Exact(8)
One hedge fund cited Tuesday appeared to have tried to find a loophole in the new rule.
Shortly after, it became clear that FrontPoint was the hedge fund cited in the complaint, and Mr. Skowron was put on leave from the firm.
The fund cited a welter of laws and regulations that have kept major companies on life support while impeding negotiations for selling them to foreign investors continued.
The Qatari fund cited the cost associated with raising additional equity in the current market to cover liabilities for workers' pensions and was criticised for underestimating the scale of its commitment.
Still, the fund cited significant risks of weaker growth and greater inflation and unemployment "arising from uncertainties surrounding sovereign turmoil in parts of the euro area, head winds from fiscal policy, volatile commodity prices and the housing market".
The New Zealand fund cited such reasons for making its first foray into the catastrophe bond market, with a $250 million commitment to a hedge fund run by Elementum Advisors.
Similar(50)
Last month, Trafigura closed its metals hedge fund, citing difficult conditions in commodities markets.
PineBridge's press relations firm declined to comment on the fund, citing Securities and Exchange Commission restrictions on hedge fund marketing activities.
Late last week, Level Global Partners, another prominent hedge fund searched by the F.B.I., decided to wind down its $4 billion fund, citing the "significant challenge" posed by the government's investigation.
The STB Asset Management Company said in April that it was removing Tepco stock from its socially responsible investing fund, citing environmental and health concerns after the accident.
Brooke Harlow, a spokeswoman for J. P. Morgan, declined all comment about the incubator fund, citing S.E.C. rules prohibiting marketing or promotion of hedge funds.
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