According to a new study, new hedge funds need to raise at least $300 million in assets to pay for rising regulatory costs and to offset lower fees.» Read More
A question that eventually arises when financial planners talk about getting fiscally fit is: how much money do I need so I can retire comfortably. To be frank, I hate that question.Not because the intention is incorrect but because it approaches life in a technical way. Most people I know - and I'm betting plenty you know as well - do not want to think about ageing, much less think about what they want to do when they retire.
We add another guest blogger to our site--James Altucher, who is a regular on the contest program "How To Win." James joins Jeff Mishlove who also appears on "How To Win," and both will write about their picks and sometimes their pans (we hope not to often on that last part). Here's what James sent us today..
Man Group, the world's largest publicly traded hedge fund company, said Friday it plans to split off its brokerage business, making it an independent company through an initial public offering on the New York Stock Exchange.
The global selloff throughout world stock markets triggered by the brief but sharp fall in the Shanghai Composite Index at the end of February has stirred up even more interest in already hot Chinese markets. This week, "A Fund Affair" features AMP Capital's China Growth Fund, which gives the investor rare access to China 'A' shares.
"A Fund Affair" is a brand new column that focuses on mutual funds available in Asia. Each week, we will highlight one fund we think is interesting -- whether because it's invested in a hot market, has a niche appeal or simply has been in the news of late.Our inaugural column features the Aberdeen Asset Management's India Opportunities Fund. Why this fund? A hot topic of debate of late has been the outsourcing of business processes to India. India's benefited from these many contracts. So we decided to explore what India and its economy has to offer the investor and how well Indian companies have performed of late.
If you can believe it, we're just almost done with the first quarter of 2007 and that means two things: the cherry blossoms are coming out and it's time to hunker down for some spring cleaning. As you tackle the clutter in your home, why not clean up your finances as well? This is a great opportunity to start planning for a solid financial future. You've just paid off your taxes (or are about to) and you're well entrenched in your job plans for the year. Don't let that momentum slip. Here are my financial rules for 2007 to help you tackle your finances and start the rest of the year on the right foot.
Equity-focused hedge fund assets rose 30%, or $173 billion, in 2006 to $743 billion. Nearly 70% of this increase came from new assets, Institutional Investor News and HedgeFund.net said in the "Hedge Fund Asset Flows & Trends Report 2006-2007" report.
Wall Street money managers told a House committee that hedge funds should disclose more to their bankers and improve their risk management but not be subject to mandatory registration, CNBC’s Melissa Lee reported from Capitol Hill.
In an exclusive interview on CNBC, SEC Commissioner Paul Atkins said that the SEC should focus on mutual funds and insider trading--not hedge funds.
SEC Commissioner Paul Atkins told CNBC's Melissa Lee that the federal regulatory agency should focus on mutual funds and insider trading--not hedge funds.In a taped interview aired on "Squawk Box," Atkins called efforts to regulate hedge funds “not the wisest effort” A Congressional hearing on the issue is scheduled to begin Tuesday in Washington.
After sitting down with Paul Atkins, a Republican commissioner at the SEC, it became clear that many in Washington D.C. are simply hung up on hedge fund regulation. Atkins, who served the SEC from 1990-94 and was re-appointed in 2002, has a practical view of regulation: The SEC should focus on protecting the most investors. And that would mean mutual fund investors. Atkins told me, "There are 90 million investors in mutual funds and I think that ought to be the SEC's prime worry ...
Henry McVey was "not really" surprised by the Feb. 27 market meltdown. But then, the chief U.S. investment strategist for Morgan Stanley says he'd seen the omens in January. He joined CNBC's Maria Bartiromo to discuss what might come next -- and how he's preparing for it.
Where is the suddenly turbulent market going? The answer may be up for grabs, but one thing seems certain: all investors should factor in Friday's jobs report. Two strategists -- one equity, one bonds -- gave their views on "Power Lunch."
There oughta be a law, says Sen. Charles "Chuck" Grassley (R-Iowa), that requires hedge funds to register with the Securities and Exchange Commission. Would the so-called Grassley Amendment produce healthy accountability -- or stifle investment? Ex-SEC Chairman Harvey Pitt and a Wharton professor debated the question on "Morning Call."
Sen. Charles Grassley filed the legislation as an amendment to a Homeland Security bill now being debated by the Senate.
After the Amaranth collapse, many agree that hedge funds could use some guidelines. But regulators -- and some investors -- fear strict rules created at the "emotional level." CNBC's Melissa Lee reports from the World Hedge Fund Forum in Connecticut.
What role are hedge funds playing in the market meltdown's aftermath? Three "Power Lunch" guests, who cover the field, weighed in. Trader Monthly Associate Editor Andrew Barber noted that "anecdotally" he's heard that "premium sellers were punished" by Tuesday's market drop.
Many of those seeking reasons for Tuesday's market meltdown have turned from China to Japan. Two forex experts told CNBC's Liz Claman why the global shock may have more to do with Tokyo than Shanghai -- or New York.
The President's Working Group (PWG) on Financial Markets has not pushed for new hedge fund regulations -- except for a rule that would raise the minimum net worth of investors to $2.5 million from $1 million. Even some PWG critics agreed with the suggested floor -- but Magnum Funds' David Friedland decried the "discrimination." The debate raged, on "Morning Call."
The President's Working Group on Financial Markets vowed to up its vigilance of hedge funds -- but its members shied from taking action. SEC Chairman Christopher Cox and Connecticut Attorney General Richard Blumenthal took sides on the matter.
All eyes are on the Fed's big announcement Tuesday. Fortunately, the taper and QE don't really matter all that much.
As we tick down to the Fed's policy statement, here's a tour through current policy with an eye to what might change.
Markets have been anticipating the Fed's direction ever since it began dropping hints about a decrease in asset purchases.