Category Archives: Syndicated
US Treasury says hedge funds don’t need regulatory clipping
US hedge funds have enjoyed “tremendous” growth and gained more financial muscle, but the trillion-dollar industry of private capital pools doesn’t need fresh regulation, a senior Treasury official said Tuesday. Treasury under secretary for domestic finance, Robert Steel, said US […]
Copycat hedge funds share big boys woes
BOSTON- Hedge funds have risen at an average annual rate of 8.4 percent since 2000, less than half the gains of the 1990s, according to data compiled by Hedge Fund Research in Chicago. Vanguard Group’s flagship mutual fund tracking the […]
Hedge Funds Grow Like Kudzu – Red Herring
CA-Hedge funds seem to be everywhere latelyâ€â€shifting assets into venture capital, capturing headlines, growing assets. Now a study points to a reason: There are lots more of them. The number of single-manager hedge funds increased to 13,675 at year-end […]
Rail pension scheme shifts £540m into hedge funds
Railpen, the giant pension scheme that looks after the retirement savings of 380,000 railway workers, will move at least £540 million into hedge funds this year. In his first interview as chairman of the National Association of Pension Funds (NAPF), […]
Hedge fund queries governance at Gartmore trust
LONDON (Reuters) – Carrousel Capital, an activist hedge fund trying to shake up Gartmore European, a trust run by star manager Roger Guy, said it is concerned about “apparent conflicts of interest” on the trust’s board. Carrousel, which owns 28.03 […]
Permira says hedge funds are serious rivals on bids
FRANKFURT – European private equity group Permira said at the weekend that the growing influence of hedge funds could spoil acquisitions planned by private equity firms in Germany. “Legal protection for minority shareholders de facto works to the advantage of […]
Hedge funds remain attractive regardless of returns – Cayman Net News
According to a number of reports, one of the Cayman Islands’ leading financial products, hedge funds, is not as lucrative as many have supposed, but its popularity remains at an all time high. Noted for the risky and exotic nature […]
Government rejects new rules for hedge funds
WASHINGTON – The Bush administration and top financial regulators pledged increased vigilance over hedge funds Thursday but stopped short of proposing any new regulations to control thetrillion-dollar industry. Instead, the President’s Working Group composed of administration officials and various market […]
SEC derided for limiting investors in hedge funds
Baltimore Sun – A Securities and Exchange Commission proposal to sharply limit the number of Americans who can invest in hedge funds has triggered a public backlash – and the latest controversy over the booming private investment pools. The agency […]
Hedge-Fund Critics Suggest Sending in the Clones
Bloomberg – Feb. 22 (Bloomberg) — Five minutes ago, advisers barnacled to the investment industry were championing hedge funds as balm for the swollen deficits afflicting pension funds. Now, the purveyors of contradictory counsel have decided hedge-fund investments are more […]
McCreevy defends decision not to regulate hedge funds
EurActiv.com – Internal Market Commissioner Charlie McCreevy will not impose specific regulation, despite recent calls by politicians to tighten rules. G7 finance ministers called for vigilance on 10 Feburary 2007 and pointed out the potential risks posed by the fast-growing hedge-fund industry to the stability of […]
Hedge Funds Jump Into Private Equity
BusinessWeek – Hedge fund magnate Steven A. Cohen is running with a new crowd on Wall Street. After hiring a seasoned private equity dealmaker in December, Cohen’s $12 billion SAC Capital Partners teamed up with buyout king Kohlberg Kravis Roberts […]