Monthly Archives: March 2006

International Herald Tribune – Bear Stearns reached a $250 million settlement with U.S. regulators over claims it cheated investors by helping clients illegally trade mutual fund shares, two peoplewith direct knowledge of the matter said.   The agreement with the […]

Reuters – Hedge funds that specialize in convertible arbitrage made a comeback in the first two months of 2006 after poor performance and heavy liquidations in 2005, according to managers and newnumbers released on Tuesday. Grateful to still be in […]

Yahoo! News – Singapore’s stock exchange is paving the way for the listing of hedge funds, the first major push in Asia. Singapore Exchange Ltd. (S68.SG), or SGX, released a proposed framework forlisting hedge funds last week, and expects to […]

MSN MoneyCentral – Leading credit derivatives dealers have committed to take steps that could lead to a “dramatic improvement” in market practices and to cut further the backlog of outstanding tradesthat has plagued the fast-growing market. The pledges come amid […]

Reuters – Hedge fund manager Jeffrey Thorp and three New York-based hedge funds he manages have agreed to pay $15.8 million to settle charges they engaged in an illegal trading scheme to evaderegistration requirements with 23 securities offerings commonly referred […]

WASHINGTON, March 13 (Reuters) – The U.S. Treasury Department is studying the growth of sophisticated financial vehicles such as hedge funds and derivatives to see what risks they may pose to financial markets or institutions, a senior official said on […]

There appears to be a diverging approach to the regulation and development of hedge funds as domestic regulators like the Hong Kong Securities and Futures Commission and the Financial Services Authority (FSA) in the UK are considering the retailisation of […]

The country’s $22 billion hedge funds industry will continue to grow at phenomenal rates, but the challenge is to ensure new hedge fund managers have the right skills, said the Alternative Investment Management Association’s (AIMA) chairman Kim Ivey. According to the […]

Every day, the boundaries blur between private equity and hedge funds. Hedge funds are imposing more illiquid terms on investors and seeking returns in the nonpublic universe. And traditional private equity behemoths like Kohlberg Kravis Roberts & Co. and Blackstone […]

BOSTON, March 13 (Reuters) – Hedge fund manager Kirk Wright bought an Aston Martin, Jaguar and Bentley, and other luxury items, apparently with money that belonged to hundreds of clients who trusted him to invest their millions, U.S. regulators said […]

LONDON: Funds of hedge funds expect to make solid profits over the next two quarters, with Japanese and US stocks seen as particularly good investments, a Reuters poll shows. The Reuters survey of 10 funds of hedge funds, which together […]

A year ago, when the then-chairman of Germany’s Social Democratic Party (SPD), Franz Müntefering, denounced hedge funds as “locusts,” one commentator noted: “Müntefering insults the locusts, Schröder is feeding them.” He was referring to the fact that Gerhard Schröder’s coalition […]