Monthly Archives: February 2006
Dollar Flat Against Yen in Asian Trading
TOKYO (AP) – The dollar was almost flat against the yen Wednesday in Asia as traders adjusted their positions amid mixed sentiment over the Japanese central bank’s monetary policy. The dollar was trading at 118.02 yen by mid-afternoon in Tokyo, […]
Hartz Manager Killed
New York Post – Hunt Taylor, the man who oversaw nearly $1 billion in Stern family investments in hedge funds, was killed late Sunday in a motorcycle accident during a vacation inArizona. Taylor, 54, died when the motorcycle he was […]
Senate endorses tax break for financial firms
KVIA.com – The state Senate has unanimously approved a tax break for mutual and hedge funds that locate in New Mexico.The proposal approved today is part of a package of tax reductions recommended by Governor Richardson.It removes the gross receipts […]
January 2006 Performance Review of the DOW Jones Hedge Fund Strategy Benchmarks
HedgeCo.Net – All of the six hedge fund strategies covered by Dow Jones Hedge Fund Indexes entered 2006 by posting net-of-fees gains in January. One point worth noting is that as per the indexes’ calculation methodology, at the start of […]
FTSE Hedge Index returns strong performance for quarter
HedgeCo.Net – The FTSE Hedge Global Index continued its upward climb in January, posting gains of 2.12% in US$ terms. This is the third straight month of greater than 1% monthly returns, bringing the last rolling quarter’s cumulative return to […]
The Hedge Fund Report: Mission Mostly Accomplished
The asset manager has turned itself around, thanks in part to CEO Gary Black’s efforts, but there are still reasons for investors to be cautious Named for a two-headed Roman god, Janus Capital Group (JNS ) may have done an […]
At declaration day, Hedge Funds find way around regulations
Belleville News-Democrat – CHICAGO – Many hedge funds, the often secretive and lightly regulated investment vehicles for wealthy individuals and big institutions, are hedging when it comes to new rules requiring them to give up some of their privacy. Since […]
Hedge fund managers fear arbitrary SEC probes
Reuters – Hedge fund managers, many of which were forced to register as investment advisers for the first time this month, now have a new worry: legions of government inspectors poring over theirbooks and finding arbitrary violations. At an industry […]
Retail hedge funds likely to appear on Irish market in medium-term
Finance Magazine – Ireland looks likely to follow the lead set by Germany and the UK by offering retail investors the chance to buy into hedge funds for the first time. Leading figures in the Irish investment management industry believe […]
Hedge fund assets seen rising despite weak returns
Reuters.uk – Weak returns stemmed the flow of money into hedge funds late last year, but panellists at a conference said growth of assets in the industry will pick up as institutions continue todiversify their portfolios. Data from Chicago-based Hedge […]
Hedge fund turns up heat on Angelica directors
St. Louis Post-Dispatch – The Steel Partners II LP hedge fund on Monday stepped up pressure to gain power on Angelica Corp.’s board, telling regulators that it will ask Angelica shareholders to replace two directors – including the company’s chief […]
AIG Financial Products Corp. Announces Investment in Aspect Capital
AIG Financial Products Corp. (AIG-FP), a member company of American International Group (AIG), today announced that it has taken a 4.3% equity stake in Aspect Capital Limited a leading London-based hedge fund. In addition, AIG-FP announced that it provided US […]