A recent survey from Aviva Investors has discovered that the majority of hedge fund managers think that the Alternative Investment Fund Managers Directive, also known as AIFMD, will in fact have a positive effect on transparency and costs in the industry. The AIFMD is an EU attempt to include UCITS-less hedge funds and private equities…
Tag Archive: Private Equity
Citigroup Invests $800 Million of Shareholders’ Money
Citigroup, one of the largest lenders in the U.S., recently invested $800 million of shareholders’ money in its private equity and hedge funds. The bank invested the money in Citi-advised” funds, and sold $1.1 billion in separate hedge fund and private equity assets as well. Regulators are now drafting the ‘Volcker Rule’, which works to…
China Development Bank Invests Overseas
China Development Bank is becoming more and more active overseas, investing in private equity and hedge funds. According to anonymous sources, CDB will likely become one of the primary investors in MP Pacific Harbor Capital. This fund has been joined by New York’s MatlinPatterson as well. MatlinPatterson manages nearly $10 billion, and was initially part…
Hedge Fund Team Beats Private Equity at Basketball
Private Equity has lost to the Hedge Fund Team for the second consecutive year during the charity Net Gain Tournament that has brought in more than $4 million for New York City children’s programs. The 13th annual tournament was launched earlier this month at the New York University. The Wall Street showdown featured 20 teams…