Monthly Archives: June 2006
Pragmatic Approach for Hedge Fund Regulation
WEST PALM BEACH, FL (HEDGECO.NET) – In the Report, FSA Chief Executive John Tiner said, “We have been careful to be proportionate in our regulation of hedge fund managers, bearing in mind the highly mobile nature of the business and […]
US states set to draw up hedge fund rules
Times Online – CALLS to impose stiff rules on hedge funds intensified last night as Richard Blumenthal, the Connecticut attorney-general, told politicians that states were poised to join together todraw up their own regulations to govern the $1.2 trillion (£660 […]
Hedge funds lose this year’s gains in a month of turmoil
Financial Times – The recent market turmoil has wrong-footed a wide swathe of hedge funds, many of which have seen their gains this year wiped out in the past few weeks, according to figures obtained by the Financial Times. Nearly […]
FUND VIEW-IMS backs absolute return-oriented funds
Reuters.uk – Paul Kim, a fund manager at IMS, told Reuters he has increased exposure to absolute return-oriented portfolios because he believes the stock market will remain turbulent this summer. Kim, a multi-manager who co-manages around 4 billion pounds in […]
Hedge fund inquiry led to firing, attorney says
Rocky Mountain News – A former government attorney told Congress on Wednesday that he was fired last summer after he tried to subpoena a prominent Wall Street executive to testify in aninsider-trading investigation of a major hedge fund. Attorney Gary […]
‘Happy Meals’ Satisfy Firms, Hedge Funds
Street.Com – It may not be healthy for kids to gorge themselves on McDonald’s Happy Meals, but corporate America is certainly indulging. The corporate “happy meal” has nothing to do with burgers, fries or movie-themed toys. Rather, companies are financing […]
Huston Exploration Seeking Alternative to Jana Bid
WEST PALM BEACH, FL (HEDGECO.NET) – Jana Partners LLC, a hedge fund worth approximately $5 billion, was turned down in their proposal to acquire the remaining interest of 87.7% in The Houston Exploration Co for approximately $1.6 billion in cash. […]
Cazenove to Offer Retail Access
WEST PALM BEACH, FL (HEDGECO.NET) – Cazenove Capital Management is looking to launch retail access in September to its five hedge funds with a £1,000 minimum investment, four of which are closed to new investors. The usual entry investment is […]
Hedge fund managers rake in the bucks
Moneyweb – South Africa’s hedge fund industry is mushrooming, with assets under management more than doubling in the last 18 months to about R16,8bn. That number is expected to jump to R20bn by the end of the year and R30bn […]
Luxembourg finds its feet as a hedge fund centre
HedgeWeek – In its decade-long rivalry with Dublin as the main European centres for cross-border border investment fund services, it’s generally acknowledged that Luxembourg missed a trick by failing in the mid- to late 1990s to spot the potential importance […]
FSA increases focus on hedge fund activity, retail investment
Life Style Extra – The Financial Services Authority said it has increased the amount of data collected from hedge fund managers due to the significant proportion of London market equity volumes thatcan now be attributed to them. In the UK […]
Hedge fund UK’s biggest donor
BBC News – A hedge fund has emerged as one of the UK’s most generous philanthropists, says BBC business editor Robert Peston. Accounts just filed show the fund – The Children’s Investment Fund (TCI) – gave £50.4m to its charitable […]