Kansas City Star – American Century Investments on Wednesday launched the American Century Long-Short Equity Fund, created to use some of the same trading strategiesas hedge funds. The fund will be managed by Kurt Borgwardt, senior portfolio manager of American […]

St. Louis Post-Dispatch – Angelica Corp. said Wednesday that it so far has failed to satisfy the demands of its largest shareholder, Steel Partners II LP, which wants the Chesterfield-based companyto make governance changes or put itself up for sale. […]

Chicago Tribune – Many hedge funds, the often secretive and lightly regulated investment vehicles for wealthy individuals and big institutions, are hedging when it comes to new rules requiring themto give up some of their privacy. Starting Wednesday, hedge fund […]

Reuters – Vega Asset Management Partners LP, a $7.5 billion hedge fund manager, posted marginal gains for most of its seven funds in December after suffering losses during 2005, according to a Vegainvestor newsletter obtained by Reuters on Tuesday. New […]

Moneyweb – WHAT is the difference between say, a general equity unit trust and a hedge fund? In a recently released hedge fund report, Peregrine Securities notes that the average South African unit trust derives some 93% of its investment […]

CFO.com – Trident Exploration Corp. needed money last year, and lots of it. Based in Calgary, Canada, the privately held company extracts natural gas from coal, but its business is too early-stage for most commercial bankers. So Trident turned to […]

MSN MoneyCentral – Some hedge fund managers believe their compliance costs will increase this year even though they took steps last year to register their businesses with the chief US financial regulator, according to a new survey. Greenwich Associates, the […]

Smart Money – CALL IT HEDGE FUNDS’ dirty secret: They often generate painful tax bills for investors. That mattered less back when hedge funds routinely churned out double-digit returns. But as returns have slipped in recent years, individual investors — […]

Middle East North Africa Financial Network – Many hedge funds, the often secretive and lightly regulated investment vehicles for wealthy individuals and big institutions, are hedging when it comes tonew rules requiring them to give up some of their privacy. […]

reuters.uk – A U.S. bankruptcy judge ruled on Tuesday that an agreement for Cargill to use a unit of bankrupt Refco as its sole commodities broker could be assigned to the new ownerof the Refco unit, Man Financial. U.S. Bankruptcy […]

MarketWatch – When SAC Capital Advisors, a top-performing hedge fund run by Steven Cohen, started raising money for a new fund in December, many investors rushed to get in. That’s despite an annual management fee of 3%, a performance fee […]

IPE.com – Stichting Pensioenfonds ABP has been named as an observer at a new expert sub-group on hedge funds set up by the European Commission. The Dutch civil service scheme’s Robert Coomans is one of five observers to the group […]