Author Archives: the HedgeCo News Team
Ex-FBR Broker Barred From Securities Industry: Action Is Part of Wide
Washington Post – A former stock broker with Friedman, Billings, Ramsey Group Inc. was fined $125,000 and barred from the securities industry, the latest in a string of former FBR executives and clients entangled in a 2001 private stock placement […]
SEC charges hedge fund managers with fraud
U.S. financial regulators charged the founders of a $12.9 million (7.4 million pound) hedge fund with fraud on suspicions they stole roughly half of the money from roughly 80 investors to spend onthemselves. The U.S. Securities and Exchange Commission said […]
Hedge Highflier Clipped by SEC
A hedge fund whiz kid who bragged publicly that his fund’s sky-high returns let him fly around in private jets and buy a new Lamborghini was in fact running a classic Ponzi scheme, the Securities andExchange Commission charged yesterday. Regulators […]
Stellar hedge fund returns seen unlikely in 2006
Hedge fund returns next year could be up on 2005 as volatility picks up, but investors looking for stellar double-digit returns should steer clear of the industry, analysts said. However, for those aiming to diversify their portfolios to spread risks […]
Component Changes Made to DOW Jones China Indexes
Changes Are a Result of a Regular Review of the Indexes BEIJING, December 22, 2005 – Dow Jones Indexes today announced changes in the composition of the Dow Jones China Index Series (Dow-China Indexes). The component changes in the Dow […]
Activist funds can be thwarted, says attorney Lipton
Reuters – Companies under attack by activist hedge funds should step up their defenses or face debilitating proxy and public relations losses, a leading corporate lawyer said this week. Marty Lipton, the Wachtell, Lipton, Rosen & Katz partner who is […]
America Online, Google Seal $1B Deal
Wyoming News – America Online on Tuesday agreed to sell a 5 percent stake to Google Inc. in a $1 billion deal that deepens the ties binding two of the Web’s most popular sites while thwarting Microsoft Corp.’s efforts to […]
A Fund for All Seasons
Business Week Online – Derek Izuel, portfolio manager of the $409 million AIM Global Equity Fund/A (GTNDX ), says he is always looking for ways to improve the models that are the basis for his quant-driven portfolio. When Izuel joined […]
Hedge funds: More money, more problems – CNN/Money
NEW YORK (CNNMoney.com) – What’s in store for hedge funds in the coming year? How about more money … and more scrutiny from regulators and investors. Such funds — private investment pools catering to wealthy investors and employing a variety […]
Stellar hedge fund returns seen unlikely in 2006
LONDON, Dec 21 (Reuters) – Hedge fund returns next year could be up on 2005 as volatility picks up, but investors looking for stellar double-digit returns should steer clear of the industry, analysts said. However, for those aiming to diversify […]
Chavez Uses Hedge Fund for Politics
Venezuelan President Hugo Chavez is using record revenue from oil profits to purchase bonds from Argentina’s government. Chavez, seeking to embarrass the United States, stepped in for the purchase after the two biggest U.S. banks, Citigroup Inc. and JPMorgan Chase […]
Man To Turn Over Hedge Fund Documents
Institutional Investor – Facing a contempt of court charge, Man Financial has now agreed to hand over to the receiver for Philadelphia Alternative Asset Management audiotapes and other communications that may help clarify Man’s alleged role in helping hide some […]