Monthly Archives: June 2006
Banks scramble to catch up on hedge fund fees
International Herald Tribune – When Gerald Hassell, president of the Bank of New York, told shareholders this month that hedge funds presented “opportunities to drive this business,” he did not say how badly his company had been squandering those chances. […]
Fund managers to play and work at HedgeStock
Reuters – Eyes glued to the screen 14 hours at a time, no lunch breaks, on call 24 hours a day, buying, selling and settingnew trends is the busy image that comes to mind of a hedge fund manager. But […]
Fund managers weigh their options after market fall
LONDON (Reuters) – Fund managers who bought derivatives to protect their portfolios before the stock market’s recent downturn could have made a quick 10-fold return but most have held onto the insurance ahead of what is expected to be a […]
ICE announces plans for first coal futures
MSNBC – The IntercontinentalExchange on Wednesday announced plans to launch its first coal futures in a move that highlights rising global demand and the growing importance of banks and hedge fundsin the energy market. The all-electronic exchange already lists utility-based […]
Metro Atlanta investment manager indicted
Atlanta Business Chronicle – Marietta resident Kirk Sean Wright, who ran International Management Associates and International Management Associates Advisory Group, was indicted Thursday on charges of mail fraud. Wright, who had been the subject of a search by federal law […]
Man Group’s Profits to double
WEST PALM BEACH, FL (HEDGECO.NET) – The world’s largest listed hedge fund, Man Group, has more than $48 billion in assets under management when announced last march. They are due to announce on June 1 a near doubling of profits […]
Hedge Funds seeing Metals Meltdown
WEST PALM BEACH, FL (HEDGECO.NET) – “Meltdown May†is a catch phrase for weary traders and managers who remember last year’s volatility in the hedge fund market. Now they are beginning tobelieve that this year’s troubles could be far worse. May has […]
Federally registered Hedge Fund Advisers on the rise-new survey
WEST PALM BEACH, FL (www.hedgeco.net) – A new released survey has found that the number of federally registered investment advisers providing their services to hedge fund clients is on the increase.While on the other hand, the numbers of mutual fund […]
Lipper Tass, Institutional Investor News, and Glocap release 2005 Hedge Fund Compensation Report
WEST PALM BEACH, FL (www.hedgeco.net) – Institutional Investor News, Glocap Search LLC and Lipper TASS have unveiled the 2005 Hedge Fund Compensation Report, the new report takes a critical analysisof the factors influencing the level of compensation for the U.S. […]
Hedge Funds move into Municipal Bonds
WEST PALM BEACH, FL (www.hedgeco.net) – Increasing number of hedge funds are embracing less risky municipal bonds, the strategy dubbed munitrade arbitrage, is a simple trade in U.S. municipal bonds.Analysts believe the strategy has become attractive to hedge funds from […]
SEC Charges Hedge Fund Manager with fraud
WEST PALM BEACH, FL (www.hedgeco.net) – The U.S. Securities and Exchange Commission [SEC] has charged a hedge fund manager with fraud for allegedly lying and deceiving investors. According to the SECCharges, Jon Hankins of Tenet Asset Management Company a 33-year […]
Bank exposure to Hedge funds on the rise-BIS
WEST PALM BEACH, FL (www.hedgeco.net) – The Bank for International Settlements in Basel Switzerland has commented on the rising level of Banking Institutions� exposure to Hedge funds. According toBIS, while altogether banks had strengthened controls around hedge funds their exposure […]