Monthly Archives: August 2004
HBV to start marketing hedge funds in Germany by year’s end
GERMANY, (HEDGECO.NET) – HVB Group, the second-biggest bank in Germany, has announced that it will begin marketing hedge funds in Germany by the end of 2004. These plans will enable HBV to competewith other rivals for the German hedge fund […]
Former Hedge fund executive pleads guilty to fraud
WEST PALM BEACH, FL (HEDGECO.NET) – Edward Strafaci, a former executive vice president and trader at Lipper Holdings LLC has pleaded guilty to fraud charges, brought against him by the Securities andExchange Commission. Strafaci admitted that between 1996 and 2002, […]
MFA Letter to SEC Requests Extension of Comment Period on Proposed Hedge Fund Rule
August 13, 2004 Jonathan G. Katz Secretary Securities and Exchange Commission 450 5th Street, N.W. Washington, D.C. 20549-0609 RE: Release No. IA-2266 (File No. S7-30-04): Proposed Registration under the Advisers Act of Certain Hedge Fund Advisers Dear Mr. Katz: The […]
SEC Proposes Requiring Managers of Hedge Funds
I. Introduction SAN FRANCISCO � (HEDGECO.NET) – On July 14, 2004, the Securities and Exchange Commission (the �SEC�) voted 3 to 2 to publish proposed new rule 203(b)(3)-2 under the Inve
SEC regulation may weed out some bad eggs
WEST PALM BEACH, FL (HEDGECO.NET) – Derek Stewart, director of U.K.-based fund of hedge funds manager Mellon Global Alternative Investments, said that the proposed hedge fund regulations by the USSEC could help to weed out bad hedge fund companies without […]
New European hedge fund performance report released
WEST PALM BEACH, FL (HEDGECO.NET) – The new European hedge fund report, Datamonitor, has been released. The report covers the big five European Countries: France, Germany, Italy, Spain, and UnitedKingdom. It addresses issues relating to the private client hedge fund […]
New Citadel Software offers security of financial transactions
WEST PALM BEACH (HEDGECO.NET) – Citadel Security Software Inc, said that Satellite Asset Management has signed on to its new trading software, Hercules. The system employs automated vulnerabilityremediation (AVR) technology, �to ensure the security of financial transactions, proprietary information and […]
Hedge Funds short shares of Man Group
WEST PALM BEACH, FL (HEDGECO.NET) – For some time now, Man Group has maintained the title of world�s largest hedge fund. Along with the title, came the perception that all was well within thecompany. Very suddenly in April however, the […]
Venture Capital Companies concerned over SEC hedge fund regulation
WEST PALM BEACH, FL (HEDGECO.NET) – The venture capital industry has raised some concerns regarding the Security and Exchange Commission�s plans to regulate the US hedge fund industry. The industryobviously hopes that venture capital companies are not next in line […]
Andy Summers to start his own hedge fund
WEST PALM BEACH, FL (HEDGECO.NET) – The list of former managers leaving their existing firms to start managing their own hedge funds continues to grow each day. Andy Summers, former manager atInvesco Funds Group is going down that same path. […]
New Surveys show growing interest in hedge funds
WEST PALM BEACH, FL (HEDGECO.NET) – Regardless of lackluster hedge fund performance seen in recent months, a new survey conducted by EPN shows that an increasing number of European Pension Funds areinterested in hedge fund investment products. EPN surveyed nine […]
New asset inflow into hedge funds slowed down in 2nd quarter
WEST PALM BEACH, FL (HEDGECO.NET) – New data released by Hedge Fund Research Inc. [HFR] shows that asset inflows to hedge funds have slowed down considerably from levels seen recently. According toHFR, hedge funds took in $7.5 billion during the […]