Boston Globe- A trade group representing hedge funds spent $300,000 to lobby the federal government in the first half of 2007 as Congress debated whether to raise taxes on the industry. The Washington-based Managed Funds Association lobbied against congressional efforts […]

Scotsman- UBS reported a higher-than-expected third-quarter loss after taking hefty writedowns on subprime-related investments but said it expected to turn in a group profit in the last quarter. However, the Swiss bank, which took charges of 4.2 billion francs on […]

Reuters- Funds of hedge funds, which promise to spread the risk of investing in these loosely regulated portfolios, may soon find new customers as investors are again ready to pay more for peace ofmind. “Blow-up risks are the biggest worries […]

Bloomberg- Uranium rose for a third consecutive week as speculators rekindled their interest in the raw material in nuclear reactor fuel, said TradeTech LLC, a publisher of price assessments. The metallic element for immediate delivery rose $4, or 5 percent, […]

Reuters- BH Macro, a hedge fund managed by Britain’s Brevan Howard Asset Management, said on Wednesday it had raised the equivalent of about $131 million (64 million pounds) through a placing of newshares. The fund, which invests in Brevan Howard’s […]

Reuters UK- The 129 million-pound Absolute Return Trust, a fund of hedge funds run by Fauchier Partners, is considering issuing new shares to raise assets, the latest hedge fund vehicle to tap the market. The investment trust’s move, announced in […]

News.com.au – FACEBOOK, the social network website, is holding discussions with hedge funds and private-equity investors to raise $US260 million ($286 million) in financing, the Wall Street Journal reported overnight. The report of the talks for additional funding comes a […]

CityWire.co.uk- Thames River’s head of fund of hedge funds, Ken Kinsey-Quick, is set to soft-close the group’s Warrior and Warrior II funds. Both funds are approaching the $750 million (£365 million) mark and Thames River has decided to cap them […]

Hedge Funds Review Magazine- Investors are being unsuspectingly exposed to long-bias portfolios or high-beta strategies, according to the managers at Cartesian Capital, the Edinburgh-based investment boutique. They believe many managers simply use index futures as the ‘short’ element of their […]

Telegraph.co.uk- Philip Richards, head of Northern Rock’s biggest shareholder, says the best solution for the bank would be the least newsworthy one. Listening to the head of one of London’s biggest hedge funds publicly welcoming closer scrutiny of the industry […]

Bloomberg- House Ways and Means Committee Chairman Charles Rangel said he will propose a $48 billion tax increase on executives of hedge funds and private-equity firms to help pay for curbing thealternative minimum tax this year. The New York Democrat […]

Moneyweb- Merrill Lynch & Co, the world’s largest broker, plans to start offering prime-broking services to South African hedge funds to tap increasing growth.       New York-based Merrill Lynch will vie with local brokerages including those of Peregrine Holdings, Investec […]