Monthly Archives: March 2009
Kids Beating the Market While Hedge Funds Struggle
West Palm Beach (HedgeCo.net) – Despite the credit crunch, sixth formers at Sunningdale Preparatory School, near Ascot, Berkshire, have entered funds into a virtual trading competition… and their early efforts are beating the market. Far from being discouraged by the […]
Fortress Investment has bigger quarterly loss
Reuters – Fortress Investment Group LLC , one of the few publicly traded U.S. alternative asset managers, said on Monday its quarterly loss more than quadrupled, hurt by writedowns in some private equity funds. The net loss was $140 million, […]
Financial watchdog out to clip the hedge funds
Times Online – Secretive hedge funds will eventually be subject to the same supervisory rules as banks, under a tightening of Britain’s system of regulation. The changes, which will require banks and other lenders to build up their reserves in […]
Hedge Fund Corporate Welfare
TPMCafé – Last November, Ken Griffin told investors in his Citadel Hedge Funds that they couldn’t withdraw their money, but he was still going to charge a 2% management fee on their trapped funds. Oren Kramer a rival hedge fund […]
Euro shares rise for 5th session
Business Spectator – European shares jumped for a fifth straight session on Monday, led higher by financials, as investor sentiment improved following further assurances over the health of the US banking sector. At 0948 GMT, the FTSEurofirst 300 index of […]
From Hudge Fund Lord To Part-Time Reporter
Gawker – Ron Insana left CNBC three years ago to run a hedge fund. Like Lou Dobbs and Steven Rattner before him, he learned that actually succeeding in business is not as easy as covering success in business. So now […]
G20 to discuss hedge fund crackdown
This is Money – ‘The big principle to come out of this is we have to care about things that are systemically important, and if necessary regulate them – and that includes hedge funds,’ said one UK official. It marks […]
Hedge funds accept controls
The Columbus Dispatch – The hedge-fund industry, battered and humbled by the market downturn, no longer is planning to fight an increased role for government in regulating and inspecting the secretive investment pools. Opposition has melted away as the […]
Independent Fund Administration Service Expanded to the U.S.
New York – Trident Trust is expanding its fund administration service to the U.S. to cater to domestic hedge and private equity funds. The new U.S. office offers clients access to Trident Trust’s three decades of experience providing independent corporate, […]
SEC draws flak for decision to contact (hedge fund) clients directly
Wealth Bulletin – The Securities and Exchange Commission’s decision to expand its examination of advisory firms to include contact with clients has irked the advisers, according to an investmentnews report. The advisers fear that their clients might panic and get […]
UBP Makes Offer to Madoff Victims
New York Times Blogs – Swiss private bank Union Bancaire Privée, one of the largest European hedge-fund investors, offered Thursday to buy back $700 million of its clients’ Bernard L. Madoff-related investments at half what they originally paid. The bank, […]