Monthly Archives: June 2006
S&P’s hedge fund indexing foray goes awry
Standard & Poor’s, which runs some of the world’s most widely followed equity indexes, hasn’t fared as well in its efforts to track the performance of hedge funds. S&P said earlier this week that it will stop publishing its investable […]
Hedge funds and precious metals lead pack at year’s halfway point
Globe and Mail – If things continue the way they have, 2006 could once again be the Year of the Hedge in the mutual fund world. The final numbers are still trickling in but as we cross the year’s halfway […]
The long and short of an asset class
National Post – When Derek Webb started a long/short Canadian hedge fund early in June, he said he would go long and short both Canadian stocks and income trusts. Forensic accountant Al Rosen of Rosen & Associates in Toronto views […]
Beware the iPod Rumors
NewsFactor Network – While writing a story today on a Wall Street analyst’s prediction that Apple will be late in shipping its new iPod Nano, I noticed the effect the report had on Apple’sstock. Naturally, Apple fell on Wednesday. The […]
Hedge fund demands sale of Sunterra Corp.
WEST PALM BEACH, FL (HEDGECO.NET) – Sunterra Corp, a Las Vegas time-share company is facing pressure from hedge fund Chapman Capital, which holds 8.4 percent, a 1.6 million stake in the company. Sunterra has a market value of about $174 […]
24 Counts of Hedge Fund Fraud
WEST PALM BEACH, FL (HEDGECO.NET) – A hedge fund manager who disappeared three months ago with millions of dollars belonging to at least 500 investors now has 24 additional counts in his federalfraud case. Kirk Wright, formerly of supposed hedge […]
Pragmatic Approach for Hedge Fund Regulation
WEST PALM BEACH, FL (HEDGECO.NET) – In the Report, FSA Chief Executive John Tiner said, “We have been careful to be proportionate in our regulation of hedge fund managers, bearing in mind the highly mobile nature of the business and […]
US states set to draw up hedge fund rules
Times Online – CALLS to impose stiff rules on hedge funds intensified last night as Richard Blumenthal, the Connecticut attorney-general, told politicians that states were poised to join together todraw up their own regulations to govern the $1.2 trillion (£660 […]
Hedge funds lose this year’s gains in a month of turmoil
Financial Times – The recent market turmoil has wrong-footed a wide swathe of hedge funds, many of which have seen their gains this year wiped out in the past few weeks, according to figures obtained by the Financial Times. Nearly […]
FUND VIEW-IMS backs absolute return-oriented funds
Reuters.uk – Paul Kim, a fund manager at IMS, told Reuters he has increased exposure to absolute return-oriented portfolios because he believes the stock market will remain turbulent this summer. Kim, a multi-manager who co-manages around 4 billion pounds in […]
Hedge fund inquiry led to firing, attorney says
Rocky Mountain News – A former government attorney told Congress on Wednesday that he was fired last summer after he tried to subpoena a prominent Wall Street executive to testify in aninsider-trading investigation of a major hedge fund. Attorney Gary […]
‘Happy Meals’ Satisfy Firms, Hedge Funds
Street.Com – It may not be healthy for kids to gorge themselves on McDonald’s Happy Meals, but corporate America is certainly indulging. The corporate “happy meal” has nothing to do with burgers, fries or movie-themed toys. Rather, companies are financing […]