Monthly Archives: March 2007
Hedge Funds Throwing Their Weight Around with European Governments
Hedge funds, somewhat like mutual funds but without much of the burdensome regulation and responsibility, are attracting huge investments, and throwing that weight around. Recently, hedge funds havebeen pushing to gain access to a European bond trading network, and a […]
Fund of Hedge Funds Summit, May 10-11, 2007 New York, NY
With hedge fund returns averaging 10% for 2006 and with assets soaring to over $1.2 trillion dollars there is about $700 billion invested into hedge funds through fund vehicles. As many hedge funds continue to increase their leverage in pursuit […]
Hedge Fund Shareholders Withdraw from Northwest Deal
New York – Hedge fund shareholders withdrew their motion to have a say in the payment deals after the Northwest Airline Corp reorganization, surprising U.S. Bankruptcy Judge Allan Gropper. The hedgefund committee claims that Jugde Gropper has not allowed an […]
Ritchie to Sell Flagship Hedge Fund
New York- Ritchie Capital Management Ltd has been struggling for two years now with below-average returns and the word is out that the company plans to sell its flagship hedge fund to equal partnersin the venture, Reservoir Capital Group and […]
Group near buying Enron international assets
Reuters – A group of private equity and hedge fund managers appear to be near to buying the international assets of Enron Corp. for close to $2 billion, the Wall Street Journal reported on Thursday. The group seems to be […]
SEC claims hedge fund falsified returns
MarketWatch – The Securities and Exchange Commission on Thursday charged securities broker and investment adviser Global Crown Capital LLC with fraudulently hiding from investors the trading losses of hedge fund Cogent Capital Management. The agency alleges that Rani Jarkas and […]
SEC commissioner criticizes hedge fund rule
Boston Globe – A new hedge fund registration rule has created extra burdens for the Securities and Exchange Commission without protecting investors, one of the agency’s Republican commissioners saidyesterday. The new rule has proven ”costly and ineffective,” commissioner Paul S. […]
New Star Asset Mgt profits beat forecasts
Reuters – British fund firm New Star Asset Management (NSAM.L: Quotazione, Profilo) said on Friday its full-year earnings rose 82 percent in 2005, beating most analysts’ forecasts. The firm, founded by John Duffield in 2000, said operating earnings before tax, […]
Man Group profit to top forecasts on performance fees
Investors Business Daily – Man Group, the world’s largest publicly-traded hedge fund manager, said Friday that its pretax profit will outpace analyst estimates thanks to stronger-than-forecastperformance fee income. Man Group (EMGEMG) said profit before tax and exceptional items for the […]
Advice for CEOs of Newly Registered Hedge Funds: Pay Close Attention to Compliance Regulations – Interview with Michael T. Jackson
HedgeCo Q&A with Michael T. Jackson, the retired chairman and CEO of the San Francisco-based registered investment advisor EGM Capital corporation. Six years ago, Michael T. Jackson was preparing for a much-deserved retirement. The firm he founded, the former EGM […]
Last Atlantis Capital Management launches Proprietary Options Program
ST. THOMAS, USVI – Last Atlantis Capital Management, LLC (St. Thomas, USVI) announces the launch of The LACM Proprietary Options Program in The Last Atlantis Master Fund. Within Proprietary Options, program traders implement internally developed arbitrage strategies that correlate with […]
Hedge funds create new strategies
Bobsguide – Hedge funds are planning an array of new strategies to continue to provide higher returns for investors, according to a leading expert. Fund manager PSolve Alternative Investments told Reuters that funds are being forced to devise new ways […]