A stringent plan to regulate hedge funds that is backed by Obama administration aide Paul Volcker won the support today of an influential Democratic senator.
When it comes to regulatory oversight of the hedge funds industry, it is no longer a question of if it will happen but when, according to industry representatives speaking today at a conference in Key Biscayne, Fla.
The new hedge fund reality places even greater emphasis on due diligence, but it doesn’t mean that investors should start ignoring or abandoning the alternative asset class.
The hedge-fund-of-funds sector in Europe may lose three-quarters of its assets, compared with the beginning of 2008.
Morningstar hedge fund database will become the foundation for a research platform that gives qualified investors a closer look at more than 7,500 hedge funds.
Hedge funds appear to be moving back into positive territory after wrapping up one of the industry’s worst years on record.
Regulators and members of the futures industry met before the House Agriculture Committee to debate the regulation of credit default swaps and other derivatives.
Homebuyers took advantage of low mortgage rates and falling home prices in December as pending sales of existing homes shot up more than 6% from the previous month.
The majority of hedge funds based in the United States are voluntarily registering with the Securities and Exchange Commission, according to Hedge Fund Research Inc. in Chicago.
With AIG shedding a number of its businesses to pay back government loans, its money management unit — which runs more than $111 billion in global assets for external retail and institutional clients — appears to be the next business to be put on the block by the distressed insurance giant.
The country is facing at least two more years of tough economic times, with no significant rebound for three-to-five years, said George Fisher, a senior adviser at New York private-equity firm Kohlberg Kravis Roberts & Co.
“Congress should grant the SEC explicit statutory authority to regulate hedge fund advisers as investment advisers,” Colorado securities commissioner Fred Joseph said at a press conference in Washington held by the North American Securities Administrators Association Inc.
Tremont Group Holdings Inc. of New York is closing its hedge fund division following $3.1 billion in losses associated with the Bernie Madoff scandal, according to the firm.
Florida hedge fund manager Arthur Nadel has come out of hiding and turned himself in yesterday to the Federal Bureau of Investigations in Tampa, Fla.
The Mortgage Bankers Association is predicting that 2009 will be another rocky year for the housing sector, with housing starts falling 22.9%, new-home sales declining 31% and new-home prices falling another 5.1%.
The deepening recession and rising unemployment took a toll on homebuilding giant Centex Corp. in the final three months of 2008 as the company saw new-home sales plunge 80%.
A Luxembourg investment partnership has agreed to purchase two private-equity funds from Lehman Brothers Holdings Inc.’s bankruptcy estate.
The housing market continued its downward spiral in December, with new-home construction plummeting to a record low, according to data released today by the Department of Commerce.
Hedge funds experienced record net redemptions of $155 billion in 2008, which when combined with a performance decline of 18.3% for the HFRI Fund Weighted Composite index for the year, dropped total industry assets 25% to $1.4 trillion as of Dec. 31.
According to preliminary data from Hennessee Group LLC in New York, total hedge-fund assets declined by 39% to $1.21 trillion in 2008 — their lowest level since 2006.
