Author Archives: the HedgeCo News Team
diversiTrust Income+ Fund Announces Exercise of Over-Allotment for Gross Proceeds of $9 Million
Goodman & Company, Investment Counsel Ltd., the manager of diversiTrust(TM) Income+ Fund (“the Fund”) is pleased to announce that the agents of the previously announced initial public offering oftrust units (“Trust Units”) have exercised their over-allotment option and have purchased […]
Mellon Sued Over Dreyfus Funds Marketing
PITTSBURGH (AP) – Mellon Financial Corp. and its Dreyfus Corp. subsidiary wrongly spent mutual fund assets on marketing expenses, including payments that induced brokers to push Dreyfus funds totheir customers over other investments, a federal lawsuit charges. The U.S. District […]
IIB offers new hedge-fund bond
IIB Bank has launched a new bond that allows people to invest as little as E10,000 in a portfolio of hedge funds. These funds are usually only available for much higher investment sums. The portfolio for the Growth Advantage Bond […]
Board part of sales package at new Eircom ; As the dominant player in the telecoms sector prepares for flotation, the composition of its new board sends a couple of important signals, writes John McManus
There is a game you can play with the boards of Irish public companies. It is to establish the personal and social connections between the non-executive directors. When it comes to companies chaired by Sir Anthony O’Reilly, such as Independent […]
PIMCO Advisors Fund Management Closed-End Funds Makes Announcement
PIMCO Advisors Fund Management LLC: -0- *T PIMCO MUNICIPAL INCOME FUND, PIMCO CALIFORNIA MUNICIPAL INCOME FUND, PIMCO NEW YORK MUNICIPAL INCOME FUND, PIMCO MUNICIPAL INCOME FUND II, PIMCO CALIFORNIA MUNICIPAL INCOME FUND II, PIMCO NEW YORK MUNICIPAL INCOME FUND II, […]
Former Bear Stearns High Profile Analyst to Launch a New Hedge Fund
WEST PALM BEACH, FL (HEDGECO.NET) – Jason Ader, a former high-profile analyst at Bear Stearns is launching his own hedge fund according to Reuter News Service. Mr. Ader founded the New York-basedHayground Cove Asset Management in March 2003, and is […]
Socially Responsible Hedge Fund to Donate Part of Profits to Charity
WEST PALM BEACH, FL (HEDGECO.NET) – StarFish hedge fund, managed by King StarFish Capital Mgt. LLC, is a socially responsible hedge fund, and is owned by minority and women interest according to thepress release from the asset management firm. The […]
The fundmanager in a stock-picking class of his own
HE might not be sure how many, if any, A levels he took but British-born Anthony Rawlinson has a good enough stock-picking brain for his $500 million (Pounds 265 million) global value equities fundto be top of the performance tables. […]
In Brief
TRADER TALK HEDGE fund giant Man Group has caught the eye of Lazard’s Tony Willis, who added to his holding after it announced plans to go into bond broking in competition with the banks. Willis’s Lazard UK Alpha fund bought […]
Investigator Urges Firms to Be Open
Top officials from the Securities and Exchange Commission and the New York attorney general’s office told mutual fund representatives Thursday that fund companies that step forward and acknowledgeviolations of securities laws will fare better than those that do not. At […]
Fidelity Says it Has No Plans for Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – Fidelity Investments has no plans to enter the hedge fund retail marketing business, such disclosure was made by Robert Reynolds, the vice chairman and investmentofficer for Fidelity. According to Mr. Reynolds, running mutual funds […]
Hedge Funds can now trade P-Notes SEBI Says
WEST PALM BEACH, FL (HEDGECO.NET) – The Securities and Exchange Board if India [SEBI] has clarified its former decision with respect to Hedge funds trading in Participatory Notes. The Indianregulator now says that all international hedge funds can now trade […]