Author Archives: the HedgeCo News Team
Hennessee Hedge Fund Index Up for April
Hennessee Group LLC, an adviser to hedge fund investors, announced yesterday that the Hennessee Hedge Fund Index advanced +1.92% in April (+5.44% YTD). “While the strong equity markets have been a wind at the back of hedge fund performance, most […]
Managers Pay More to Compete with Hedge Funds
Financial News Online US- Fund managers are being forced to pay their brokers more in commissions to compete with hedge funds for the sellside’s best ideas and service. The findings are one of the unintended consequences of unbundling of commissions […]
SEC probes Fairfax claims on funds tactics
Financial Times- The Securities and Exchange Commission is investigating claims made in a high-profile dispute between Canadian insurer Fairfax Financial anda group of powerful hedge funds that the company says used underhanded tactics to drive down its share price, according […]
SEC Settles Against Zurich Hedge Fund With A $16 Million Penalty
The Securities and Exchange Commission announced a settled administrative proceeding against Zurich Capital Markets Inc. for its role in providing financing to hedge fund clients that engaged in market timing of mutual funds and facilitating the hedge funds’ deceptive trading […]
Edwards Discusses Time At Hedge Fund
Associated Press-Democrat John Edwards said Tuesday that he worked for a hedge fund between presidential campaigns to learn about financial markets and their relationship to poverty – and to makemoney too. In an interview with The Associated Press, the former […]
Hedge funds have best April since 1999
MarketWatch- Hedge funds generated their biggest gains in more than a year in April as stock markets surged, especially in emerging markets. However, some managers are becoming more cautious as benchmark equity indexes hit records. An index compiled by Chicago-based […]
CBRE, Reech Launch First of 6 Property Hedge Funds
Reuters- Property services firm CB Richard Ellis and derivatives specialist Reech AiM said on Tuesday they planned to launch a global series of 6 property hedge funds worth a total of 2.4 billion pounds ($4.79 billion). The two groups said […]
Hedge-Fund Technique by Harvard, Stanford Gets Senate Scrutiny
Bloomberg- Senate aides, looking for new sources of revenue, are studying how Harvard, Yale and Stanford are using offshore hedge funds to avoid tax bills. Staff of the Finance Committee discussed the matter yesterday with experts on taxes and hedge […]
Funds bet markets will remain calm
Financial News Online US- “Speak softly but carry a big stick,†was the West African proverb adopted by former US president Theodore Roosevelt. It could be the motto of the hedge fund industry. While most keep a low profile they […]
Zurich Pays $16.8m to Settle On Market Timing
Financial Times- Zurich Financial Services agreed Monday to pay $16.8m to settle allegations that its New York-based capital markets arm provided funding to four hedge funds that engaged in impropermarket timing of mutual funds. The US Securities and Exchange Commission, […]
Canadian Hedge Fund Launch
Goodman & Company Investment Counsel Ltd. announced the launch of the Dynamic Global Value Balanced Fund, a balanced fund offering global diversification. The fund highlights active hedging as risk management, minimizing sensitivity to interest rate and credit spread changes and […]
Daniel Moses Joins Longacre
Daniel Moses Joins Longacre Longacre Fund Management, LLC (“Longacreâ€Â) is pleased to announce that Daniel Moses has joined the firm effective, May 7, 2007, as a Managing Director with senior research analyst duties on Longacre’s distressed strategies and primary […]