Category Archives: Syndicated
Group Backs Mandatory Hedge Fund Registration
New York Times Blogs – The compulsory registration of hedge fund managers was backed by a global regulatory body on Monday in an effort to restore investor confidence. The International Organization of Securities Commissions, representing regulators from more than 100 […]
Soros says worst of global crisis is ‘behind us’
Reuters – The worst of the global economic crisis is over, multi-billionaire financier George Soros told Polish news channel TVN24 on Sunday urging the creation of international regulations to oversee global markets. "Decidedly the worst (of the crisis) is already […]
Hamilton Lane to manage $250m growth capital fund of funds for Florida
AltAssets – Florida’s State Board of Administration has launched a $250m growth capital fund of funds that will invest in technology and growth-related businesses with a presence in the US state. The Florida Growth Fund, to be managed by private […]
Hedge fund firm eyes carbon
Stuff – Hedge fund firm Pure Capital plans to launch a range of funds, including products playing food and carbon markets. Anthony Limbrick, chief investment officer of the New Zealand-based firm, told Reuters the Pure Carbon fund, which will be […]
ECB’s Bini Smaghi wants hedge fund, inv bank regulation
Forbes – There should be regulation for areas which have previously been excluded from supervision such as hedge funds, investment banks and derivatives, European Central Bank Executive Board Member Lorenzo Bini Smaghi said on Friday. ‘There is no problem of […]
Switzerland Investigates Santander
Wealth Bulletin – Geneva’s public prosecutor said he has launched a criminal investigation into allegations that Banco Santander SA’s hedge-fund unit misled investors when it funneled their money into Bernard L. Madoff’s Ponzi scheme. The formal investigation was opened following […]
Volkswagen hedges offset lower Porsche earnings
Guardian.co.uk – Big gains on derivative bets linked to Volkswagen shares offset a decline in nine-month earnings at Porsche SE’s core sports car business, the heavily indebted holding company said on Friday. Porsche, scrambling to shore up its tattered balance […]
Hedge funds to shape up as investors crack the whip
Reuters UK – Hedge funds are going to have to dance to their investors’ tune once more as lucrative profits fall and a new breed of clients begins flexing its muscles, demanding more results from managers. Institutional clients, a growing […]
CIC Said to Invest $500 Million in Hedge Funds, Blackstone
Bloomberg – China Investment Corp., the nation’s $200 billion sovereign wealth fund, may invest as much as $500 million in hedge funds including those run by Blackstone Group LP, said two people familiar with the matter. CIC aims to allocate […]
Fund managers eye hedge fund stress tests
Reuters – Fund managers need to stress-test worst-case scenarios more rigorously before investing in hedge funds, industry participants at a hedge fund conference said on Thursday. Many existing stress tests, used to gauge how funds will perform in extreme market […]
Lake Shore Asset Management chief Philip J. Baker indicted
Chicago Tribune – Federal prosecutors have unsealed a wide-ranging indictment against Philip J. Baker, accusing the head of Chicago-based hedge fund Lake Shore Asset Management Ltd. of defrauding hundreds of investors out of roughly $312 million. U.S. Atty. Patrick Fitzgerald […]