Thu, Sep 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Elliott versus Absolute Return magazine case raises broader questions for hedge funds on transparency and information control

Tuesday, August 31, 2010

amb
Nick Rogers
From Kirsten Bischoff, Opalesque New York:

This Thursday (September 2, 2010) Absolute Return (AR) magazine is expected to file its response to hedge fund firm Elliott Associates, which demanded the media outlet divulge the source that leaked the firm’s investor letter (and which AR has said it will be printing). The hearing for the matter has been set by the New York court system for September 9th.

While the odds are that AR will not be asked to divulge the source (freedom of the press protections), for managers and investors there is perhaps, a more important issue raised by the entire situation. That is: how to promote transparency under the spotlight glare of a media obsessed with all things hedge fund related?

Hedge fund letters often make their way into the hands of the financial news media. Elliott Associate’s letters in particular have many times prior to this incident made it into the public eye via various news outlets. A Google search shows multiple times where that firm’s investor letters have been discussed in depth (i.e.: Dealbook and Marketwatch).

Typically the press winds up in possession of a hedge fund manager’s investor communications in a myriad of ways – from the manager itself leaking the let......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  3. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner