Other Voices: German fund tax law: The hedge is down... [more]By: WTS
The soft trade barrier of the peculiar German tax compliance is de facto lifted. For the first time, international funds will de facto be granted a comparable competitive playing field with their German counterparts as the tax compliance complexity and its inherent cost for UCITS and AIF
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’
Fortress to shrink macro hedge fund as losses mounts... [more]Komfie Manalo, Opalesque Asia: Fortress Investment Group principal and director Michael Novogratz announced he would shrink the macro hedge fund unit of the firm as losses mounts and help turn round performance that has been struggling since last year.
On Thursday, Novogratz said that Fortres
Hedge fund Elliott Associates prepares for fresh market turbulence... [more]Komfie Manalo, Opalesque Asia: The $72 billion hedge fund Elliott Associates, which is run by Paul Singer is preparing for the next market turbulence on concerns about the European central banks’ easy money policy and told investors that governments that "abused the power to create 'money'
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
Parker FX Index returns -1.52% in June, +1.52% YTD... [more]The Parker FX Index is reporting a -1.52% return for the month of June. Thirty of the thirty-two programs in the Index reported June results, of which five reported positive results and twenty-five incurred losses. On a risk-adjusted basis, the Index was down -0.68% in June 2015. The median return f
Outlook - Hedge fund management companies have ‘overheated’ valuations... [more]From WSJ.com: The valuation of hedge fund management firms has become “way overheated” amid strong financial markets, according to the chief executive of one of the world’s biggest hedge fund companies.
“In a very buoyant environment valuations get extended,” said Manny Roman, the CEO of U.K.-
Comment - A ten-year hedge fund love affair... [more]From AI-CIO.com: In 2005, an article appeared on the BBC’s international news website titled “So What Are Hedge Funds?” It had been penned by then-Watson Wyatt consultant Robert Brown and laid out the very basics of who, what, and why. The article explained how these investment houses, which were un
Regulatory - AIMA urges progress on passport for third country jurisdictions... [more]The Alternative Investment Management Association (AIMA), the global hedge fund industry association, welcomed the recommendation to extend a pan-European marketing 'passport' to alternative investment fund managers (AIFMs) and alternative investment funds (AIFs) in several non-EU jurisdictions - bu
Europe - MPs to scrutinize new MPC member over Brevan Howard earnings... [more]From FT.com: A powerful parliamentary committee is set to scrutinize whether the business interests of the incoming member of the Bank of England’s Monetary Policy Committee may clash with his new role, setting up a potential conflict with George Osborne, who signed off the appointment.
Investing - Hedge fund Marathon Asset buys Atom Bank stake... [more]From Sky.com: One of London's top hedge funds is to buy a stake in Britain's first app-based lender just weeks after George Osborne hit challenger banks with a tax bombshell. Sky News has learnt that Marathon Asset Management is subscribing to part of a £25m share issue in Atom Bank which will be ra
…And Finally - Baby sloth gets teddy as replacement mum at London Zoo... [more]From Telegraph.co.uk: Edward the seven-week-old baby sloth has been given a toy to clamber over while he is building up his strength
A baby sloth which is being hand-reared at London Zoo has been given a teddy from the gift shop as a replacement mother.
Zookeepers were forced to step