Monthly Archives: January 2007
Hedge Funds in Bidding for Ameriquest
New York Post – J.P. Morgan Securities is shopping Ameriquest, one of the largest sub-prime mortgage lenders in the U.S., to bond hedge funds, sources said. Ameriquest’s bankers have approached several buyers recently, including Ellington Capital Management, a large Old […]
Hedge Fund managers Indicted for Fraud
HedgeCo.Net (New York) – The managers of KL Group in West Palm Beach, Fla. were indicted yesterday, accused of orchestrating an extensive fraud that raised more than $194million from at least 250 investors. KL operated many hedge funds until March […]
DOW Jones 2006 Performance Review
All of the six hedge fund strategies covered by Dow Jones Hedge Fund Indexes posted net-of-fees gains in December contributing to the strong overall performance for 2006. With a net-of-fees return of 1.77%, distressed securities posted the high return in […]
Fairfield Greenwich Group Adds Investment Professional, Doug Reid
HedgeCo.net – January 10, 2007. Fairfield Greenwich Group, a global alternative asset management firm with over USD $11 billion assets under management, today announced that it has added a seniorprofessional to its team at the hedge fund specialist’s New York […]
Reuters, Dow Jones Veteran Joins LIM to Head Global Sales
HedgeCo.net – CHICAGO, January 10, 2006 – Logical Information Machines (LIM), aleading provider of data, analytics, and research to the world’s largestasset managers, banks and energy concerns, today announced that WilliamG. Cassato has joined the firm as Vice President of […]
Hedge Fund Team Goes Mainstream
The hedge fund and mutual fund worlds seem to occupy parallel universes. Hedge funds cater to the wealthy, luxuriate in secrecy and relish risky tactics, such as selling stocks short and employing borrowed money to magnify their bets. Mutual funds […]
L&G hires senior hedge fund executive
Reuters UK – The investment arm of Legal & General said on Monday that it has appointed former hedge fund executive Ian King to revive its European active equity team after staff exits last year. King will hold the post […]
Ex-US Treasury’s Snow expects hedge fund monitoring
Reuters – Former U.S. Treasury Secretary John Snow said on Tuesday he expected the leaders of the global economy would try to find a way to monitor hedge funds without imposing heavy-handedregulation on them. “The issue here is finding the […]
Multi-manager funds seen growing in Asia
Reuters UK – Demand for multi-manager funds is increasing in Asia and has been a fast-growing area of fund investments globally as investors seek better returns, a top HSBC fund manager said onWednesday. Unlike single-manager funds, multi-managers employ an investment […]
US and Europe Conduct Joint Probe into Hedge Fund Lending
HedgeCo.Net (New York) – US and European regulators are conducting a joint probe into banks and securities firms to see if they are setting careful limits when lending tohedge funds. Officials want to know how much margin banks require hedge […]
HFN Reports 2006 as Good Year for Hedge Funds
HedgeCo.Net (New York) – Early estimates from HFN Hedge Fund Aggregate Average shows plus 1.36% in December and finished 2006 at almost plus 12%. Although trailing theS&P 500 TR’s +15.80%, 2006 was the best year for hedge funds since 2003 […]
Round II — The SEC Takes Aim at Hedge Funds and Private Equity Funds with Proposed Fiduciary Rule and Increased Accredited Investor Standard
HedgeCo.net ( West Palm Beach ) – On December 27, 2006, the SEC published two new rule proposals, a broad anti-fraud rule, and a substantial increase in the net worth standard for individuals who can invest in certain types of private […]