hedge funds News
Allianz Exec Views Hedge Funds as Insurance Industry Asset
Chris Fischer Hirs, the head of Allianz SE's specialty insurance business, said he welcomes the growing participation of Wall Street in the insurance industry as an opportunity, not a threat. "Hedge ...
PwC: Alternative Investment Growth Set to Soar Over Next Five Years
The alternative investment industry, which includes hedge funds, private equity and real assets, is expected to grow fivefold to at least $13.6 trillion in the next half decade, professional services ...
Hedge Funds Gain by Gambling on Lawsuits
For better or worse, the lawsuit-finance market continues to grow. Hedge funds and others speculating on litigation are making more and larger bets. Some corporate lobbyists warn that the new ...
U.S. Currency-Rigging Lawsuit to Proceed Against 12 Big Banks
A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. U.S. District ...
XL Group’s CEO Bashes Hedge Fund Insurance Investments
Hedge funds looking for new investments may be pushing too fast into insurance, said Michael McGavick, the chief executive officer of XL Group Plc. McGavick joins Franklin Montross, the CEO of ...
Treasury Concerned About Hedge Funds Using Bermuda Reinsurers to Skip Taxes
The U.S. Treasury Department said it's considering ways to end a "loophole" that allows hedge- fund managers to avoid taxes by routing their investments through an insurance company in low-tax ...
Hedge Funds Shut Out Nonprofits in FHA Sale of Distressed Loans
The U.S. Federal Housing Administration started selling distressed loans in 2012 to help communities hit hard by foreclosures while also reducing losses to its taxpayer-backed insurance fund. Two ...
Goldman Sachs: Many P/C Insurers Plan Riskier Investments
Nearly 40 percent of property/casualty insurers say they'd like to increase holdings in alternative investments in the coming months to combat low yields, according to a new Goldman Sachs Asset ...