|
Financial Institutions May Drive Hedge Fund Industry
Consolidation
Source:
EarthTimes.org
Larger financial institutions will increasingly purchase hedge
fund firms, potentially fueling industry consolidation over the
next three years, according to a survey conducted by CPA firm
Rothstein Kass. Rothstein Kass today released "Capturing the
Opportunity in Hedge Funds," a report summarizing the findings
of a survey of U.S.-based hedge fund firms.
More...
Hedge-Fund Billionaires Eyed by Congress for More Medicare Tax
Source:
Bloomberg
James Simons, the highest-paid hedge-fund manager in the U.S.
last year, could pay enough in Medicare taxes to provide health
insurance for about 4,800 senior citizens.
More...
'Magic' throws tax opinions into ring
Source: Telegraph.co.uk
Former basketball player Earvin "Magic" Johnson has emerged as
one of the most unlikely players in the increasingly heated
debate on whether to raise taxes for the US private equity
industry. More...
Man Group raises green hedge fund
Source:
FinancialNews-US.com
Investors have placed almost $400m (€290m) in a climate
change-related hedge fund backed by Man Group, the world’s
largest hedge fund management firm.
More...
Subprime crisis tests hedge funds
Source:
The International Herald Tribune
You could say that this summer's credit crunch was a chance to
see the hedge fund emperors without their clothes.
As banks around the world tightened access to money, on concern
that borrowers' collateral was impaired by exposure to subprime
loans, some of the highest-profile upsets were reported in the
$1.7 trillion hedge fund industry.
More...
BlackRock President Leaving
Source:
Forbes
BlackRock Inc. president and co-founder Ralph L. Schlosstein is
resigning to start an asset-management firm focused on
alternative investments, according to a person familiar with
Schlosstein's thinking. More...
Hedge Funds Expand in Primary Lending
Source:
Forbes
Hedge funds are increasingly positioning themselves as direct
lenders to companies that are having trouble borrowing money
from banks or through the bond market.
More...
Milwaukee hedge fund buys stake in Ryerson
Source:
Chicago Business News
A pair of Milwaukee-area hedge fund operators has
purchased a 7.5% stake in metals distributor Ryerson Inc.,
according to a regulatory filing.
Michael Roth and Brian Stark, the founders of Stark Investments
in St. Francis, Wis., recently bought 2 million Ryerson shares,
the filing with the Securities and Exchange Commission on
Thursday said.
More...
Today's Stories unabridged on the
web
|