Category Archives: Syndicated
Hedge fund assets available for prime custody jump 40% in two years, says BNY Mellon
Opalesque – BNY Mellon, the global leader in investment management and investment services, reported today that hedge fund assets available for prime custody services now stand at an estimated $684 billion, a 40% increase since 2010. The increase reflects both […]
Fitch: Hedge funds face challenge balancing reinsurance/returns
Reuters – Several well-known hedge fund managers have backed new reinsurance vehicles, with the aim of using stable premium flows in lower-risk underwriting business to support higher returns on the companies’ asset portfolios. The business model sounds simple, but achieving […]
Asian hedge funds looks for volatility opportunities
Risk.net – Volatility hedge funds operating in Asia have reported some spectacular losses since 2008. Despite this, there are still funds operating in the volatility arena. What strategies are working best and why is volatility so low? Long volatility funds […]
Hedge fund charges not catching on with UK mutual funds
Reuters – Britain’s mutual funds are shunning a hedge fund-style method of charging clients, where investors pay fees as a proportion of outperformance by the fund manager, following a revolt by financial advisers selling the funds, a study has found. […]
Wells Fargo Re-Brands Its LaCrosse Global Fund Services Hedge Fund Administration Business
The Street – Wells Fargo & Company (WFC) today announced that its hedge fund administration and middle-office service provider, LaCrosse Global Fund Services (LaCrosse), has been re-branded as Wells Fargo Global Fund Services. The newly-named firm will continue to provide […]
Hedge fund manager surrenders expensive watches, fancy cars, airplane and backpack of cash
Al.com – A federal judge last week issued a final forfeiture order against a Tampa, Fla., man who pleaded guilty to defrauding investors from the Mobile area and elsewhere through a hedge fund that he managed. The $2.34 million judgment […]
UK parliament renews pressure on Barclays tax avoidance
Risk.net – The UK parliament’s Treasury Select Committee has renewed its pressure on Barclays by releasing letters describing a failed tax avoidance scheme in 2011. Committee chairman Andrew Tyrie noted that much of Barclays’ explanation to the committee for the scheme – […]
Treasury to cut AIG stake below half in $18B sale
AP – The U.S. government is selling more of its shares in insurer American International Group Inc., in a move that should decrease its holdings below a majority stake for the first time since the $182 billion bailout in 2008. […]
Hedge fund’s risky ties to Revel casino shine light on N.J.’s investing habits
NJ.com – Gov. Chris Christie isn’t the only one betting on Revel. A hedge fund that manages $200 million in New Jersey public pension money also has a financial stake in Revel, Atlantic City’s newest and sleekest casino hotel, a […]
Hedge funds shun risk-taking practice, as do their investors
Investment Europe – The stereotype of a hedge fund manager is of a gambler on markets, a high risk taker. At the moment, however, the reality is flying in the face of that archetype. Then you read industry biographies of […]
Hedge Funds Lifted Wagers to 16-Month High Before Rally
BusinessWeek -Hedge funds raised bullish commodity bets to the highest in 16 months before speculation that policy makers in the U.S., China and Europe will revive global growth pushed prices higher for a sixth week. Money managers increased their net-long […]
Reinsurance Hedge Funds Flourish Amid Flexible Regulations
ValueWalk – New York Times published an article on September 4th that observes how risky trades are flourishing in hedge funds, amid flexible regulations. In places like Bermuda and the Cayman Islands, hedge funds can generate millions in permanent capital […]