Monthly Archives: January 2011
Key difference between venture capitalists, hedge fund managers
Boston.com – Donovan Slack (“Tax break favors the high-fliers,’’ Dec. 29) and Steven Syre (“A plan worth loving,’’ Dec. 31) have written excellent pieces in the Business section on the unusually low tax rate (15 percent) paid by hedge fund […]
Hedge funds post gains in 2010
International Business Times – Trade publication HFN reported that by end of 2010, hedge funds assets under management reached $US2.4 trillion after raking in a total of $US79.5 billion in the last 11 months from metal and emerging market ventures. […]
Goldman Investment in Facebook May Draw SEC Scrutiny
Bloomberg – Goldman Sachs Group Inc.’s plan to offer clients up to $1.5 billion in Facebook Inc. equity may invite U.S. regulators to take a closer look at whether the owner of the world’s most popular social-networking site is circumventing […]
WTP Advisors Acquires Hedge Fund Provider Sala Associates
New York (HedgeCo.net) – Hedge fund tax and business advisory firm, WTP Advisors has acquired hedge fund provider Sala Associates LLC. Sala Associates will now become WTP Capital Markets. “There is a growing need for business experts who can manage the operations side […]
Hedge funds toast a year of solid returns
Sydney Morning Herald – After two years of client withdrawals and pressure from regulators, hedge funds performed strongly this year, fuelled by successful bets on metals and emerging markets. The hedge fund industry, heavily criticised for gambling on the collapse […]
Sussman top donor in Maine politics
Portland Press – S. Donald Sussman, the billionaire hedge fund manager engaged to Democratic U.S. Rep. Chellie Pingree of Maine, was the top individual donor to Maine political causes in 2010, according to state campaign finance reports. Sussman contributed about […]
Wall Street Warms to China Story
WSJ – China has been important to global economic growth for years, of course. The country likely emerged as the world’s second-largest economy in 2010. It is expected to show close to 10% growth in both 2010 and 2011. Until […]
John Paulson stages a dramatic last-minute rally
FierceFinance – Earlier this year, there was plenty of reason to think hedge fund honcho John Paulson’s funds would take a beating for all of 2010. Most of his funds were lagging, with the exception of his gold fund. But now […]
Hedge fund manager gives up rat race to follow vineyard dream
Telegraph – “I know it will be a lot of hard work,” he said. “It’s a total life change. I know nothing about wine. I’ve just drunk a lot of it. But I have an opportunity to do something totally […]
Hedge fund boss John Paulson to collect £800million
The Daily Mail – Multi-billionaire US hedge fund manager John Paulson, who pulled off one of the biggest coups in Wall Street history when he made £2.3bn by betting against the sub-prime housing market, is showing the Midas touch again […]
Hedge Funds Extend Gains, but Insider Probe Swirls
WSJ – Hedge funds notched another run of gains in 2010. But as the year closed, a wide-ranging insider-trading investigation spooked the industry and cast a cloud that will loom in the months ahead. In 2010, hedge funds on average […]
Two Hedge Funds Charged Under SEC Rule Prohibiting Short-Selling
In one case this week, the SEC charged Los Angeles-based AGB Partners LLC and its principals Gregory A. Bied of Boise, Idaho, and Andrew J. Goldberger of Santa Monica, Calif., finding that they netted thousands of dollars in improper profits […]