Funds Hub
Money managers under the microscope
Service providers flag hedge fund health
Fund service providers were back in force at the GAIM hedge funds conference in Monaco this year, a small sign that the industry, while not exactly brimming with confidence, has at least crawled out of the doldrums of 2009.
The service providers including fund auditors, custodians and prime brokers, have drawn in their horns since the early years of the millennium when they were often the main sponsors of cocktails and dinners at large hedge fund events.
They were conspicuous by their near absence at GAIM 2009, as were the free-for-all champagne receptions, gala dinners and so on, as money drained from the industry after hedge funds suffered their worst ever losses in the crisis year of 2008.
One of the big four auditors, for example, brought 22 staff in 2008, but just four in 2009.
Morning line up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
EU move to curb hedge, private equity manager pay - Financial Times
Hedge fund strategies post positive returns in October - Hedgeweek
Ex-head of Santander Swiss hedge arm on Madoff charges - Financial Times
BlueCrest to shift staff to Geneva - Financial Times
Morning line up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Ex-Bear Stearns hedge fund managers acquitted – Reuters
Paulson & Co raises bet on Cadbury – Reuters
Hedge funds set for partial EU victory - The Guardian
Hedge fund directive will cost 1.4 billion euros a year – The Times
Working group calls for onshore hedge funds in UK – Hedge Funds Review
Feds charge hedge fund exec with fraud – New York Post
Morning Line-up
Posted by: Chris Vellacott
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Lord Myners to face hedge fund grilling by Lords – City AM
EU report criticises own ‘vague and inadequate’ hedge fund directive Daily Telegraph
Hedge fund giant surfaces in trading probe – Wall Street Journal
Bear Stearns hedge fund execs face closing arguments – Crain’s NY Business
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Galleon 90 percent liquidated - Reuters
US House panel approves hedge fund bill – Reuters
Bear Stearns hedge fund manager told investors only ‘couple million’ redemptions on call- Bllomberg
Traders go short on Lloyds - Telegraph
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Fate of Galleon’s founder could put fund out of business- Reuters
China deal close for Avenue Capital - Reuters
Hedge fund lawsuit against Biden’s son thrown out - AP
Former Bear Stearns Hedge fund managers accused of insider trading involvement – CNN Money
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
High water marks still haunt hedge funds - Reuters
Cadogan to buy back business – WSJ
Bear trial marked by dual strategies – NY Times DealBook
More than you wanted to know about death bonds – FT Alphaville
Morning Line-Up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Ex-Bear trial jury chosen, some ousted for bias – Reuters
Massachusetts state fund drops 4 hedge fund firms - Reuters
Hedge funds extend gains with upbeat economic data - Hedgeweek
Watson Wyatt names global head of hedge fund research - Hedgeweek
Paulson & Co buys 9.9 pct of insurer Conseco - Indianapolis Star
Morning Line-Up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
High water marks still haunt hedge funds - Reuters
Hermitage attacks Russian corruption - Irish Sun
Trial to begin for ex-Bear Stearns hedge fund managers - Los Angeles Times
Aros Capital Partners offers onshore fund - Hedge Funds Review
