Why Are People Angry?

Chidem Kurdas

There’s an easy answer and a

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Delusions and the State

Chidem Kurdas

As the giant regulatory octopus reaches into every nook and cranny

Why SEC Stopped Investigating

It is a common notion that the U.S. Securities and Exchange Commission

Apollo Clients’ Long Wait

Apparently investors can get stuck in a fund

Fast Moving Risk Appetite Challenges Quants

Chidem Kurdas

As markets take hairpin turns, being prepared for the worst has itself become risky. 

Will Small Firms Survive?

Chidem Kurdas

Costs are up. Allocations are slow. What’s an emerging manager to do? The talk was about pressures and priorities at a conference organized by the New York State Society of Certified Public Accountants.

Goldman Sachs as Trading Thermostat

Chidem Kurdas

Goldman Sachs reports that its net revenue from fixed income, currency and commodities trading dropped 53% from the same quarter in 2010. The firm attributed this mainly to having taken less risk due to global uncertainty. But in part the fall comes from lower volumes of trading by clients—among them, hedge funds. 

BlueCrest Affiliate to Make IPO

A US arm of Guernsey-based BlueCrest is expected to make an initial public offering, following the trend among major alternative investment businesses to raise capital in public markets. BlueCrest, among the largest hedge fund managers worldwide with $25-billion in total assets, runs BlueTrend, a top commodity trading advisor managed by Leda Braga.

Another Middle Market Lender to Go Public

A number of managers are raising funds to make middle-market company loans, a niche seen as attractive in part because some of the hedge funds that used to be in the business retrenched or stopped operating after the crisis of 2008.

BofA Decides Against External Advisers

Hedge funds under the Bank of America umbrella have been affected by a change in company policy.