Monthly Archives: January 2014
Court dismisses Goldman Sachs hedge fund appeal
Sydney Morning Herald – An Australian hedge fund that lost $US67 million when it bought toxic mortgages from Goldman Sachs is a step closer to having its day in court against the investment bank, after a New York court quashed […]
Hedge Fund Founder Says Income Inequality “A Big Issue”
New York (HedgeCo.Net) – In his annual State of the Union address, President Obama said that, “inequality has deepened” and “economic mobility has stalled.” Obama also promised to tackle economic inequality “with or without Congress.” “Today, after four years of economic growth, corporate profits […]
Hedge funds Scout Capital Management, Joho Capital to close-WSJ
Reuters – Two multi-billion dollar U.S. hedge funds, one of which was Asia-focused, will close, the Wall Street Journal reported late on Thursday. The $6.7 billion Scout Capital Management LLC and $5 billion, Asia-focused Joho Capital LLC notified investors this […]
Collector Ron Pizzuti: Follow Your Heart, Not A Hedge Fund
Forbes – Last week, Kelly Crow, Sara Germano and David Benoit at the Wall Street Journal wrote about the way in which hedge fund art collectors “arguably influence the prices and popularity of the world’s top artists–from mainstays like Claude Monet to […]
Goldman Sachs, hedge fund billionaire back $27M social impact bond
CNBC – Goldman Sachs, hedge fund billionaire John Arnold and other philanthropic partners funded the largest ever social impact bond Wednesday, a $27 million effort to prevent young men in Massachusetts from going back to jail or prison. Social impact […]
Legg Mason Affiliate Charged With Cross Trading, Defrauding Clients
New York (HedgeCo.Net) – A California-based investment adviser has been charged by the SEC for concealing investor losses that resulted from a coding error and engaging in cross trading that favored some clients over others. Western Asset Management Company, which […]
SEC Issues Risk Alert For Hedge Fund Advisers
New York (HedgeCo.Net) – The SEC’s Office of Compliance Inspections and Examinations (OCIE) has issued a 10 page Risk Alert (pdf) on the due diligence processes that investment advisers use when they recommend or place clients’ assets in alternative investments […]
Hedge Funds Sniff for Even Bigger Payouts From Banks
NYT – One of the biggest bets on Wall Street rests on a theory that also deeply unsettles Wall Street. The provocative theory is that the big banks have not paid enough in recent legal settlements to make amends for […]
German Fin Min worried about hedge-fund risks in EU bank plans
Reuters – German Finance Minister Wolfgang Schaeuble said on Thursday he was worried that European Commission proposals on isolating hedge fund risks do not go far enough. “I am a bit worried that the Commission’s proposals on the isolation of […]
Sebi’s new FPI norms could hit inflows from hedge funds, NRIs
The Economic Times – Indian capital markets could be starved of fund flows from non-resident Indians or NRIs and global hedge funds under the new regulatory regime for Foreign Portfolio Investors (FPIs) put in place by the capital market watchdog. FPI regulations released by the […]
Hedge fund’s $250 million bet values Alibaba at up to $200 billion
CNBC – A rising hedge fund star has made a big bet on Chinese e-commerce site Alibaba, believing the company will be worth at least $200 billion when it goes public. Glade Brook Capital Partners, the hedge fund firm founded in […]