Author Archives: the HedgeCo News Team
SEC Staff Provides No-Action Relief as a Result of Court’s Goldstein Decision
HedgeCo.Net (New York) – On August 10, 2006, the staff of the Division of Investment Management of the Securities and Exchange Commission issued a “no-action” letter to the American Bar Association’s Subcommittee on Private Investment Entities to provide guidance to […]
Hedge funds seek Ahold break-up
AMSTERDAM (Reuters) – Dutch food retailer Ahold came under pressure to break apart by hedge funds Paulson & Co. Inc. and Centaurus Capital, which said such a move would boost its market value by more than a quarter. The two […]
Caymans to require wider disclosure for hedge funds
NEW YORK (Reuters) – Looking to strengthen data collection efforts in Cayman Islands’ burgeoning hedge fund industry, regulators are instituting new electronic reporting requirements aimed at better tracking the estimated $1.3 trillion (690 billion pound) industry, a senior Cayman official […]
Top hedge fund looks to expand traditional business
One of the world’s biggest hedge funds is making a big push into traditional asset management to diversify its customer base – part of a growing trend towards the convergence of hedge funds with traditional money management. DE Shaw is […]
LRG Capital hires GE Veteran
Larkspur, CA, August 14, 2006 – LRG Capital Group LLC, a global merchant bank that invests in and provides advisory services to small and mid-cap public companies, today announced that Paul Enderlehas joined the firm as Managing Director. Mr. Enderle, […]
Ritchie Capital Finance Provides $8 Million in Financing to AccessLine Communication
Chicago, Illinoisâ€â€August 14, 2006â€â€Ritchie Technology & Life Science Finance, a division of Ritchie Capital Finance, announced that it has recently closed $8 million in debt financing toAccessLine Communications Corporation, a Seattle, Washington-based firm that provides an array of hosted VoIP […]
Paul Capital Top Tier Investments (PCTTI) Appoints Lisa Edgar as a Managing Director of the Firm
SAN FRANCISCO, CALIFORNIA (August 14, 2006) – Paul Capital Top Tier Investments, LLC (“PCTTIâ€Â) today announced the appointment of Lisa Edgar as a Managing Director of the firm. Ms. Edgar’s appointment reflects the high degree that her professionalism, dedication and […]
Hedge Fund Collapse Threatens Sale
HedgeCo.Net (New York) – UBS’s deal to buy ABN Amro Holdings for $386 million, may be threatened by ABN’s $100 millioninvestment in hedge fund MotherRock, which collapsed last week. MotherRock’s losses are putting ABN’s risk management and investment skills into […]
Indian Hedge Funds Looking for Outside Financing
HedgeCo.Net (New York) – In India the investment market has shot up 141% over the last two years. Hedge funds provide an opportunity for India to attract large amounts of foreign capital. Hedge funds have led the investment flows into […]
Citigroup fined by NASD over false data by brokers
Reuters – The NASD ordered Citigroup Inc. to pay $1.12 million over a scheme by more than 100 brokers to obtain mutual fund sales charge waivers by falsely claiming their customers, including hedgefunds, were disabled. Citigroup Global Markets Inc. will […]
Hedge fund Marwyn eyes $475 mln film co buy-report
Reuters – UK hedge fund Marwyn Value Investors is to launch a 250-million-pound ($475-million) cash bid for Canadian film business Motion Picture Distribution, the Financial Times reported on Friday. Motion Picture Distribution is the operating company of Movie Distribution Income […]
Hedge fund blowups warn investors-for a little bit
Reuters – Hedge fund blowups often prompt people to select these lightly regulated portfolios with more care, but the warnings often wear off fast, leaving many vulnerable to the next disaster,analysts and investors said. Last week the $1.2 trillion industry […]