Category Archives: Syndicated
Steve Cohen says insider trading rules are “vague”
Reuters – Hedge fund billionaire Steven A. Cohen in sworn testimony earlier this year called the rules on insider trading “very vague” and said sometimes it’s a “judgment call” as to whether a tidbit about a public company is inside […]
State Street Global Advisors Names Michael Ho as New Chief Investment Officer for Emerging Market Equities and Global Macro Capabilities
MarketWatch – State Street Global Advisors (SSgA), the investment management business of State Street Corporation, today appointed Michael Ho to chief investment officer for its Active Emerging Markets Equities and Global Macro capabilities. Ho, who will be based in Boston, […]
Asian hedge funds receive boost as manager engagement and investor interest increases
Hedge Funds Review – Interest in emerging markets hedge funds is growing as Asian investors seek to allocate locally. More managers are moving to the region. Both trends should continue in 2012. Asian hedge funds are attracting interest as the number […]
RSR Capital returning money after Asia hedge fund losses
Reuters – Singapore-based hedge fund RSR Capital is returning money to external investors and plans to change the fund’s strategy for a possible relaunch next year, said Chief Operating Officer and Founding Partner Christophe Delorme. RSR Capital’s other partners are […]
Hedge fund group spent $1 million lobbying in 3Q
CBS – A trade group representing hedge funds spent more than $1 million in the third quarter lobbying federal officials on financial regulations, including a new rule that will expand disclosure requirements for the funds. The $1.02 million that the […]
Hedge fund redemptions surge after losses – survey
Reuters – After months of heavy losses, big and small clients asked funds to return $9 billion in October. That number is three times as large as the $2.6 billion (1.7 billion pounds) they pulled out in September, data from […]
Funds Reduce Bets on Rising Food Costs to Lowest in 27 Months: Commodities
Bloomberg – Hedge funds cut bullish bets on agricultural prices to the lowest level in more than two years on signs of expanding global supplies. A measure of speculative positions across 11 products from wheat to coffee to cattle fell […]
SEC Closes Fairfax Probe On Hedge Funds: Sources
News Gnomes – U.S. securities regulators are closing a long-running investigation into allegations that two well-known hedge funds conspired to spread negative information about Toronto insurer Fairfax Financial, two people familiar with the inquiry said. The Securities and Exchange Commission […]
Master funds to be registered under new Cayman Islands regulations
Hedge Funds Review – The Cayman Islands Monetary Authority (Cima) now requires master funds to register by the end of the first quarter 2012. These funds previously fell outside the jurisdiction’s regulatory framework. The Cayman Islands Monetary Authority (Cima) is introducing […]
Hedge fund subscriptions hit post-Lehman high
Reuters – Hedge funds look set to end 2011 with higher cumulative net subscriptions than at any time since the collapse of U.S. investment bank Lehman Brothers, as investors opt for alternative strategies to ride out stormy markets. The GlobeOp […]
Falcone’s Future Hinges on LightSquared Gamble as SEC Threatens a Lawsuit
Reuters -A day after being told that U.S. regulators may sue him, billionaire hedge fund manager Philip Falcone telephoned Sheldon Lowe, a close friend of 23 years, and told him that he would fight back. Falcone, 49, who rose to fame with […]
Hedge Fund Elliott Associates Takes Vietnam to Court
WSJ – New York hedge fund Elliott Associates LP is challenging another sovereign in court. This time it’s Vietnam’s state-owned shipbuilder Vinashin. Elliott is suing troubled Vinashin in the U.K. for defaulting on a US$600 million syndicated loan that originally had […]