Author Archives: the HedgeCo News Team
German Finance Minister Takes A Closer Look at Hedge Funds
HedgeCo.Net (New York) – German Finance Minister Peer Steinbrueck will push for more oversight of hedge funds at this week’s G7 meeting in Essen, Germany. In particular,Steinbrueck wants banks to disclose to regulators how much money they lend to the […]
Rand weaker on hedge fund sell-off
Reuters South Africa – South Africa’s rand eased against the dollar on Monday, tracking a general weakness among commodity currencies triggered by a sell-off by hedge funds and may trend weakerduring the session, dealers said. The rand was softer at […]
Austock launches into hedge fund sales
Financial Standard – Austock Securities has snapped up two directors from Citigroup’s hedge fund sales business to start their own hedge fund sales team. Nicki Ashton and Michael Cori both worked as directors in hedge funds sales at Citigroup prior […]
AIM-TO announces interface w/ Australian Investment Bank
HedgeCo.net — New York, NY (January 17, 2007) AIM-TO announce a successful launch of a new version of their post-trade, operation reporting and risk management platform VerusHedge. The new version of the software has a specialized interface with Australia’s leading […]
Anne Marie Gagnon Joins Voyager Management
HedgeCo – Anne Marie Gagnon has joined hedge fund firm Voyager Management, LLC as a partner responsible for strategic and business development, including global marketing and distribution to the firm’s private client and institutional investors. The partnership appointment was announced […]
Hedge Funds Head for Mediocrity
Time — In 1962, a government study of mutual funds revealed that they were, on average, average, or worse. This was an affront to many on Wall Street who assumed that, of course, professional investors beat the market. It was left to […]
Wadhwani closes his top funds in change of focus
Times Online -Sushil Wadhwani, the high-profile former Bank of England Monetary Policy Committee member and hedge fund manager, has closed his best-known fund, it emerged yesterday. The closure came more than four years after the Keynes fund was one of […]
Bad Loans Hit Housing Lenders
BusinessWeek – On a good day for homebuilder issues, shares of mortgage lenders fell on new worries about borrowers’ ability to pay. What was good news in the market for homebuilders on Jan. 17 didn’t carry through for mortgage lenders, […]
Mom-and-pop investors say hands-off our hedge funds
Financial Times – It’s just not the kind of the thing you hear every day. Individual investors are protesting against the SEC’s proposal to raise the investment threshold for anyone who wants to invest in hedge funds in the United […]
Taking aim at hedge funds
Boston Globe – Everybody’s getting into hedge funds, including Bill Galvin. The Massachusetts secretary of state, who also happens to be the state’s top securities regulator, clearly had the hedge-fund industry in his sights at the start of this year. […]
$200000 penalty for actor’s mother
Chicago Tribune – The mother of actor Vince Vaughn must pay a $200,000 civil penalty as part of an agreement reached with the Securities and Exchange Commission over the management of her Lake Foresthedge fund company, Directors Financial Group Ltd. […]
Harcourt launches Belmont Latin America Ltd.
Harcourt Investment Consulting AG has launched Belmont Latin America Ltd, a fund of hedge funds fully dedicated to a Latin American investment focus. The fund was launched in October 2006 and allows investors to benefit from exposure to Latin American […]