Monthly Archives: June 2006
Hedge Funds fuel Millionaire boom
WEST PALM BEACH, FL (HEDGECO.NET) – According to a study released on tuesday by Merrill Lynch & Co. regarding the soaring number of millionaires; experts at the financial services firm concludethat the higher wealth accumulation in 2005 reflected more aggressive […]
Exotic Emerging Bubble
WEST PALM BEACH, FL (HEDGECO.NET) – Emerging market hedge funds who are investing in Exotic stocks, such as Brazil, Russia, India and China, have seen some stormy weather in the past two months. Almost all the emerging markets have since […]
IPO Completed by Hedge Fund
WEST PALM BEACH, FL (HEDGECO.NET) – Goodman & Company, Investment Counsel Ltd. announced that diversiGlobal Dividend Value Fund has completed its initial public offering. The hedge fund issued 3,500,000 units at $10.00 per unit, for gross proceeds of $35 million, […]
Six Boston firms among top 100 hedge funds in US
Boston Globe – Six Boston firms rank among the top 100 hedge funds in the country, according to the annual ranking by Alpha magazine. Wellington Management Co. led the Boston contingent on the list in a three-way tie for the […]
Hedge Funds Bid for Three Companies
CFO.com – In the past week or so, at least three hedge funds have made formal tender offers for three different companies. These three funds, as well as a number of other private investmentpartnerships, have been setting aside assets to […]
Cayman hedge fund industry set for record growth
Reuters – Some 665 hedge funds established a presence in the Cayman Islands in the first five months of 2006, a pace that could put the offshore banking center on track for another record year inregistrations in 2006, Cayman officials […]
Neural networks invade hedge fund industry
Moneycontrol.com – Imagine a mathematical system that works like a human brain, can absorb thousands of bits of information in seconds, learn from its mistakes, adapt to new environments and help a manager allocate money to hedge funds. Reuters reports. […]
Paladyne integrates Reuters DataScope into hedge fund platform
Finextra – Reuters (LSEL RTR, Nasdaq: RTRSY) and Paladyne Systems, LLC, a leading solutions provider for the hedge fund industry, today announced a strategic alliance which combines the Reuters DataScope market data solution with Paladyne’s front- to- back office hedge […]
Mitel Introduces IP Trader Solutions – Converged Offering Unveiled at 2006 SIA Technology Management Conference
Yahoo! – Mitel®, the trusted innovator of IP communications solutions and applications, today unveiled a portfolio of IP Trader Solutions for financial services organizations at the 2006 SIATechnology Management Conference in New York. In partnership with PAETEC Communications, Inc., the […]
When Hedging Doesn’t Pay Off
Washington Post – The financial world has been suffering lately from Post-Greenspan Stress Disorder. The new chairman of the Federal Reserve, Ben Bernanke, has been accident-prone, and some investorshave gotten the jitters. They might be reassured if they paid more […]
Trichet says would be reassured by more transparency in hedge fund operations
Forbes – BRUSSELS (AFX) – European Central Bank president Jean-Claude Trichet said greater transparency in the operations of hedge funds would provide reassurance about the stability of the world financial system. Trichet told the European Parliament economic and monetary affairs […]
Bank of Ireland Group and Paul Capital Announce Private Equity Fund of Funds Joint Venture
WEST PALM BEACH, FL (HEDGECO.NET) – Bank of Ireland Group announces that it has established a joint venture with Paul Capital Partners (PCP), a leading US private equity specialist, to provide private equity fund of funds products and advisory services […]