Hedge Funds
SYZ & CO Global High Yield Launch
Swiss banking group SYZ & CO has launched the OYSTER Global High Yield, a new fund of hedge funds investing in high yield fixed income investments. OYSTER Global High Yield is managed by hedge fund, a high yield manager based in the US with an excellent track-record. The fund, run by US group Seix Investment [...]
Sadis & Goldberg Hedge Fund Advisers Tax Alert
Exempt reporting advisers (“ERAs”) must prepare and file Form ADV Part 1A with the SEC and comply with certain other reporting and recordkeeping requirements under the Investment Advisers Act of 1940 (“Advisers Act”), such as §204A (insider trading prohibitions), §206 (anti-fraud provisions) and Rule 206(4)-5 (pay-to-play rules). ERAs are investment advisers to hedge funds and [...]
Hedge Fund People Moves: Man Appoints Yifei Li as Country Chair, China
Hedge fund giant Man Group plc is establishing its presence in China with the appointment of Yifei Li as Country Chair, China. Li has 18 years of senior management experience, having successfully led the expansion of several multinational companies in China. “This appointment signals the importance of China to Man’s future development.” Peter Clarke, Chief Executive [...]
Industry Insight From The Mizuho-Eurekahedge Index
Coinciding with the launch of the Mizuho-Eurekahedge Index, the first Mizuho Eurekahedge Indices Analysis Report has been released. The report examines global hedge funds through the lens of the Mizuho-Eurekahedge Index, which gives a fresh perspective on the hedge funds industry. This is because the new index is what is known as ‘asset weighted’ and [...]
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 [...]
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 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 [...]
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