Each business day HedgeCo.Net keeps you informed with the top hedge fund industry news, opinion and insight from around the globe. From the latest hedge fund launches, to the impact of regulation, competition, and investor activism - we track the topics and people that make a difference to you.
West Palm Beach (HedgeCo.net) – Hedge fund manager Eze Castle Integration has introduced a web version of its "hedge fund hotel" for small hedge funds with fewer than 10 people.
The company introduced the fully managed physical suite in November 2007 and Eze says that the new offering has many of the same options now, over the Internet, using Citrix servers and thin clients. Users pay a monthly subscription fee for this hosted platform using their own desktops and basic networking.
"We act as a cloud," says Bob Guilbert, managing director. "As we add more applications to our back end data center, we’ll enable clients to get things like CRM services, accounting services and anything else that might be necessary to run a back office operation. The benefit of this solution is they don’t have to build out an IT infrastructure, they don’t have to build out a data center. That makes it very easy for them to become operational."
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West Palm Beach (HedgeCo.net) – The Energy Hedge Fund Center, an online community focused on energy and environmental alternative investments, has launched a Directory of Commodity-focused Exchange Traded Funds that will appeal to ordinary investors. The Directory lists Exchange Traded Funds, Exchange Traded Notes and Exchange Traded Commodities in Excel format.
"Over the last several years there has also been an explosion of Exchange Traded instruments accessible by ordinary investors that are designed to provide exposure to commodities," reports Dr. Gary M. Vasey, Co-Principal of EHFC. "This directory is designed as a single source for investors interested in these vehicles."
"The financial crisis has driven more business to exchanges and ETFs. We expect more growth in this sector next year," said Peter Fusaro, Co-Principal, Energy Hedge Fund Center.
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
Times Online – The European Parliament will support calls tomorrow for Europe-wide legislation aimed at making the inner workings of hedge funds and private equity more transparent.
The proposals – championed by Poul Nyrup Rasmussen, the Socialist MEP and a former Danish Prime Minister – call for clear rules for these financial players, whose influence on the economic landscape is increasing.
MEPs want the European Commission to present, before the end of the year, legally binding minimum transparency rules on how investments are financed. These rules would also cover the qualifications of managers, possible conflicts of interest, registration of hedge funds and disclosure of ownership structures.
Peter Skinner, a Labour MEP and the party’s spokesman on financial services, said yesterday: “Current self-regulation attitudes are not enough to arrive at satisfactory conclusions, especially in the light of the current crisis. This is an important step to tackle current problems, including lack of transparency.”
EurActiv – Hedge funds and private equity could be forced to abide by minimum capital requirement rules in future if a report adopted by an influential European Parliament committee becomes EU legislation.
The Parliament’s Committee for Economic and Monetary Affairs voted on Wednesday (10 September) in favour of a resolution recommending tougher regulation on hedge funds. The decision was almost unanimous, with just one vote against and one abstention.
The report, drafted by former Danish Prime Minister Poul Nyrup Rasmussen, was negotiated until the last minute by MEPs, with over 200 amendments brought to the original. It is widely expected to be confirmed when it is brought before the Parliament’s plenary for a final vote on 23 September.
