Monthly Archives: March 2007
Proposed Legislation for the New York State Assembly
HedgeCo.net – The following is the latest information on proposed legislation for the New York State Assembly. Led by Assemblyman William F. Boyland Jr., New York State Assembly Bill – A06583 seeks to authorize investments in hedge funds and fund-of-hedge […]
Hedge Funds Seek Bargains Among Subprime Lenders
Farallon Capital Management LLC disclosed talks to buy Accredited Home Lenders Holding Co. before extending it a loan, joining rival hedge funds in the hunt for mortgage assets at bargain prices. Farallon said in a regulatory filing today that takeover […]
State Street Hedge Fund Study of Institutional Investors Shows …
State Street Corporation (NYSE: STT), the world’s leading provider of financial services to institutional investors, released today its third institutional investor hedge fund study. State Street conducted the study late last year in conjunction with the 2006 Global Absolute Return […]
Self-Regulation of Hedge Funds Endorsed
April 1, 2007 – To regulate or not to regulate hedge funds? That is the question now being hotly debated following a government group’s recent report asserting that the hedge fund industry needs no further government regulation and that these […]
SEC Returns $38 Million To Hedge Fund Victims
HedgeCo.net – The Securities and Exchange Commission today announced in a press release the distribution of approximately $38 million in Fair Funds to approximately 810 mutual funds that were victims of fraudulent market timing and late trading by the Veras […]
Further Transparency for Hedge Funds
HedgeCo.net – London 20th March 2007. The Alternative Investment Management Association (AIMA), the leading global hedge fund and alternative investment industry association has issued a new Guide to Sound Practices for Hedge Fund Valuation. The Guide builds on the ground-breaking […]
Commerzbank plans to expand its funds of hedge funds operations …
Frankfurt (AFX) – Commerzbank AG is planning to expand its business of funds of hedge funds and aims to increase funds it has under management to 4-5 bln eur in the medium term, the head of Alternative Investment Strategies at […]
Hedge Funds Oppose Northwest Offering
A group of hedge funds that holds Northwest Airlines Corp. stock is asking the bankruptcy court to delay a ruling on the company’s request to conduct a rights offering to raise up to $750 million to fund its bankruptcy exit. […]
Fueled by hedge fund growth, investment jobs triple in Conn.
Hartford, Conn. — Hedge fund growth is fueling a striking increase in the number of investment jobs in Connecticut, state officials report. The number of jobs in Connecticut, long a magnet for the investment industry because of its proximity to […]
Yen exchange rate and hedge funds
India – The yen and hedge funds are at centre stage, but what will happen if China diversifies into holding the yen. In an earlier article, I had referred to the large bets of hedge funds in the “carry […]
Investcorp Launches Early Stage Fund and Wins Hedge Fund Award
HedgeCo.net – Bahrain-based $5 billion hedge fund Investcorp has won the Institutional Hedge Fund Manager award at the inaugural Hedge Funds World Awards in Dubai. The awards are designed torecognise and encourage excellence in the Middle East hedge fund industry. […]
Compatibility of pension funds, hedge funds questioned at hearing
Washington – The possibility of limiting pension fund involvement in hedge funds was raised last week by legislators and hedge fund industry representatives at a hearing on Capitol Hill on howmuch risk hedge funds pose for financial markets. Limitation on […]