Legal Commentary

Hedge Fund Losses, Layoffs, Closures, and Fee Cuts
Hedge funds, like other market participants, are both victim and, to some, creators, of the current market crisis. In September, hedge fund investors redeemed an estimated $43 billion of approximately $1...

Investing in a Hedge Fund is Like Joining the Country Club
Yes, "successful" mutual fund and hedge fund managers are just lucky. Here is the math. Why they don't people invest in a boring fund like Vanguard's S&P 500 Index, or PIMCO Total Return? Because then you don't get to say, "I invest with [insert prestigious hedge fund]...

Hedge Fund Activity In a Bidder
On my final exam last semester the students were asked to advise a hedge fund that has purchased shares of a bidder in a control acquisition of a third party target. The hedge fund wants leverage to break up the...

The value of hedge-fund experience
A lot of asset-management professionals dream of one day running a hedge fund. But in the case of Maxime Carmignac, it looks more like it's the other way around: the heir apparent to the $48 billion Carmignac Gestion fund-management empire is now running an internal $100 million hedge fund as part of her preparations for taking over from her father as CEO, CIO, or both.

Hedge Fund Investors Still Bullish
Despite selected academic studies showing hedge fund investors that the investments do not "beat the market," the hedge fund investors themselves disagree. The investors expect to put $200 billion in hedge funds this year and expect their funds to make...

Key Guidance On Hedge Fund Investing
On Tuesday, May 13th, I presented Key Guidance On Hedge Fund Investing, a webinar highlighting important information contained in the "Report of the Investors' Committee to the President's Working Group on Financial Markets, Principles and Best Practices for Hedge Fund...

Hedge Fund Billionaires Pay Lowest Income Tax Rates
Did you know that hedge fund managers pay a lower income-tax rate than you? Hedge fund managers only pay 15% income tax. How? When you take a draw of your partnership profits, it's treated as income...

2008: The Year of the Hedge Fund Activist
2008: The Year of the Hedge Fund Activist Join us tomorrow for the webcast - "2008: The Year of the Hedge Fund Activist" - to learn about the latest strategies and tactics used by hedge fund activists, as well as...

Hedge Fund Haters: Read Joe Nocera Today in the NYTs
Joe Nocera, in today's NYT business section, interviews a hedge fund manager, Neil Barsky, who is hanging it up. What a wonderful column. All critics of hedge funds should read this...

Israel, Founder of Bayou Group, a Hedge Fund, Goes to Jail
Samuel Israel, III, the co-founder of a hedge fund, Bayou Group, was sentenced to 20 years in prison two days ago. His Connecticut based hedge fund took $400 from investors and lied to them about profits and losses...

Lawyer Jokes
Law Humor

Hedge Funds
alleging companies involved in mortgage fraud.

Ariel Fund
ARGFX

Ariel Fund
401(k) / ERISA Stock Fraud

The Reserve Fund's Primary Fund
RFIXX

Oppenheimer Champion Income Fund
OPCHX

Oppenheimer California Municipal Fund
OPCAX