Tag Archives: hedge funds
Regulator issues hedge fund selection guidance
CityWire.co.uk – The Italian regulator, Consob, has issued guidance to fund of hedge fund managers on the selection of target funds for their portfolios. Over the last few months hedge funds have been subject to constant redemption requests in order to […]
Hedge funds attract $4.5 billion in Aug 2009
New York (HedgeCo.net) – Preliminary reporting from Eurekahedge finds that August marks the 6th consecutive month of positive returns for hedge funds (up 13.1% YTD); hedge funds up 2.6% for the last 12 months, while the MSCI AC World Index […]
Hedge Funds Lag as Equity Market Rally Continues – Hennessee
New York (HedgeCo.net) – There was good economic news in August, specifically housing and manufacturing data, according to hedge fund research specialist Hennessee Group. “Government spending continues to drive demand, while the private sector has been largely absent. This dynamic […]
SEC remains unfit to prevent next Madoff
Sentinel and Enterprise – After Bernard Madoff’s Ponzi scheme collapsed, having bilked charities, hedge funds and retirees of as much as $65 billion, the temptation is to say: “We’ve learned our lesson. That will never happen again.” Barring an overhaul […]
Fairfield settles with Massachusetts for $8 million
Pensions and Investments – Fairfield Greenwich agreed to pay about $8 million to settle charges leveled at the hedge fund-of-funds manager by William F. Galvin, Massachusetts secretary of the commonwealth, in connection with the Madoff Ponzi scheme. In settling, Fairfield […]
Euromoney Launches International Hedge Fund Magazine
West Palm Beach (HedgeCo.net) – International publishing and information company, Euromoney Institutional Investor, is launching a new magazine and online offering covering US and international hedge funds in September. The new publication will be titled “AR”. “The publication will include […]
SAC Hires Back Two Hedge Managers in London Let Go Months Ago
Bloomberg – SAC Capital Advisors LLC, the $14 billion hedge-fund firm run by Steven Cohen, rehired two London money managers nine months after they were let go, according to three people familiar with the situation. David Morant and Ben Halfacre […]
Geneva Funds of Hedge Funds Outflows Outpace Global Redemptions
Bloomberg – Geneva funds of hedge funds have failed to repair the damage caused by market losses and Bernard Madoff as investors withdrew money four times faster than the global average in July. Withdrawals climbed to $2 billion from $500 […]
Dutch pension funds criticise EU hedge fund rules
Reuters UK – The Dutch pension fund sector has joined criticism of a European Union regulatory directive for hedge funds and private equity, saying the new rules may cut investment opportunities and raise costs. The EU’s draft “Alternative Investment Fund […]
Credit Suisse in Preliminary Talks to Buy Mesirow Fund of Funds
Bloomberg – Credit Suisse Group AG held preliminary talks with Chicago-based Mesirow Financial Holdings Inc. about buying its $11 billion business that invests clients’ cash in hedge funds, according to two people familiar with the discussions. Credit Suisse, based in […]
Credit Suisse’s AIR Shows Positive Month for Hedge Funds
West Palm Beach (HedgeCo.net) – Long/Short Equity hedge funds returned positive performance in August mainly as a result of the continued uptrend in equity markets, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse. “Following […]
Some Hedge Funds Still Feel Effects Of 2008 Redemptions
CNN Money – A year after investors began withdrawing money in a panic from hedge funds, the surviving funds seem to fall into two camps. Those funds that were quick to meet redemption requests are, in many cases, beginning to […]