Monthly Archives: June 2005
Van Global Hedge Fund Index advances 1.2 percent in May
WEST PALM BEACH, FL (www.hedgeco.net) – The Van Global Hedge Fund Index rose 1.2% net of fees in May according to new preliminary data released by Van Global LLC (VAN), a leading hedge fund indexprovider. The gains in the Van�s […]
Veteran Fund Manager John Mack to head Pequot Capital Management
WEST PALM BEACH, FL (www.hedgeco.net) – John Mack, a former Credit Suisse First Boston Chief Executive and a longtime Wall Street money manager has defected to a hedge fund company. Mack has beennamed to the post of Chairman of Pequot […]
Bush Selects Rep. Christopher Cox to lead SEC
WEST PALM BEACH, FL (www.hedgeco.net) – President Bush has selected Republican Christopher Cox to be the next Chairman of the Securities and Exchange Commission, following last week�s resignation ofWilliam Donaldson. Cox was widely expected to receive the nomination. Chairman William […]
SEC Charges Amerindo Investment Advisors and Its owners with fraud
WEST PALM BEACH, FL (www.hedgeco.net) – The Securities and Exchange Commission has filed Securities fraud against Amerindo Investment Advisors, Inc., Alberto William Vilar and Gary Alan Tanaka,Amerindo�s co-founders and principals. According to the SEC the charges resulted from misappropriation of […]
SEC Chairman William Donaldson to Step down June 30
WEST PALM BEACH, FL (www.hedgeco.net) – The U.S. Securities and Exchange Commission Chairman William H. Donaldson announced his retirement from the agency effective June 30, 2005. In his resignationremarks, Donaldson said, �When I assumed the Chairmanship of the Securities and […]
Citigroup Agrees to settle $208 Million in SEC fines
WEST PALM BEACH, FL (www.hedgeco.net) – Citigroup Inc. has agreed to pay the SEC imposed $208 million to settle the fraud charges against Citigroup�s two subsidiaries with regard to the operation ofan affiliated transfer agent. The SEC released statements on […]
Investment Banks may suffer from heavy Hedge Fund redemptions
WEST PALM BEACH, FL (www.hedgeco.net) – Investment banks are expressing new concerns over their revenues coming from hedge fund business. Some brokerage banks are concerned that heavy redemptionsfrom hedge fund investors might affect their income coming from hedge funds such […]
Hennessee Group Releases its annual Hedge Fund Manager Survey
WEST PALM BEACH, FL (www.hedgeco.net) – The Hennessee Hedge Fund Advisory Group (“Hennessee Group LLC”) has released its 11th annual Hedge Fund Manager Survey. According to the survey results, �Thehedge fund industry grew 27% from $795 billion to over $1 […]
Risk to European Financial Stability from Hedge Funds may have increased-European Central Bank Official
WEST PALM BEACH, FL (www.hedgeco.net) – A governing official of the European Central Bank council said in a press conference that Hedge fund risks to the European Financial Market stability may havegone up from 2004. According to Tommaso Padoa-Schioppa, there […]
Forum to investigate Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – According to published reports, Hedge Funds systemic risks to the global financial system will be examined by the Financial Stability Forum. Lately, concerns havebeen raised that many fund of hedge funds are borrowing heavily […]
European Parliament to decide new rules for Hedge Funds after July elections
WEST PALM BEACH, FL (HEDGECO.NET) – The faith of hedge funds in the European Union may very well depend on the internal elections in the European Parliament Committee, which is in charge of policyformulation for economic and monetary affairs. The […]
New study shows that 50% of Asset Managers in Europe may be launching new Hedge Funds within the next 12 months
WEST PALM BEACH, FL (HEDGECO.NET) – A new study conducted by the Morningstar research organization revealed that about half of European asset management companies might be launching new hedge fundinstruments in the next year. The result of this study tends […]