Sovereign wealth fund with $1m+ salaries is leaking people to hedge funds

If you work for a hedge fund, your salary will typically be low and your bonus will typically be high. In the good times, it therefore makes sense to work for a hedge fund. In the bad times, it's better to max your salary elsewhere.

Given that these have been bad times for some hedge funds, it's interesting to note - then - that people have been leaving the most salary-maxxing employer in the market:  the Abu Dhabi Investment Authority (ADIA). READ MORE

SEC proposes basic rules for private equity, hedge funds

The financiers atop the growing $18 trillion field of private funds — hedge funds, private equity funds and others — would be required, under a new proposal from federal regulators, to provide investors with quarterly investment statements regarding fees and returns.

Although the proposal requires these firms to provide only basic information to investors, the proposal was described as a “sea change” in federal regulation because the Securities and Exchange Commission largely has steered clear of mandating disclosures for such investments. READ MORE