Monthly Archives: June 2006
Global stocks, bonds as good as hedge funds
Reuters – The hedge fund industry may promise top returns in all market conditions, but often a well balanced portfolio of international and U.S. stocks and bonds can deliver similar results for lessmoney, a study released on Tuesday shows. Over […]
Italy May unit trust prelim net outflow 5.2 bln eur vs outflow 1.24 bln in April
Forbes – Italy’s unit trust funds had a net outflow of 5.2 bln eur in May, against a net outflow of 1.24 bln in April, said Assogestioni fund managers association in a preliminary estimate. Equity funds had a net outflow […]
Institutional investors must face challenges posed by hedge fund operational risk
Institutional investors need to focus more on operational risk processes when choosing hedge fund managers, according to new research. The full report commissioned by The Bank of New York in conjunction with Amber Partners: Hedge Fund Operational Risk: Meeting the […]
SEC moves on Ponzi Scheme
Boston Herald – Federal regulators yesterday moved to freeze the assets of a Wakefield hedge-fund manager who allegedly engaged in a Ponzi-like scheme that included diverting $11.5 million in client funds to a firm he co-founded with a college pal. […]
Foundation For Managed Derivatives Research Appoints Damian Handzy To Board Of Directors
WASHINGTON, D.C., June 6, 2006 — The Foundation for Managed Derivatives Research (FMDR) announced today that Damian Handzy has been appointed to serve on its Board as a director. Mr. Handzy joins the FMDR Board to replace Randy Warsager, who […]
The Long And Short Of Hedge Funds
Motley Fool UK – Hedge funds are supposed to make money for their investors regardless of market conditions, right? But all is not well at the moment. In May, hedge fund managers reportedly gave up about half of this year’s […]
India-focused hedge funds under strategy spotlight
Reuters – Funds using a hedge fund banner to charge higher fees while only betting on India’s rising stock market are likely to come under the spotlight at a conference in Geneva later this month. About 20 hedge funds focus […]
Hedge Funds Star in a Picture We’ve Seen Before
Bloomberg – We’ve been down this road before. That’s the strong sensation that comes over me just about every time I happen upon some new status report on the growth and evolution of hedge funds. Don’t get me wrong — […]
European Central Bank sees Hedge Funds as Risky
WEST PALM BEACH, FL (HEDGECO.NET) – The European Central Bank (ECB) is warning traders that hedge funds have created a “major risk†to global financial stability. Franz Müntefering, who is the deputy German chancellor, described them as “locustsâ€Â. In an […]
Former UBS Manager to set New Hedge Fund Record
WEST PALM BEACH, FL (HEDGECO.NET) – Jon Wood is planning to raise up to $6 billion for a new hedge fund. If all goes as planned he will have set a record for the largest start up in the European […]
Aima Gives Financial Instrument Directive Warning
WEST PALM BEACH, FL (HEDGECO.NET) – Today, the Alternative Investment Management Association, AIMA, issued a clear warning to hedge fund managers not to drag their feet on implementing the Markets in Financial Instruments Directive (“MiFIDâ€Â). MiFID, which is due to […]
Inside Wall Street\’s Culture Of Risk
BusinessWeek – On the 31st floor of a skyscraper overlooking Times Square one recent spring day, a dozen or so of Lehman Brothers Inc.’s (LEH ) top executives filed into a conference room to run through risks, relive past financial […]