Author Archives: Editor
E.U. Proposes Bank Levy to Pay for Future Crises
NYT – A European Union official proposed Wednesday that member states tax banks to raise money for a fund that would be used specifically to manage future financial crises. But although the idea of such a fund is popular in […]
Why hedge funds will not defect
Fortune – Hedge funds have nowhere left to hide. In November 2008 the top five U.S. hedge fund managers went to Washington to defend their business practices. With credit markets reeling, legislators demanded supervision of the notoriously secretive industry. Kenneth […]
‘Sophisticated’ Investors and the Hedge Funds They Love
WSJ – The market tumult of the last two years has taught us something about these so-called “sophisticated” investors we’re hearing so much about these days: if we didn’t know they were so smart, most of them could easily be […]
How will hedge fund regulation affect the global marketplace
New York (HedgeCo.net) – Total hedge fund assets under management on a global basis are estimated at $2,700 billion according to a survey of custodians and administrators. Renowned hedge fund lawyer, Michael Tannenbaum, believes that hedge fund regulation needs some […]
Review: Texas Hedge Fund Roundtable
New York (HedgeCo.net) – Hedge fund industry publisher Opalesque has launched the 31st issue in a series of regional roundtable forums – the inaugural Opalesque Texas Roundtable. Keynote speaker, Kyle Bass, one of the handful money managers who correctly identified […]
China To Allow QFII Investors To Trade Stock Index Futures
WSJ – China has agreed to allow qualified foreign investors and foreign joint ventures to trade stock index futures though China’s Qualified Foreign Institutional Investor program, the U.S. said in a statement Tuesday, moving towards allowing institutional investors to hedge […]
Mass. state fund chief leaving for hedge fund firm
Reuters – The executive director of Massachusetts’ $44 billion state pension fund, one of the first to make big bets on hedge funds, is resigning and moving to a Chicago-based asset management firm. Michael Travaglini, 47, who has headed the […]
Hedge Fund Goes From $5 Billion to $300 Million
WSJ – London Diversified Management LLP, a hedge-fund firm that managed $5 billion at the beginning of 2008, shrunk to just $300 million over two years, after the performance of its flagship fund tumbled and investors pulled out money. The […]
Europe seeks new levy on banks to create crisis funds
BBC – A network of national funds should be introduced so the cost of bank failures are not met by the taxpayer, the EU internal market commissioner has said. Michel Barnier said such funds would provide part of a broader […]
Former Citadel Manager Leversha to Start Asia Event-Driven Fund
Bloomberg – Simon Leversha, a former managing director of Citadel Investment Group LLC, is starting his own hedge fund this week to trade securities affected by events such as mergers, spinoffs, litigation and regulation. Imperia Asia Offshore Fund will start […]
Ignore The Market Panic, Focus On Value
WSJ – The plunge in markets worldwide is starting to open up some bargains for long-term investors. As usual, you should ignore the panic around you and look for solid value. Don’t worry what the other guy is doing: Worry […]
Hedge funds cut back bets in tough May-Pictet
Reuters – Hedge funds have aggressively cut back bets in recent weeks during a difficult month that has seen the euro tumble and stock market volatility soar, said Pictet’s head of alternative investments, Nicolas Campiche. Hedge funds are now positioned […]