Regulation win for hedge funds of banks

Hedge funds are likely to be the winners from the new provisions would operate away from the established investment banks against companies not covered by the regulations, according to the Telegraph. Non-banks, which includes funds, private equity firms and pension funds, is likely to increase an increasing share of financing services once exclusively from the big banks. The forecast comes in a report by the U.S. investment bank Morgan Stanley and consultancy Oliver Wyman, which predicts hard times ahead for the city.

Wealthy investors exhibit a healthy appetite these days for newly minted hedge fund managers, to judge by the activity in a Blackstone Group managed portfolio, says Reuters. In approximately four months sank hundreds of individual investors some 355 m $ in the so-called "hedge funds" seeder ", set up by New York-based investment firm, a recent regulatory filing shows. Overall, says Blackstones Strategic Alliance Fund has raised $ 2.4bn, people familiar with the Fund.

Chicago-based Northern Trust has agreed to buy hedge fund manager Citadel fund administration business, Omnium, acquaintance with the situation said Thursday, the Wall Street Journal reports person. The value of the deal were not known. Both Northern Trust and Citadel refused to comment on. The acquisition is part of the consolidation of the industry, the administration of the Fund as a hedge funds increasingly turn to institutional investors to the capital.

Some of the world's largest hedge funds and private equity groups have had talks with Spain's troubled savings banks as they rush to ensure € 15 ($ 21.3bn) in new capital to avoid a State guarantee, reveals FT funds including Paulson and Co. and buyout groups Cerberus and Apax has held meetings in recent months with several Spanish savings banks to discuss possible investments. "Currently Spain crawling with hedge funds and private equity funds people," said a senior executive at a large savings bank, known as cajas.

Investors still pouring money into China-focused hedge funds despite foot-dragging performance in the midst of a tighter economic environment, says the Wall Street Journal. According to reports, China resources added $ 3.5bn in assets in 2010 a total $ 18.6, like their 68bn. 11% gains were from the global industrial average 10.55%. "The country's equity markets have reacted negatively as the Chinese Government worries about inflation be clearly shown by the recent increases in interest rates, reduced growth forecasts of its 5-year plan and an increase in reserve requirements in January," said.

A Connecticut hedge fund and its manager was sued by the Securities and Exchange Commission to disgorge gains made at the thought of sending hundreds of million of investors ' dollars to fraud scheme operator Thomas Petters, Bloomberg reports. SEC complaint was filed today against Marlon Quan and his Greenwich, Connecticut-based Acorn capital group. The complaint also names as a defendant Stewardship investment advisors, another controlled undertaking of the Quan.

Cheyne capital is one of Europe's largest credit derivative portfolio management groups with a team focused on fundamental credit analysis to determine relative value in credits

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