Monthly Archives: March 2005
New Study says Hedge Fund fraud occurs where supervision, separation of powers and transparency are lacking
WEST PALM BEACH, FL (www.hedgeco.net) – A new study conducted by the Association of Certified Fraud Examiners concluded that fund fraud occurs in situations where supervision, separation of powersand transparency were lacking. The study also said such fraud occurs in […]
Financial Planners may Increase Hedge Fund Portfolios
WEST PALM BEACH, FL (HEDGECO.NET) – According to published reports, some of the new hedge fund regulations will mandate that hedge funds be required to register with the SEC. Such registration wouldimply that all hedge fund advisers would be automatically […]
Some Funds Still Trying to Avoid Accountability, SEC says
WEST PALM BEACH, FL (HEDGECO.NET) – Some members of the US Mutual fund industry are still trying to avoid accountability following the scandals which rocked the mutual fund industry and alsoimplicated some hedge fund firms as well. The head of […]
German Regulator Gives Approval for First Two Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – The German Financial markets regulator, BaFin has given its approval to Germany�s first two hedge funds, to be marketed to German investors. A unit of DeutscheBank, DWS has been given the approval to begin […]
Chairman of National Association of Pension Funds says Hedge Fund Industry is Unstable
WEST PALM BEACH, FL (HEDGECO.NET) – Chris Hitchen, the new Chairman of the National Association of Pension Funds said the hedge fund industry is �inherently unstable.� According to him, �this may bethe greatest limited factor in determining the eventual size […]
GMM Hedge Fund Acts Called a Fraud
WEST PALM BEACH, FL (HEDGECO.NET) – Charles La Bella, a court appointed receiver for the collapsed GMM hedge fund company, told reporters after a court hearing last week that fraud was the root causeof the collapse of the hedge fund […]
SAGA Investments to Offer New Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – SAGA Investment management company has joined hands with RAB Investments to offer hedge funds. According to a released statement, the new funds are designed toprotect investors from falling markets; such strategy involves �short selling� […]
New VIP Hedge Fund of Funds Launched
WEST PALM BEACH, FL (HEDGECO.NET) – A European asset management company has launched a new hedge fund product. The new product, known as VIP fund, was unveiled by Charlotte Square, a veteran fundmanager. The VIP is an acronym which stands […]
Pension Fund Manager Sets Code of Ethics for Advisors and Fund Managers
WEST PALM BEACH, FL (HEDGECO.NET) – The largest pension fund manager in the United States has established a code of ethics for advisors and fund managers following the recent trading scandals. TheCalifornia Public Employees Retirement System [CalPERS] released a statement […]
Hedge Fund Company Makes its Trading Debut at London Stock Market
WEST PALM BEACH, FL (HEDGECO.NET) – RAB Capital, a multi-strategy hedge fund company made its trading debut at the AIM stock market. The fund is owned by London Stock Exchange, according to publishedreports and the RAB stock held its own […]
Higher Hedge Fund Fees Justified, Hedge Fund Executive says
WEST PALM BEACH, FL (HEDGECO.NET) – The Chief Executive of a London-based hedge fund marketing company, Ian Morley told a Bloomberg correspondent, in a televised interview that higher hedge fund feesare justified. According to Morley, such fees when compared with […]
Harvard University to Cap Fund Manager’s Compensation
WEST PALM BEACH, FL (HEDGECO.NET) – The Harvard University authorities have made a decision to reduce the compensation of its fund managers, according to a new released statement. Several members ofthe University Alumni have recently criticized what they characterized as […]