Archive for October, 2011
A Guide to Technology Outsourcing for Hedge Funds
Hedge funds are looking to expand their offerings and enhance productivity in today’s economy, and one means for this is outsourcing. The 24-page guidebook, A Guide to Technology Outsourcing for Hedge Funds,was created by Pershing Prime Services and Eze Castle Integration to serve as a roadmap for hedge fund managers looking to understand the various options [...]
Fall 2011 M&A Hedge Fund Industry Outlook
Madison Street Capital’s Asset Management Industry Focus Group released its Fall 2011 Merger and Acquisition (M&A) Outlook- Hedge Fund Industry, focusing on the current deal environment, buyer/seller considerations, minority interest investments and future M&A drivers. “The transaction activity in the hedge fund industry, as indicated by both the number and size of completed transactions, can best [...]
Goldman Sachs Director Faces Charges In Hedge Fund Insider Trading Case
One of Goldman Sachs’ former directors, Rajat Gupta, is turning himself over to the FBI today, the Guardian reports. Gupta faces insider trading charges as an unindicted co-conspirator in the criminal case against hedge fund manager Raj Rajaratnam. So far he denies any wrongdoing. “Any allegation that Rajat Gupta engaged in any unlawful conduct is totally baseless.” [...]
The Top 5 U.S. Equity Hedge Funds
The latest Top 200 U.S. Equity Hedge Fund list reveals that the top 200 hedge funds oversee a combined $673 billion in assets under management, according to HedgeTracker. While the top 5 hedge funds from last quarter held securely onto their previous rankings, hedge funds farther down the Top 200 Hedge Fund List saw their rankings [...]
Will The Dodd-Frank Act Impact Hedge Fund Bonuses?
More than six in 10 (62%) of hedge fund employees surveyed by eFinancialCareers.com expect their bonus this year will be higher or the same in comparison to the bonus they earned in 2010. The Dodd-Frank Act continues to remain rooted in the minds of financial markets professionals. Asked about the recent layoffs on Wall Street [...]
Hedge Fund Launch: The Man Long-Short Fund
Hedge fund provider with $65 billion in assets under mamagement, Man Group plc, has launched a new long/short equity fund of hedge funds (FoHF). “Equity investing has evolved since the 1970s from mutual funds, to style box investing, ETFs, and short-extension strategies. While long/short equity is not a new strategy it has now become a widely [...]
Hedge Fund Attorney Chris Vernon Wins Florida Award
Chris Vernon, of the Naples based law firm Vernon Healy that represents clients facing financial litigation and arbitration, was named this week as Best Lawyers’ 2012 Bet-the-Company Litigation Lawyer of the Year for the Naples and Ft. Myers Region. Vernon and his firm handle financial litigation and arbitration matters nationwide, though he is best known [...]
BNY Hedge Fund Whitepaper: ‘Filling the Void: Transparency and the Rise of Custodian Banks’
In a new opinion piece, BNY Mellon CEO of Alternative and Broker-Dealer Services Brian Ruane argues that recent industry and economic events will see custody banks continue to play a larger role providing services to hedge funds that previously were the sole domain of prime brokers. The paper, ‘Filling the Void: Transparency and the Rise [...]
Hedge Fund Association to Hold Latin American Event at New York’s Pierre Hotel
The Hedge Fund Association (HFA) is launching its new Latin American Chapter at the Pierre Hotel in New York City (2 East 61st Street at Fifth Avenue) on October 6th, 2011 at 5 p.m. RSVP The HFA Symposium, entitled “Opportunity in Latin American Funds,” will focus on issues faced by the Latin American alternative investment [...]
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