Monthly Archives: February 2007
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 […]
SEC probes ‘hatchet job’ claims
MSNBC – The Securities and Exchange Commission is investigating allegations by two companies that an independent research firm conspired with hedge funds to drive down their stock prices. The chief US regulator has launched an informal probe into claims by […]
France probes British hedge fund
MarketWatch – French regulators are investigating trades in a portfolio managed by a founding partner at hedge-fund company GLG Partners LP, according to a media report Tuesday. The investigation is as part of a broader probe into whether several large […]
Hedge-fund pros follow different notes
Newark Star Ledger – When he isn’t dealing with distressed assets, Timothy Wheeler rocks. A bankruptcy lawyer with Lowenstein Sandler in Roseland, Wheeler is the lead singer for the Subscribers, a rock group comprised mostly of professionals in the hedge-fund […]
TechTeam to fight hedge fund
Investors Business Daily – TechTeam Global Inc. said Monday it would fight a hedge fund’s attempt to replace its board of directors, saying the move isn’t in the long-term interests of shareholders. Costa Brava Partnership III LP moved last week […]
Hedge funds for all?
San Bernardino County Sun – 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 itpossible for individuals to try it for themselves, […]
BNP Paribas in recruitment drive
MSNBC – BNP Paribas plans to increase the number of staff in its equity derivatives business in the UK by at least 20 per cent this year to tap growing demand from hedge funds and private banking clients. The bank […]