Monthly Archives: June 2004
UK’s big Pension funds may reduce domestic equity holdings in favor of hedge funds
WEST PALM BEACH, FL (HEDGECO.NET) – As the appeal of hedge funds to pension schemes continues to rise in the United Kingdom, some of the UK’s biggest corporate pension funds may likely reduce theirholdings in the domestic equity markets during […]
State Street to provide custodian services to German Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – State Street Global Advisors [SSGA] has announced that it will be offering custodian services to German Hedge funds, through the SSGA Munich, a banking subsidiaryof SSGA. According to the managing director of State Street, […]
New Hedge Fund start-ups slow in Asia
WEST PALM BEACH, FL (HEDGECO.NET) – The first half of 2004 has seen a decline in the number of new hedge fund launches in the Asian region; experts think part of the problem is the unstable stockmarkets, added to an […]
The Securities and Exchange Commission of Singapore issues an injunction against a Hedge Fund company
WEST PALM BEACH, FL (HEDGECO.NET) – The Securities and Futures Commission of Hong Kong, (SFC) has issued an interim injunction against a Hong Kong based hedge fund manager and its executive, CharlesSchmitt, to stop the firm from conducting activities in […]
Merger Arbitrage strategy expected to pick up in US Capital Markets according to fund manager
WEST PALM BEACH, FL (HEDGECO.NET) – The increasing merger and acquisition activities in the US Capital markets since the end of accounting and corporate scandals will give rise to a new flurry ofmerger and arbitrage opportunities. This is according to […]
SEC files fraud charges against four officers of a Hedge Fund company
WEST PALM BEACH, FL (HEDGECO.NET) – The U.S. Securities and Exchange commission [SEC] has filed charges against four officers of Beacon Hill Asset Management LLC, a hedge fund firm relating withabout $300 million losses in investor assets. SEC officials also […]
Brazilian Hedge Funds lost 3.8% in May
WEST PALM BEACH, FL (HEDGECO.NET) – Brazilian Hedge funds lost a total of 3.8% in May according to Bloomberg news. Such a loss, the first in 15 months is causing some concern among some hedge fundinvestors, who are reportedly withdrawing […]
New Mutual Fund group chief calls for Hedge Fund reforms
WASHINGTON (Dow Jones)–The new head of a leading mutual fund trade group endorsed strong medicine for the industry’s trading scandals and said it should extend to brokers who sell mutual funds andhedge funds that profited from “predatory” mutual fund trading. […]
Mutual Fund lobbying group backs SEC’s Hedge Fund regulatory oversight
WEST PALM BEACH, FL (HEDGECO.NET) – The president of the mutual fund industry’s lobbying group endorsed the recent efforts by the Securities and Exchange Commission to subject the US hedge fundindustry under its regulatory oversight. Paul Stevens who was recently […]
Lawyers think SEC will announce new Hedge Fund laws soon
WEST PALM BEACH, FL (HEDGECO.NET) – Some lawyers think the SEC is ready to announce new hedge fund laws; the new laws will mandate hedge funds to register with the SEC, thus bringing an era ofloosely regulated activities of hedge […]
CSFB/Tremont releases Indices for May 2004
NEW YORK, NY — The CSFB/Tremont Hedge Fund Index is down 0.23% for May 2004, according to Oliver Schupp, President of Credit Suisse First Boston Tremont Index LLC. �Exogenous factors continue to drive the overall market conditions – fears of […]
Hedge Fund assets to account for over 5% of total global financial assets by 2009
WEST PALM BEACH, FL (HEDGECO.NET) – Attendees at the annual Global Alternative Investment Management conference were told that the rate at which global hedge fund assets are growing, by 2009, hedgefund assets will constitute between 5% and 9% of the […]