Author Archives: the HedgeCo News Team
SEC confirms its probe of Amaranth hedge fund
Seattle Times – A top Securities and Exchange Commission (SEC) official confirmed that the agency is investigating Amaranth Advisors, which lost billions of dollars this month due to bad bets onnatural-gas prices, and the probe is focused on whether the […]
Hedge fund’s blowup doesn’t mean sector ought to be regulated
Baltimore Sun – In the investing world, it can be a short three-step walk from problem to new regulation. First, a problem is uncovered. Next, “victims” or “losers” are identified. Then, regulationsand legal remedies are proposed. So when a hedge […]
Jefferies pushes into hedge prime broker business
Reuters – Jefferies Group Inc. is making a push into one of the most coveted money-making franchises on Wall Street in offering prime brokerage services to hedge funds, senior executives of the investment bank said. The New York-based brokerage is […]
Hedge fund firm Integrated
Reuters – Fund-of-hedge funds firm Integrated Asset Management, enlarged by an acquisition, said its assets under management rose to near $1.5 billion (790 million pounds) in early September from$832.9 million at the end of June. Pre-tax profit rose to 387,047 […]
GOP colleagues glad to carry Castle
Delaware Online – The two small strokes Rep. Mike Castle suffered over the weekend will keep him out of Washington for the last hectic congressional work week before the November elections. Congress is set to vote on a series of […]
Horizon Enhances Business Development And Portfolio Management
HedgeCo.net ( New York ) – Horizon Cash Management LLC, a leadingcash manager for alternative investment funds, today announced that theyhave hired a new executive and promoted another as the firm ramps up itsbusiness development and portfolio management in conjunction […]
A flurry of regulations won’t fix problems at hedge funds
San Francisco Gate – In the investing world, it can be a short three-step walk from problem to new regulation. First, a problem is uncovered. Next, “victims” or “losers” are identified. Then, regulations and legal remedies are proposed. So when […]
Manager fought SEC and won
Poughkeepsie Journal – Phil Goldstein, who recently forced the Securities and Exchange Commission to stop trying to register hedge funds, is smart and colorful. Goldstein, 61, just moved his offices from Pleasantville, Suffolk County, to Saddle Brook, N.J. Goldstein and […]
Sloan: One Hedge Fund’s Wilting Fortunes
MSNBC – We at NEWSWEEK don’t print obituaries before our subject has been officially declared dead. But I’d like to make an exception for Amaranth, the hedge fund that became famous last week for losing $6 billion of its investors’ […]
Funds brush off Shell’s Russia problems
MOSCOW (Reuters) – Fund managers are keeping their cool in the face of Russian political risk as western oil majors come under pressure and state control of business grows. Concern over Anglo-Dutch oil giant Royal Dutch Shell’s Sakhalin-2 energy deal […]
Hedge fund managers under Revenue spotlight
Financial Director – Officers from HM Revenue & Customs are paying more visits to Mayfair – the heart of the hedge fund industry – to investigate the tax arrangements of what is considered a lightly regulated industry. Hedge fund managers have […]
Hedge funds branch out into timber crops
Business Online – “TOUCH wood†and be lucky. Or as Americans say, “knock on woodâ€Â. Wood, or rather timber, has certainly brought a lot of luck – and wealth – to many investors in the United States. There, timber now […]