Monthly Archives: May 2006
Rock Crest Capital Announces Appointment of Senior Portfolio Manager
WEST PALM BEACH, FL (HEDGECO.NET) – Rock Crest Capital, LLC (RCC), a U.S. long/short equity hedge fund with a focus on the global impact of technological change, announced today the addition of Mr. Patrick S. Wayland as Managing Director, with […]
LucidQ Investment, Inc. Launches Equity Hedge Fund
WEST PALM BEACH, FL (HEDGECO.NET) – LucidQ Investment, Inc., a registered investment advisor based in Virginia, today announced the launch of the LucidQ Hedge Fund, L.P. Designed for accredited investors and qualified clients, the LucidQ Hedge Fund seeks to mitigate […]
Macquarie hedge fund offering expanded
Macquarie Portfolio Management has expanded its range of hedge fund investment options, giving retail investors access to a global group of absolute return hedge fund managers. Macquarie Equity Markets Group division director Cathy Kovacs said the Macquarie Equinox Select Opportunities […]
Battered Bawag Aims to Show it’s Solvent
New York Post – Bawag, the Austrian bank whose own web of intrigue is beginning to rival Refco’s, is still working feverishly to strike a deal with the defunct future-trading giant’s creditors,according to reports. Reeling from a month of disclosures […]
New way to play distressed companies: Acquire the stock
Pittsburgh Post-Gazette – Daniel Arbess got a call from a broker in early February pitching him shares of Riverstone Networks Inc., a Santa Clara, Calif., Internet-equipment company that had filedfor bankruptcy protection the day before. Like others willing to take […]
Copper resort owner urged to sell
Rocky Mountain News – A hedge fund manager pushing Intrawest Corp. – the owner of Copper Mountain and operator of Winter Park – to sell itself has gobbled up more shares of the ski resort and realestate development company. Pirate […]
DOW Jones Indexes Launches Subsector Indexes
WEST PALM BEACH, FL (HEDGECO.NET) – Dow Jones Indexes, a leading global index provider, today announced the launch of 10 customized, subsector indexes selected from large- and small-cap stocks. Barclays Global Investors (BGI) has licensed the indexes to serve as […]
BNY Brokerage Firm Adds Hedge Fund Unit
WEST PALM BEACH, FL (HEDGECO.NET) – BNY Brokerage, a Bank of New York subsidiary, has formed a new unit to provide the hedge fund community with independent research tools, electronic trading and commission management services. The Bank of New York […]
Close Fund Management opens Hedge Fund to Retail Investors
WEST PALM BEACH, FL (HEDGECO.NET) – Close Fund Management is teaming up next month with BlueCrest, a well known US hedge fund manager with more than $9bn under management. This will give access tomore private investors interested in hedge fund […]
Hedge Fund Chief to Plead Guilty to Investor Fraud
WEST PALM BEACH, FL (HEDGECO.NET) – Keith G. Gilabert, the founder of an investment firm that operated a hedge fund called the GLT Venture Fund has agreed to plead guilty to federal charges that may have cost investors as much […]
Morgan Stanley to set up local hedge fund service
Australian – IN another sign of the swift evolution of the nation’s hedge fund market, Morgan Stanley is launching an Australian hedge fund services business. The business of settling hedge fund trades and providing financing to hedge funds, known as […]
Dollar hits 7-month low vs yen, seen vulnerable
Reuters – The dollar hit a seven-month low against the yen on Monday, extending a slide as the Federal Reserve appears set to soon end a two-year run of credit tightening that had widened the U.S.currency’s yield advantage. A renewed […]