Baltimore Sun – If there is anything we have learned from the crisis in the financial sector, it’s the urgent need for more regulation. Had federal regulators been more vigilant or wielded greater powers, all this suffering and heartache might have been averted. That’s the story we’ve been told, and it must bring a rare smile to the face of Bernard Madoff.

Mr. Madoff was the manager of a Wall Street investment fund that he allegedly confessed to his sons was "one big lie" and "a giant Ponzi scheme." But "giant" fails to capture the scale of his fraud, which may have lost $50 billion, more than the entire gross domestic product of most of the countries on Earth.

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New York Daily News – A hedge-fund hottie who sued Vibe and Diddy after the mag published a topless picture of her at the music mogul’s Hamptons blowout has had her case tossed out.

Maria Dominguez, a money manager for a hedge fund, filed the $3 million invasion-of-privacy suit when a shot of her with two other bare-breasted sirens ran in the November 2006 issue of Vibe next to the caption, "Mermaids gone wild."

"When that picture came out, she wasn’t too happy about it, that’s for sure," said her lawyer, Albert Maimon. He would not identify the hedge fund for which Dominguez works.

Justice Doris Ling-Cohan threw out the suit, saying Dominguez couldn’t expect privacy once she doffed her top at Sean (Diddy) Combs’ star-studded 2003 East Hampton White Party.

"Sean Combs and his renowned annual White Party are subjects of tremendous public interest, attracting the steady attention of the public and many news organizations," Ling-Cohan wrote.

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Tags: financial-sector, indefinite-period, materials-companies, proceedings

West Palm Beach (HedgeCo.Net)- Hedge funds have grown from as few as 300 funds in 1990 to more than 10,000 today. However, there has been a recent drop in new fund launches due to the recent credit crunch, closures and bankruptcy have dislodged talented managers who are now looking to start up investment pools of thier own.

Hedge fund hotels are playing an important role in the process of new hedge fund formation, giving talented yet little known managers a place to start from, while both minimizing costs and distractions to the investment process.

Companies such as HedgeCo LLC, a NY-West Palm Beach hedge fund service provider, has opened a hedge fund hotel in midtown Manhattan offering tenants a ‘plug and play’ solution, and features such as windowed offices, private workstations and team rooms.

"No other firm offers office space with as many benefits." Evan Rapoport, Co-Founder of HedgeCo, said, "We are pleased to be in the position to offer these servicies at this important time of growth in the hedge fund industry."

Following in the trend, KnowledgeSuites has opened a hedge fund hotel in Toronto and Eurekahedge in Singapore, there have also been stories of hedge fund hotels springing up in the Hamptons, as well as more in the Cayman Islands.

Hedge fund hotels typicaly come pre-furnished, with receptionist, conference room with plasma, copy machines, kitchen, bloomberg terminal, access to capital introduction events, conference passes and discounts on various hedge fund services, as is the case with HedgeCo’s Manhattan opening.

"Hedge fund hotels simply add incremental liquidity and opportunity into the investment landscape." Roger Ehrenberg of Information arbritage says, "If a manager can’t cut it, they fail and go home. If they do make it, however, riches are bestowed upon them…especially if the firm has the ability to seed top prospects and reserve future capacity."

Alex Akesson
Editor for HedgeCo.Net
Email: alex@hedgeco.net

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