Bloomberg – Finnowave Investments, a Japanese hedge-fund firm, aims to quadruple assets to 100 billion yen ($1.2 billion) in about two years after it won a license to manage funds, making it easier to lure local pension money. Finnowave obtained […]

Washington Post – The financial regulation law signed by President Obama on Wednesday will arguably affect no federal agency more than it does the Securities and Exchange Commission. The SEC is required to issue 95 new regulations governing a wide […]

CNN – The trustee overseeing the liquidation of convicted fraudster Bernard Madoff’s investment firm has expanded his lawsuit in U.S. bankruptcy court, setting his sights on one group of hedge funds in particular. Irving Picard amended his suit — initially […]

Seeking Alpha – Previous articles described the conflict between institutional investors in closed-end funds and the managers of those funds. Discount reduction measures can benefit shareholders, but they reduce the managers’ fees and profits. So far this year at least […]

European Voice – Negotiators from the European Parliament believe that they may be close to breaking a deadlock with the Council of Ministers over proposals to tighten the EU’s regulation of hedge funds. The proposals for EU-wide rules on management […]

CityWire – Swiss banking giant Credit Suisse has become the latest entrant into the rapidly expanding Newcits market with the launch of its first Ucits III-compliant fund of hedge funds. The Luxembourg-domiciled Credit Suisse Solutions (Lux) Prima Multi-Strategy fund is […]

Bloomberg – By forcing Goldman Sachs Group Inc. to admit a “mistake,” U.S. regulators may be signaling a more confrontational approach to future settlements that could expose Wall Street to more investor lawsuits. In its $550 million accord with Goldman […]

Bloomberg – Federal regulators may find it difficult to determine whether hedge funds pose risks that could threaten the U.S. economy and what the government should do to rein in industry trading practices, Securities and Exchange Commission Chairman Mary Schapiro […]

Reuters – Cheyne Capital partner Cem Habib, one of London’s most high-profile hedge fund managers, has left the firm to work in a private equity role with a Kazakhstani investment bank. Turkish-born Habib, who joined Cheyne last year through its […]

NYT – Pity the typical hedge fund manager. Sure, he (or occasionally she) had a bad 2008. But the average fund returned nearly 20 percent in 2009. With investors also regaining their composure last year, hedge fund managers would have […]

WSJ – Hedge fund service provider LaCrosse Global Fund Services said Monday it has agreed to buy Bank of America Merrill Lynch’s global alternative fund administration business for an undisclosed amount, bringing its assets under administration to $21 billion. Prior […]

Bloomberg – Trivest Advisors Ltd., led by former State Street Global Advisors Inc. fund manager Wu Huimin, raised $93 million for its first hedge fund, said three people with knowledge of the matter. The equity long-short fund, run by Wu […]