Category Archives: Syndicated
SEC OKs Confidential Private Fund Risk Reporting
In Audit – The Securities and Exchange Commission will adopt a new rule that would require certain advisers to hedge funds and other private funds to report information for use by the Financial Stability Oversight Council (FSOC) in monitoring risks […]
Hedge funds typically too smart to be victims of financial crime, says US lawyer
Global Pensions – Hedge funds might capture news headlines when they lose money as a result of financial crimes and misdemeanours, but pensions are stung more often partly due to their more regular investing patterns, according to a securities litigation […]
Hedge funds risk losses from MF Global collapse
HFM Weeek – The collapse of US brokerage firm MF Global, which filed for bankruptcy this week after eurozone debt exposures worth $4bn were revealed, could leave some hedge funds at risk after possible deficiencies in client accounts were exposed. […]
Och-Ziff Profit Falls 4% on Market Turbulence
DealBook – Och-Ziff Capital Management, the hedge fund firm run by Daniel S. Och, reported on Wednesday that profit fell 4 percent in the third quarter as a result of market turbulence and higher expenses. Profit dropped to $49.9 million, […]
Harris’s Hedge Fund Trades on Fear, Makes Millions: Interview
San Francisco Chronicle- Imagine the killing to be made right now if you could find a way to capitalize on fear. That’s precisely what Dr. Alexander Hoffman does in Robert Harris’s gothic new thriller, “The Fear Index.” The physicist-turned-hedge-fund-manager unleashes a trading […]
Dubai Bank Launches First Soccer Hedge Fund Despite Mounting Fan Opposition – Analysis
Eurasia Review – Dubai’s United Investment Bank has launched the region’s first alternative investment soccer fund modelled on similar controversial European funds amid rising fan opposition in Turkey, Spain and Portugal to hedge funds making bets in football player markets. […]
BlackRock Praises Regulators’ Coordination on Hedge Fund Secrets
BusinessWeek – U.S. regulators were responsive to industry concerns over new disclosures for private-fund firms, changing the final rule to prevent unnecessary duplication, said Barbara Novick, co-founder and vice chairman of BlackRock Inc., the world’s biggest fund manager. Private-equity and […]
Selling More Insurance on Europe Debt Raises Risk for U.S. Banks
Bloomberg – U.S. banks increased sales of insurance against credit losses to holders of Greek, Portuguese, Irish, Spanish and Italian debt in the first half of 2011, boosting the risk of payouts in the event of defaults. Guarantees provided by […]
Volatility And Hedge Fund Games Are Here To Stay
Forbes – Friday’s market activity was remarkable for one thing: the S&P 500 Index had a less than 1% peak-to-valley trading range throughout the day. In contrast, for the previous 66 consecutive trading days, the U.S. equity market had intra-day […]
Hedge Fund 3 Degrees Sues Ex-Lawyer After Order to Shut Down
Bloomberg – 3 Degrees Asset Management, ordered by Singapore regulators to shut down over allegations that founder Moe Ibrahim diverted assets, sued former lawyer Ng Wee Chong, claiming breach of duties. 3 Degrees claims Ng, 37, failed in “handling all […]
Hedge Funds Lift Bullish Bets on Growth Prospects: Commodities
San Francisco Chronicle – Speculators boosted wagers on higher commodity prices by the most since August as improving prospects for growth in the U.S. and Europe sent prices toward their biggest rally in 10 months. Money managers boosted combined net-long positions across […]
Narrowed US reporting requirement for hedge funds, private equity firms adopted by 2 agencies
Washington Post – The largest U.S. hedge funds and private equity funds must report financial information to the government starting next year under a rule finalized Monday. The Commodity Futures Trading Commission approved the rule that was also passed last […]