Monthly Archives: February 2007
AIM-TO announces interface w/ Australian Investment Bank
HedgeCo.net — New York, NY (January 17, 2007) AIM-TO announce a successful launch of a new version of their post-trade, operation reporting and risk management platform VerusHedge. The new version of the software has a specialized interface with Australia’s leading […]
Austock launches into hedge fund sales
Financial Standard – Austock Securities has snapped up two directors from Citigroup’s hedge fund sales business to start their own hedge fund sales team. Nicki Ashton and Michael Cori both worked as directors in hedge funds sales at Citigroup prior […]
Rand weaker on hedge fund sell-off
Reuters South Africa – South Africa’s rand eased against the dollar on Monday, tracking a general weakness among commodity currencies triggered by a sell-off by hedge funds and may trend weakerduring the session, dealers said. The rand was softer at […]
German Finance Minister Takes A Closer Look at Hedge Funds
HedgeCo.Net (New York) – German Finance Minister Peer Steinbrueck will push for more oversight of hedge funds at this week’s G7 meeting in Essen, Germany. In particular,Steinbrueck wants banks to disclose to regulators how much money they lend to the […]
Ex Morgan Stanley Employee Pleads Guilty In Hedge Fund Conspiracy
HedgeCo.Net (New York) – Ira S. Chilowitz, former employee of the brokerage firm Morgan Stanley & Co has pleaded guilty to four counts relating to the theft of information regarding hedge funds, conspiracy, transportation of stolen property, theft of trade […]
Former Head of Hedge Fund Faces 20 Years For Fraud
HedgeCo.Net (New York) – John H. Whittier, the former head of Idaho hedge-fund company Wood River Capital Management LLC has been indicted on criminal charges that heengaged in a securities fraud scheme that allegedly cost investors $88 million. The SEC […]
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 […]