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.
Reuters UK – Britain’s Financial Services Authority (FSA) plans to triple some of the fines it imposes on financial sector wrongdoers as part of a crackdown on offences such as mis-selling and insider dealing.
The bigger fines are designed to deter firms and individuals from breaking market rules by making the costs of doing so prohibitively high, the FSA said in a statement on Monday.
"By hitting companies and individuals in the pocket where it hurts, the fines will be a stark warning to others on what they can expect to pay for flouting our rules," FSA director of enforcement Margaret Cole said.
New York (HedgeCo.Net) – Hedge funds may not be having their best year, but whoever said they lost their glamour obviously didn’t attend the HedgeCo Holiday Networking Event.
About 650 guests piled into Nikki Beach on Manhattan’s east side last Wednesday evening, drinking dirty martinis and partying into the early hours of the morning. For some, the event presented a sort of rare opportunity in the current times; a chance to network within the industry without the imminent reminder that nothing is guaranteed.
“For months, all you hear about is lagging numbers, layoffs and huge bailouts. Just for a night, I wanted everyone to forget all that. I think everyone was long overdue for a good time!” says Evan Rapoport, Co-Founder of HedgeCo Networks and organizer of the event.
"After a few hours of mingling, the tables that run down the middle of the place were transformed into a catwalk-type dance floor," said Cathy Eidorowicz, who also helped organize the event. "Everyone just kind of let loose and partied the night away, there was surprisingly a really good vibe in the air."
While some were there strictly to party, others used the event as a glorified job fair. With so many in the industry under one large white tent, it didn’t hurt to flash a resume while moods were merry. Especially when Wall Street job losses are expected to hit 48,000 by the end of next year
While hedge funds were once thought to manage around $3 trillion in assets, new estimates put that number closer to $1 trillion. Rapoport believes that although hedge funds have taken a hit, a stronger and more resilient industry is around the corner.
“The build-up is going to be much stronger," he said. Once we weed out the negative effects of over-leveraging, we are going to see a more stable, albeit smaller industry emerge.”
Julie Scuderi Senior Editor for HedgeCo.Net Email: julie@hedgeco.net
HedgeCo.net – HedgeCo Networks LLC today announced the launch of the next generation online analytical and reporting tool, the Hedge Fund Calculator.
Designed for hedge funds and funds of hedge funds, the calculator is available for a monthly or annual subscription service. HedgeCo says, "(the calculator) facilitates the rapid computation of quantitative statistics, net performance numbers and the creation of branded marketing materials."
Aaron Wormus, Managing Director of HedgeCo Networks said, "Through the HedgeCo.Net hedge fund database and Hedge Fund Websites platform, we have worked with thousands of funds worldwide to create statistical performance reports and compelling investor presentations."
"By combining our deep experience with cutting edge development technology, we have been able to deliver a powerful and cost-effective tool that can dramatically enhance marketing and reporting capabilities at any hedge fund firm." Wormus explained.
Key features of the Hedge Fund Calculator include:
* Online Access – Easily create, modify and distribute reports from any web-connected PC * Branded & Customized Tearsheets – Quickly update fund information, customize statistics, select data points and generate PDF reports with a simple 3-click process * Contact Manager – Efficiently manage investor and prospective investor lists, email fund marketing materials and track leads with integrated, easy-to-use contact management * Benchmark Analysis – Compare fund performance to industry standard benchmarks, HedgeCo Indices or add your own benchmarks.
New York (Hedgeco.net)- HedgeCo Networks has just launched the next chapter within their network of companies, HedgeCo Employment Solutions. As a top tier recruiting firm, HedgeCo Employment Solutions secures the finest candidates in the hedge fund and financial services industry and matches them to corresponding employers.
HedgeCo Employment Solutions is unlike other recruiters and staffing agencies in many regards. It is more than just a database of qualified candidates. It is an extended network of potential employees, found only through HedgeCo’s existing relationships that extend deep into the hedge fund community.
Through years of experience working in the financial field, HedgeCo has built and maintained relationships with individuals from all sectors within the industry. These candidates may not even consider themselves available and won’t be found on job boards or employment websites. However, they have aligned themselves with HedgeCo to present premier opportunities to them should they occur.
"Clients trust our ability to facilitate that perfect ‘fit.’ Employers come to us with the expectation of securing highly sought after candidates and employees come to us knowing that we have the tools to take their careers to the next levels," says Evan Rapoport, Managing Partner for HedgeCo Networks.
"Extensive screening and background checks are all a part of the diligence process applied to every applicant. By the time the candidate reaches the potential employer, a rigorous discovery process has already taken place along with a compatibility assessment, " states Matthew Deering, Managing Director of HedgeCo Employment Solutions.
Fields of placement include hedge funds, private equity, venture capital, investment banking, fund marketing, compliance, wealth management and human resources, to name a few. Positions include analysts, portfolio managers, traders, CFO/COO, business development leaders and numerous others that span the entire spectrum of the hedge fund industry.
New York, NY – (May 29, 2008) – HedgeCo Networks and LJH Financial Marketing Strategies announced today a partnership to provide comprehensive marketing and investor relations services to the global hedge fund industry and related financial sectors.
The new partnership offers a comprehensive financial marketing platform designed to develop and manage hedge fund brands through the use of regulatory compliant collateral. HedgeCo-LJH specializes in website design and construction, corporate identity/logo design, marketing collateral, marketing research, thought leadership, and event support. Overall, the goal is to help clients raise assets and visibility.
“The HedgeCo-LJH partnership will allow clients to leverage the services of each firm to remain competitive in the alternative investment industry,” said Evan Rapoport, managing partner of HedgeCo Networks. “Hedge fund managers and operators are able to outsource their marketing needs to better focus on their core business.”
About HedgeCo Networks
HedgeCo Networks is a premier name in the hedge fund services industry, offering a vast selection of services and tools for hedge funds. Their flagship site, HedgeCo.Net, is a portal used daily by over 25,000 investors and hedge fund managers. Drawing on the experience used in creating and managing HedgeCo.Net, the HedgeCo Websites Team has designed over 150 websites for hedge funds and private equity firms of all sizes in the United States, Europe, Asia and Australia. Their newest tool, the Hedge Fund 2.0 Calculator, is used by hedge funds by compute statistics, graphs, and marketing materials within minutes.
About LJH Financial Marketing
LJH Financial Marketing Strategies’ exclusive focus is on the global financial services industry, with specialized knowledge of hedge funds, private equity and related financial sectors. Partnerships begin with a thorough research-driven analysis of goals and objectives, including competitive reviews and a hard look at positioning. Based on this in-depth review, a variety of cost-effective marketing strategies and tactics are implemented to help drive bottom-line results. LJH has unparalleled experience and deep-seated industry relationships that help clients raise assets and market visibility.
