Monthly Archives: May 2007
Japanese regulator to monitor hedge funds
Reuters.uk – Japan’s Financial Services Agency (FSA) said on Tuesday it will begin monitoring hedge funds operating in Japan, seeking to ward off potential turmoil in financial markets. The regulator will ask hedge funds filing with it from around September […]
Hedge fund Liberation demands Multimedia changes
Reuters – Activist hedge fund Liberation Investment Group LLC said on Tuesday it is stepping up its campaign to boost share value at Multimedia Games Inc. (MGAM.O: Quote, Profile, Research), saying it may run a proxy battle or take other […]
Hedge fund pay soaring to new heights
MSNBC – NEW YORK – From Wall Street to Main Street, CEO compensation is big business these days. How much does your hedge fund manager make? The chances are it’s a lot. Hedge Funds are hot. With inflows from pension […]
Protecting hedge funds from fraud
Cay Compass – Hedge funds have distinct product and market characteristics that make them vulnerable to money laundering, fraud and even terrorist financing. They are manager skill–based, which means there is a certain level of proprietary knowledge involved in the […]
Attorney: NYU student was ‘pawn’ in $7 million hedge fund scam
Boston Globe – A former New York University whiz kid whose Greenwich hedge fund cost investors millions of dollars was the fall guy in the fraud, not the criminal mastermind, his attorney said Tuesday. Prosecutors rejected that idea, saying Hakan […]
Hedge Funds Flog Micron/Lexar Deal
TheStreet.com – Several hedge funds continue to oppose Micron’s (MU:NYSE – commentary – research – Cramer’s Take) acquisition of Lexar Media (LEXR:Nasdaq – commentary – research – Cramer’s Take),and recently told the companies that they plan to vote against the […]
Fund managers do their maths
MSNBC – More than 28 per cent of all US equity trading was driven by so called “algorithmic trading” at the end of last year, as traditional fund managers followed the lead of hedge funds and began to embrace complex […]
Hedge Funds That Bet On Refco Face Letdown
Dow Jones – Refco Inc.’s (RFX) creditors said disappointment awaits a group of hedge funds that has bet on a “substantial” payoff in the company’s bankruptcy case. The hedge funds, including JMB Capital Partners and Lonestar Capital Management LLC, hold […]
Rockwater Hedge hires New CFO
WEST PALM BEACH, FL (HEDGECO.NET) – Rockwater Hedge, LLC, an investment management firm that offers sophisticated municipal bond investing strategies to institutional and high net worth investors, today announced that it has hired John E. Hapke as Chief Financial Officer. […]
Top 25 Hedge Fund Managers
WEST PALM BEACH, FL (HEDGECO.NET) – The Top 25 highest paid hedge fund managers earn $363m on average, according to the Institutional Investor’s Alpha magazine list. Up 45 per cent from the $251maverage in 2004. The top slots are an […]
Companies advised to heed hedge fund demands
Reuters – Hedge funds, whose huge stock bets can cause big market swings, are feared and reviled by many corporations that prefer more control over their fortunes. But companies willing to open their doors to hedge fund scrutiny could gain […]
Offshore tax risk to hedge fund managers
Financial Times – Hedge fund managers could have to pay hundreds of millions of pounds in tax after a crackdown on firms that channelled excessive profits to offshore tax jurisdictions. // Investigators are pursuing fund managers who cannot justify the […]