M&C – Overcoming French opposition to new hedge-fund regulation was set to dominate the end of a two-day informal meeting of European Union finance ministers in Brussels on Friday. Hedge funds have been blamed for exacerbating the 2008 financial crash […]

Opalesque Industry Update –  On Thursday, Absolute Return (AR) released the results of its study of hedge fund assets (as of July 1, 2010). The largest hedge fund, Bridgewater Associates manages $80bn in assets, and secured the largest inflows in […]

Bloomberg – Carly Fiorina, campaigning to be California’s first Republican senator elected in two decades, said hedge funds should be subject to greater transparency requirements and the financial regulatory overhaul known as the Dodd-Frank Act doesn’t go far enough. The lightly […]

Guardian – Terry Smith is not the first person to calculate how much poorer shareholders in Berkshire Hathaway would be if Warren Buffett had extracted fees as greedily as a hedge fund manager – meaning a 2% management fee plus 20% […]

Reuters – France’s finance minister Christine Lagarde is set to dash hopes of an imminent deal on EU hedge fund rules when she meets finance ministers in Brussels this week, said sources with direct knowledge of the matter. France’s refusal […]

Bloomberg – Michel Barnier, the European Union’s financial services commissioner, said he would push for a quick agreement on hedge fund rules, that would include provisions for a so-called passport. The passport idea, which would allow hedge funds to register […]

Reuters – It’s rare for a Wall Street firm to sack a tenth of its workforce in one go. In finance, the compact between employers and their bankers and traders is simple: work hard and get paid well. But any […]

Sydney Morning Herald – Confession: I manage a hedge fund. Since the global financial crisis (GFC) descended on the world, hedge funds, and those that manage them, have developed rather a bad name. While it’s true hedge funds are guilty […]

Investment Week – French MEPs may veto the Alternative Fund Managers Directive (AIFMD) including a key provision for passporting of investment products, which would allow fund managers to sell products across Europe. This could have a serious knock-on effect as […]

Telegraph – Clients withdrew a net $600m (£380m) over the past three months, with a $100m inflow from institutional investors offset by private investors departing. The net outflow represented an improvement on the previous quarter, the group said, but added […]

Bloomberg – D.E. Shaw & Co., the New York-based hedge-fund firm that lost investors after limiting withdrawals in 2008, fired about 150 employees, two people familiar with the cuts said yesterday. The dismissals represent about 10 percent of the workforce, […]

HFMweek – The £900m ($1.4bn) pension fund for UK breakdown company RAC is set to redeem its only hedge fund investment, HFMWeek has learned. The RAC (2003) Pension Scheme, which has around 2000 members, has been investing around 5% of […]