Monthly Archives: May 2006
Conference to Discuss Effect of Hedge Funds on Distressed Debt Market
WEST PALM BEACH, FL (HEDGECO.NET) – The face value of distressed debt in the United States is estimated to exceed $600 billion. Prominent and lesser known distressed managers control a significant percentage of this country’s steel production, movie theaters, textile […]
AP1 managers leave to form hedge fund
IPE.com – The roughly SEK33.6bn (€3.6bn) Swedish hedge fund outfit Brummer & Partners has nabbed two asset managers from buffer fund Första AP-fonden, or AP1, todevelop a new hedge fund. Jesper Sandin and Daniel Chapuis are due to leave the […]
InfoUSA tells shareholders to ignore hedge fund
Reuters – InfoUSA on Thursday urged shareholders to ignore calls from a hedge fund to vote the database firm’s founder off its board, the latest shot in an increasingly acrimonious proxy battle. In a letter to stockholders, infoUSA founder and […]
EU’s McCreevy rules out legislating on hedge funds
Reuters Italia – EU Internal Market Commissioner Charlie McCreevy ruled out introducing new rules to regulate hedge funds, saying they played a key role in putting the “fear of God” in companymanagement and boards to the benefit of all. “My […]
Returns soar in North America
CityWire.co.uk – With returns in North America over the past 12 months outstripping those of recent years, the sectors top three fund managers have all derived their returns from different sectors of the market. Smith & Williamson’s A-rated Lady Tana […]
Reuters, CME venture targets hedge fund growth
Reuters – A Reuters Group Plc and Chicago Mercantile Exchange deal to create the first centrally cleared foreign exchange marketplace aims to tap growing institutional and hedge fund activity, thetwo companies said. The companies said on Thursday they will pool […]
May 16: US Senate Panel to Hold Hedge Fund Hearing
WEST PALM BEACH, FL (HEDGECO.NET) – The chairman of a Senate Banking subcommittee Sen. Chuck Hagel, a Nebraska Republican, said on Wednesday he plans to hold a hearing May 16th on the role that lightly regulated hedge funds play in […]
SEC to Focus Audits on High Risk Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – The U.S. Securities and Exchange Commission is now targeting funds that have weak internal controls for regulatory action, said a senior SEC official to Reuters on Wednesday. Elizabeth Jacobs, deputy director of the SEC’s […]
Hedge funds work to build K St. clout
Like many growth industries that go a-courting in Congress, hedge funds have approached legislative and regulatory hurdles with lobbyists retained and pocketbooks open. As hedge funds continue to attract a broader class of investors, however, they are discovering that educating […]
Hedge fund names board nominee in Topps proxy fight –
Reuters – Hedge fund Pembridge Capital Management LLC said on Wednesday it has notified Bazooka bubble gum maker Topps Co. Inc. that it has replaced Eric Newman as one of its nominees forelection to the Topps board of directors with […]
Morgan Stanley Names Hedge Fund Chief
Street.Com – Morgan Stanley continues to build its alternative-investments group, tapping an executive from another key division to spearhead the firm’s push into hedge fundsand other areas of advanced portfolio management. On Wednesday, Morgan Stanley named Stu Bohart, the former […]
Green Drake Capital Launches Investment Banking Division – Aspenwood Capital
WEST PALM BEACH, FL (HEDGECO.NET) – Green Drake Capital Corp., an NASD registered broker-dealer located in New York City, today announced the formation of Aspenwood Capital, an investment banking division based in Golden, Colo. that will raise capital for small-cap […]