Monthly Archives: January 2012
People Moves: UK University Snaps up Hedge Fund Guru
New York (HedgeCo.net) – In a move that turns the table on the hiring status quo, Strathclyde University has reached out into the world of hedge funds to access talent. In announcing that it has just appointed Daniel Broby as […]
SEC expands inquiry into two Portland hedge funds
Oregon Live – Federal investigators have expanded their inquiry into two Portland hedge funds, last week interviewing investors of Sasquatch Capital who say they have not been able to withdraw their money. Last year, officials from the U.S. Securities and […]
In Latest Insider Trading Cases, Feds Go After Big Hedge Fund Bosses
The Daily Beast – “How does a hedge fund get an edge?” postulates a prominent New York corporate lawyer from a white-shoe firm. “Cheating, that’s how. How do you outperform the market year after year? You can’t, so you cheat.” No wonder […]
Hedge funds may appeal to human rights court
The Independent – Hedge funds with large amounts of Greek debt are reportedly planning to take the government to the European Court of Human Rights in an attempt to prevent Athens from forcing huge losses upon them. The funds have baulked at […]
Hedge fund investors flocking to global macro and relative value strategies
Hedge Funds Review – Hedge fund investors show a preference for macro funds and relative value arbitrage strategies, says Hedge Fund Research. Discretionary and systematic macro funds had highest net inflows in Q4 2011. Global macro and relative value arbitrage strategies […]
Two hedge funds say no material Greek debt holdings
Reuters – Hedge funds Och-Ziff Capital Management and York Capital Management said they do not have a material investment in Greek sovereign debt, and have not been involved in negotiations to restructure the country’s debt. “York’s holdings in Greek Government bonds […]
News Roundup: 7 Hedge Fund Managers and Analysts Charged
“New York (HedgeCo.net) – Obama’s financial fraud task force yesterday unveiled a hedge fund fraud case involving a “club” of high profile NY men, charged with insider trading involving computer company DELL. Of those seven, three people have been arrested, one […]
Fund manager Fidelity attacks executive pay and bonus bonanza
Guardian – Fidelity, one of the biggest investors in the stock market, has spoken out against “over-generous” and “over-complex” boardroom pay and called for shareholders to be given extra powers to vote down cash and share deals. In a move […]
Goldman Sachs Asks for Arbitration in Basis Yield Hedge Fund Lawsuit
Bloomberg – Goldman Sachs Group Inc. (GS) asked a New York state court judge to order arbitration in a lawsuit against the investment bank by Basis Yield Alpha Fund or dismiss the complaint. Basis Yield Alpha Fund, a unit of […]
Man Group Steps Up Cost Cuts as Funds Under Management Fall
Bloomberg – Man Group Plc, the world’s largest publicly traded hedge fund, will reduce pay and eliminate jobs in a plan to reduce costs by about 10 percent as market turmoil prompted clients to withdraw money. The $75 million of […]
Island’s hedge fund industry boosted by increased regulation post Madoff/crisis
Royal Gazette – Bermuda is gaining from heightened regulation of hedge fund managers in Europe in the wake of the Madoff fraud case and global financial crisis. A report by HedgeCo Networks cited Business Bermuda CEO Cheryl Packwood as saying Bermuda’s […]
Hedge Fund Association On The EU Financial Transaction Tax
New York (HedgeCo.net) – The proposed European Union financial transaction tax (FTT) could lead to a significant decrease in cross-border trading of financial instruments in the EU, undermining the single market, according to the Alternative Investment Management Association (AIMA), the […]