Monthly Archives: February 2006
AIMA Welcomes European Commission’s Expert Group Selection
LONDON, 1st February 2006 – The Alternative Investment Management Association (‘AIMA’) – the leading global hedge fund and alternative investment industry association – has greeted warmly the European Commission’s announcement of its Expert Group on Alternative Investment Funds. The Commission […]
Hedge funds vs general equity
Moneyweb – WHAT is the difference between say, a general equity unit trust and a hedge fund? In a recently released hedge fund report, Peregrine Securities notes that the average South African unit trust derives some 93% of its investment […]
Vega hedge funds post mostly small gains in December
Reuters – Vega Asset Management Partners LP, a $7.5 billion hedge fund manager, posted marginal gains for most of its seven funds in December after suffering losses during 2005, according to a Vegainvestor newsletter obtained by Reuters on Tuesday. New […]
At declaration day, hedge funds circumvent rules
Chicago Tribune – Many hedge funds, the often secretive and lightly regulated investment vehicles for wealthy individuals and big institutions, are hedging when it comes to new rules requiring themto give up some of their privacy. Starting Wednesday, hedge fund […]
Hedge fund continues to put heat on Angelica
St. Louis Post-Dispatch – Angelica Corp. said Wednesday that it so far has failed to satisfy the demands of its largest shareholder, Steel Partners II LP, which wants the Chesterfield-based companyto make governance changes or put itself up for sale. […]
American Century fund uses hedge tactics
Kansas City Star – American Century Investments on Wednesday launched the American Century Long-Short Equity Fund, created to use some of the same trading strategiesas hedge funds. The fund will be managed by Kurt Borgwardt, senior portfolio manager of American […]
Google gaga
Wall Street Journal – Mutual funds piled into Google Inc. in 2005 as Wall Street repeatedly raised the baron the Internet search giant’s earnings prospects while its stock price soared. As the stock begins to gyrate, fund managers — and […]
ABP an observer at Commission hedge fund group
IPE.com – Stichting Pensioenfonds ABP has been named as an observer at a new expert sub-group on hedge funds set up by the European Commission. The Dutch civil service scheme’s Robert Coomans is one of five observers to the group […]
Launch suggests hedge fund fees remain sky high
MarketWatch – When SAC Capital Advisors, a top-performing hedge fund run by Steven Cohen, started raising money for a new fund in December, many investors rushed to get in. That’s despite an annual management fee of 3%, a performance fee […]
Refco judge says Man can receive Cargill contract
reuters.uk – A U.S. bankruptcy judge ruled on Tuesday that an agreement for Cargill to use a unit of bankrupt Refco as its sole commodities broker could be assigned to the new ownerof the Refco unit, Man Financial. U.S. Bankruptcy […]
At declaration day, hedge funds find way around rules
Middle East North Africa Financial Network – Many hedge funds, the often secretive and lightly regulated investment vehicles for wealthy individuals and big institutions, are hedging when it comes tonew rules requiring them to give up some of their privacy. […]
Easing the Sting
Smart Money – CALL IT HEDGE FUNDS’ dirty secret: They often generate painful tax bills for investors. That mattered less back when hedge funds routinely churned out double-digit returns. But as returns have slipped in recent years, individual investors  […]