Author Archives: the HedgeCo News Team
Hedge fund exec accused of Ponzi scheme
HMC International, a hedge fund based in Montvale, boasted of returns in excess of 30 percent in 2003 and 2004. Those are fairly impressive re sults for most investments. But it was particularly noteworthy for HMC, mainly because authorities say […]
Hedge fund plots to sack platinum boss
The Sunday Times – AN American hedge fund has launched a ferocious attack on the chairman of African Platinum (Afplats), the AIM-listed mining company, sparking an international row. North Sands, based in Connecticut, has in the past two weeks built […]
Kenneth Jeyaretnam set to raise $500 million for new Global Event Driven Fund
Noble Asset Management Ltd (NAM), the asset management business founded by Shabir Chowdhary earlier this year, is proud to announce that it has teamed up with Kenneth Jeyaretnam, a leading eventdriven fund manager, to launch the Stamford Global Event Driven […]
24 Counts of Hedge Fund Fraud
WEST PALM BEACH, FL (HEDGECO.NET) – A hedge fund manager who disappeared three months ago with millions of dollars belonging to at least 500 investors now has 24 additional counts in his federalfraud case. Kirk Wright, formerly of supposed hedge […]
Hedge fund demands sale of Sunterra Corp.
WEST PALM BEACH, FL (HEDGECO.NET) – Sunterra Corp, a Las Vegas time-share company is facing pressure from hedge fund Chapman Capital, which holds 8.4 percent, a 1.6 million stake in the company. Sunterra has a market value of about $174 […]
Beware the iPod Rumors
NewsFactor Network – While writing a story today on a Wall Street analyst’s prediction that Apple will be late in shipping its new iPod Nano, I noticed the effect the report had on Apple’sstock. Naturally, Apple fell on Wednesday. The […]
The long and short of an asset class
National Post – When Derek Webb started a long/short Canadian hedge fund early in June, he said he would go long and short both Canadian stocks and income trusts. Forensic accountant Al Rosen of Rosen & Associates in Toronto views […]
Hedge funds and precious metals lead pack at year’s halfway point
Globe and Mail – If things continue the way they have, 2006 could once again be the Year of the Hedge in the mutual fund world. The final numbers are still trickling in but as we cross the year’s halfway […]
S&P’s hedge fund indexing foray goes awry
Standard & Poor’s, which runs some of the world’s most widely followed equity indexes, hasn’t fared as well in its efforts to track the performance of hedge funds. S&P said earlier this week that it will stop publishing its investable […]
Peak Partners launches a new specialized fund of hedge funds Mont Blanc Select
WEST PALM BEACH, FL (HEDGECO.NET)- Leading specialist in alternative investment solutions Peak Partners is launching a new fund of hedge funds specialized in Asset Based Lending and otherCollateralized Strategies on the 1st of July 2006. Mont Blanc Select invests […]
Hedge funds lose this year’s gains in a month of turmoil
Financial Times – The recent market turmoil has wrong-footed a wide swathe of hedge funds, many of which have seen their gains this year wiped out in the past few weeks, according to figures obtained by the Financial Times. Nearly […]
US states set to draw up hedge fund rules
Times Online – CALLS to impose stiff rules on hedge funds intensified last night as Richard Blumenthal, the Connecticut attorney-general, told politicians that states were poised to join together todraw up their own regulations to govern the $1.2 trillion (£660 […]