Author Archives: the HedgeCo News Team
Global’s fund of hedge funds among world’s top
HedgeCo.net ( West Palm Beach ) — Mr. Hani AlJazzaf, Head of Hedge Funds Division at Global, said that EurekaHedge, the world’s largest independent hedge fund research company,ranked the Global Distressed Fund as the 6th best Fund of Hedge Funds in […]
Northpoint offers Commission Sharing Arrangements to Clients
HedgeCo Networks – NorthPoint Trading Partners LLC, a premier prime brokerage and fund services company, has today announced that it has begun offering its clients the ability to utilize NorthPoint’s world class trading and execution services to pay for a […]
New Laws Create Investment Opportunities in Russia
HedgeCo.net – Sberbank, Russia’s central bank, says that in 2006 48 Russian banks were fully owned by foreigners, and the total share of non-residents in Russian banks stood at 12.92%. According to a report by Reuters, the lower house of Russian parliament has just made […]
Higher Standards may be Welcomed by Hedge Funds
HedgeCo.net – State Attorney General Richard Blumenthal, one of the nation’s most outspoken advocates for increased hedge fund regulation has repeatedly urged regulators and legislators to consider raising the accredited investor standard. Some hedge funds have now also expressed support […]
Gartmore’s Hambi removes dollar hedge
Reuters – Gartmore fund of funds manager Bambos Hambi told Reuters on Thursday he has removed a hedge against the dollar in some of his portfolios because he believes the greenback is unlikely toweaken significantly from here. Hambi, who runs […]
SocGen launches first Sharia-compliant hedge funds
Forbes – The London broking arm of Societe Generale has launched what it believes to be the first Sharia-compliant hedge funds after developing systems to replicate the effects of selling sharesshort without breaking Islamic law, the Financial Times reported. Three […]
Are Hedge Funds the World’s Financial Heroes?
New York Times – As Congress and the Securities and Exchange Commission consider tightening the reins on hedge funds, an article in the latest issue of Foreign Affairs is suggesting they should let them run free. While critics of these […]
Top regulator questions hedge fund activism
Reuters – Shareholder activism in how companies are run should be welcomed but hedge funds sometimes take it too far, a top regulator said on Wednesday. Michel Prada, a senior member of the International Organisation of Securities Commissions (IOSCO), told […]
Hedge funds ignite uranium price
Globe and Mail – The price of uranium surged to a record high this week, capping an extraordinary run for the radioactive metal, which has doubled in value over the past year on interest from hedgefunds, financial firms and speculative […]
Hedge fund has alternative plan for Delphi
Reuters -Highland Capital, a hedge fund that is the second-largest shareholder in Delphi Corp., plans to send a letter on Thursday to Delphi’s board outlining a $4.7 billion capitalization plan forthe company, the Wall Street Journal reported on its Web […]
Newcastle admit approach from US hedge fund
Independent – Newcastle yesterday confirmed they have received an approach regarding a possible takeover from the US hedge fund Polygon amid increasing speculation about a possible sale. The club issued a statement to the Stock Exchange confirming that St James’ […]
Bermuda makes it easier for funds to set up
Reuters – Bermuda, already a popular home for hedge funds because of generous tax breaks, enacted a new law designed to help the island become an even more popular investment center, an industryassociation said on Tuesday. Bermuda’s House of Assembly, […]