Monthly Archives: February 2007
Permira says hedge funds are serious rivals on bids
FRANKFURT – European private equity group Permira said at the weekend that the growing influence of hedge funds could spoil acquisitions planned by private equity firms in Germany. “Legal protection for minority shareholders de facto works to the advantage of […]
Hedge fund queries governance at Gartmore trust
LONDON (Reuters) – Carrousel Capital, an activist hedge fund trying to shake up Gartmore European, a trust run by star manager Roger Guy, said it is concerned about “apparent conflicts of interest” on the trust’s board. Carrousel, which owns 28.03 […]
Rail pension scheme shifts £540m into hedge funds
Railpen, the giant pension scheme that looks after the retirement savings of 380,000 railway workers, will move at least £540 million into hedge funds this year. In his first interview as chairman of the National Association of Pension Funds (NAPF), […]
Hedge Fund Manager Charged With Fraud
HedgeCo.Net (New York) – A Washington hedge fund manager has been charged with defrauding Maryland investors of $9 million by soliciting moneyfor his hedge funds, LaJon Corp, LaJon Capital Management, LaJon Capital Advisors and LaJon Capital Fund. Attorney General Douglas […]
MFA Applauds PWG and Supports Principles and Guidelines
HedgeCo.net – WASHINGTON, D.C., February 22, 2007 — Managed Funds Association (MFA) said today it applauds the announcement by Treasury Secretary Paulson, chairman of the President’s Working Group (PWG), and supports the PWG’s unanimous agreement on setting forth a common […]
SEC derided for limiting investors in hedge funds
Baltimore Sun – A Securities and Exchange Commission proposal to sharply limit the number of Americans who can invest in hedge funds has triggered a public backlash – and the latest controversy over the booming private investment pools. The agency […]
Hedge Funds Jump Into Private Equity
BusinessWeek – Hedge fund magnate Steven A. Cohen is running with a new crowd on Wall Street. After hiring a seasoned private equity dealmaker in December, Cohen’s $12 billion SAC Capital Partners teamed up with buyout king Kohlberg Kravis Roberts […]
McCreevy defends decision not to regulate hedge funds
EurActiv.com – Internal Market Commissioner Charlie McCreevy will not impose specific regulation, despite recent calls by politicians to tighten rules. G7 finance ministers called for vigilance on 10 Feburary 2007 and pointed out the potential risks posed by the fast-growing hedge-fund industry to the stability of […]
Hedge-Fund Critics Suggest Sending in the Clones
Bloomberg – Feb. 22 (Bloomberg) — Five minutes ago, advisers barnacled to the investment industry were championing hedge funds as balm for the swollen deficits afflicting pension funds. Now, the purveyors of contradictory counsel have decided hedge-fund investments are more […]
Senator Obama Backs Hedge Fund Legislaton
HedgeCo.Net (New York) – Senator Barack Obama has backed legislation that would require hedge funds to require their offshore clients toestablish anti-money laundering programs in the same way as other US financial institutions, under regulations to be issued by the […]
Fund of Hedge Funds Launches Trust
HedgeCo.Net (New York) – Fund of hedge funds manager, Gottex Fund Management, announced that they intend to launch a publicly listedclosed-ended investment company, Gottex Market Neutral Trust, which will be listed on London’s main market. All proceeds from a placing and […]
Activist Hedge Fund Wants Dutch Bank To Sell Assets
HedgeCo.Net (New York) – The Children’s Investment Fund Management, a $3.8 billion hedge fund launched in 2003, announced in a letter to Dutchbank ABN AMRO that they believe the bank is undervalued and should sell some of its assets, merge […]