Monthly Archives: February 2006
You Can Bet on Dollar With Currency Funds
ABC News – Currency trading used to be a strategy employed by only the wealthiest investors and hedge funds, but a growing number of mutual and exchange traded funds make it possible for individualsto try it for themselves, with significantly […]
Drug Maker Biovail Files $4.6B Lawsuit
ABC News – Biovail Corp., Canada’s largest drug maker, filed a lawsuit Wednesday in New Jersey seeking $4.6 billion in damages from 22 defendants, mostly hedge funds and investment researchers. The complaint alleges that Biovail was the target of a […]
Crescent City Capital Advisors Announces Launch of New Hedge Fund
Boca Raton, FL. January 2, 2006 – Crescent City Capital Advisors, L.L.C. (CCCA) announced that they have launched the Crescent City Dedicated Short Fund, L.P., a short-biased hedge fund. Crescent City Capital Advisors L.L.C. is an alternative strategy asset management […]
Jeffries Significantly Expands Prime Brokerage Services
NEW YORK, February 22, 2006 — Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of a six-person team of industry veterans to enhance its prime brokerage unit. The group will […]
HedgeOp Compliance and Backstop Solutions Group Co-Host Seminar Series
New York, NY – February 22, 2006 – HedgeOp Compliance, LLC and Backstop Solutions Group, LLC (BSG) announced today that they will jointly host a series of seminars for hedge fund managers. The seminars will deal with the complex and […]
Norshield funds may never be found
The Globe and Mail – Investors who put money into hedge funds managed by Norshield Financial Group will likely get back a maximum of 10 cents for every dollar they invested in the insolvent company. The actual recovery could be […]
Hedge fund managers bridle under new regs
Boston Business Journal – New disclosure rules handed down by the Securities and Exchange Commission are rippling through Boston’s investment community, triggering confusion and even some animosity among local hedge fund managers who say the regulations miss the mark. SEC […]
Schroders buy adds to funds-of-hedge-funds spree
MarketWatch – On Tuesday, Schroders PLC (SDR.LN) agreed to pay $101 million for London-based NewFinance Capital, which has $2.5 billion in fund-of-hedge-fund assets under management. A further $41 million will be paid out if the unit meets certain revenue targets […]
Michael Dell-backed SkyBridge raises $330 mln fund
Reuters – SkyBridge Capital LLC, a hedge fund manager backed by Dell Inc. (DELL.O: Quote, Profile, Research) founder Michael Dell, said on Wednesday it raised $330 million for its maiden fund aimed at providing seed capital to hedge fund start-ups. […]
More to sue hedge fund
Rocky Mountain News – The former Denver Broncos players suing International Management Associates have new teammates in their legal battle against the hedge fund firm. More than 15 people across the country, likely some in Colorado, are expected to file […]
Middle East Hedge Fund Event to Examine Regional Capital Allocation Priorities
( www.HedgeCo.net ) – Geographically and financially at the crossroads of the new booming Asian economies and those of the established West, the Middle East is increasingly developing the signs of becoming a global economic force causing international executives, bureaucrats […]
Broncos sue hedge fund
Rocky Mountain News – The former Denver Broncos players liked the investment pitch, pouring millions of dollars into the Atlanta-based hedge funds. Now they say they were burned. Steve Atwater, Terrell Davis and Ray Crockett, along with other investors including […]