Author Archives: the HedgeCo News Team
New study shows that 50% of Asset Managers in Europe may be launching new Hedge Funds within the next 12 months
WEST PALM BEACH, FL (HEDGECO.NET) – A new study conducted by the Morningstar research organization revealed that about half of European asset management companies might be launching new hedge fundinstruments in the next year. The result of this study tends […]
UBP, HFR and Dresdner Introduce HFRX Hedge Fund Indices into Swiss Markets
WEST PALM BEACH, FL (HEDGECO.NET) – The team of Union Bancaire Privee, Hedge Fund Research Inc and Dresdner Bank has announced their joint collaboration in launching the new HFRX range of investablehedge fund indices into the Swiss market. The new […]
SEC voted 3-2 to require mutual fund boards to be chaired by outsiders
WEST PALM BEACH, FL (HEDGECO.NET) – The Securities and Exchange Commission voted 3-2 to require that independent outsiders head board chairmanship of mutual funds. Two republican members of the SECboard however opposed Chairman William Donaldson�s initiative, while Donaldson joined hands […]
Asian Consortium Launches New Distressed Hedge Fund
WEST PALM BEACH, FL (HEDGECO.NET) – A group of Asian asset managers have joined hands to form a new hedge fund. The new fund, Asian Debt Fund [ADF], will be focusing on distressed debt investing,covering the Asian region ex-Japan according […]
HSBC to Offer Onshore Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – HSBC Asset Management is preparing to introduce its hedge fund management services to onshore investors according to a released statement. This strategy is aimedat consolidating the company�s services under one umbrella. HSBC has traditionally […]
UK’s big Pension funds may reduce domestic equity holdings in favor of hedge funds
WEST PALM BEACH, FL (HEDGECO.NET) – As the appeal of hedge funds to pension schemes continues to rise in the United Kingdom, some of the UK’s biggest corporate pension funds may likely reduce theirholdings in the domestic equity markets during […]
Rhicon Adds New Hedge Fund Product to their Firm
WEST PALM BEACH, FL (HEDGECO.NET) – Rhicon Currency Management Company has announced the launch of its new fund. The new strategy, called the Rhicon Strategic fund, will be available for trading July1 according to the press release. The fund will […]
New Hedge Fund start-ups slow in Asia
WEST PALM BEACH, FL (HEDGECO.NET) – The first half of 2004 has seen a decline in the number of new hedge fund launches in the Asian region; experts think part of the problem is the unstable stockmarkets, added to an […]
State Street to provide custodian services to German Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – State Street Global Advisors [SSGA] has announced that it will be offering custodian services to German Hedge funds, through the SSGA Munich, a banking subsidiaryof SSGA. According to the managing director of State Street, […]
Merger Arbitrage strategy expected to pick up in US Capital Markets according to fund manager
WEST PALM BEACH, FL (HEDGECO.NET) – The increasing merger and acquisition activities in the US Capital markets since the end of accounting and corporate scandals will give rise to a new flurry ofmerger and arbitrage opportunities. This is according to […]
The Securities and Exchange Commission of Singapore issues an injunction against a Hedge Fund company
WEST PALM BEACH, FL (HEDGECO.NET) – The Securities and Futures Commission of Hong Kong, (SFC) has issued an interim injunction against a Hong Kong based hedge fund manager and its executive, CharlesSchmitt, to stop the firm from conducting activities in […]
Brazilian Hedge Funds lost 3.8% in May
WEST PALM BEACH, FL (HEDGECO.NET) – Brazilian Hedge funds lost a total of 3.8% in May according to Bloomberg news. Such a loss, the first in 15 months is causing some concern among some hedge fundinvestors, who are reportedly withdrawing […]