Monthly Archives: March 2010
European Long/Short Equity Fund Launches on Merchant Capital’s UCITS Platform
New York – Merchant Capital, the leading UCITS III platform provider to the global hedge fund industry, has today announced that its first client is now fully operational. Robert Maxwell of Tressis SV (“Tressis”) will act as investment adviser to […]
Traders Seek Out the Next Greece in an Ailing Europe
NYT – Is Spain the next Greece? Or Italy? Or Portugal? Even as Greece pledged anew on Wednesday to rein in its runaway budget deficit, briefly easing the anxiety over its perilous finances, traders on both sides of the Atlantic […]
Hedge fund dinner party sparks U.S. euro probe
Reuters – Little-known brokerage firm Monness, Crespi, Hardt & Co has long toiled in the shadows of Wall Street, but the boutique suddenly has been thrust into the limelight because of an “ideas dinner” it sponsored last month for a […]
UBS, Galleon, Deutsche Bank, Cazenove in Court News
Bloomberg – UBS AG and Ernst & Young LLP won a Luxembourg court ruling potentially nullifying hundreds of claims by investors who lost money in funds tied to Bernard Madoff’s fraud. Luxembourg’s commercial court said in a ruling today concerning […]
Actually, Hedge Funds Should Be Very, Very Worried About The Euro Collusion Charge
Business Insider – Hedge fund managers have good reason to worry about the charges in the press that they colluded to bring down the Euro. Regulators and lawmakers follow the press on these cases often without regard to their legal […]
People Moves: Agecroft Partners Hires 6th Managing Director
New York (HedgeCo.net) Hedge fund consulting and third party marketing firm Agecroft Partners has hired Tim Savage as its sixth Managing Director. Tim Savage brings over 20 years of relevant professional experience to his new role at Agecroft. Tim’s responsibilities […]
Sources of Capital for Hedge Funds Shift to Pensions, Endowments and Foundations
New York (Hedgeco.net) – The hedge fund industry’s assets increased by $751 billion in 2009 to $1.96 trillion, hedge fund investment adviser, Hennessee estimates. The jump in assets represents a +62% increase since the beginning of 2009 and leaves industry […]
Hedge funds get smart to avoid bonus barriers
Reuters India – Hedge fund investors could be left out of pocket as managers conjure up shortcuts to earn once again the lucrative bonuses based on performance fees that were a feature of the industry before the credit crisis. Despite […]
Reuters Summit – Wall St cops want hedge funds to register
Reuters – Forcing hedge fund advisers to register with U.S. regulators will give Wall Street cops more ways to access information and root out fraud in the secretive $1.5 trillion industry, a U.S. Securities and Exchange Commission official said on […]
Toscafund to launch mid-cap UCITS III fund
Reuters – Hedge fund firm Toscafund, will launch later this month a UCITS III version of its mid-cap fund following demand from private clients, its chief executive said on Tuesday. The UCITS version fund will be launched in mid-March on […]