Monthly Archives: May 2007
Hedge funds have best April since 1999
MarketWatch- Hedge funds generated their biggest gains in more than a year in April as stock markets surged, especially in emerging markets. However, some managers are becoming more cautious as benchmark equity indexes hit records. An index compiled by Chicago-based […]
Edwards Discusses Time At Hedge Fund
Associated Press-Democrat John Edwards said Tuesday that he worked for a hedge fund between presidential campaigns to learn about financial markets and their relationship to poverty – and to makemoney too. In an interview with The Associated Press, the former […]
SEC Settles Against Zurich Hedge Fund With A $16 Million Penalty
The Securities and Exchange Commission announced a settled administrative proceeding against Zurich Capital Markets Inc. for its role in providing financing to hedge fund clients that engaged in market timing of mutual funds and facilitating the hedge funds’ deceptive trading […]
Daniel Moses Joins Longacre
Daniel Moses Joins Longacre Longacre Fund Management, LLC (“Longacreâ€Â) is pleased to announce that Daniel Moses has joined the firm effective, May 7, 2007, as a Managing Director with senior research analyst duties on Longacre’s distressed strategies and primary […]
Canadian Hedge Fund Launch
Goodman & Company Investment Counsel Ltd. announced the launch of the Dynamic Global Value Balanced Fund, a balanced fund offering global diversification. The fund highlights active hedging as risk management, minimizing sensitivity to interest rate and credit spread changes and […]
Zurich Pays $16.8m to Settle On Market Timing
Financial Times- Zurich Financial Services agreed Monday to pay $16.8m to settle allegations that its New York-based capital markets arm provided funding to four hedge funds that engaged in impropermarket timing of mutual funds. The US Securities and Exchange Commission, […]
Funds bet markets will remain calm
Financial News Online US- “Speak softly but carry a big stick,†was the West African proverb adopted by former US president Theodore Roosevelt. It could be the motto of the hedge fund industry. While most keep a low profile they […]
Hedge-Fund Technique by Harvard, Stanford Gets Senate Scrutiny
Bloomberg- Senate aides, looking for new sources of revenue, are studying how Harvard, Yale and Stanford are using offshore hedge funds to avoid tax bills. Staff of the Finance Committee discussed the matter yesterday with experts on taxes and hedge […]
Baucus Says Hedge-Fund Tax Bill Is `Nowhere Close
Bloomberg- Senate Finance Committee Chairman Max Baucus said his panel is “looking at the general question” of how hedge funds and private-equity firms are taxed, though Congress is “nowhereclose” to drafting a bill. “I’m not close to having legislation, not […]
Equity Fund Services Launches US Operation
HedgeCo.net – NEW YORK, May 7, 2007 – Equity Trust Group, a leading provider of trust, fiduciary and fund administration services, today announced the launch of their US office for subsidiary EQUITY Fund Services. Robert A. Schaeffer has been named […]
Lifting the Lid: Mutual Funds Becoming Shareholder Activists
Reuters- The world’s largest mutual fund firm is about to take on an unlikely title: activist shareholder. Fidelity Investments is expected next week to vote against a buyout offer for U.S. broadcaster Clear Channel Communications Inc., highlighting the increasingly active […]
Hedging Hedge Funds
New York Times- CAN you hedge a hedge fund? An investment currently being marketed to the rich is trying in essence to do just that, and the approach is bound to be offered to the rest of us soon. Often […]