Author Archives: the HedgeCo News Team
SEC and PAUSE help to warn investors of securities fraud
West Palm Beach (HedgeCo.Net) – The SEC is stepping in to protect investors against fraudulent sales pitches and other investment related scams. Their new initiative, "PAUSE," which stands for Public Alert: Unregistered Soliciting Entities, aims to educate investors about current […]
Hedge funds shorted Challenger shares
Business Spectator- High-profile Sydney lawyer Chris Murphy has pointed the finger at hedge funds, saying that the funds were responsible for the short selling of shares held in his Opes Prime accounts. Mr Murphy said that he believes that his […]
India-focused hedge funds lose over 25% in 2008
Hindu Business Line- India-focused hedge funds have lost a jaw-dropping 26.6 per cent till date in 2008, after clocking returns of nearly 52 per cent last year. Hedge funds are believed to be able to generate positive returns, even when […]
Proposed guidelines offer best practices for hedge funds instead
The Associated Press- In the place of new government regulations, the Bush administration is coming forward with some industry-developed "best practices" to guide the operation of hedge funds. Those guidelines were scheduled to be unveiled Tuesday by Treasury Secretary Henry […]
Pension funds welcome hedge fund standards
Reuters- More than half of pension funds will require the hedge funds they invest into comply within three years with best practice standards recently proposed by a hedge fund industry group, according to a KPMG survey on Monday. In January […]
He saw fund gold mine, and a Morningstar was born
Chicago Sun Times- Bonanza opportunities are all about spotting unfilled needs. Almost a quarter century ago, a young investment analyst at Chicago’s Harris Associates had a burning frustration over the lack of transparency in the daunting jungle of mutual fund […]
China fund buys nearly 1 percent of BP
Reuters- China has accumulated a stake of just under 1 percent in BP, raising fresh questions about Beijing’s strategy for investing its huge foreign currency reserves. A spokesman for BP, Britain’s largest company, said it was aware of the Chinese […]
Paulson Panels Lay Out Hedge Fund ‘Best Practices’
Bloomberg – Two panels appointed by Treasury Secretary Henry Paulson advised hedge funds to adopt guidelines including increased disclosure and strengthened management of risk in the aftermath of the rout in credit markets. “Hedge funds, along with other market participants” need […]
Hedge Fund TCI May Freeze J-Power Voting Rights, Nikkei Says
Bloomberg – The Children’s Investment Fund Management Ltd. told Japan’s government it’s willing to freeze a portion of voting rights if it succeeds in increasing its stake in Electric Power Development Co., the Nikkei newspaper reported. The U.K.-based fund, also […]
Former hedge fund manager receives 20 year sentence
West Palm Beach (HedgeCo.Net) – Samuel Israel III, the former hedge fund manager for the Bayou Group, has been sentenced to 20 years in prison, one of the longest terms ever given to a white-collar criminal. Israel pleaaded guilty in […]
Lehman liquidates three floundering funds
Reuters- Lehman Brothers has liquidated three floundering investment funds that lost value and ended up taking $1 billion (500 million pounds) of assets from the funds onto its balance sheet, according to a filing with the U.S. Securities and Exchange […]
Brokerages stampede to India to launch funds
MUMBAI (Reuters)- International and domestic financial firms are queueing up to launch mutual funds in India, lured by attractive fees and rising valuations in Asia’s third-biggest economy, and to counter the impact of a sharp fall in broking fees. At […]