Author Archives: the HedgeCo News Team
SEC files fraud charges against four officers of a Hedge Fund company
WEST PALM BEACH, FL (HEDGECO.NET) – The U.S. Securities and Exchange commission [SEC] has filed charges against four officers of Beacon Hill Asset Management LLC, a hedge fund firm relating withabout $300 million losses in investor assets. SEC officials also […]
Lawyers think SEC will announce new Hedge Fund laws soon
WEST PALM BEACH, FL (HEDGECO.NET) – Some lawyers think the SEC is ready to announce new hedge fund laws; the new laws will mandate hedge funds to register with the SEC, thus bringing an era ofloosely regulated activities of hedge […]
Mutual Fund lobbying group backs SEC’s Hedge Fund regulatory oversight
WEST PALM BEACH, FL (HEDGECO.NET) – The president of the mutual fund industry’s lobbying group endorsed the recent efforts by the Securities and Exchange Commission to subject the US hedge fundindustry under its regulatory oversight. Paul Stevens who was recently […]
New Mutual Fund group chief calls for Hedge Fund reforms
WASHINGTON (Dow Jones)–The new head of a leading mutual fund trade group endorsed strong medicine for the industry’s trading scandals and said it should extend to brokers who sell mutual funds andhedge funds that profited from “predatory” mutual fund trading. […]
European Financial Centers competing with the Caribbean for Hedge Fund business
WEST PALM BEACH, FL (HEDGECO.NET) – With the current growing interest on the part of European investors in hedge fund investments, some European financial centers such as Luxembourg, Jersey andDublin are attempting to woo hedge funds back onshore. Such efforts […]
Hedge Fund assets to account for over 5% of total global financial assets by 2009
WEST PALM BEACH, FL (HEDGECO.NET) – Attendees at the annual Global Alternative Investment Management conference were told that the rate at which global hedge fund assets are growing, by 2009, hedgefund assets will constitute between 5% and 9% of the […]
CSFB/Tremont releases Indices for May 2004
NEW YORK, NY — The CSFB/Tremont Hedge Fund Index is down 0.23% for May 2004, according to Oliver Schupp, President of Credit Suisse First Boston Tremont Index LLC. �Exogenous factors continue to drive the overall market conditions – fears of […]
GLG Partners to launch two new Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – GLG Partners has announced that it will be launching two new funds in the coming weeks; the London based asset management group said it has raised about US $550million to be used as seed […]
MFA to intensify efforts against Hedge Fund regulation
WEST PALM BEACH, FL (HEDGECO.NET) – The Managed Funds Association, [MFA] an organization representing many hedge funds, including many of the largest and most influential hedge funds seeks tointensify its efforts against the proposed hedge fund regulation by the US […]
Ontario Teachers Pension Plan to increase its Hedge Fund allocation
WEST PALM BEACH, FL (HEDGECO.NET) – The second largest pension plan in Canada, the Ontario Teachers Pension Plan, has announced intentions to increase its hedge fund allocations with an additional US$300 million. The new money will be allocated this year […]
Hedge Fund registration proposals may be stalling
WEST PALM BEACH, FL (HEDGECO.NET) – In recent months, there has been increasing speculation that hedge fund regulation proposals by the SEC will be enacted into law. Some lawyers however, have begunto raise questions whether these proposed laws will ever […]
Hedge Funds do not pose dangers to financial security, industry experts say
WEST PALM BEACH, FL (HEDGECO.NET) – According to statements made by industry experts, hedge funds do not pose any dangers to the global financial system; attendees of the recently concluded hedgefund GAIM conference in Lausanne Switzerland were told. According to […]