Hedge find managers seem to have benefit from the strong recovery in the financial sector and the government coming to the aid of large banks on the brink of collapsing. According to industry reports, managers of leading hedge funds raked in billions as fees and capital gains last year. [Read more…]
New York Gains, London Slips as Favored Destination for Financial Companies
A recent report released by the City of London Corporation has ranked New York as the top destination for financial companies. The top spot was held by London six months ago, but New York scored the joint highest rating in the latest study. [Read more…]
Private Equity Firms and Hedge Funds Face Uphill Battle
The worst of the recession seems to be over, but the crisis has done irreversible damage to many industries. Hedge funds and private equity firms are among those that are finding out that life after the recession is not as easy as it used to be before it.
At the height of the financial crisis, both private equity firms and hedge funds faced some serious redemption pressure which threatened their very existence. Many companies simply refused to repay the investors at that time or imposed severe restrictions on withdrawals. This completely changed the investors’ perception of these funds and the investors have now become much more demanding. These companies are now finding out the hard way that you can not just make your investors angry and get away it. [Read more…]
