Category Archives: Syndicated
New Cayman Islands LLC Structure Offers Flexibility To Hedge Fund Managers
(Hedge Fund Law Report) On December 18, 2015, Cayman Islands authorities published a bill for a new law that allows for the formation of Cayman Islands limited liability companies (Cayman LLCs). Similar to a Delaware limited liability company, the Cayman […]
Hedge Funds Score Tiny Gains in February
(Reuters) The average hedge fund posted tiny gains last month to beat the broader stock market index, according to new data released on Monday.Even so, investors and analysts said many of the most prominent funds were nursing heavy losses for […]
U.S. Hedge Fund Managers Pour Money Into 2016 Race (And Yes Trump Is A Factor)
(Yahoo News) Reuters reports major U.S. hedge fund managers are on pace this year to more than double the amount they gave in the 2012 election campaign, with independent fundraising groups backing Democratic presidential front-runner Hillary Clinton and Republican rival […]
Blackrock is Betting on Millennials to Help Fix The Market’s Biggest Weakness
(The Business Insider) What does a 25-year-old know about trading bonds? Maybe enough to help one investing giant solve a problem that Wall Street can’t seem to get its head around. BlackRock, which manages $4.6 trillion in assets, has a […]
America’s Biggest Hedge Fund Hires Steve Jobs Confidant
(New York Post) Ray Dalio, head of Bridgewater Associates, the country’s largest hedge fund, on Thursday hired as his new co-chief executive Jon Rubinstein, a former Apple executive who worked closely with Steve Jobs and helped invent the iPod….. To […]
Hedge Funds Look To Space With New China Economy Gauge
(Bloomberg) “What we have is an independent third look at the facilities in China.” Here’s the latest way to get a read on China’s economic pulse: view it from space. San Francisco-based SpaceKnow Inc. has launched the China Satellite Manufacturing […]
Judge Refuses to Toss Hedge Fund Owner’s Case
(Courthouse News Service) Forced to defend his inside-trading prosecutions, U.S. Attorney Preet Bharara must confront “grave allegations” that he knew an FBI raid that destroyed a multibillion-dollar hedge fund rested upon fabricated evidence, a federal judge ruled Thursday. Since his […]
Media Wrong On Hedge Funds, Says Aima Chief
(eFinancial News) Chief executive officer of the Alternative Investment Management Association launched a staunch defence of the hedge fund industry’s fees and performance, although he acknowledged that the term hedge fund did not “always conjure up a good feeling.” To […]
AIMA Launches Hedge Fund Director DDQs
(Alternative Investment Management Association) AIMA, the global representative body for alternative asset managers, today has launched a set of Due Diligence Questionnaires (DDQs) for hedge fund directors. These are the first set of AIMA DDQs – questionnaire templates that fund […]
CalPERS settles with Moody’s for $130 million in ratings case
(Los Angeles Times) Moody’s Corp. will pay $130 million to the California Public Employees’ Retirement System to settle allegations that the ratings agency acted negligently by giving top scores to ultimately toxic investments that cost the pension fund hundreds of […]
The Hedge Fund Myth
(Harvest) Reading through some of the mandates for hedge funds via Bloomberg can provide instant comedic relief…“Its strict requirement is that funds must have at least three years of 15 percent returns. The ratio of annual returns to maximum drawdown […]
This is How Much Young Hedge Fund Professionals Earn in the U.S.
(eFinancial Careers) For modelers and researchers in their first year on the job at a hedge fund, but who likely have a couple of years of investment banking experience and perhaps an advanced degree, their base salary can range from […]