Monthly Archives: February 2007
Taking aim at hedge funds
Boston Globe – Everybody’s getting into hedge funds, including Bill Galvin. The Massachusetts secretary of state, who also happens to be the state’s top securities regulator, clearly had the hedge-fund industry in his sights at the start of this year. […]
Mom-and-pop investors say hands-off our hedge funds
Financial Times – It’s just not the kind of the thing you hear every day. Individual investors are protesting against the SEC’s proposal to raise the investment threshold for anyone who wants to invest in hedge funds in the United […]
Bad Loans Hit Housing Lenders
BusinessWeek – On a good day for homebuilder issues, shares of mortgage lenders fell on new worries about borrowers’ ability to pay. What was good news in the market for homebuilders on Jan. 17 didn’t carry through for mortgage lenders, […]
Wadhwani closes his top funds in change of focus
Times Online -Sushil Wadhwani, the high-profile former Bank of England Monetary Policy Committee member and hedge fund manager, has closed his best-known fund, it emerged yesterday. The closure came more than four years after the Keynes fund was one of […]
Hedge Funds Head for Mediocrity
Time — In 1962, a government study of mutual funds revealed that they were, on average, average, or worse. This was an affront to many on Wall Street who assumed that, of course, professional investors beat the market. It was left to […]
GFI Launches Equity Research Offering US
HedgeCo.net – New York, February 1, 2007 — GFI Group Inc. (Nasdaq: GFIG), a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities, is offeringequity research to US-based hedge funds, mutual funds and other institutional money managers. GFI’s […]
Harcourt launches Belmont Latin America Ltd.
Harcourt Investment Consulting AG has launched Belmont Latin America Ltd, a fund of hedge funds fully dedicated to a Latin American investment focus. The fund was launched in October 2006 and allows investors to benefit from exposure to Latin American […]
$200000 penalty for actor’s mother
Chicago Tribune – The mother of actor Vince Vaughn must pay a $200,000 civil penalty as part of an agreement reached with the Securities and Exchange Commission over the management of her Lake Foresthedge fund company, Directors Financial Group Ltd. […]
Germany starts softening stance on hedge funds
Turkish Daily News – European Union and G8 president Germany backed away from proposing regulation of the $1.7 trillion hedge fund industry, after opposition from some EU states and the bloc’s topfinancial regulator. German Finance Minister Peer Steinbrueck told a […]
Over 450 hedge funds closed down in 2006
Reuters – Over 450 hedge funds went out of business in 2006, capping a year during which Amaranth Advisors LLC liquidated after bad bets on natural gas cost the firm $6.6 billion, the biggest singleloss ever at a hedge fund. […]
OIC edges closer toward hedge funds
OregonLive.com -The Oregon Investment Council on Wednesday tiptoed closer to putting public pension money to work in riskier investment vehicles such as hedge funds and commodities. At the same time, the council shied away — for the time being — […]
Investors protest SEC hedge fund threshold
Chicago Tribune – Some individual investors want the Securities and Exchange Commission to know that they can take care of themselves. Accusing the watchdog agency of sins ranging from paternalism to outright discrimination against the less-than-fabulously wealthy, dozens of investors […]