Author Archives: the HedgeCo News Team
SEC Re-proposes Rule Exempting Certain Broker-Dealers from Registration
SEC Re-proposes Rule Exempting Certain Broker-Dealers from Registration Under the Investment Advisers Act of 1940 Special from David Goldstein and Jay Gould, White & Case LLP On December 22, 2004, the Securities and Exchange Commission (the �Commission�) unanimously determined to […]
HSBC to fold its South African Wealth Management Operations
WEST PALM BEACH, FL (www.HedgeCo.Net) – According to Dow Jones, HSBC Holdings PLC (HBC) will fold its South African wealth management and private client stockbroking unit early in 2005. According toan unnamed spokesperson, �There just wasn’t enough scale to the […]
New Antepo Product to help Hedge Funds achieve SEC’s instant messaging
WEST PALM BEACH, FL (www.HedgeCo.Net) – The new OPN System is has been introduced by Antepo Inc, with the goal of enabling hedge funds to meet critical Hedge Fund Requirements for SEC Compliance.According to the news release Antepo �today announced […]
PlusFunds Hedge Fund executive resigns
WEST PALM BEACH, FL (www.HedgeCo.Net) – Gabriel Bousbib, President and Chief Executive Officer of PlusFunds Group, Inc., has resigned to pursue other interests according to a press release from thefirm. Mr. Bousbib will remain as an adviser to the firm […]
US Chamber of Commerce files a brief in its lawsuit against SEC
WEST PALM BEACH, FL (www.HedgeCo.Net) – The U.S. Chamber of Commerce said it has filed a brief in its lawsuit against the Securities and Exchange Commission, raising some objections to the SEC�splans to institute new rules for the mutual fund […]
Hedge Fund Managers see upside for Commodities in 2005
WEST PALM BEACH, FL (www.HedgeCo.Net) – Hedge Fund Managers see increased prospects for prices of industrial commodities in 2005, a continuation of the trend seen in 2004. Fund manager Tony Frizelle,of Resource Management & Finance at the Minesite Mining told […]
Soros Fund Management may begin reinsurance business
WEST PALM BEACH, FL (www.HedgeCo.Net) – Soros Fund Management, operated by billionaire investor George Soros, has teamed up with HBK Investments to start the new Glacier Re, the new business is aimedat underwriting business risks. According to the report, Soros […]
CSAM to streamline its US Hedge Fund Operations
WEST PALM BEACH, FL (www.HedgeCo.Net) – Credit Suisse Asset Management has announced its plans to streamline its US operations. According to the new released statements, the company wants to make itsUS business profitable by reducing cost. CSAM said in a […]
KBC Hedge Fund Selects SunGard for its London operations
WEST PALM BEACH, FL (www.HedgeCo.Net) – Front Capital Systems, an operating unit of SunGard said its Front Arena system has been chosen by KBC Alternative Investment Management Limited to manage itsoperations in London and New York. Mike Williamson, head of […]
Standard and Poor’s adds to its S&P Hedge Fund Index
WEST PALM BEACH, FL (www.HedgeCo.Net) – The S&P Management has announced additions to its S&P Hedge Fund Index, according to the released statements S&P said it �would add an additionalconstituent to its S&P Hedge Fund Index (S&P HFI).� The announcement […]
Permal Group’s Hedge Fund returns jumped
WEST PALM BEACH, FL (www.HedgeCo.Net) – Permal Group�s hedge fund portfolios jumped in the past three months according to Bloomberg news. The company says its hedge fund management vehicles benefitedfrom the strong performance of the stock market rally during the […]
Investcorp to launch new Hedge Fund
WEST PALM BEACH, FL (www.HedgeCo.Net) – Global investment group Investcorp, is introducing new hedge fund products according to new released statements. The new product called the LeveragedStrategies Fund was launched in order to satisfy the client demand according to statement. […]