New regulation threat to smaller hedge funds in Singapore (Fund News)
Singapore's $53bn hedge fund industry is set for a shakeout as the city-state's planned new regulations are expected to raise costs for many smaller funds, threatening their survival.
Hedge Funds consider legal action against Ireland (Fund News)
A group of US hedge funds is threatening to take legal action against the Irish government if it proceeds with plans to inflict losses of up to 100 per cent on â?¬300m subordinated bonds they hold in Bank of Ireland.
SEC freezes assets of Locust Offshore fund (Fund News)
The Securities and Exchange Commission has obtained an asset freeze against Locust Offshore Management LLC and its founder/CEO Andrey C. Hicks. The SEC accuses Hicks with diverting at least $1.7m raised from 10 investors into his personal bank account.
Henderson liquidates global currency funds (Fund News)
Henderson, the UK asset manager is winding up its £37m Luxembourg-based Henderson Horizon Global Currency fund, which is regulated under the European Unionâ??s Ucits III directive, as well as its £10m Henderson Global Currency fund, a hedge fund domiciled in the Cayman Islands.