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

U.S. SEC lifts 80-year old solicitation and advertising ban: hedge fund news, week 28

Monday, July 15, 2013

On Wednesday, the U.S. Securities and Exchange Commission voted to lift a ban on general solicitation and general advertising found in the Securities Act of 1933; the lifting drew positive reactions from market participants and industry insiders, while consumer groups expressed concern of possible fraud; it was said that hedge fund managers must identify the uniqueness of their portfolio now that they can advertise; some commentators said the move would only harm the greedy; the Hedge Fund Association approved the SEC’s decision and so did the Managed Funds Association; but others warned the new advertising rules could put CTAs at a disadvantage.

In the week-ending 12 July 2013, it was reported that Iguana Healthcare had raised $53.5m to launch a health IT- and life science-focused hedge fund; Ian Heslop is to run Old Mutual’s first Cayman-domiciled hedge fund; Tarpon Trading launched a currency trading program on Horton Point’s incubation platform; and the French regulator authorized Melanion Capital to launch the first hedge fund to focus on dividend futures.

Hedge funds posted their first average decline for 2013 in June, The HFR Index was down -1.3% (+3.59% YTD); The Lyx......................

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. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  2. Activist News - Celgene says patent-fighting hedge fund manager wants to short its shares[more]

    From Reuters.com: Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. The company asked the U.S. Patent and T

  3. Einhorn's Greenlight Capital hedge fund slumps 6.1 percent in July[more]

    From Reuters/Thefiscaltimes.com: Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. Greenlight notified clients of its returns late on Friday, ac

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner