The Managed Funds Association, following the direction of many of its hedge fund members, is moving to get ahead of an expected trend toward increased regulatory oversight.
Ex-execs committed securities fraud by allowing a hedge fund to profit by quickly trading shares, the SEC alleges.
Derek Kaufman, who spent 12 years at JPMorgan, will serve as the hedge fund's senior managing director.
Greg Coffey, a portfolio manager with the hedge fund, who oversees $7 billion in assets, is stepping down May 1.
Sales of existing homes decreased by 2% last month to a seasonally adjusted rate of 4.93 million units.
The current economic and market challenges apparently aren't enough to derail the growth and prosperity of the $2 trillion hedge fund industry, according to a survey of hedge fund managers.
Activist hedge fund manager Phillip Goldstein will create a non-profit to help the industry challenge "regulatory injustices."
Paulson & Co.'s John Paulson was paid $3.7 billion in 2007, surpassing George Soros, who received $2.9 billion.
Hedge fund managers prepared one set of recommendations; investors with money in the funds compiled the other.
Samuel Israel III, former CEO of the defunct Bayou hedge fund, was also ordered to pay $300 million in restitution.
Headstart Advisers and its chief investment adviser, Najy N. Nasser, reaped $198 million in illicit profits, the SEC alleges.
Jerry Bailey, former senior advisory director at Bear Stearns Merchant Bank, is joining Halcyon Asset Management.
The Hennessee Hedge Fund Index declined 1.9% last month and is off 3.5% year-to-date through March 31.
Despite the recent turmoil throughout the financial markets, the hedge fund industry appears to be alive and well, according to the latest calculations showing that the number of funds grew by 14.5% last year, but some say the data may be suspect.
The Managed Funds Association has announced a collaborative partnership with the London's Alternative Investment Management Association.
“I wouldn’t invest in U.S. assets today, but I would buy U.S. paper,” said Sam Zell, chairman of several REITS.
“This is probably one of the most exciting times [for REITs],” said Marty Cohen, co-chairman and co-CEO of Cohen & Steers.
A hedge fund manager testified that a Hollywood private detective once offered to have a movie producer killed for him.
Equity REITs posted total returns, including dividends, of 1.4%, while all REITs were down slightly at 0.42%.
The hedge fund has agreed to buy a 50% stake in the New York-based credit specialist fund manager Ore Hill Partners.
