Dubai hedge fund 'to shut down' amid suspicions of Danish tax fraud... [more]From Arabianbusiness.com: Dubai-based private investment house Solo Capital Partners is being wound up amid reports the company is one of several being investigated by Danish authorities as part of an alleged €800 million ($848 million) tax fraud.
The firm states on its website: “Solo Capital
Regulatory - Compliance issues make non-EU fund managers avoid EU investors... [more]From International-adviser.com: Some non-EU fund managers are forgoing European investors because of the compliance headaches associated with the Alternative Investment Fund Managers Directive (AIFMD), reports Cerulli Associates.
The hurdles and uncertainty associated with the financial direct
The Americas - Brazil hedge fund star looks elsewhere for his next big bet... [more]From NYTimes.com: Luis Stuhlberger’s Brazilian hedge fund has had an astonishing run — even in the face of his country’s sinking economy.
But he has grown increasingly bearish about the economic outlook for Brazil, and he is no longer placing most of his bets here, deciding to look elsewhere f
Commodities - Trafigura’s Galena hedge fund CEO Letchford exiting company... [more]From Bloomberg/Swissinfo.ch: Duncan Letchford, chief executive officer of Trafigura Pte Ltd.’s hedge fund Galena Asset Management, is leaving the company, the latest high-profile departure from the commodity trading house.
Letchford, who has served as a member of Trafigura’s management board s
Investing - Hedge funds stalk battered corner of bond world... [more]From WSJ.com: Wall Street traders are circling a corner of the bond world they say is taking an unwarranted beating in anticipation of rising interest rates. They are betting on closed-end funds, often-volatile structures that mostly cobble together risky collections of bonds and often employ levera
News Briefs - BTG Pactual scrambles to contain Esteves arrest fallout... [more]Brazil's Grupo BTG Pactual SA scrambled to contain fallout from the arrest of its billionaire boss on Wednesday, tapping cash reserves to cover client redemptions and announcing a stock buyback to prop up plunging shares. The moves highlighted investors' concerns whether Latin America's largest inde
…And Finally - West Point bans cadet pillow fights after 30 injured... [more]From NBCNews.com: Cadet pillow fights like the bloody one that left 30 injured this summer will be banned and actions are being pursued against many of those involved, U.S. Military Academy officials said.
First-year students, known as "plebes," organize the annual pillow fight as a way to bui