Tag Archives: accredited-investors
Singapore’s Senior Minister to Host IFSB Summit
West Palm Beach (HedgeCo.net) – The 6th Annual Summit of the Islamic Financial Services Board (IFSB), is being held this year in Singapore under the patronage of Singapore’s Senior Minister, Goh Chok Tong, it is themed The Future of Islamic […]
Obama: Small Business Loans and Refinancing are Keys to Economic Recovery
New York (HedgeCo.Net) – President Obama met with Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner on Friday, after which he told reporters there are “glimmers of hope across the economy.” The meeting, which was also attended by […]
Florida Hedge Fund Fraudster Remains in Federal Custody
New York (HedgeCo.Net) – A former Florida hedge fund manager is being held without bail in a West Palm Beach prison after prosecutors convinced the judge he is a flight risk. Attorneys for Won-Sok Lee were seeking a continuance for […]
Hedge Funds Advance 1.37% in March
New York (HedgeCo.Net) – Hedge funds gained 1.37 percent in March, according to data compiled by the Hennessee Group LLC. It was a successful month for the equity markets at well, with the S&P advancing 8.54 percent, the NASDAQ climbing […]
CPIC Responds to SEC’s Proposed Curbs on Short-Selling
West Palm Beach (HedgeCo.net) – James Chanos, Chairman of the Coalition of Private Investment Companies (CPIC), said in response to the SEC’s five proposed rules put forward to curb short-selling, "Rebuilding investor confidence should be the primary objective of any […]
Bank of NY Unit Expands Hedge Fund Consulting Services
West Palm Beach (HedgeCo.net) – Pershing LLC has expanded their business consulting services by including a hedge fund start-up simulator tool and a new guidebook to assist hedge fund managers with the launch of new funds. Pershing is a subsidiary […]
‘Maverick’ Billionaire Tearfully Denies Any Wrongdoing to Cameras
New York (HedgeCo.Net) – R. Allen Stanford’s fate may be up in the air with a looming trial and the accusations of a major Ponzi scheme, but that didn’t stop him from opening up to ABC News cameras outside of […]
Hedge Funds Increase 1.37% In March
West Palm Beach (HedgeCo.net) – March was a challenging month for hedge funds, which entered the month with tight net exposures, according to research by hedge fund consultant Hennessee LLC. Technology and healthcare/biotech were bright spots for hedge funds, as […]
Cuomo Sues Hedge Fund Chief for Bets Placed with Madoff
New York (HedgeCo.Net) – J. Ezra Merkin, head of Gabriel Capital Corp., has been sued by New York Attorney General Andrew Cuomo, after it was discovered he had placed investor’s money into funds managed by Bernard Madoff without their knowledge […]
Hedge Funds Available In Sweden For The First Time
West Palm Beach (HedgeCo.net) – The Swedish state pension platform, PPM, is including Salus Alpha funds in their premium pension portfolio with immediate effect. The Salus Alpha funds that were chosen are UCITS III compliant, and meet the strict requirements […]
SEC Halts Canada/China Hedge Fund Fraud
West Palm Beach (HedgeCo.net) – The Securities and Exchange Commission filed a restraining order yesterday to halt an on-going multi-million dollar Ponzi scheme. The SEC says that Defendant, Toronto hedge-fund manager Weizhen Tang, orchestrated the fraud through an overseas hedge […]
