Yearly Archives: 2005
Man To Turn Over Hedge Fund Documents
Institutional Investor – Facing a contempt of court charge, Man Financial has now agreed to hand over to the receiver for Philadelphia Alternative Asset Management audiotapes and other communications that may help clarify Man’s alleged role in helping hide some […]
NASD fines Merrill, Wells, Linsco over fund shares
Reuters – Brokerages regulator NASD said on Monday it imposed fines totaling $19.4 million on three firms — Merrill Lynch (MER.N: Quote, Profile, Research) , Wells Fargo (WFC.N: Quote, Profile, Research) and Linsco/Private Ledger Corp. — for what it said […]
Bank of Ireland to pay $184mn for fund firm stake
Reuters – Bank of Ireland (BKIR.I: Quote, Profile, Research) said on Tuesday it hadagreed to pay $184 million for 71.5 percent of Guggenheim Alternative Asset Management, a U.S. fund of hedge funds manager focused on institutional and high net-worth clients. […]
Goldman to drop convertible arb fund index
Reuters – Goldman Sachs & Co. (GS.N: Quote, Profile, Research) will discontinue its convertible arbitrage hedge fund index amid a general downturn in the once-lucrative trading strategy, the financial services firm told investors this month. The Goldman Sachs U.S. Convertible […]
The Andrew Davidson Interview: Hedge fund man makes charity an art
The Sunday Times – Harvey McGrath, chairman of Man, is the respectable face of the hedge fund industry. How long before his firm becomes part of the establishment? ’TIS the season to be jolly and those working in hedge funds, […]
Venezuela’s Chavez Uses `Hedge Fund’ to Buy Bonds, Sway Region
When Citigroup Inc. and JPMorgan Chase & Co., the two biggest U.S. banks in Latin America, balked at buying Argentine debt at an October government sale, Venezuela’s President Hugo Chavez stepped in. Chavez bought $337 million of bonds from Argentina’s […]
Gold Rises in Asian Trading as Hedge Funds Diversify Holdings
Bloomberg – Gold rose in Asia, pacing bullion futures in Tokyo, as hedge funds and other large speculators seek to diversify their holdings from currency, stocks and bonds. Speculators have more than doubled their holdings in gold futures in the […]
Hedge funds seeing opportunity in biotechs
MSNBC – Private biotech companies in Silicon Valley are finding a new source of capital from an unlikely place: hedge funds. Flush with a multi-billion-dollar war chest, hedge funds are increasingly adding private financing deals to their public market investments, […]
Hedge funds may have more time before SEC rule
Reuters – The U.S. Securities and Exchange Commission appears to be giving hedge funds a little more time to prepare for a new rule that will allow the financial regulator to watch the $1 trillionindustry more closely. The agency said […]
Hedge Funds lose ground as trusts join TSX
CTV.ca – The hedge funds got trimmed late yesterday, when many income trusts were hit by an unexpected drop in price as the sector joined the S&P/TSX composite index. For weeks, Bay Street professional traders have been loading up on […]
Hedge funds avoid new SEC rules
That may be a question nagging the Securities and Exchange Commission as the first, unofficial deadline of the agency’s new project to oversee the hedge fund industry is reached on Thursday. Hedge funds have traditionally been lightly regulated investment pools […]
Exporters drag Asia down
CNN – A resurgent yen hit a six-week peak against the dollar and one-month high against the euro on Friday as investors rushed to buy back the Japanese currency after a 12-month sell-off. The weakness of the dollar against the […]
