Cybersecurity Firm Says Hedge Fund Attack was False

BAE Says Hedge Fund Attack on Hedge Fund Wasn’t Real By Chris Strohm Jul 2, 2014 3:55 PM CT – bloomberg.com The hacking attack on a hedge fund that was described by a security official with BAE Systems Plc (BA/) last month wasn’t real, a company spokeswoman said. The attack was one of several “illustrative […]

Investors Striking Closer Ties With Hedge Funds

www.ai-cio.com More evidence is emerging of investors striking up bespoke partnerships with hedge funds. Institutional investors are taking a more direct approach than ever in their allocations to hedge fund strategies, according to a survey by the Alternative Investment Management Association (AIMA) and Barclays. The survey questioned 30 major asset owners with a total of […]

First SEC Action re Retaliation Against a Dodd-Frank Whistleblower

The SEC has brought its first action against an investment adviser for retaliating against a Dodd-Frank whistleblower. http://www.sec.gov/litigation/admin/2014/34-72393.pdf

IRS Backs Investors Seeking Change to Hedge Fund Fees

By Miles Weiss Jun 10, 2014 5:53 PM CT – Bloomberg.com The U.S. Internal Revenue Service issued a ruling that clears the way for institutional investors to seek changes to incentive fees assessed by hedge funds, which may make it cheaper for them to invest in such offerings.The ruling, 2014-18, clarifies that hedge funds can […]

SEC Enforcement to Target Individuals at Firm

SEC Chair Mary Jo White, in a recent speech to a group of white collar criminal attorneys, stressed the importance of prosecuting individuals. She said that a corporation acts through individuals and that “if an enforcement program is to have a strong deterrent effect, it is critical that responsible individuals be charged.” Ms. White cited […]

2013 Top Performing Hedge Funds

Link to Barron’s 2013 top 100 performing hedge funds: http://online.barrons.com/articles/SB50001424053111903301904579566373990361000

Private Fund Salesperson Pays $22 Million for Failing to Register

An unlicensed salesperson agreed to pay over $22 Million in disgorgement, penalties, and interest to settle charges that he sold interests in a private fund without registering as a broker-dealer or becoming associated with a broker-dealer. The SEC asserts that the defendant “met with prospective investors in person, spoke with them on the telephone, or […]

SEC Targets Alt. Mutual Funds

SEC Targets Alt. Mutual Funds Apr 23, 2014 – evestment.comJing Chen The Securities and Exchange Commission is coming for alternative mutual funds. Bloomberg Businessweek reported that the U.S. regulator is planning to test around 25 alternative mutual funds that utilize riskier hedge fund strategies over the next several months to make sure they comply with […]

SEC Finds PE Funds Overcharging Portfolio Firms

Apr 14 2014 | 11:06am ET – FINalternatives.com The U.S. Securities and Exchange Commission examined 400 private equity firms and found that more than half inflated the fees and expenses charged to portfolio companies. Citing a person “with knowledge of the SEC’s findings,”Bloomberg reported that while some of the problems seem to represent mistakes, some […]

Guest Article: Hedge Fund Third Party Marketers Are More Important Than Ever to Investors

evestment.com Feb 26, 2014 Jing Chen Average hedge fund performance has been mediocre at best over the past five years, which is not surprising because most of the asset flows have been concentrated in a small percentage of firms with the largest assets under management. Many of these firms have morphed into asset gatherers from […]