Seen that? - Connecticut Creates Hedge Fund Oversight Unit

Filed in archive Best of on March 17, 2010

Connecticut Creates Hedge Fund Oversight Unit The Hedge Funds Weblog

The Connecticut Department of Banking has had enough. After watching multiple hedge funds fail, they have decided to create an oversight unit to detect fraud and other hedge fund problems. The unit's main objective is to help prevent or detect fraud and will give the state greater oversight of the hedge fund industry. The unit, which has recently begun operating, has not yet passed any new regulations for hedge funds. Currently, the [...] Read More


Hedge Fund Manager Merger Creates the World's No 2 Visitor Attraction Company The Hedge Funds Weblog

This is a HedgeCo story from this morning; Some of the biggest brand names in the global theme park market today announced a partnership of two rapidly growing businesses, The Tussauds Group and Merlin Entertainments Group, making them the world's second biggest attractions operator after Disney. Merlin Entertainments Group is known for theme parks such as Legoland, Sealife and several others. The company is controlled by hedge fund manager Blackstone Group. On the [...] Read More


Heads of US Hedge Fund Study Group Warn Against Over Regulation The Hedge Funds Weblog

Ben Bernanke, chairman of the US federal reserve, has warned against over regulation of the hedge fund industry. Bernanke said that U.S. authorities must take care not to stifle financial innovation by over-regulating the derivatives and hedge fund industries. "I would be very reluctant to get involved in heavy-handed, direct regulation of hedge funds," Bernanke told the Senate Banking Committee in response to a question during semi-annual testimony on monetary [...] Read More


Hedge fund bonanza Sox First

How much do hedge fund managers make? A lot more than ordinary folk.According to a new study, the top 20 private equity and hedge fund managers pocketed an average $657.5 million, or 22,255 times the pay of an average US worker. The top four each pocketed over $1 billion.According to the Institute for Policy Studies and United for a Fair Economy study, chief executives made 364 times the pay of [...] Read More


The hedge fund, the stripper and the missing millions Sox First

There are some real doozies around but this one is too good to ignore.In Canada, a hedge fund manager Paul Eustace made the wrong call on US interest rates, lied to investors, lost $208-million, stole about $2 million of client cash, cheated on his wife with a stripper for years and used investor money to give that stripper $1-million worth of gifts including breast augmentation surgery. Now with a few [...] Read More