Hedge fund manager Alberto Micalizzi faces lifetime ban (Fund News)
The UK regulator is seeking to impose a lifetime ban and a record £3m fine on the manager of a $550m hedge fund that spectacularly collapsed in 2009 after investing most of its money in obscure Russian diesel fuel bonds.
JOBS Act expected to be beneficial for Hedge Funds (Fund News)
President Barack Obama’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.
Credit Suisse to liquidate the CS Euroreal Property Fund (Fund News)
Credit Suisse Group AG plans to liquidate its €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.