Author Archives: Editor
Hedge fund leaders gain clout
Boston.com – Hedge fund managers – a secretive, lightly regulated group portrayed by some as villains in last year’s financial meltdown – appear to have a new degree of clout on Capitol Hill in shaping legislation that will determine how […]
EU directive may cost funds 3.2 billion euros
Reuters – Hedge funds and private equity could face more than 3 billion euros in costs and investors could see fund choice shrink by up to 40 percent due to proposed new EU rules, a Financial Services Authority report said. […]
Hedge fund veteran Duff hunting for takeovers
Reuters – Hedge fund industry veteran Philip Duff is setting his sights on acquiring an asset management firm at a time he says big corporations are ready to leave the management of their pension funds to someone else. Duff made […]
U.S. Versus Cioffi And Tannin: Opening Statements
Forbes – The government cited what it claims are smoking-gun e-mails between the two fund managers. In at least one case, the government says Tannin wrote from his private Gmail account to Cioffi’s wife’s Hotmail account, declared the subprime mortgage […]
Conseco shares soar on hedge-fund investment
Indianapolis Business Journal – Wall Street loves Conseco Inc.’s deal to get a $278 million shot in the arm from a New York hedge fund. Shares of the Carmel-based life insurer soared as much as 26 percent, to $6.30 apiece, […]
UK Hedge Fund Manager Sought
New York (HedgeCo.net) – The London Metropolitan police are considering launching an investigation into the whereabouts of Nicholas Levene, who is being accused by investors of disappearing with their money. The Guardian reports that at least £70 million ($114 million) […]
High water marks still haunt hedge funds
Reuters – Hedge funds have rallied from last year’s stunning losses, yet hundreds of managers remain deep in the hole and face some tough decisions in the coming weeks. The fund industry suffered one of its worst years ever in […]
Group Of Nuns Attacks Goldman Over Large Bonuses
The Business Insider – Sister Judy Byron, who coordinates the faith-based Northwest Coalition for Responsible Investment and is a longtime proponent of this resolution, said: “Goldman Sachs’ announcement of record bonuses is a stark reminder about how executive compensation is […]
HSBC Faces Madoff-Linked Repayment Claims in Dublin
Bloomberg – HSBC Holdings Plc, Europe’s largest bank, is facing lawsuits in Ireland by investors faulting the lender for how it performed as custodian for money lost in Bernard Madoff’s $65 billion Ponzi scheme. A Dublin court may rule tomorrow […]
Geithner Aides Reaped Millions Working for Banks, Hedge Funds
Bloomberg – Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms. […]
Hedge fund Coupland Cardiff Asset Management threatens to quit London over EU’s Directive on Alternative Investment Fund Managers
Telegraph.co.uk – Coupland Cardiff’s chief operating officer Deborah Boyce said: “As we invest exclusively in Asia, this Directive will mean that we have no choice but to relocate outside of the EU should we wish to continue to operate.” She […]
Hermes hedge fund unit seeks 5 bln stg in 5 yrs
Reuters – Hermes BPK Partners, the fund of hedge funds linked to Britain’s largest pension scheme, wants to bring in 5 billion pounds ($7.89 billion) in assets within the next five years, the firm’s CEO said on Tuesday. Hermes BPK […]