Data

Younger and small to mid-sized hedge funds achieved best returns in 2009

PerTrac Financial Solutions’ analysis of 2009 hedge fund performance reaffirms the existing trend of less tenured funds outperforming older ones and reverts to findings from earlier studies indicating that small to mid-sized funds outperform larger ones.  »


Market crash

Crisis fallout continues to affect hedge funds

Approximately 45 per cent of hedge fund managers in the US and approximately half of hedge funds in Europe and Asia say one or more of their funds remain below their high-water marks. »


Stephen A. Schwarzman, chairman and chief executive officer, The Blackstone Group

Blackstone net income rises by USD63.9m

The Blackstone Group’s economic net income was USD339.3m for the third quarter of 2010, an increase of USD63.9m from USD275.3m, or 23 per cent, for the third quarter of 2009. »


Regulation books

Ireland further prepares for the AIFM Directive

The Irish funds industry has welcomed a harmonised framework for alternative investment fund managers and the regulatory changes to Irish collective investment schemes. »


Handshake with globe

Amrit Agrawal joins Cowen’s global capital markets group

Cowen Group has hired Amrit Agrawal as a managing director in the global capital markets group. »


Swiss flag

Markus Fuchs joins Swiss Funds Association

At the beginning of November 2010, Markus Fuchs will take up his new position as senior counsel with the Swiss Funds Association. »


Fraud

Court fines Texas defendants USD16.2m in CFTC anti-fraud action

The US Commodity Futures Trading Commission has obtained more than USD16.2m in restitution and civil monetary penalties in a federal court order against defendants Scott P. Kear, Sr., Jeffery L. Lyon and entities they controlled, M25 Investments and M37 Investments, all of Waxahachie, Texas. »


Down arrow and numbers

Convertibles trading volume contracts despite recovery in asset values

A recovery in the valuations of convertible securities held in the portfolios of institutional investors in the US and Europe has not translated into a pick-up in trading volumes, which continued to decline from 2009 to 2010. »


Geoff Cook, chief executive, Jersey Finance

Jersey Finance welcomes personal tax rate proposals

Jersey Finance has welcomed the Council of Minister’s proposals to retain the jurisdiction’s personal taxation rate at 20 per cent. »


Dark pool

Iosco proposes regulatory oversight principles for dark liquidity

The Technical Committee of the International Organization of Securities Commissions has published a consultation report containing principles to assist securities markets authorities in dealing with issues concerning dark liquidity. »


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