This content is from: Portfolio

The Morning Brief: Paulson, Tepper Said to Co-Chair Romney Fundraiser

A handful of hedge fund managers were invited to attend a last-minute cocktail reception Monday afternoon for Republican vice-presidential candidate Paul Ryan. Well-known hedge fund managers believed to be co-chairing the event included Paulson & Co.’s John Paulson, Appaloosa Management’s David Tepper and Blue Ridge Capital’s John Griffin.

The Dow Jones Credit Suisse Hedge Fund Index was up 1.04 percent in September.

Hedge funds that specialize in emerging markets are among the top performers so far this year.

Dodd-Frank has been much ado about very little when it comes to private partnerships having to register with the SEC. So says a new academic study published by Wulf Haal, a law professor at the University of St. Thomas in Minneapolis. According to Haal’s team, three-quarters of 94 advisers to private-equity, venture capital, real estate, and hedge funds who responded to his survey said that the new registration and disclosure requirements have not affected their investors’ returns. In addition, four-fifths said Dodd-Frank did not impact their decision-making regarding the size of their funds.

A major Chinese private equity fund is preparing to get into the hedge fund business. SAIF Partners, which currently has about $4 billion under management, plans to launch a Greater China hedge fund.

HSBC Holdings Plc, a major administrator for hedge funds, is scaling back its involvement with smaller Asian funds.

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