Tag Archives: rsquo
Meiji Yasuda, With $244 Billion, to Cut Hedge Funds Holdings
Bloomberg – Meiji Yasuda Life Insurance Co., with 23 trillion yen ($244 billion) in assets, said it will cut its investments in hedge funds this year as it switches to investments with steadier returns. Japan’s third-largest life insurer will reduce […]
Appeals Court Dismisses Fraud Charges Against Hedge Fund Advisor Hennessee Group
HedgeCo.net (West Palm Beach) – The U.S. Court of Appeals affirmed a district court’s decision that also dismissed a securities fraud case against New York-based hedge fund investment adviser Hennessee Group LLC. Judge Colleen McMahon of the U.S. District Court […]
Ex-Fortress H.K. Head Plans Hedge Fund, Document Says
Bloomberg – Stanley Ku, former head of Fortress Investment Group LLC’s Hong Kong office, plans to start an Asia- focused hedge fund to profit from macroeconomic developments, according to a marketing document given to potential investors. Minerva Macro Fund, to […]
J.Michael Miller To Develop Bandon’s Intermediary Market, Flagship Hedge Fund Anniversary
HedgeCo.net (West Palm Beach) – Alternative investment management company, Bandon Capital Management, LLC, has hired J. Michael Miller as Managing Director responsible for the development and management of the financial intermediary market. Miller has over 25 years of experience in […]
K+S, Potash Sellers Sink as Rival’s India Contract Roils Market
Bloomberg – K+S AG, Europe’s largest maker of potash for fertilizers, and competitor Israel Chemicals Ltd. fell in local trading after a Russian rival’s contract in India prompted speculation that prices will come under pressure. The drop mirrors declines at […]
Boris Johnson is right: the EU’s hedge fund rules will destroy the City
Telegraph.co.uk – The City is staring into the abyss. If the proposed EU directive on hedge funds goes through, London will go the way of Bruges, Venice and Amsterdam: a once dominant financial entrepôt sidelined by more virile cities. This, […]
Penjing’s Wu to Expand Seeding of New Hedge Funds
Bloomberg – Ronnie Wu, chief investment officer of the $400 million hedge fund of funds house Penjing Asset Management Ltd., will start a pool of money dedicated to providing early investments to new hedge funds next month. It aims to […]
Madoff trustee seeks $1 billion from Cayman hedge fund
Caribbean Net News – The trustee liquidating Bernard Madoff’s investment-advisory business has asked a judge for a default ruling against Harley International Ltd, arguing that the Cayman Islands hedge fund failed to respond to a lawsuit accusing it of taking […]
Alternative Investment Draft Directive ‘Needs Major Surgery’ – Paul Myners at AIMA Meeting
HedgeCo.net (West Palm Beach) – Paul Myners, the UK Financial Services Secretary to the Treasury, speaking at an Alternative Investment Management Association (AIMA) event this morning in London, said, “the UK is not in the business of blocking more stringent […]
Could E.U. Hedge Fund Plans Cause a Cold War?
New York Times Blogs – A move by the European Commission to adopt proposed regulation for hedge funds could end up igniting a transatlantic regulatory war, one of Britain’s hedge fund veterans warned in an interview with The Financial Times. […]
Hedge-Fund Industry 2.0 Is Already Taking Shape: Matthew Lynn
Bloomberg – There are signs of life returning to the hedge-fund industry. Assets under management are rising. New funds are being launched. Some are even making money. Reports of hedge funds’ demise are exaggerated even if it isn’t quite time […]
State Street Report Examines Hedge Fund Industry Challenges – Preview
HedgeCo.net (West Palm Beach) – State Street Corporation released two papers on alternative investments as part of its Vision series of thought-leadership reports. The papers examine two key components of alternative investments, hedge funds and private equity, and their future […]
