Category Archives: Syndicated
Ahead of the Bell: SEC, CFTC to ‘harmonize’ rules
MSN – Two agencies with oversight of the financial markets are trying to coordinate their regulations to eliminate differences involving similar types of investments and instruments. The Securities and Exchange Commission, the government’s primary markets watchdog, and the Commodity Futures […]
Smart Money Analysis-Paulson’s AngloGold bet points to inflation
Reuters – Billionaire hedge fund manager John Paulson’s big stake in AngloGold Ashanti is a strand of his heavy exposure to gold and not designed to gain from the slim chance of a merger bid. Before making billions of profits […]
London Mayor to Urge EU to Relax Plan for Hedge-Fund Scrutiny
London officials including Mayor Boris Johnson will today urge the European Parliament to modify proposals to tighten scrutiny of hedge funds and buyout firms, calling the steps “narrowly protectionist.” Bloomberg – The rules under consideration in Brussels would limit the […]
Cerberus dismisses talk of fund defaults
The Washingtom Post – Cerberus Capital Management LP on Tuesday dismissed market speculation that some of its hedge funds, which have suffered losses and heavy redemptions, are in danger of default. Traders in London and Frankfurt were buzzing with talk […]
Bridgewater remains largest hedge fund firm, AR survey finds
MarketWatch – Soros Fund Management had $24 billion in assets at the start of July, up more than 14% from the end of 2008 and more than 41% from a year earlier. That made the firm the fifth-largest in the […]
Och-Ziff, Bain to Resume Performance Fees in 2010
Bloomberg – Och-Ziff Capital Management Group LLC and Bain Capital LLC plan to charge performance fees on hedge funds next year even if they fail to recoup their 2008 investment losses. Most hedge funds don’t levy the fees, usually 20 […]
Mizuho Corp aims to boost size of CTA fund to $1 bln
Reuters – Japan’s Mizuho Corporate Bank said it aims to expand the size of a hedge fund managed by its U.S. unit eight times over to 100 billion yen ($1.1 billion) in five years by attracting money from domestic pension […]
Bad Boy of Hedge Funds
Forbes – Polygon’s Reade Griffith is a poster child for what’s wrong with the hedge fund industry these days. A year ago, Griffith, heading into a disastrous year where he wound up losing 48%, gated investors, barring them from yanking […]
EBay to sell Skype to private investors: report
Reuters – Internet auction and services company EBay Inc has reached a deal to sell its online telephony unit Skype to a group of private investors, the New York Times said, citing two people briefed on its plans. Andreessen Horowitz, […]
Citadel scraps plan to sell E-Trade stock
CNBC – Private equity firm Citadel Investment Group LLC said Monday that one of its affiliates has canceled a plan to sell a portion of its stake in retail brokerage firm E-Trade Financial Corp. Under a previously announced plan, Chicago-based […]
Funds of hedge funds fight back after Madoff
Reuters UK – The fund of hedge funds industry is being forced to reinvent itself after the Madoff scandal and hefty client outflows, and will emerge from the crisis smaller but in better shape than many had expected. Investors pulled […]
US takes row over EU hedge funds directive to Brussels
A delegation of American congressmen is flying into Brussels this week to dispel mounting trade tensions between the US and Europe over hedge funds. Worries centre on the European Commission’s directive on alternative investment fund managers. The hedge fund industry […]