Monthly Archives: February 2005
Who will take the helm as the SEC’s next fund-industry regulator?
WEST PALM BEACH, FL (www.hedgeco.net) – You no doubt heard that Paul Roye has announced his resignation as the Director of Investment Management at the SEC. This necessarily begs the question of who will succeed him. The rumor mill is […]
SG CIB to acquire Bank of America’s Hedge Fund Business
WEST PALM BEACH, FL (www.hedgeco.net) – SG Corporate & Investment Banking said it is acquiring the Bank of America’s Hedge Fund-Linked Structured Investments Business. The company said �It hassigned a purchase agreement with Bank of America Corporation and certain affiliates […]
Goldman Sachs Investment Unit to launch new closed-end Fund of Funds
WEST PALM BEACH, FL (www.hedgeco.net) – Goldman Sachs Hedge Fund Strategies LLC, an advisory investment subsidiary of Goldman Sachs said it is preparing to launch new closed-end fund of funds.According to the report, the new fund will enable investors to […]
Canadian Arbitrator orders CIBC to pay back $3.6 million to US Hedge Fund Investors
WEST PALM BEACH, FL (www.hedgeco.net) – A Canadian arbitrator has asked CIBC to pay back the sum of $3.6 million to 11 US hedge fund investors, according to Wall Street report. A spokesman for CIBCrefused to comment on the report. […]
Surge in Asian Hedge fund interest creates boom for Cayman Islands
WEST PALM BEACH, FL (www.hedgeco.net) – The Cayman Islands hedge fund industry attracted significant number of hedge funds in 2004. According to the report over 1,100 new hedge funds were created inthe Cayman Islands in 2004, such growth represents over […]
Next Phase of the New Hedge Fund laws starts in March
WEST PALM BEACH, FL (www.hedgeco.net) – US based hedge fund managers continues to nervously await the full implementation of the new SEC laws early next year. But the next phase of the new regulationwill begin in March 2005, when hedge […]
High Fees may dampen investor’s appetite for Hedge Funds new Tremont report suggest
WEST PALM BEACH, FL (www.hedgeco.net) – Analysts and hedge fund industry participants fear that the growth of new assets for the hedge fund industry may slow down in 2005. Such slowdown may resultfrom high hedge fund fees, which may force […]
SEC Director not worried about Hedge Fund loophole
WEST PALM BEACH, FL (www.hedgeco.net) – Paul Roye, director of the SEC’s Division of Investment Management said he is not concerned about the much talked about loophole in the new SEC hedge fundlaws. Under the new passed laws, funds with […]
Lackluster Equity returns drive pension funds to Hedge Funds
WEST PALM BEACH, FL (www.hedgeco.net) – Lackluster equity performance continues to drive pension funds towards alternative investments, according to a new study conducted by JPMorgan Fleming AssetManagement. The new study polled 111 pension fund managers and about 58 percent of […]
Nexa Technologies unveils its new trading Software for hedge fund managers
WEST PALM BEACH, FL (www.hedgeco.net) – Nexa Technologies has unveiled its latest trading software for hedge fund managers, according to the release. The new Spinnaker trading package is acomprehensive execution gateway that integrates low-latency live and historical market data, offering […]
SEC freezes assets of the Principals of Chicago based Hedge Fund
WEST PALM BEACH, FL (www.hedgeco.net) – The Principals of the Chicago-based money-management firm Northshore Asset Management were named in an SEC emergency enforcement action for misappropriatingabout $37 million from two hedge fund portfolios, which they acquired in 2004. According to […]
Hedge Fund bubble soon to burst?
Sure not – Hedge Funds are a long-term growth story and institutional assets continue to flow into Hedge Funds and especially Funds of Funds. It is estimated that Funds of Funds account for about 40to 50% of the Hedge Fund […]