Category Archives: Syndicated
RAB offloads loss-making funds for £1m
Times Online – RAB Capital has agreed to sell Northwest, its loss-making Asia-focused investment business, back to its founding principals for only £1 million in the latest sign of retrenchment by the AIM-listed London hedge fund manager. RAB, which originally […]
Maxam hedge fund sues auditors
Reuters – Maxam, an investment adviser based in Darien, Connecticut, relied on the auditors for their expertise in examining Madoff’s firm, according to the lawsuit filed in Connecticut Superior Court in Fairfield County. The lawsuit, though, said the auditors issued […]
John Paulson Defies Market and Posts Huge Gains
New York Times – While his counterparts at other big hedge funds are trying to figure out whether they can stay in business, the fund manager John Paulson continues to rack up enormous profits. DealBook has obtained Mr. Paulson’s confidential […]
States urge Congress to regulate hedge funds
Reuters – State regulators urged Congress on Thursday to restore their authority to protect investors from fraud in the banking sector and to beef up oversight of hedge funds. Hedge fund advisers should be subject to the same kind of […]
Hedge fund fees are being squeezed
MIGHT two-and-twenty become one-and-ten? Since 1990 the number of hedge funds has grown by 14 times to over 7,000, but abundance has not lowered prices. Funds typically still charge clients a management fee of 2% of assets and 20% of […]
DEALTALK-Not all bad news in hedge funds
Reuters – A handful of hedge funds has resisted the global crisis ravaging their rivals, reaping bumper returns in 2008 in a sign some niche players will always beat the market no matter how dire the outlook. There is no […]
South Carolina lawmakers hedge on stimulus aid
Greenville News – Two key leaders of South Carolina’s Legislature said Friday they would have problems agreeing to accept some of the federal stimulus money passed by the U.S. House if Gov. Mark Sanford decides not to ask for it. […]
Hedge Funds Could Be Forced To Register With SEC Under New Bill
All Headline News – Hedge funds will require registering under a new proposal to regulate the market segment that lost $600 billion in 2008 due to financial crisis, an all time record. Under the bill by two senators today would […]
CME Group’s trading volumes could hinge on government rescue efforts
Chicago Tribune – Government attempts to revive the economy could decide what happens to trading volumes at CME Group Inc. A $1 trillion federal deficit could flood the market with enough government bonds to stabilize volumes, while a Federal Reserve […]