Category Archives: Syndicated
HNWIs cool on allocation to hedge funds
Hedge Funds Review Magazine- In early 2007 HNWIs bet heavily on riskier asset classes. However further into the year, financial market turmoil and economic uncertainty intensified and HNWIs began to shift their investments to safer, less volatile asset classes. Exposure […]
Borges named chairman of hedge fund rules board
Reuters- Antonio Borges, a former senior banker at Goldman Sachs, has been appointed chairman of the Hedge Fund Standards Board (HFSB), the custodian of the voluntary standards scheme devised by leading members of the sector. Borges, vice chairman of Goldman […]
Paramount Financial Planners owner gets 40 months for fraud
Columbus Dispatch- The owner of a former Columbus financial company that lost more than $8.3million of investors’ money will pay for his crimes with 40 months in prison, a federal judge ruled today. Judge John D. Holschuh ordered the […]
CAAM says Brazil best Latin American bet
Reuters- Investors betting on Latin America should be overweight Brazil, the region’s top economy, at the expense of exposure to Argentina, Mexico and Chile, a Credit Agricole Asset Management (CAAM) executive said on Monday. They should also be overweight the […]
Former Brahman Capital Execs to Form Hedge Fund
Black Enterprise- A team of young managers formerly with hedge fund Brahman Capital is preparing to launch a fund in August to focus on Western European turnaround situations, the firm’s founder said. Cara Goldenberg, a 27-year-old former star investor and […]
New York Commits to Private Equity, Hedge Funds
FINalternatives- The $154.5 billion New York State Common Retirement Fund last month made commitments to a trio of hedge fund and private equity managers. The CRF committed €150 million (US$233 million) to CVC European Equity Fund V and $50 million […]
Blackstone, GSO Capital Partners acquire stake in Crestwood Midstream Partners
RTT News- Pipeline company Crestwood Midstream Partners LLC said Wednesday that Blackstone Group and its hedge fund GSO Capital Partners L.P. have acquired ownership interests in the company. Houston, Texas-based Crestwood noted that as part of the deal, Blackstone and […]
Harneys announces merger with Cayman Islands firm
Legal Business Online- Offshore law firm Harney Westwood & Riegels has announced a merger with Cayman Islands firm CS Gill & Co. The merged firm, trading under the Harneys banner, will open in CS Gill’s existing premises in the Genesis […]
Japan relaxes tax rules to draw more foreign funds
TOKYO, June 27 (Reuters) – Japan has relaxed its tax code so foreign asset managers and hedge funds can avoid dual taxation, as part of Tokyo’s push to revive itself as a global finance centre. In a two-step process that […]
High Court rejects hedge fund Expro deal block
Daily Telegraph- The High Court has rejected an audacious last-gasp bid by hedge funds to block Candover’s £1.8bn bid for oil services group Expro. Hedge funds holding around 25pc of Expro – led by Mason Capital and Sandell Asset Management […]
J-Power Wins Shareholder Vote on Payout, Defeats TCI
Bloomberg- J-Power shareholders defeated a proposal by U.K. hedge fund TCI for the company to double its dividend, ending a monthlong proxy battle and sending the stock to its biggest decline since February. Shareholders of Electric Power Development Co., the […]
House denies alternative minimum tax expansion
Seattle Times- The House on Wednesday approved a plan to protect more than 20 million families from an expensive levy called the alternative minimum tax (AMT) while raising taxes on hedge-fund managers and oil companies. But the measure has little […]