Category Archives: Syndicated
SEC prepares for hedge fund ad blitz
CNBC – Regulators are stepping up their scrutiny of the private securities market in anticipation of the lifting of an 80-year-old ban on advertising by hedge funds to investors. Starting on Monday, hedge funds, private equity funds and other firms […]
CEO-to-Worker Pay Ratio Disclosure Proposal Issued by SEC
Bloomberg – A divided U.S. Securities and Exchange Commission will propose that public companies disclose how much more their chief executives earn than rank-and-file workers. SEC commissioners meeting in Washington today will vote to propose and seek comment on a requirement that […]
Co-founder of defunct hedge fund Diamondback launches new firm
Reuters – Richard Schimel will launch a new hedge fund later this year, less than 12 months after closing Diamondback Capital in the wake of an insider-trading investigation by the U.S. government. “The investment model at Sterling Ridge will focus […]
SYZ Asset Management hires Ian Penrose as Distribution Director for the UK
SYZ Asset Management, the institutional asset management arm of the Swiss banking Group SYZ & CO, has announced today the appointment of Ian Penrose as Distribution Director for the UK to promote SYZ Asset Management’s (SYZ AM) capabilities, including the […]
Fed candidate Don Kohn’s Wall Street ties
Fortune – Larry Summers’ bid to replace Ben Bernanke as the next head of the Federal Reserve appears to have been derailed, at least in part, by his ties to Wall Street. Just this weekend, Summers pulled out of a […]
Powerful group of hedge funds tables alternative plan to plug £1.5bn black hole at Co-op bank
A powerful group of hedge funds has tabled alternative plans to plug a £1.5bn black hole at the Co-op bank. Furious investors also accused the Co-op’s bosses of refusing to come to the negotiating table. Financial adviser Moelis & Company made […]
Ding Dong, Hedge Funds Calling
Private Wealth – Avon made itself into a makeup empire by arming young women with catalogs and sending them out to tell potential buyers across America that its products were better and cheaper than more familiar brands. What if hedge […]
Morgan Creek offers fund for retail clients to taste hedge funds
Reuters – Morgan Creek Capital Management, which invests with hundreds of hedge funds, is now giving retail clients access to these normally exclusive portfolios through a mutual fund. Morgan Creek, based in Chapel Hill, North Carolina, is the latest investment […]
Wielding Broader Powers, S.E.C. Visits Hedge Funds in London
NYT – The Securities and Exchange Commission, which has actively pursued actions by American banks and other financial institutions overseas, is broadening its reach by asserting its purview to foreign hedge fund managers. Agency employees are set to fan out […]
Five years after Lehman, Americans still angry at Wall Street: Reuters/Ipsos poll
Reuters – A few years ago, Larry Summers, then the director of President Barack Obama’s National Economic Council, held a private meeting with some of Wall Street’s top bankers and executives. Although the worst of the financial crisis was over […]
China Allows Six Foreign Hedge Funds To Set Up Shop
ValueWalk – China has given six foreign hedge funds the right to raise funds in yuan to invest overseas, a strong move towards opening the country’s economy and internationalizing its currency, writes Amy Li for The Wall Street Journal. The funds […]
PhillyDeals: ‘A real mistake’ on Pa. workers’ retirement plan
Philly.com – If you want to watch people gamble their own money, head to the casino. To watch people bet your money, go see a monthly board meeting of the $25 billion Pennsylvania State Employees’ Retirement System (SERS), where the […]