Author Archives: the HedgeCo News Team
Hedge Funds Still in the Dark
The other morning we were treated to yet another hedge fund blowup story on the front page of the Wall Street Journal: “Troubles at Fund Snare Doctors, Football Players” (Subscription Required). Kirk S. Wright and his firm, International Management Associates, […]
US SEC settles with hedge funds in PIPEs scheme
Reuters – Hedge fund manager Jeffrey Thorp and three New York-based hedge funds he manages have agreed to pay $15.8 million to settle charges they engaged in an illegal trading scheme to evaderegistration requirements with 23 securities offerings commonly referred […]
Funds back dealers in credit derivatives clean-up
MSN MoneyCentral – Leading credit derivatives dealers have committed to take steps that could lead to a “dramatic improvement” in market practices and to cut further the backlog of outstanding tradesthat has plagued the fast-growing market. The pledges come amid […]
Singapore Plans Hedge-Fund Listings
Yahoo! News – Singapore’s stock exchange is paving the way for the listing of hedge funds, the first major push in Asia. Singapore Exchange Ltd. (S68.SG), or SGX, released a proposed framework forlisting hedge funds last week, and expects to […]
Convertible hedge funds rebound from terrible year –
Reuters – Hedge funds that specialize in convertible arbitrage made a comeback in the first two months of 2006 after poor performance and heavy liquidations in 2005, according to managers and newnumbers released on Tuesday. Grateful to still be in […]
Bear Stearns agrees to settle hedge fund charges
International Herald Tribune – Bear Stearns reached a $250 million settlement with U.S. regulators over claims it cheated investors by helping clients illegally trade mutual fund shares, two peoplewith direct knowledge of the matter said. The agreement with the […]
Packer family opens door to hedge fund success
Ellerston Capital begins offshore roadshow to raise $250 million for a long-short hedge fund. Australia’s Packer family plans to let others in on its private investment strategy by offering local and institutional investors a share in its successful long-short hedge […]
Hedge fund hires disgraced former Clinton adviser
Telegraph.co.uk – Sandy Berger, former national security adviser to ex-president Bill Clinton, is poised to join hedge fund DB Zwirn as a special adviser. DB Zwirn, a US-based investment fund, is thought to have hired Mr Berger to gain access […]
Credit Suisse/Tremont Hedge Fund Index up 0.34% in Feb
NEW YORK, NY, March 15, 2006 — The Credit Suisse/Tremont Hedge Fund Index is up 0.34% for February 2006, according to Oliver Schupp, President of the Credit Suisse/ Tremont Hedge Fund Index. “January’s rising market trend in the US equity […]
The Hedge Fund Report: Vultures Feed at Dana
Every day, the boundaries blur between private equity and hedge funds. Hedge funds are imposing more illiquid terms on investors and seeking returns in the nonpublic universe. And traditional private equity behemoths like Kohlberg Kravis Roberts & Co. and Blackstone […]
New hedge fund managers must have right skills: AIMA
The country’s $22 billion hedge funds industry will continue to grow at phenomenal rates, but the challenge is to ensure new hedge fund managers have the right skills, said the Alternative Investment Management Association’s (AIMA) chairman Kim Ivey. According to the […]
Regulators take contrary views on hedge funds
There appears to be a diverging approach to the regulation and development of hedge funds as domestic regulators like the Hong Kong Securities and Futures Commission and the Financial Services Authority (FSA) in the UK are considering the retailisation of […]