Moore Capital, Maverick Capital, Viking Global Investors and Stark Investments are planning to open offices in Asia over the next few months to meet investor appetite for a slice of Asiaâ??s growth, according to a report by Reuters.
Britain critical of proposed EU hedge fund regulation (Fund News)
A British parliamentary report said on Wednesday that EU plans to regulate managers of hedge funds and other alternative investments need changing to avoid damaging Europe's economy and curbing investor choice.
Simon Treacher, the former manager of BlueBay Asset Managementâ??s emerging markets fund, has been fined £140,000 and banned from the industry for falsifying valuations and misleading investigators from the FSA.
Commerzbank winds down fund of hedge funds arm (Fund News)
Commerzbank AG has wound down its $1 billion fund of hedge funds management business, Comas (Commerzbank Alternative Investment Strategies), after abandoning a sale process run by Goldman Sachs. The bank has returned the assets to investors and let the team go.