Hedge Fund Focus

The video below discusses the following issues this week:

Connecticut Does Not Pass Hedge Fund Bill

A Connecticut bill seeking to enforce transparency regulations on hedge funds was not brought to a vote at the state house of representatives. According to the Wall Street Journal, the House failed to vote on it before the 2009 legislative session ended.  Lawmakers say the bill will not be revived in special sessions because it is not related to the budget. The Bill requires fund managers which have not voluntarily registered w/the SEC to alert investors to any material conflicts of interest.

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Paulson & Co. Suffers Loss after Closing Position in Barclays

Paulson & Co. suffers a loss of $165 million after closing its short position in  Barclays. According to the Financial Times, the hedge fund firms’ short interest in the UK bank dropped below .25% down from 1.17% on November 3rd, 2008. Paulson had been shorting Barclays since September.

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GLG Names New Managers for UK Equity Funds

GLG partners named new managers for 5 new UK equity funds it obtained as part of an acquisition. According to the Financial Times, the Firm’s UK equities head, John white, along with Jason Mackay will manage the UK growth active 250  income small companies and special opportunities funds.

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