Author Archives: Editor
Venture capitalists not treated as hedge funds under House bill
The Hill – Venture capitalists breathed a collective sigh of relief Thursday when a proposal from the House Financial Services Capital Markets Subcommittee did not seek to treat them like private equity firms or hedge funds. Venture capital investors had […]
Hedge Funds Rebuild Assets As Year-Long Decline Reverses-Data
Nasdaq – Hedge funds are gathering assets again after a year of heavy investor redemptions helped wipe more than $1 trillion off the amount of money they manage. Data provider HedgeFund Intelligence said Monday it estimates industry assets at $1.67 […]
Hedge-fund firm to create 50 jobs in Sligo
Belfast Telegraph – A company that provides administration services to the hedge-fund industry has announced plans to create 50 new jobs in Sligo. Equinoxe AIS is expanding its Irish operations and setting up a new asset-servicing operation which will be […]
Fueling Growth: Outsourcing Solutions for Hedge Funds
New York (HedgeCo.net) – A new whitepaper published by Pershing LLC, a BNY Mellon company, and Aite Group LLC examines critical hedge fund operations, entitled, Fueling Growth: Outsourcing Solutions for Hedge Funds, reports that an increase in client redemption requests […]
Global Hedge Fund AUM Slip In First Half of 2009
New York (HedgeCo.net) – There has been a continuing decline in global hedge fund industry AUM during the first half of 2009, slipping a further 8.5% during the first half of 2009 to reach a total figure of $1.67 trillion […]
Hedge Fund Cloning – A Fourth Type of Replicator
Seeking Alpha – “You don’t want to be average; it’s not worth it, does nothing. In fact, it’s less that the market. The question is, ‘How do you get to be first quartile?’ If you can’t, it doesn’t matter what […]
Madoff Brother, Sons Sued by Trustee for $199 Million
Bloomberg – Bernard Madoff’s brother, sons and niece were sued by a liquidator over claims they spent $198.7 million of victims’ money and treated the con man’s investment firm as their personal bank. The lawsuit against the brother, Peter Madoff, […]
Toscafund halves Stake in key investment Aberdeen Asset Management
Hedge Tracker – Toscafund, the activist hedge fund run by Martin Hughes, has sold half of its stake in Aberdeen Asset Management to Japanese bank Mitsubishi. According to an article from the Telegraph, Toscafund’s assets have fallen in half since […]
Wealth managers eye “mass affluent” as tax bites
Reuters – Wealth management firms are counting on new business from the moderately rich as they play down the impact of a possible exodus of the ultra wealthy from tax-hungry Britain. The likes of steel magnate Lakshmi Mittal and Russian […]
Paolo Pellegrini, Formerly of John Paulson’s Hedge Fund on Bloomberg
ForexHound – I admit I had not heard of this fellow until I saw this interview on Zerohedge, but apparently this is the key brain behind the massive bet against subprime mortgages that made John Paulson both famous and one […]
Silicon Valley sees surge in deal-making
Mecury News – September brought a sharp uptick in M&A activity, according to the 451 Group, a firm that analyzes the tech industry. The month began with the $2 billion “carve out” deal for Skype, in which eBay sold 65 […]
Credit Suisse Targets Japan’s $800 Billion Pensions
Bloomberg – Credit Suisse Group AG, which sold its Japanese asset management unit in June, will offer alternative investments including private-equity funds to attract the nation’s $800 billion in pension money. Tokyo-based Credit Suisse Securities (Japan) Ltd., the Japanese brokerage […]