Yearly Archives: 2005
Pay By Touch taps hedge funds to raise $130M
Portland Business Journal – By Touch taps hedge funds to raise $130M Fingerprint scanner company went to hedge funds to raise $130 million in debt financing, rather than turn to venture capital firms, the company said Wednesday. The San Francisco […]
Hedge funds deliver returns in flat or falling markets
( www.businessreport.com ) – The most difficult decision facing investors and their advisers is that of asset allocation. Traditionally an investor’s options included cash, bonds, equity and property. Increasingly the investor is being faced with a new choice – hedge […]
Regulator targets Portus co-founder as charges filed
The co-founder of Portus Alternative Asset Management Inc. is facing possible jail time and millions of dollars in fines after the Ontario Securities Commission filed charges related to the collapse of the notorious hedge fund. “This is not the end […]
Global watchdog IOSCO drawing up hedge fund rules
FRANKFURT, Oct 5 (Reuters) – Global financial market watchdog group, the International Organization of Securities Commissions (IOSCO), said on Wednesday it was drawing up rules to regulate the increasingly powerful hedge fund industry. Technical advisers to IOSCO meeting in Frankfurt […]
Local investors sank $1.5 million into collapsed hedge fund
( www.theroyalgazette.com ) Forty-five Bermuda-based investors pumped almost $1.5 million dollars into a collapsed Canadian hedge fund that is now under investigation in Canada. Until regulators shut it down in February, Portus Alternative Asset Management was one of the fastest-growing […]
Mellon HBV Establishes Hong Kong – Based Research Team
NEW YORK, October 5, 2005 – Mellon HBV Alternative Strategies LLC, asubsidiary of Mellon Financial Corporation, today announced that it hasestablished a specialist research team in Hong Kong to cover Asianmarkets. This team will support Mellon HBV’s global multi-strategydiscipline and […]
Hedge Fund Clients: A Loyal Group
NEW YORK – Hedge fund investors may wobble, but they don’t fall down–even if returns are more in keeping with savings accounts than with some Flying Wallendas’ investmentvehicle. A new survey states that 91% of investors said their hedge fund […]
Hedge funds not systemic risk but need scrutiny-BIS
MUMBAI (Reuters) – Hedge funds do not pose a systemic risk to the world’s financial system but there is a need to look into the way in which they are sold to smaller investors, the Bank forInternational Settlement’s general manager […]
Gold, Little Changed, May Fall as Hedge Funds Sell Holdings
Oct. 5 (Bloomberg) — Gold prices, little changed in Asian trading, may decline this week as hedge funds sell their holdings. Hedge-fund managers and other large speculators have more than doubled their so-called net-long positions, or bets prices will rise, […]
Atticus Boosts Phelps Stake, Demands Share Buyback
Oct. 4 (Bloomberg) — New York hedge fund Atticus Capital LLC boosted its stake in Phelps Dodge Corp., the world’s second- biggest copper producer, and demanded the mining company use an estimated $2.5 billion cash surplus to buy back stock. […]
Institutions seen dominating hedge funds
LONDON (Reuters) – Institutions such as pension funds that are searching for returns independent of stocks and bonds are expected to be the biggest hedge fund investors in the future, a survey byconference organiser ICBI showed. Institutions are looking to […]
U.S. hedge funds may slip past SEC, research shows
BOSTON, Oct 3 (Reuters) – Hundreds of U.S. hedge funds may slip through the crack when they register with regulators, new research shows, causing a humiliating if not harmful situation as authorities begin to scrutinize the industry more closely. Life […]
