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AFL-CIO Lobbies for Higher Taxes on Hedge Funds, Buyout Firms
Source:
Bloomberg
The AFL-CIO is urging lawmakers to raise taxes on executives of
hedge funds and buyout firms and is encouraging pension funds to
limit their investments in the private pools of capital.
More...
Barriers to hedging
Source:
The Financial Standard
The hedge fund industry’s current growth will plateau unless the
three big obstructions of high fees, low transparency and poor
liquidity are removed, according to JANA managing director of
asset consulting Ken Marshman.
More...
Fabien Pictet takes on Asia hedge fund from Jade
Source: Reuters UK
Emerging markets fund firm Fabien Pictet & Partners (FPP) said
on Thursday it had taken over management of an Asia ex-Japan
focused hedge fund from Jade Absolute Fund Managers after its
fund manager retired. The portfolio, currently less than $10
million in size, will invest in stocks and fixed income and be
renamed the FPP Golden Asia fund. It will be managed by Joon Ho
Byun, who co-manages the $130 million FPP Three Kingdoms Korea
fund. More...
Hedge Funds Survive July Storm But Now Await the 'Unknowns'
Source:
The Wall Street Journal Online
So much for Armageddon.
Fears the July hedge-fund performance indexes would throw up
some shocking losses, triggering another wave of panic-selling,
proved wide of the mark. In fact, the industry weathered July's
storms pretty well. The Hedge Fund Research composite index rose
0.49% in the month, leaving it up 7.99% in 2007. What's more,
all but one of the fixed-income indexes rose, including the
mortgage-backed index.
More...
Japan's watchdog set to curb hedge funds
Source:
Yahoo! News
Japan's financial regulator, the Securities and Exchange
Surveillance Commission, is concerned that the growing influence
of hedge funds is encouraging insider trading and undermining
the integrity of the country's stock markets.
More...
New Hedge Fund Gives a Clearer Picture of 130/30 Approach
Source:
SeekingAlpha
Despite all the hype around 1X0/X0 strategies, most suppliers
have been able to hold their cards relatively close to their
chests.
That’s because most of the buyers of these funds are
institutional. In other words, the funds are prospectus-exempt
in many countries. In fact, depending on the size of the
investment, 130/30 strategies are often sold in the form of
separately managed accounts (similar to many other institutional
mandates). More...
Bear Stearns Moves to Reassure Clients
Source:
Forbes
Bear Stearns Cos. this week began sending letters to clients
reassuring them the firm was financially sound, in an effort to
keep people from withdrawing their business.
More...
Hedge Fund Dumps 3.3M Massey Shares
Source:
Forbes
A New York hedge fund that recently gave up two seats on
Massey Energy Co.'s board has sold more than 3.3 million shares
of the Richmond, Va.,-based coal company over the past nine
days. More...
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