Monday, 28 July 2014
Last updated 11 hours ago
Dec 15 2011 | 2:16pm ET
Another blue-chip hedge fund manager is giving up outside capital to avoid having to register with U.S. regulators.
Henry Swieca will return all of the outside capital to his Talpion Fund Management. Client money accounts for only about one-fifth of Talpion's $500 million in assets under management, Bloomberg News reports.
Swieca, the co-founder of Highbridge Capital Management, follows George Soros into the family office business. Hedge funds will be required to register with the Securities and Exchange Commission by March.
Talpion has not yet informed all investors about its plans. The firm has been managing outside capital since April of 2010, and formally launched the fund earlier this year. Swieca plans to continue managing the long/short equity fund with his own and family money.
He also plans to begin seeding Talpion managers' own hedge fund plans.
Swieca left Highbridge, now owned by JPMorgan Chase, in 2009.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…