Category Archives: HedgeCo News
Geithner Wants Federal Supervision of Hedge Funds, Private Equity Firms
New York (HedgeCo.Net) – If Treasury Secretary Timothy Geithner gets his way, hedge funds and private equity firms will be placed under the supervision of the federal government. “Over the past 18 months, we have faced the most severe […]
IRS Offers Deal to Tax Evaders
New York (HedgeCo.Net) – Wealthy Americans who have been hoarding cash overseas and failing to pay Uncle Sam are getting a break, as the Internal Revenue Service unveils a plan that will greatly reduce their penalties. The idea comes a […]
Peter Madoff’s Assets Frozen In Investor Lawsuit
New York (HedgeCo.Net) – Peter Madoff, brother of convicted Ponzi schemer Bernard Madoff, had his assets temporarily frozen by a New York State Judge yesterday. The Chief Compliance Officer of Bernard L. Madoff Investment Securities LLC was sued by an […]
AIMA Supports New US Treasury Investment Program
West Palm Beach (HedgeCo.net) – Todd Groome, Chairman of the Alternative Investment Management Association (AIMA) said in a statement regarding the Public-Private Investment Program announced by Tim Geithner, "It shows that there is recognition among policy makers at the highest […]
New Legislation Proposed, Raising Hedge Fund Issues
West Palm Beach (HedgeCo.net) – Carried interest legislation is being considered at the federal, state and local level, raising significant local and international tax issues. Carried interests, which form an essential element of business in almost every section of the […]
Obama Outlines Toxic Asset Plan – Pressure is on Private Investors, Hedge Funds
New York (HedgeCo.Net) – The Obama administration has unveiled its much anticipated program aimed at clearing toxic assets from the books of U.S. banks and finding a middle ground between inaction and nationalization. By financing the purchase of up to […]
UBS sees hedge fund assets shrinking
Reuters – Hedge fund assets will continue to shrink this year, falling as much as two-thirds from their 2007 peak, but investors will return and assets will rebound when the economy revives, Alex Ehrlich, global head of prime services at […]
“Hedge Fund Homeboys”
Press Release – CASTLE AND BECKETT UNCOVER THE DARK SIDE OF PREP SCHOOL TEEN CULTURE WHEN A BODY TURNS UP IN CENTRAL PARK, ON ABC’s "CASTLE" Air Date: Monday, March 23, 2009Time Slot: 10:02 PM-11:00 PM EST on ABCEpisode Title: […]
Record Hedge Fund Closures in 2008 From Madoff, Other Losses
New York (HedgeCo.Net) – Over $84 billion worth of U.S. hedge funds shut down last year, compared to just $18.7 billion in 2007, according to the latest data published by Absolute Return Magazine, a unit of HedgeFund Intelligence. More than […]
February Hedge Fund Performance
West Palm Beach (HedgeCo.net) – Morningstar reported a sharp decline in credit and equity markets as the U.S. government announced its stimulus package and financial stability plan. February saw a huge sell-off in U.S. and European bank stocks caused by […]
NY State Pension Fund Linked to Millions in Kickbacks from Private Equity, Hedge Funds
New York (HedgeCo.Net) – Two high-ranking men who worked in the New York State comptroller’s office were arrested yesterday after it was discovered they took millions of dollars in kickbacks from private equity and hedge funds, said Attorney General Andrew […]
Cayman Islands Extends Tax Cooperation Assistance to Seven New Countries
George Town, Grand Cayman – The Cayman Islands Government today announced the extension of comprehensive tax information assistance to seven new countries, under provisions in the Tax Information Authority Law introduced in 2008, which do not require a bilateral […]