Tuesday, 21 October 2014
Last updated 10 min ago
Mar 30 2011 | 1:15pm ET
Some of the world's biggest hedge funds appear to have no intention of being under the Securities and Exchange Commission's thumb for one day longer than they have to.
Nearly one-third of the 220 hedge funds that made AR magazine's billion-dollar club this year—managing about a quarter of those firms' total assets—have yet to register with the U.S. regulator. Hedge funds with $150 million or more in assets or at least 15 clients in the U.S. are required to register by this summer.
Among the 66 still sitting on their hands are King Street Capital Management, SAC Capital Advisors, Soros Fund Management and Viking Global Investors, Dow Jones Newswires reports.
But if those firms—which have until June 6 to submit their applications—expect the SEC to change its mind in the next two months, they've got another think coming.
"Some private funds are in a state of denial, hoping for some form of delay in the rules," National Regulatory Services' John Gebauer said. "But the likelihood of the legislation being taken back is nil."
"Private funds will be ill-advised to expect this rule will not happen."
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...