Author Archives: the HedgeCo News Team
UK funds under management grow to a record 3.5 trln stg in 2005
Forbes – Assets under management in the UK fund management industry grew by 7 pct to a record 3.5 trln stg in 2005 on the back of strong growth in hedge funds and property funds as well as private client […]
Three facing SEC claims of market timing
Denver Post – The U.S. Securities and Exchange Commission on Monday accused three former Janus Capital Group executives of allowing market-timing transactions, or prohibited rapid trades in and outof mutual funds. The SEC alleges that Warren Lammert, former manager of […]
AIMA Highlights the new Regulatory Capital Changes
London 1st August, AIMA, the global trade organisation for hedge funds today highlighted the implementation of the Capital Requirements Directive (CRD), introduced by the European Union. The new Directive, based in part on the existing regulatory capital directive, applies to […]
Man Group plc offers Class I units
August 1, 2006 – London – Man Group plc, a leading global provider of alternative investment products and solutions as well as one of the world’s largest futures brokers, today announces thatMan-Glenwood Lexington TEI, LLC, its Securities and Exchange Commission […]
Fidelity and Sunguard Launch Integrated Service
BOSTON and WAYNE, Pa, August 1, 2006 – Fidelity Investments and SunGard (www.sungard.com) today announced an exclusive agreement to integrate the brokerage services of Fidelity’s Registered Investment Advisor Group with the transaction processing capabilities of the SunGard Transaction Network (STN). […]
Fairfax Attacks Shorts, Then Restates
CFO.com – One day after filing a $5 billion lawsuit claiming that a group of short-sellers and aggressive hedge funds were scheming to drive down its stock price, Fairfax Financial Holdings announcedthat it will restate its financial results. The announcement […]
Hedge funds not quite so glamorous
South Coast Today – These investments are too rich for my taste. Wealthy families often hire private money managers, pony up for hedge funds and set up a slew of trusts. And we ordinary folks look on, figuring we’re missing […]
GNER could get bid from US hedge fund – report –
Forbes – US hedge fund Citadel Investment Group is planning an opportunistic bid for UK rail operator GNER, hoping to acquire the group cheaply because of debt problems at its Bermuda-based owner, Sea Containers, the Sunday Express reported without citing […]
Singapore Exchange close to listing its first hedge fund
Business Times Malaysia – Singapore Exchange Ltd (SGX) hopes to have up to 20 hedge funds listed on its bourse by year-end, and is searching as far abroad as Japan, Australia and Europe forcandidates, exchange officials said last Friday. Last […]
Foreign Investors Think Small
Since late last year, foreign investors have been stuffing themselves with kwacha. Though it may sound to some like an exotic fruit, the kwacha is in fact the currency of Zambia, now seen by some investors as one of the […]
No-Show Hedge Fund Faces Court Judgment, Fines
Black Enterprise – A hedge fund manager has been ordered to pay $21 million in disgorgement and prejudgment interest following the firm’s failure to appear and respond to the Securities and Exchange Commission’s allegations. The SEC won a default judgment […]
Fear grows with hedge funds
Ahallmark of Wall Street lore dating to the Roaring Twenties and the Great Crash has been that the rich and influential trade secrets and make the most from the markets. And if they get burned, so can the rest of […]