Executive Officer Laurence D. Fink asked her if she would jumpstart lobbying efforts in Washington. The acquisition of Barclays Global Investors on Dec. 1 had made […]
Connecticut starts border war over NY hedge funds
Reuters – Connecticut Governor Jodi Rell on Wednesday restarted her state’s on-again, off-again border wars with New York by inviting hedge funds to relocate to escape rising income taxes. Cash-starved New York is poised to collect an extra $50 million […]
Former regulators find steady work with hedge funds
Reuters – The hedge fund industry’s latest attempt at making nice with U.S. securities regulators appears to involve going out and hiring former regulators of their own. In recent weeks a handful of former top U.S. Securities and Exchange Commission […]
Northern Trust Completes Outsourcing of Hermes Fund Managers Investment Operations
Market Watch – Northern Trust announced today it has successfully migrated the investment operations for Hermes Fund Managers, a leading multi-boutique asset manager offering investment solutions to institutional clients globally, to the Northern Trust platform. With the migration complete, Northern […]
SkyBridge Completes Acquisition of Citi’s FoHFs, Hedge Fund Seeding and Advisory Businesses
New York (HedgeCo.net) – $7.4 billion global alternative investment firm, SkyBridge Capital (SkyBridge) has completed its acquisition of the fund of hedge funds, hedge fund seeding and hedge fund advisory businesses from Citi Alternative Investments LLC (CAI). The hedge fund […]
Hedge Fund Trader Banned For Manipulating Stock Prices
New York (HedgeCo.net) – Financial Industry Regulatory Authority (FINRA) has permanently barred a former Deutsche Bank broker from the securities industry for manipulating the price of Monogram Biosciences (MGRM) stock in an effort to enrich a hedge fund client, himself […]
People Moves: Ross Ciesla Joins UK Hedge Fund Manager Veritas
People Moves – UK hedge fund manager Veritas Asset Management (Veritas) has appoionted Ross Ciesla as Senior Private Client Director of its private client business. Ross will start at Veritas towards the end of the year. Ross joins Veritas from […]
Active funds face squeeze in asset scramble
Reuters – Fund managers who charge clients for their asset-picking skills are facing an intense competitive squeeze as growth in new client money dwindles and performance is laid bare by the death of boom markets. This was the message at […]
Japan’s Hedge-Fund Startups Luring Investor Interest, BofA Says
Bloomberg – Japanese hedge-fund startups are beginning to attract the interest of overseas investors as the nation’s industry has the best performers this year, according to Futoshi Ago at Bank of America Corp. New hedge funds set up by managers […]
N.Y. Move Could Double-Tax Hedge Fund Managers
NYT – Finally, Gov. David A. Paterson and legislative leaders have found something they can agree on: that hedge fund managers from Connecticut and New Jersey should pay the state of New York millions more in taxes. As they grapple […]