Author Archives: Editor
Asia Ex-Japan Hedge Funds Show Biggest Gains
WSJ – Hedge funds in Asia excluding Japan rose 34.4% year to date through November, putting them on track to beat last year’s returns and outperform other regional hedge fund indices, data provider and research house Eurekahedge said in its […]
Hedge funds may benefit from bank bonus clampdown
Reuters – The political backlash against investment bankers’ bonuses could see an exodus of top traders to hedge funds, which are likely to be less restricted in paying talented managers what they want. Investment bankers’ hefty payouts have provoked public […]
Rajaratnam Makes 2nd Request for Smaller Bail
NYT – Lawyers for Raj Rajaratnam, the billionaire hedge fund manager accused of insider trading, are again seeking to reduce his bail, citing errors in the government’s case against their client and his firm, the Galleon Group. Mr. Rajaratnam’s lawyers […]
Hedge Funds Gain $14.93 Billion in November
New York (HedgeCo.net) – The hedge fund industry grew by $14.93 billion in November, according to the Eurekahedge report, with performance-based gains of $9.92 billion and net inflows of $5 billion. The total size of the hedge fund universe now […]
Research Forecasts Steady Global Economic Recovery in 2010
New York (HedgeCo.net) – BofA Merrill Lynch Global Research released its Global Macro Year Ahead economic and market forecasts, projecting higher-than-consensus GDP growth, low inflation, a bullish outlook for equities, a strengthening U.S. dollar against select currencies and a less […]
SAC has a reverse Midas touch with spinoffs
If you are starting a hedge fund, the easiest way to gain an edge is to secure an initial investment from an industry superstar who is also your former boss. Money from Julian Robertson, George Soros or even Harvard Management […]
Hedge Funds Hold More Appeal Than Their Managers: Matthew Lynn
Bloomberg – As investors make a year-end review of their portfolios, they will see that after all the predictions of the demise of the banking industry earlier this year, most financial stocks have done pretty well. Except for one group: […]
Swiss Re Offers Longevity Cover To Public Fund
WSJ – Swiss Reinsurance Co Tuesday said it has provided a public U.K. pension fund with longevity risk protection, the first such deal between private and public businesses and one that could find more followers in the slow-growing insurance industry, […]
Not Losing Is New Winning as Wall Street Dilutes Proposed Laws
Bloomberg – Four Wall Street lobbyists and about a dozen lawmakers huddled over eggs and bacon at Tortilla Coast restaurant on Capitol Hill on Dec. 2 to discuss legislation aimed at strengthening bank regulation. The meeting between fiscally conservative House […]
BNY Launches Independant Hedge Fund Validation Service
New York (HedgeCo.net) – Hedge fund administrator BNY Mellon Alternative Investment Services has launched a service that independently validates a hedge fund’s position records to third-parties – prime brokers, custodians, trustees and agent banks – and independently verifies the pricing […]
25 years for partner in $194 mln Florida fund fraud
Ali Baba – A partner in KL Group, a now-defunct Florida hedge fund company, was sentenced on Friday to nearly 25 years in prison for a scheme that defrauded investors of $194 million, U.S. prosecutors said. Won Sok Lee, who […]
Hedge fund could be back for seconds
The Sydney Morning Herald – The former Babcock & Brown affiliate Everest Capital looks set to face another challenge. There is talk at least one rival investment firm is hoping to snare control of another of the embattled group’s funds. […]