Monthly Archives: April 2004
Credit Agricole Asset Management to Launch New Fund of Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – Credit Agricloe Asset Management [CAAM] is currently considering a new hedge fund of funds, with the aim of capturing broad market shifts, across the world.Jean-Claude Kaltenbach, the chairman of Credit Agricole�s alternative investments management […]
BNP Paribas buys Javelin Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – Fauchier Partners, an investment management subsidiary of BNP Paribas has purchased the Javelin fund of hedge funds according to released statement. Javelin fundof hedge funds has about US$650 million in assets, and is owned […]
British RTM Union Raises Concern over Massive Hedge Fund Investment
WEST PALM BEACH, FL (HEDGECO.NET) – The leaders of the British Rail workers union have raised some concerns over what they thought were excessive hedge fund investments. The decision was recentlymade by the pension administrators of Rail Pension Scheme, to […]
CSFB/Tremont Hedge Fund Index is Up 0.28% in March
NEW YORK, NY, April 15, 2004 — The CSFB/Tremont Hedge Fund Index is up 0.28% for March 2004, according to Oliver Schupp, President of Credit Suisse First Boston Tremont Index LLC. �Despite a difficult and volatile environment in the equity […]
SEC Approves New Rules against Market Timing
WEST PALM BEACH, FL (HEDGECO.NET) – The Securities and Exchange Commission voted unanimously to pass new provisions against market timing abuses. According to the new rules, mutual fundestablishments must fully detail out their policies to investors with respect to market […]
Hedge Fund Institutional Market in the UK Going Through the Roof
WEST PALM BEACH, FL (HEDGECO.NET) – The hedge fund institutional market in the United Kingdom is gaining momentum. Martin Currie, an Edinburgh based hedge fund manager, said its assets have reachedUS$1 billion mark, about 18 months ahead of schedule. According […]
Mellon HBV Refocuses its Mandate from Special Situations to Event Driven
WEST PALM BEACH, FL (HEDGECO.NET) – Mellon HBV Asset Management has refocused its U.S. Special Situations strategy to Event Driven, according to a new press release. The release explained that thechange was made necessary by unfolding �key event-driven investment opportunities.� […]
Massachusetts Pension Fund to Invest with five Hedge Fund Groups
WEST PALM BEACH, FL (HEDGECO.NET) – The Massachusetts State Pension fund has appointed five hedge fund groups to help the group implement its hedge fund investment strategy. The state pension fundhas devoted about $1.625 billion to hedge fund investments, according […]
Man Group Unveils New Hedge Fund of Funds for US Tax-Advantaged Investors
WEST PALM BEACH, FL (HEDGECO.NET) – Man Group PLC has unveiled a new registered fund aimed at US Tax-Advantaged Investors, according to a recent press release. The new product, Man-Glenwood LexingtonTEI, LLC, is sponsored by Glenwood Capital Investments, L.L.C., and […]
French Banking Giant and Global Asset Manager Under Investigation
WEST PALM BEACH, FL (HEDGECO.NET) – The French asset management firm and banking giant, BNP Paribas is under investigation by the district attorney�s office of Manhattan, New York. The investigationwas triggered by possible improper banking practices discovered by internal audit […]
World’s First Sharia Hedge Fund Launched
WEST PALM BEACH, FL (HEDGECO.NET) – New types of hedge funds continue to hit the hedge fund market, according to published reports, as Islamic hedge funds have recently launched. The Saudi Economicand Development Company have introduced a new Sharia compliant […]
OMAM to Launch Two New Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – The Old Mutual investment managing company has announced plans to launch two new hedge fund strategies according to a press release. The two funds will employlong-short strategies in trading equities the statement said. The […]