Posts Tagged ‘Hedge Fund
Merchant Capital’s Long/Short Russia Launch
Merchant Capital Ltd , the UK asset management division of Merchant House Group Plc, has launched the Russian Phoenix UCITS Fund on its UCITS umbrella platform. The hedge fund officially launched on 2nd June 2011 with $40 million of assets under management. “Merchant Capital was an obvious partner in our pursuit of an onshore version [...]
Obama: $21 Billion In New Hedge Funds Taxes
President Barack Obama has suggested that hedge funds and oil companies should pick up the slack with a tax hike in order to cut the deficit. Obama’s proposal would raise hedge fund manager’s taxes by up to $21 billion, according to an estimation by MSNBC. “If we choose to keep those tax breaks for millionaires and billionaires, or [...]
Hedge Funds Report Biggest Monthly Losses Since Lehman Collapse
According to Bloomberg.com, hedge funds lost an average of 2.7 percent in May according to the HFRX Global Hedge Fund Index, as the sovereign debt crisis in Europe prompted declines in stocks, the euro and commodities, and the gap between the yields in U.S. short-term and long-term debt narrowed. This was the biggest decline in [...]
E.U. Moves Ahead with AIFM Directive Legislation
On Tuesday, E.U. finance ministers approved plans to reign in hedge funds with tough new oversight rules, overriding the objections of the UK (and, more specifically, the City of London), where some 80 percent of European hedge funds are estimated to be based. The proposed legislation aims to subject so-called “alternative investment funds” to greater [...]
“Chinese Warren Buffett” Gets ROR for $150k
On April 20, after having been incarcerated beginning in mid-January on charges of running a multi-million dollar Ponzi scheme, Weizhen Tang won his freedom (temporarily) by posting $150,000 bail. According to the Toronto Sun, Tang said, “I want a chance to prove my innocence— that’s why I came back from China.”
Ridiculous Fraudsters Charged By SEC
The SEC is really on it’s game so far this year. I mean, granted, catching the idiots in the case I’m about to write about wasn’t exactly rocket science, but still… mad props (yes, I’m stuck in the early 1990s. It’s cool).
Strong Year for Hedge Funds Means Returning Investors and More Funds
Last year was a very good year for hedge funds. According to the New York Times Dealbook, BarclayHedge, which tracks the flow through hedge funds, reported that 2009 was the best year in the industry’s history (since BarclayHedge began tracking the data in 2000) in terms of performance when compared to the S&P 500. The [...]
Hedge Fund Gambles on Sports
It’s brilliant. A hedge fund for men who love sports. Better yet, a hedge fund for men who have a gambling addiction (yes, it is a real diagnosis– pathological gambling is now defined separately from manic episodes in the DSM IV-TR, many well respected addiction centers across the country offer treatment for it, and Gambler’s [...]
The Tale of Two Paulsons
It’s easy to confuse them: John and Hank. They share a surname, both have Harvard MBAs, have connections to Goldman Sachs, and have drawn attention from the SEC. So it’s little wonder that some people get a little mixed up. Here’s a short guide to telling the difference between two of the biggest names in [...]
Thoughts on the Goldman Fraud Charges
In addition to the charges from the SEC, Goldman is now facing charges in Britain and additional scrutiny in Germany. With all of this going down while we await the passing of new hedge fund legislation in both the E.U. and the U.S., we have to ask ourselves, if the AIFM directive passes and if [...]
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