Author Archives: the HedgeCo News Team
Hedge-Fund Inflows Top $42B
MSN MoneyCentral – Hedge funds attracted $42.1 billion in new cash in the second quarter of 2006, bringing total industry assets to $1.225 trillion. The inflow was the largest quarterly gain since 2003, when Chicago-based Hedge Fund Research began tracking […]
Uncertainty shuts South African investors out of hedge funds boom
Business Day – ALTHOUGH the popularity of hedge funds increases in direct proportion to the volatility of world financial markets, most South African investors remain shut out of these opportunities while the authorities consider how best to regulate hedge funds, […]
Glassman Rues Divisive Indy, Hedge Fund Rules
Financial-Planning.com – Securities and Exchange Commissioner Cynthia Glassman said “it is unfortunate [the SEC] wasted so much time and effort” on the independent chairman and the hedge fundregistration rules, only to have them voided by the U.S. Court of Appeals. […]
Court Auctions Hedge Fund Managers Assets
WEST PALM BEACH, FL (HEDGECO.NET) – The assets of arrested hedge fund manager Kirk Wright, formerly of supposed hedge fund, International Management Associates, are being püt up for auction next week. Wright was indicted last month in federal court on […]
MFA and TBMA Issue Joint Statement – Credit Derivatives Backlog Reduction over 80%
WEST PALM BEACH, FL (HEDGECO.NET) – Together with the group of 14 major market participants called together by the Federal Reserve Bank, The Bond Market Association (TBMA) and Managed Funds Association (MFA) today announced that substantial progress has been made […]
How Would Hedge Funds Behave in a Crisis?
Wall Street Journal – A lot of what is said about hedge funds and derivatives is nonsense. At one extreme, hedge funds are attacked as dangerously unregulated cabals wielding newfangled instrumentsof finance like unguided missiles aimed at the heart of […]
Lawsuits accuse prime brokers of securities fraud
Pasadena Star-News – Two class-action lawsuits filed in Manhattan federal court in April allege fraud by the world’s largest “prime brokers” in securities lending practices. Goldman Sachs, Bear Stearns, Lehman Brothers, Morgan Stanley, Merrill Lynch, Citigroup, Banc of America Securities, […]
CMA raises 402 million USD in UK
Forbes – CMA Global Hedge, a fund of hedge funds, said it raised 402 mln usd through its initial public offering, the second-biggest stock market flotation by a financialservices company in the UK so far this year after Standard Life. […]
North Pittsburgh rejects hedge fund proposals
Reuters – Telecommunications company North Pittsburgh Systems Inc. (NPSI.O: Quote,Profile, Research) said on Wednesday that its board of directors rejected a proposal from activistinvestors owning a 7.85 percent stake to hire an investment banker to seek the company’s sale. North […]
Hedge Funds Rebound in June
WEST PALM BEACH, FL (HEDGECO.NET) – The Global Hedge Fund Index gained 1.5% net of fees in June. The year-to-date return for the Index is 1.6% net proving to be one of the hedge fund industry’s longest-running benchmarks of overall […]
Whistle-blower sues SEC in attempt to attain records
Hill News – Gary Aguirre, the whistle-blower whose charges of lax and politicized enforcement at the Securities and Exchange Commission (SEC) have sparked the interest of three Senate committees,sued the regulator Friday to secure the public release of records he […]
Commodities: After the rally, the hangover, as cocoa prices plunge –
International Herald Tribune – Cocoa prices fell on Tuesday, recording their biggest two-day loss since 1989, on concern that the recent rally was overblown. Hedge fund managers and other large speculators have increased their net-long positions in New York […]