JOBS Act expected to be beneficial for Hedge Funds (Fund News)
President Barack Obamaâ??s signing of the JOBS Act may have given the hedge fund industry a boost for the future, because embedded in the legislation are provisions lifting the rule - dating back to the 1930's - that bans hedge funds from soliciting or advertising to the general public.
SEC Charges Two Feeders for One of South Florida's Largest-Ever Ponzi Schemes (Fund News)
The Securities and Exchange Commission today charged two individuals who provided the biggest influx of investor funds into one of the largest-ever Ponzi schemes in South Florida.
Credit Suisse to liquidate the CS Euroreal Property Fund (Fund News)
Credit Suisse Group AG plans to liquidate its â?¬6bn German property mutual fund after investors tried to withdraw more money than the fund has available. Credit Suisse Asset Management opened CS Euroreal for redemptions on May 9 after the fund had been frozen for the past two years.