Carlyle shutters liquid alts business... [more]Bailey McCann, Opalesque New York: The Carlyle Group's on again, off again relationship with retail investors has seen another breakup. The investment firm announced over the weekend that it will be closing two liquid alternative mutual funds it launched last year.
According to regulator
Hedge funds’ mortgage bond earnings fall to close to zero... [more]From Bulletinstandard.org: Wall Street fat cats, who since 2009 have been pocketing billions of dollars in income off the backs of beleaguered home owners and their delinquent mortgages, could be facing the end of the party, a recent report shows.
From an average get of 45 % in 2009, the overa
Hedge funds-of-funds managers turn to customized investments... [more]From PIonline.com: Top-tier hedge funds-of-funds managers are expanding their relationships with underlying hedge fund managers, morphing into active investors of institutional investor assets from mere allocators of those assets. To improve returns and their relevance to asset owners, the largest,
Regulatory - New rules to bring greater flexibility... [more]From FTAdviser.com: From this month the new pension rules will give investors greater flexibility when accessing income and capital and lower tax liabilities when passing on unused funds. The regulations also confirm that pensions will retain many of their traditional advantages, such as tax relief
…And Finally - World's greatest lawyer... [more]From Newsoftheweird.com: A man in Mios, France, fired from his job several years ago, and who had been receiving unemployment benefits, suddenly found himself being dunned by the national labor agency when a tribunal finally ruled in the employer's favor and ordered the man's benefits paid back.