Category Archives: Syndicated
New EU rules may hit Asia hedge fund and buyout industries
Reuters – Hedge funds and private equity firms based in Asia face tough new rules on pay and leverage from a regulatory overhaul set to pass in Europe this week. The European Union’s Alternative Investment Fund Managers Directive, which goes […]
Texas ERS issues RFP for hedge fund consultant
HFM Week – The $21bn Employees Retirement System of Texas (ERS) has issued a request for proposal (RFP) for a hedge fund consultant as it prepares to invest $1bn of its assets into the sector. As exclusively revealed by HFMWeek […]
Background note on the alternative investment fund managers directive
European Parliament – Over a year in the making, the Alternative Investment Fund Managers (AIFM) directive – widely known as the “hedge funds” directive – is reaching the final stages of approval. This note answers some basic questions about what is to […]
Duquesne Alumni Plan New $5 Billion Fund
NYT – Stanley F. Druckenmiller’s former colleagues at Duquesne Capital Management are opening a new firm with $5 billion in assets, in what will be the second-largest hedge fund start-up ever, Bloomberg News reported, citing four people briefed on the plans. […]
Hedge Funds Rally to Two-Year High With 1.5% October Gain
Bloomberg – Hedge funds rose 1.5 percent in October, reaching the highest level in more than two years as global equity markets rallied, according to data compiled by Bloomberg. The Bloomberg aggregate hedge fund index increased to 117.13 last month, […]
SAC Capital, Biovail Finally Bury the Hatchet
Wall Street Journal – It isn’t exactly the Treaty of Paris, but it sure ends one of the nastier corporate tiffs. Valeant Pharmaceuticals and Steven Cohen’s hedge fund SAC Capital today agreed to settle a piece of their long-simmering legal spat over […]
Fortress third-quarter earnings beat estimates
Reuters – Fortress Investment Group (FIG.N) reported third-quarter earnings above analysts’ expectations on Friday, as a strong performance in its credit products and hedge funds boosted management fees. The New York-based hedge fund and private equity firm said pretax distributable income […]
SEC accuses L.A. hedge fund operators of bilking investors
LA Times – The Securities and Exchange Commission filed a civil lawsuit Thursday against two operators of a Los Angeles hedge fund, accusing them of making false statements about the fund’s performance and misappropriating more than $2 million of clients’ […]
Former China Pension Adviser, Prime Broker Start Hedge Fund
Bloomberg – A former senior adviser to China’s state pension fund and a former head of Morgan Stanley’s Asia prime brokerage business started a China-focused hedge fund this week that will bet on rising and falling Chinese stocks. JT Greater […]
FrontPoint Health-Care Investors May Flee in Galleon Deja Vu
Bloomberg – FrontPoint Partners LLC may see investor withdrawals from its health-care hedge funds after a manager allegedly received nonpublic information about Human Genome Sciences Inc.’s. hepatitis-C drug Albuferon. “This fund will be subject to redemptions as the government will […]
Hedge Fund Managers’ Bonuses Projected To Rise 5%
Barron’s – A new study is forecasting that hedge fund managers should average about a 5% bonus this year. That’s on top of what they make in base salaries. The study, by Glocap Search and Hedge Fund Research, says that overall […]
Courage Capital adds Weeks and Hughes to manage equity strategies
Hedge Fund Review Magazine – Courage Capital Management has hired portfolio managers Brad Weeks and James Hughes to manage a pair of equity strategies. Both previously worked at Ergates Capital Management where they ran the Ergon Capital Fund. Weeks co-founded […]