Funds Hub
Money managers under the microscope
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Swedes plan to scrap hedge fund leverage limits – WSJ
More than one witness in Galleon case - Reuters
Ex-UBS bankers plan Tufton tranport fund - Bloomberg
Touradji dismisses employee claims as lies – Reuters
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Hedge funds face investor war on fees – Reuters
Och-Ziff third quarter income falls – Reuters
Mark Kary to resign from Polar Capital - FT Adviser
Hedge fund adviser to lead SEC policing body – WSJ
Asian hedge fund asset on the rise – Bloomberg
Hedge funds “a good thing”, says Taleb
Regulators are going after the wrong target by trying to impose stricter rules on hedge funds, according to Nassim Nicholas Taleb, high-profile author of credit crisis hit The Black Swan.
Taking a decidedly negative view of banks, Taleb told the Hedge 2009 conference in London today that a bank is essentially “a utility with a compensation scheme”, which the public has to bail out if it fails.
Hedge 2009
Today sees the start of the Hedge 2009 conference at the Hilton by Tower Bridge.
Speakers such as USS and Permal will assess what investors are looking for in hedge funds while Polygon and SVM will debate how funds put forward the right liquidity terms to investors.
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Galleon to liquidate funds, despite good returns- Reuters
Sweden attempts deal to drop EU cap on hedge fund borrowing- Reuters
Hedge funds set for record returns- Money Management
Lehman hedge funds customers can claim interim income- Times
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
New Castle Partners walls off 2 accused inside traders- Reuters
Watchdogs onto hedge funds- Independent
Female hedge fund managers outperform male peers- Daily Mail
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
High frequency traders harm conventional players- Reuters
Asian hedge funds recovering from record losses- Reuters
Brazilian hedge funds attract more money than any other investments- Bloomberg
US authorities to bring high profile hedge funds to book - FT
Back in rude health
The hedge fund industry, it seems, has come out of intensive care and is doing laps around the block again.
After last year’s turmoil, funds are seeing assets flow back, performance pick up and confidence return.
HFSB sees risk in leverage rules
There’s no shortage of resentment in London against the EU’s planned directive on hedge funds, but the Hedge Fund Standards Board on Monday said the rules could actually create one of the problems they’re set up to avoid.
At a CSFI debate at the beautiful Innholder’s Hall in the City, HFSB executive director Thomas Deinet pointed out that, as seen all too often in the credit crisis, in falling markets a fund’s leverage automatically rises.
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Conservatives’ Clarke tries to appease hedge funds over new rules – Times
Hedge fund firm NewSmith pays members 29 mln stg in 2008 – Reuters
Fund manager pleads guilty in Ponzi case – Chicago Tribune
Citadel’s main hedge funds continue rally in September – WSJ
Despite ’08 pain, the rich still like hedge funds – Reuters
Frontier backs synthetic over single hedge funds – FTAdviser
