Monthly Archives: June 2011
Hedge funds seek rich pickings from Greek crisis
Reuters – Hedge fund managers are sifting through the rubble of the deepening Greek debt crisis to find money-making opportunities, though political uncertainty makes it a risky business. Executives at the annual GAIM conference in Monaco said they were eyeing […]
The World’s Biggest Hedge Fund vs. Plain Vanilla
WSJ – Hedge funds are back, baby. Our Deal Journal colleagues Michael Corkery and Steve Eder told us today about the world’s biggest hedge fund, Ray Dalio’s Bridgewater Associates, launching a $10 billion investment fund, one of the biggest new […]
SEC gears up to expand private fund oversight
Reuters – U.S. regulators are poised to expand oversight of the roughly $2 trillion hedge fund industry, with the U.S. Securities and Exchange Commission expected on Wednesday to adopt rules requiring private fund advisers to register with the agency. The […]
New SEC hedge-fund rule will be tough to enforce
MarketWatch – The Securities and Exchange Commission will struggle to monitor hedge funds under a long-awaited rule that’s expected to be approved Wednesday, lawyers say. SEC commissioners will vote on adopting a proposal they introduced in November that requires hedge-fund […]
Mark Evans Wins Regional Ernst & Young Entrepreneur Of The Year 2011
New York (HedgeCo.net) – Hedge fund administrator Confluence’s Chief Executive Officer and founder, Mark Evans, has received the Ernst & Young Entrepreneur Of The Year 2011 Western Pennsylvania and West Virginia Award in the Technology category. According to Ernst & Young LLP, […]
Gensler Evolving in Derivatives War Sees No Deed Go Unpunished
Gary Gensler, chairman of the Commodity Futures Trading Commission, took his seat before a Senate appropriations subcommittee on May 4 to make his case for a $106 million budget increase. Without the money, Gensler said, his agency wouldn’t be able […]
Billionaire fund manager sells all of Sino-Forest holding
Globe And Mail – Sino-Forest Corp.’s largest shareholder, the investment firm headed by billionaire U.S. hedge fund manager John Paulson, has bailed out, selling its entire position in the embattled forestry company. Mr. Paulson and his firm, Paulson & Co., […]
Hedge Funds Pare Bullish Peso Bets as Record Rally Fizzles: Mexico Credit
Bloomberg – Hedge funds and other investors are cutting their bullish bets on the Mexican peso by the most in 10 months on concern a slowdown in theU.S. economy will crimp demand for the Latin American country’s exports. Wagers on […]
Hedge Fund Expert-Networker Convicted in Insider Trade Case
San Francisco Chronicle – Winifred Jiau, a former consultant with expert networking firm Primary Global Research LLC, was convicted in the third trial to result from a U.S. government crackdown on insider trading tied to hedge funds. Jiau, 43, of Fremont, California, […]
Fixed income, mortgage-backed, hedge funds notch strong performance in 2011
Opalesque – One of only a handful of bright spots in an otherwise dismal month of May was the performance of fixed income hedge funds – mortgage backed funds in particular. The top three funds in this strategy, as ranked […]
WaMu Trust Preferred Holders Seek to Join Probe of Hedge Funds’ Trading
Bloomberg – A group of Washington Mutual Inc’s creditors, including Black Horse Capital, is seeking to join a probe of four hedge funds accused of using confidential data to trade in the debt of the bankrupt former bank holding company. Lonestar Capital […]