« June 2010 | Main | August 2010 »
Singapore hedge fund startups are on the rise after the central bank approved new rules that didn’t impose a licensing requirement on most funds. Seven new hedge funds set up in May and June, according to Eurekahedge Pte., after the Monetary Authority of Singapore said in April that small funds can keep operating without a license as part of its review. The number of new funds last year fell 13 percent to 26, the lowest since 2003, as uncertainty over pending rule changes kept managers away, according to data from the Singapore-based industry researcher.
Above: Jeff Holland
FinAltenatives.com, July 27, 2010
Liongate Capital Management was named the Fund of Hedge Funds Leader of the Year in 2009 by Institutional Investor News, and in 2008, a year not generally kind to funds of funds, its flagship Liongate Multi-Strategy Fund was down only 9.99%. The London-based firm, with $2.8 billion under management and a due diligence process that has been described as “institutional quality,” has also been one of the loudest voices in the chorus calling for greater transparency in the hedge fund industry. Senior reporter Mary Campbell recently spoke with Managing Director Jeff Holland about transparency, regulation and the role of the institutional investor in the industry, among other things.
Paula Schaap, HedgeFund.net, July 27, 2010
The SEC wants to hear what hedge fund managers and investors think of the proposed regulations affecting the asset class that were included in the Dodd-Frank financial reform bill.
SEC Chairman Mary Schapiro said in a speech Thursday to the U.S. Chamber of Commerce that hedge funds “have flown under the regulatory radar for far too long.”
The New York Times, July 26, 2010
A contested divorce between the two founders of Ikos is rattling one of Europe’s oldest hedge fund groups, The Wall Street Journal reports.
Assets under management fell by more than half of their peak level of $3.4 billion in 2007, before recovering somewhat earlier this year, the newspaper said.
While some of the diminished performance at the firm can be blamed on the financial crisis, the ongoing dispute between British-born Martin Coward and Elena Ambrosiadou (Above) his wife and Ikos co-founder — including a recent fight over whether Mr. Coward was entitled to use the private jet — have some investors worrying about how the business is being run, The Journal said, citing people familiar with the matter.
Courtney Comstock, Financial Post, July 23, 2010
Karen Zilkha, the woman who turned in the key evidence that destroyed the huge hedge fund, Pequot Capital, just made US$1- million for handing the SEC a hard drive that contained evidence of her ex-husband's emails containing insider information from his previous employer that he sent to his boss, according to CNBC.
David Zilkha started working for Art Samberg at Pequot right after he had spent years working at Microsoft.
A bunch of really stupid emails went back and forth between the two hedge fund managers including details about Microsoft's earnings, all of which were stored on David Zilkha's hard drive.
HedgeFundX is a news and ideas exchange forum focusing on providing Hedge Funds, Alternative Investments, Private Equity, Hedge Funds of Funds and Investment Management firms current news and information to assist in the navigation of the new era of regulatory oversight.
To Learn More about The Hedge Funds Exchange Click Here
