Author Archives: the HedgeCo News Team
May 16: US Senate Panel to Hold Hedge Fund Hearing
WEST PALM BEACH, FL (HEDGECO.NET) – The chairman of a Senate Banking subcommittee Sen. Chuck Hagel, a Nebraska Republican, said on Wednesday he plans to hold a hearing May 16th on the role that lightly regulated hedge funds play in […]
Reuters, CME venture targets hedge fund growth
Reuters – A Reuters Group Plc and Chicago Mercantile Exchange deal to create the first centrally cleared foreign exchange marketplace aims to tap growing institutional and hedge fund activity, thetwo companies said. The companies said on Thursday they will pool […]
Returns soar in North America
CityWire.co.uk – With returns in North America over the past 12 months outstripping those of recent years, the sectors top three fund managers have all derived their returns from different sectors of the market. Smith & Williamson’s A-rated Lady Tana […]
EU’s McCreevy rules out legislating on hedge funds
Reuters Italia – EU Internal Market Commissioner Charlie McCreevy ruled out introducing new rules to regulate hedge funds, saying they played a key role in putting the “fear of God” in companymanagement and boards to the benefit of all. “My […]
InfoUSA tells shareholders to ignore hedge fund
Reuters – InfoUSA on Thursday urged shareholders to ignore calls from a hedge fund to vote the database firm’s founder off its board, the latest shot in an increasingly acrimonious proxy battle. In a letter to stockholders, infoUSA founder and […]
AP1 managers leave to form hedge fund
IPE.com – The roughly SEK33.6bn (€3.6bn) Swedish hedge fund outfit Brummer & Partners has nabbed two asset managers from buffer fund Första AP-fonden, or AP1, todevelop a new hedge fund. Jesper Sandin and Daniel Chapuis are due to leave the […]
Dalton Investments to Liquidate Two Distressed Debt Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – Investment management firm, Dalton Investments, which manages about $1.3 billion, will send back roughly $300 million to people who invested in its 7-year old Dalton Global Opportunity Fund and its 2-year old Dalton Distressed […]
Jerome Berset Joins CMS S.A as Senior Hedge Fund Analyst
WEST PALM BEACH, FL (HEDGECO.NET) – Capital Management Advisors Group, which currently manages $1.6 Billion in institutional and private client assets, has hired Jerome Berset as Senior Hedge Fund Analyst and Director of CTA and Macro research. In 2006, CMA […]
BIBA Product Development Committee Launches New Product
WEST PALM BEACH, FL (HEDGECO.NET) – The Bermuda International Business Association (BIBA) today announced that it had brought to market a new product whereby funds can be BMA approved and listed onthe Bermuda Stock Exchange in as short a time […]
Green Drake Capital Launches Investment Banking Division – Aspenwood Capital
WEST PALM BEACH, FL (HEDGECO.NET) – Green Drake Capital Corp., an NASD registered broker-dealer located in New York City, today announced the formation of Aspenwood Capital, an investment banking division based in Golden, Colo. that will raise capital for small-cap […]
Morgan Stanley Names Hedge Fund Chief
Street.Com – Morgan Stanley continues to build its alternative-investments group, tapping an executive from another key division to spearhead the firm’s push into hedge fundsand other areas of advanced portfolio management. On Wednesday, Morgan Stanley named Stu Bohart, the former […]
Hedge fund names board nominee in Topps proxy fight –
Reuters – Hedge fund Pembridge Capital Management LLC said on Wednesday it has notified Bazooka bubble gum maker Topps Co. Inc. that it has replaced Eric Newman as one of its nominees forelection to the Topps board of directors with […]