Monthly Archives: August 2006
Hedge Funds Lead GUS 3-0 in Debt-Default Tussle: Mark Gilbert
Aug. 3 (Bloomberg) — Chalk three up for bondholders’ rights. GUS Plc is losing the battle to split itself in two without compensating the holders of its 350 million pounds ($658 million) of notes repayable in 2013. The trustee for […]
Specifically for Hedge Funds
Insurance News Net – NEW YORK–(BUSINESS WIRE)–Aug. 2, 2006– OpenPrime(SM) Provides Hedge Fund Managers with End-to-End Capabilities — Including Trading, Order and Portfolio Management and Accounting Citigroup Corporate and Investment Banking today announced the launch of a front to back […]
Tough times continue for hedge funds – CNNMoney.com
New York (CNNMoney.com) — Hedge fund performance was roughly flat through the third week of July, but a broad market rally in the month’s final week could push returns into the black for the first time since April. Hedge funds […]
Carlyle to hire chief for new hedge fund
NEW YORK/LONDON (Reuters) – Private equity firm Carlyle Group is close to hiring a top banker from Deutsche Bank to head its long-planned hedge fund, sources familiar with the matter said on Tuesday. Ralph Reynolds, who is global head of […]
FSA fines hedge fund GLG Partners
LONDON (Reuters) – The Financial Services Authority said on Tuesday it had fined hedge fund manager GLG Partners and a former managing director of the firm, Philippe Jabre, 750,000 pounds each for market abuse. It is the first time the […]
More Tobacco Money Heads to Hedge Funds – International News Service
Aug. 2–MORRISVILLE — The Golden LEAF Foundation decided Tuesday to increase its hedge fund investments by $24 million, using transfers from money now invested in stocks and bonds. Board members and their financial advisers said hedge funds’ reputation as risky […]
Hedge funds prepare plans for Delphi restructuring
The two largest shareholders in Delphi are preparing a restructuring package for the bankrupt US car parts maker in an attempt to speed its exit from Chapter 11. Appaloosa Management and Harbinger Capital Partners, two hedge funds which between them […]
Fidelity and Sunguard Launch Integrated Service
BOSTON and WAYNE, Pa, August 1, 2006 – Fidelity Investments and SunGard (www.sungard.com) today announced an exclusive agreement to integrate the brokerage services of Fidelity’s Registered Investment Advisor Group with the transaction processing capabilities of the SunGard Transaction Network (STN). […]
Man Group plc offers Class I units
August 1, 2006 – London – Man Group plc, a leading global provider of alternative investment products and solutions as well as one of the world’s largest futures brokers, today announces thatMan-Glenwood Lexington TEI, LLC, its Securities and Exchange Commission […]
AIMA Highlights the new Regulatory Capital Changes
London 1st August, AIMA, the global trade organisation for hedge funds today highlighted the implementation of the Capital Requirements Directive (CRD), introduced by the European Union. The new Directive, based in part on the existing regulatory capital directive, applies to […]
Three facing SEC claims of market timing
Denver Post – The U.S. Securities and Exchange Commission on Monday accused three former Janus Capital Group executives of allowing market-timing transactions, or prohibited rapid trades in and outof mutual funds. The SEC alleges that Warren Lammert, former manager of […]
UK funds under management grow to a record 3.5 trln stg in 2005
Forbes – Assets under management in the UK fund management industry grew by 7 pct to a record 3.5 trln stg in 2005 on the back of strong growth in hedge funds and property funds as well as private client […]