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30 Jul 2012, 9:47 am by James Hamilton
The Senators ask Treasury to respond to a series of questions on the framework, including whether legislation will be needed to implement, within thirty days of receipt of the letter, which is dated July 25, 2012. [read post]
25 Jul 2012, 9:27 pm by Stu Ellis
”   RP policies will use your trend-adjusted Actual Production History yield, multiplied by the harvest price, if that is higher than the $5.68 spring guarantee, which it currently is by just over $2 on July 25. [read post]
25 Jul 2012, 9:27 pm by Stu Ellis
” RP policies will use your trend-adjusted Actual Production History yield, multiplied by the harvest price, if that is higher than the $5.68 spring guarantee, which it currently is by just over $2 on July 25. [read post]
25 Jul 2012, 10:00 am
The 90-day deadline expired on July 4, 2012, and the SEC has not yet adopted such revisions to Rule 506 or Rule 144A. [read post]
24 Jul 2012, 10:42 pm by Kevin LaCroix
The Senators’ joint July 23, 2012 press release about the Bill can be found here. [read post]
24 Jul 2012, 11:49 am by Carolyn Moskowitz
Across the pond, on July 6, the U.K. [read post]
24 Jul 2012, 8:15 am by ekrause
As reported July 23 by Investment News, the bill would enable the SEC to impose the fines or charge three times the amount of ill-gotten gains or investor losses, whichever is greater. [read post]
23 Jul 2012, 9:57 am by James Hamilton
The Official Unsecured Creditors’ Committee of Bayou Group, LLC, CA-2, July 3, 2012)When the fund filed for bankruptcy, the bankruptcy trustee authorized a committee of unsecured creditors of the fund to pursue claims against the prime broker. [read post]
23 Jul 2012, 3:00 am by Paul Caron
How Hedge Funds, PE Funds, and PTPs Escape the IRS, 136 Tax Notes 351 (July 23, 2012): True or false: The largest U.S. businesses are under continuous audit by the IRS. [read post]
23 Jul 2012, 12:14 am by Kevin LaCroix
  As discussed in detail in a July 19, 2012 New York Times article entitled “Libor-Scandal Shows Many Flaws in Rate-Setting” (here), the rate setting process used for Libor has a number of defects. [read post]
21 Jul 2012, 4:33 pm
The motion was filed by James Giddens, the Lehman Brothers Inc. trustee, who sought to affirm the denial of securities claims made by dozens of hedge funds and money managers seeking to get back soft dollar credits in their accounts with Lehman. [read post]
In July 2011, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) amended the Commodity Exchange Act (CEA) to add swaps to the CFTC’s jurisdiction under a broad statutory definition, which includes many of the products REITs use to hedge their interest rate risks. [read post]
17 Jul 2012, 5:00 am by Doug Cornelius
Ward attracted capital to the Funds by aggressively marketing herself as an experienced hedge fund manager, despite having no experience in portfolio management. [read post]
17 Jul 2012, 5:00 am by Doug Cornelius
Ward attracted capital to the Funds by aggressively marketing herself as an experienced hedge fund manager, despite having no experience in portfolio management. [read post]
17 Jul 2012, 2:00 am by Kara OBrien
Hedge funds make up of approximately 53 percent of those assets under management and private equity funds represent about 24 percent of those private fund assets. [read post]
15 Jul 2012, 9:49 pm by Susan Mangiero
Lane and Courtney Worcester cite valuation methodologies and the use of debt to finance deals as two areas that keep "Private Equity In The Crosshairs" (Law360.com, July 11, 2012). [read post]
14 Jul 2012, 5:43 pm
The court turned down Goldman’s claim that the award should be vacated because it was issued in “manifest disregard of the law” and said that the clearing arm must pay this amount to the unsecured creditors of the now failed Bayou hedge fund group known as the Bayou Funds, which proved to be a large scale Ponzi scam. [read post]
14 Jul 2012, 5:34 am by Andrew Cross
 The effect of the letter is to permit mutual funds and qualifying hedge funds launched after July 13, 2012 ("New Funds") and their advisors to claim relief from CPO and CTA registration requirements until December 31, 2012. [read post]
14 Jul 2012, 5:34 am by Andrew Cross
 The effect of the letter is to permit mutual funds and qualifying hedge funds launched after July 13, 2012 ("New Funds") and their advisors to claim relief from CPO and CTA registration requirements until December 31, 2012. [read post]