UBP – HF’s to drop by 2/3rds Mar22

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Hedge Fund Assets Could Fall Two-Thirds: UBP    Hedgworld, Pascal Schmuck, Martin de Sa’Pinto free subscription required   I emphasize the final two paragraphs which I find interesting. UBP is/was the largest FOF in the world. They are consolidating managers. One imagines that this is going on across the board.   UBP said in the… Read more »

Hedge Connection offers Marketing Platforms to Lighthouse Prime Services Clients Mar18

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Today we issued an important announcement. Not only a significant development for our company but also a significant development in the rapid development and transformation of the hedge fund services sector.   As the major prime brokerages cut down on services to clients, specifically smaller funds, our partnership with Lighthouse offers their clients a turn-key… Read more »

Goldman Postpones Hedge Fund Conference Feb4

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On second thought, a Florida hedge fund conference sponsored by TARP recipients would appear somewhat unseemly in this loaded political climate. _______ Goldman Hedge Confab Bumped Back Bleak economic reality has prompted Goldman Sachs to postpone its annual hedge fund conference and move it from Miami to New York.  Spokesman Ed Kennedy said the conference,… Read more »

FOF’s respond to Swenson’s “evaluation” of their business Jan29

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After a miserable 2008, the last thing FOF’s needed was David Swenson, CIO of the Yale endowment, one of the most respected endowment chiefs referring to them as,  “Fund of funds are a cancer on the institutional-investor world. they facilitate the flow of ignorant capital.” After poor performance and the miserable Mr. Madoff, Swenson’s comments… Read more »

Clifford Chance Expectations for 2009 Jan27

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Clifford Chance offers its view on the expected developments in the rapidly changing hedge fund industry in 2009.   Key developments in 2009 summarized below.     #1 – Hedge fund managers likely to be required to register   #2 – Hedge Funds Likely Will Be Required To Provide Certain Portfolio Information to the SEC… Read more »