Author Archives: the HedgeCo News Team
SEC Approves Final Rules Requiring SEC Registration of Most Hedge Fund Advisers
SAN FRANCISCO (HEDGECO.NET) – On October 26, 2004, the Securities and Exchange Commission (the �SEC�) voted to approve rule 203(b)(3)-(2) and conforming amendments under the Investment Advisers Actof 1940, as amended (the �Advisers Act�), that will require most hedge fund […]
Hedge Fund Industry Expresses Skepticism about SEC’s new rules
WEST PALM BEACH, FL (HEDGECO.NET) – Members of the US hedge fund industry have expressed skepticism about the hedge fund rules approved on Tuesday by the Commissioners of the US Securities andExchange Commission. There were no surprises here, because the […]
Eurekahedge introduces Latin American Hedge Fund Index
WEST PALM BEACH, FL (HEDGECO.NET) – Eurekahedge has announced the introduction of the world’s first dedicated Latin American Hedge Fund Directory and Latin American Hedge Fund indices. According tothe released information, the new index covers in excess of 171 funds. […]
Banks in stiff competition for Hedge Fund business
WEST PALM BEACH, FL (HEDGECO.NET) – There is stiff competition between U.S. and European banks for lucrative business of the booming hedge fund industry, according to Reuter�s news reports. Suchcompetition may be producing other undeserved consequences; it may be pressuring […]
FSA to increase scrutiny of Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – The financial services regulator for Great Britain, the Financial Services Authority (FSA), said it is examining the potential risks that hedge funds pose to primebrokers following the increases in hedge fund assets recorded in […]
Moody says Hedge Funds face multiple failures
WEST PALM BEACH, FL (HedgeCo.Net) – Moody�s said the hedge fund industry is facing the risk of multiple failures. These failures, according to Moody�s, may result from the growing number ofunregulated investment groups which also engage in similar tactics used […]
SEC Chairman once again defends his hedge fund proposals
WEST PALM BEACH, FL (HEDGECO.NET) – William Donaldson, the U.S. Securities and Exchange Commission chairman has once more defended his proposals to regulate the U.S. hedge fund industry, as the finalvote on the matter nears. The SEC will vote on […]
Short-bias hedge funds doing well again according to Hennessee
WEST PALM BEACH, FL (HEDGECO.NET) – Short-bias hedge funds have gained through September 30, according to latest data from hedge fund consultant Hennessee Group. According to its report, “short-bias”hedge funds were up 16.2%, vs. a 0.2% gain for the Standard […]
Hedge Fund manager sues partner for fraud
WEST PALM BEACH, FL (HEDGECO.NET) – A U.S. based hedge fund manager has charged a partner with stealing about $1 million from its fund, according to court papers filed by Catequil Asset ManagementL.P. Robert Ellis sued Paul Touradji charging him […]
SEC Confirms its Oct 26 Scheduled vote for hedge fund regulation initiative
WEST PALM BEACH, FL (HEDGECO.NET) – The U.S. Securities and Exchange Commission confirmed that it has scheduled its final vote on October 26 for the hedge fund regulation proposals. The proposalwould require US based hedge funds managing over $26 million […]
ABN AMRO planning to launch more Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – ABN AMRO Asset Management is planning to launch more hedge funds according to a new press release. Details about the new strategies have not been released, but areport by Dow Jones stated that the […]
European Hedge Funds grew 70 percent year to June
WEST PALM BEACH, FL (HEDGECO.NET) – The European hedge fund market is experiencing significant growth in 2004, according to Naim Abou-Jaoude, head of alternative investments for Dexia AM. Such growthis faster than the recorded growth in the global hedge fund […]