Author Archives: the HedgeCo News Team
Stocks Finish Higher
Stocks moved higher on Monday amid some merger news, positive economic reports, and month-end portfolio adjusting. However, gains were tempered ahead of Tuesday’s Federal Reserve meeting on interest rate policy. The Dow Jones industrial average rose 37.3 points, or 0.36%, […]
Hedge funds in front line
Legal & General yesterday named Peter Chambers as its investment chief in a move that will see more of the insurer’s top fund managers running hedge funds. L&G is the biggest shareholder in the FTSE 100 and Mr Chambers said […]
Asset managers eyeing hedge funds
DUBAI  Hedge funds are now firmly on the radar of even the most conservative of asset allocator, said Sandy Shipton, head of asset management and fund registration, DIFC Authority, at the 8th annualHedge Funds World, Asia 2005, conference in […]
Peacock agrees $731 mln management buyout
LONDON, Oct 31 (Reuters) – British budget clothing retailer Peacock Group Plc (PEA.L: Quote, Profile, Research) will announce on Monday it has agreed a management buyout which values the company at 410 million pounds ($731.1 million), the Financial Times reported. […]
Hedge fund fraud much higher in US – CNN
NEW YORK (CNN/Money) – While becoming a successful hedge fund manager in the United States is tough, virtually anyone can give it a shot, provided they’ve got a handful of startup capital and a Bloomberg terminal. That ease of entry […]
Hedge funds no riskier than other funds – Reuters.uk
LONDON (Reuters) – The risks hedge funds pose to markets and confidence are no higher than in traditional asset management and overregulation could drive the industry away from Britain, an industrybody said on Thursday. Britain is the most popular destination […]
Section 409A Proposed Regulations Effect Hedge Fund Fee Arrangements
Introduction On September 29, 2005, the Treasury Department and Internal Revenue Service (the “IRSâ€Â) published Proposed Regulations under Section 409A of the Internal Revenue Code (“Section 409Aâ€Â). The Proposed Regulations reaffirm the IRS’ position in Notice 2005-1, that beginning on […]
Refco had ‘life threatening’ troubles in 1990s-WSJ
(Reuters) – Bankrupt brokerage Refco Inc. faced “life threatening” financial and regulatory problems in the late 1990s as customers began racking up trading losses, the Wall Street Journal reported,citing a fax sent to Refco’s former chairman by an associate who […]
Hedge funds reject tougher regulation – Financial Times
A trade body representing British and European hedge funds has rejected any suggestion of tougher regulation by the Financial Services Authority. Today sees the end of a four-month consultation period in which interested parties could respond to two discussion papers […]
UK Hedge Fund Trader Under Investigation – Forbes
Remember The Bonfire of the Vanities? We’re not talking about that time in 1497 when grumpy Dominican friar Girolamo Savonarola collected and publicly torched a bundle of sinful objects in Florence–such as cosmetics, mirrors and splendid dresses, but Tom Wolfe’s […]
Trendless forex market turning hedge funds off for now – Reuters.uk
(Reuters) – Rangebound trading in major currencies this year is keeping hedge funds away from the forex market but turnover is on the rise on inflows from central banks and corporates, the head ofspot trading at Societe Generale said on […]
Hedge fund protests over Delphi trading limits
One of the largest shareholders in Delphi is appealing against court restrictions on trading in the shares of the bankrupt US car parts maker. Appaloosa Partners, a hedge fund that bought a 9.3 per cent stake in the component manufacturer […]