Category Archives: Syndicated
EU agrees ‘imperfect’ deal to regulate hedge funds
EurActiv – EU legislators breathed a sigh of relief yesterday (26 October) as they closed year-long talks on regulating hedge funds and private equity, ending up with a deal which both politicians and industry have dubbed imperfect. Officials representing all […]
Hedge fund Tiger Asia gets SEC subpoena
Reuters – Tiger Asia Management LLC has received a subpoena from the U.S. securities regulator following allegations of insider dealing in Hong Kong, news agency Bloomberg cited a letter by the fund as saying. Tiger Asia, which got started with […]
Hedge Fund Fraud Alleged in Connecticut
Courthouse New Services – Hedge fund manager Stephen Hicks used his two unregistered hedge fund advisory companies to defraud investors “in three different ways,” after taking millions of dollars from them, the SEC says. The agency sued Hicks, 52, of […]
SEC defends tighter rules for some hedge funds
MarketWatch – A top government official on Tuesday defended the new Financial Stability Oversight Council’s authority to impose stricter leverage and capital limits on some hedge funds and private equity funds. “There are prototypical private equity and hedge funds, and […]
Southridge Hedgie Hicks Shurgs Off Regulators Investor Fraud Suits
Forbes – Stephen Hicks and his Ridgefield, CT hedge fund, Southridge Capital, were sued yesterday for multiple securities violations by the SEC and the Connecticut Banking Commissioner in Connecticut state and federal courts. Howard Pitkin, head of the CT Department […]
Opportunities abound for N.S. in hedge fund industry
Chronicle – The hedge and private equity funds that operate in Europe are estimated to be responsible for about half of all transactions in the European financial markets. If Nova Scotia could attract even a small portion of that business, […]
CFTC Rules, Hedge Fund Compromise, OTC Curbs: Compliance
Bloomberg – The Commodity Futures Trading Commission moved to restrict what brokers can do with clients’ assets after investments in money-market mutual funds and government-sponsored entities soured during the global financial crisis. CFTC commissioners voted 4-1 yesterday to propose limiting […]
Final Approval for E.U. Hedge Fund Rules
New York Times – The European Union agreed Tuesday after drawn-out negotiations to new rules for hedge funds, having gained the approval of the European Parliament to regulate more thoroughly the 2 trillion euro industry. “Today, the European Parliament and […]
SEC, Connecticut charge fund manager with fraud
Reuters – A Connecticut hedge fund firm was sued on Monday by U.S. and state regulators for allegedly inflating the value of its holdings, allowing it to fraudulently collect millions of dollars of undeserved fees. Southridge Capital Management LLC and […]
Greenspan’s Niece Fires Back at Hedge Fund
New York Times – It seems one hedge fund employee recently let go from Kingdon Capital wasn’t going gently into that dark night. Marjorie Greenspan Kaufman, a managing director and head of investor relations at Kingdon, and the niece of […]
Buffett taps fund manager to oversee portfolio
Washington Post – Berkshire Hathaway has hired a relatively unknown hedge fund manager to manage a “significant portion” of the investment portfolio built by its founder, legendary investor Warren E. Buffett. The company said in a statement Monday that it […]
Paladyne Implements Thirty Global Hedge Fund Start-Up Managers in 2010
New York (Press Release) – Paladyne Systems, Inc., announced a new bundled offering known as Paladyne FastStart™, to address the operational and budgetary requirements of today’s start-up and growing hedge funds. The solution combines Paladyne’s firm-wide technology platform, with a […]