Author Archives: the HedgeCo News Team
At declaration day, hedge funds find way around rules
Middle East North Africa Financial Network – Many hedge funds, the often secretive and lightly regulated investment vehicles for wealthy individuals and big institutions, are hedging when it comes tonew rules requiring them to give up some of their privacy. […]
Refco judge says Man can receive Cargill contract
reuters.uk – A U.S. bankruptcy judge ruled on Tuesday that an agreement for Cargill to use a unit of bankrupt Refco as its sole commodities broker could be assigned to the new ownerof the Refco unit, Man Financial. U.S. Bankruptcy […]
Launch suggests hedge fund fees remain sky high
MarketWatch – When SAC Capital Advisors, a top-performing hedge fund run by Steven Cohen, started raising money for a new fund in December, many investors rushed to get in. That’s despite an annual management fee of 3%, a performance fee […]
ABP an observer at Commission hedge fund group
IPE.com – Stichting Pensioenfonds ABP has been named as an observer at a new expert sub-group on hedge funds set up by the European Commission. The Dutch civil service scheme’s Robert Coomans is one of five observers to the group […]
CFTC Charges Two Staten Island Hedge Funds In Foreign Currency Scheme
CattleNetwork.com – The U.S. Commodity Futures Trading Commission (CFTC) announced today that it filed a federal injunctive action against Alexsander Efrosman, a/k/a Alex Besser, of Staten Island, New York, and two hedge funds under his control, Century Maxim Fund Inc., […]
Hedge Fund Industry Facing New Oversight
MSN MoneyCentral – As financial lore has it, five pals scraped together $100,000 in 1949 to start what became the first hedge fund. Their ringleader and mastermind, Alfred Winslow Jones, was aFortune magazine writer and former U.S. diplomat who had […]
The Hedge Fund Report: Mission Mostly Accomplished
TheStreet.com – Shareholder activists can’t always be bullies. Sometimes they must master the art of compromise. A good example is the decision last week by Pershing Square’s Bill Ackman to drop his campaign against McDonald’s (MCD:NYSE – commentary – research […]
Dissident group gets three elected to Bally board
San Diego Union-Tribune – Two activist hedge funds succeeded Thursday in electing three candidates to the board of Bally Total Fitness Holding Corp. but failed in a bid to remove Paul Toback as chairman and CEO, the company announced following […]
SEC to put Hedge Funds under the Spotlight
MSN MoneyCentral – Hedge fund managers whose businesses are deemed high risk by the chief US financial regulator will be inspected every three years, the official who will lead the examinations hasrevealed. Gene Gohlke, associate director in the regulator’s compliance […]
Frat VP Plans to Start a Hedge Fund
CU Columbia Spectator – While other juniors are frantic to hear back about summer internships at big investment firms, Lightcap is relaxed. He’s already got his. Lightcap, class treasurer and vice president of Pi Kappa Alpha, has worked in the […]
MergerTalk: Hostile buyers, thank your lucky hedge funds
Reuters – Hostile and unsolicited take-over activity has run rampant lately, and buyers who are getting in on the action may want to draft thank-you notes to their favorite hedge funds for helping tostir the waters. Last year was the […]
More Heat On Hedge Funds
BusinessWeek – As if there weren’t enough controversy surrounding hedge funds, now the Securities & Exchange Commission is investigating suspicions that fund employees are engaging in insider trading. It’s not the typical heard-it-from-a-friend-at-the-company stuff, either. In the last decade hedge […]