Author Archives: the HedgeCo News Team
Judge orders the arrest of hedge fund manager
Sun-Sentinel.com – A federal judge on Monday ordered the arrest of John Kim, head portfolio manager of collapsed West Palm Beach hedge fund firm KL Group, which is accused of defrauding investors ofmore than $200 million. U.S. District Judge Kenneth […]
Amaranth to sell Cinram stake
Globe and Mail – One of the more acrimonious relationships in Canadian business is on the verge of ending, as hedge fund Amaranth Advisors LLC files the paperwork needed to sell its 15-per-cent stake in DVD maker Cinram International Income […]
Citigroup sees turn of the year hedge fund bonanza
Reuters.uk – Citigroup Private Bank has been telling its wealthy clients that now may be the best time to put their money into hedge funds. Studying nearly 16 years of returns among the popular alternative investment, the wealth manager noted […]
Japanese noodle maker evades clutches of US hedge fund
TODAYonline – Japanese noodle maker Myojo Foods said it successfully evaded a hostile takeover attempt by a US hedge fund thanks to a white knight counter-bid from industry giant Nissin Food Products. The tender offer by Steel Partners Japan Strategic […]
Greenwich Man Sentened to 21 Months in Federal Prison for Defrauding Hedge Fund Investors
U.S. ATTORNEY Press Release – Kevin J. O’Connor, United States Attorney for the District of Connecticut, announced that EVAN MISSHULA, age 40, of 104 Husted Lane, Greenwich, Connecticut, was sentenced today by United States District Judge Janet Bond Arterton in […]
MFA Supports Steady State Proposals for Equity Derivatives
WASHINGTON, D.C., November 28, 2006 — Managed Funds Association (MFA) pledged its support of the objectives set forth by 17 major dealers (the “Major Dealersâ€Â) for improving equity derivatives industry practices in their November 21st letter to the Federal Reserve […]
Is tax killing London as a fund domicile?
The United Kingdom has missed out as a domicile for European long-only funds to the benefit of Luxembourg and Ireland because of a burdensome and over-complex tax system, according to a reportcommissioned by the Investment Management Association. However, say the […]
ABN to invest 100 million euros in hedge fund-FT
Reuters – ABN AMRO is set to invest up to 100 million euros ($129.7 million) in a newly listed hedge fund managed by European hedge fund firm Marshall Wace, the Financial Times reported on Monday. ABN will join Deutsche Bank […]
Citigroup sees turn of the year hedge fund bonanza
Reuters – Citigroup Private Bank has been telling its wealthy clients that now may be the best time to put their money into hedge funds. Studying nearly 16 years of returns among the popular alternative investment, the wealth manager noted […]
HEDGE FUNDS Betting Big on a Buyout in London
Spiegel Online – Is the London Stock Exchange really worth $5 billion? Or even $6 billion? A number of investors, particularly hedge funds, are now piling into the shares of the London exchange on expectations that Nasdaq’s pursuit of the […]
HedgeOp Compliance, LLC Introduces Update to Web-Based Compliance Tracking, Monitoring and Reporting System
New York, New York– November 27, 2006 – HedgeOp Compliance LLC, a leading provider of specialized products and services to the hedge fund community, today announced the launch of their updatedComplianceTrak software system. Powered by the latest development technology, ComplianceTrak […]
Conifer Securities Opens British Virgin Island Office
SAN FRANCISCO, November 27, 2006 – Conifer Securities, LLC, a leading provider of business and operations solutions to hedge fund managers, family offices, foundations and endowments, today announced that it has opened an office in the British Virgin Islands (BVI), […]