Monthly Archives: February 2007
F&C To Launch Global Hedge Fund
HedgeCo.Net (New York) – F&C Asset Management announced on Monday that they are launching a global diversified fixed income hedge fund, called the F&C Tourmaline fund. The hedge fund is to be run by a team of three, Sanjay Joshi, […]
Hedge Fund Head Ordered to Pay Back $20 Million
HedgeCo.Net (New York) – The SEC released the details of the fines U.S. District Court Judge Charles Pannell ordered against hedge fund manager Kirk Wright yesterday.Pannell ordered nearly $20 million in fines and penalties for defrauding investors through his hedge […]
Comments Oppose New Hedge Fund Investor Standards
BankNET 360 –More than 200 comments have been filed with the Securities and Exchange Commission over the proposed rule to raise the accredited-investor standard. Many of the commenters are opposed to raising the standard, which would require hedge fund investors […]
Public hedge fund firm seeks longevity
Los Angeles Times – When Goldman Sachs Group Inc. went public in May 1999, some on Wall Street figured it was a signal to bail out of brokerage stocks. If Goldman was letting the public into its business after 130 […]
Private funds eyed for WTC site
NEW YORK (CNNMoney.com) — The government agency that owns the World Trade Center site is trying to attract private equity or hedge funds into investing in the $3 billion replacement Freedom Tower, according to a published report. The Wall Street […]
Britain Is Encouraged by Germany to Push for Hedge Fund Transparency
HedgeCo.Net (New York) – Germany has had a voluntary code of conduct for hedge fund regulation but is now preparing for greater scrutiny with its V7 government approach andis encouraging Britain to do the same. So far Britain’s light-touch approach […]
Growth in Hedge Fund Consultancy Firm
HedgeCo.Net (New York) – Hedge fund consultant InvestTech Systems Consulting announced that it has recently hired three new consultants to its team of experts. Sal Auditore and Glenn Babakian have joined as Senior Consultants, and Chad Fetters has signed on […]
German minister appeals to hedge fund managers
Jurnalo – German Finance Minister Peer Steinbrueck urged hedge fund managers to show greater awareness of the political consequences of their dealings as the world’s richest nations met to discuss the issue at a conference in Germany. “If a […]
Former Hedge Fund Executive Enters Plea
New York Times – The former head of Idaho hedge-fund company, Wood River Capital Management, pleaded not guilty yesterday to securities fraud and other charges after investors lost at least $88million when two of its funds collapsed in 2005. John […]
Hedge Funds Begin to Show Up on Regulators
Washington Post – For years, hedge funds barely registered on the Washington agenda, and that was just the way they liked it. These investment pools designed for wealthy individuals flourished in the shadows: They collected more than $1 trillion; seized […]
Hedge Fund Makes Over $83 Million off YouTube Sale
HedgeCo.Net (New York) – The numbers are in, Google revealed in a filing with the Securities and Exchange Commission just how much the hedge fund investors, founders and early employees of YouTube made when it was bought by Google for […]
Hedge Funds Require Cewe Color CEO’s Resignation
HedgeCo.Net (New York) – Two US hedge funds, K Capital and M2 have recently revealed that they own more than 16% of Europe’s largest film processing company Cewe Color. Inan unexpected move the hedge funds are asking for the resignation […]