Reuters – The hedge fund industry’s latest attempt at making nice with U.S. securities regulators appears to involve going out and hiring former regulators of their own. In recent weeks a handful of former top U.S. Securities and Exchange Commission […]

Market Watch – Northern Trust  announced today it has successfully migrated the investment operations for Hermes Fund Managers, a leading multi-boutique asset manager offering investment solutions to institutional clients globally, to the Northern Trust platform. With the migration complete, Northern […]

Reuters – Fund managers who charge clients for their asset-picking skills are facing an intense competitive squeeze as growth in new client money dwindles and performance is laid bare by the death of boom markets. This was the message at […]

Bloomberg – Japanese hedge-fund startups are beginning to attract the interest of overseas investors as the nation’s industry has the best performers this year, according to Futoshi Ago at Bank of America Corp. New hedge funds set up by managers […]

NYT – Finally, Gov. David A. Paterson and legislative leaders have found something they can agree on: that hedge fund managers from Connecticut and New Jersey should pay the state of New York millions more in taxes. As they grapple […]

Bloomberg – Paul Volcker is disappointed with the final version of the rule that bears his name. As first envisioned, the Volcker rule would have banned banks from running private-equity and hedge funds, an attempt to curb risk-taking that fueled […]

NYT – Douglas Clayton arrived in Phnom Penh in 2007 to start a private equity fund, looking to get $100 million in funds under management. His firm, Leopard Capital, started in 2008, is one of four private equity funds here […]

NYT – Recession-hit New York could raise an extra $50 million a year by collecting income taxes from people who work for hedge funds in the state, but live elsewhere, according to a legislative plan to raise revenue, Reuters reported. […]

Bloomberg – Goldman Sachs Group Inc. and Citigroup Inc. are among U.S. banks that may have as long as a dozen years to cut stakes in in-house hedge funds and private- equity units under a regulatory revamp agreed to last […]

Reuters – One of this year’s worst performing hedge funds has axed its manager after big losses and a breach of internal rules, as the industry struggles to reproduce last year’s bumper returns in volatile markets. Switzerland-based investment firm SwissDirekt […]

New York Times – This is not an obvious time to be glorifying financial tycoons. Making enough money to buy your own private island might have earned you an airbrushed magazine cover a decade ago. Nowadays, though, the erstwhile Masters […]

Dow Jones -The Alternative Investment Management Association has voiced concern over taxing larger U.S. hedge fund managers to finance the cost of the financial-regulation bill, saying the industry has been “singled out for more onerous treatment.” The cost of the […]