The gloves are off…
Just a quick note… Dateline Washington, D.C., Treasury Secretary Timothy Geithner is mad as hell at the way France seems to be bullying the E.U. in regards to hedge funds regulation and is not going to take it anymore. Mr. Geithner has written to French economic minister Christine Lagarde warning her to stop her efforts to discriminate against funds that are based outside of the European Union. Read the story here. Fear not, with Mr. Geithner on the case, I am sure a resolution will be reached and before we all know there will be hedge fund regulation in Europe that puts an end to the lawlessness… or maybe not.
Some news you can use…
Take a look at the stories below. Each provide a glimpse of what is happening right now in the hedge fund industry both in the US and abroad. Hedge Funds post big gains in September: According to Bloomberg, hedge funds had one hell of a September as benchmark for U.S. equities posted very good numbers. Read the story here. Paulson’s Fund is Glittering: According to Reuter’s John Paulson’s flagship fund has reversed its losses and put up strong numbers and now is firmly in the black. Read the story here. No Exodus planned for UK-based Hedge Funds: The Journal reports that “senior figures” in the United Kingdom’s hedge fund industry […]