Monthly Archives: February 2004
UNDATED 34. Charles Ergen, Colorado, 51, $9.1, EchoStar
170. Aloysio de Andrade Faria, Brazil, 83, $2.9, banking 342. Richard Farmer, Ohio, 69, $1.7, Cintas 437. Leonid Fedun, Russia, 47, $1.3, oil 128. Michele Ferrero, Italy, 77, $3.7, chocolates 472. Frederick Field, California, 51, $1.2, media 247. David Filo, […]
Japan uses 3.34 tril. yen in Feb. for market interventions+
TOKYO, Feb. 27 (Kyodo) — Japan used 3.34 trillion yen in February to intervene in the currency market to keep the yen from rising against the U.S. dollar, the Finance Ministry said Friday. This brought the total amount of funds […]
Clinton Group May Close its Trinity Hedge Fund
WEST PALM BEACH, FL (HEDGECO.NET) – Clinton Group is currently in talks with the remaining investors in its troubled hedge fund, the Trinity hedge fund. Such talks are centered on the issue ofwhether the fund should still remain open or […]
AGF Asset Management to Utilize Riskdata Software for its Fund of Hedge Funds Risk Management
WEST PALM BEACH, FL (HEDGECO.NET) – AGF asset Management Company has selected the risk management software developed by Riskdata for the risk reduction management of its Fund of funds operations. Thenew FOFIX platform is fully dedicated to Fund of funds […]
Investigator Urges Firms to Be Open
Top officials from the Securities and Exchange Commission and the New York attorney general’s office told mutual fund representatives Thursday that fund companies that step forward and acknowledgeviolations of securities laws will fare better than those that do not. At […]
In Brief
TRADER TALK HEDGE fund giant Man Group has caught the eye of Lazard’s Tony Willis, who added to his holding after it announced plans to go into bond broking in competition with the banks. Willis’s Lazard UK Alpha fund bought […]
The fundmanager in a stock-picking class of his own
HE might not be sure how many, if any, A levels he took but British-born Anthony Rawlinson has a good enough stock-picking brain for his $500 million (Pounds 265 million) global value equities fundto be top of the performance tables. […]
Socially Responsible Hedge Fund to Donate Part of Profits to Charity
WEST PALM BEACH, FL (HEDGECO.NET) – StarFish hedge fund, managed by King StarFish Capital Mgt. LLC, is a socially responsible hedge fund, and is owned by minority and women interest according to thepress release from the asset management firm. The […]
Former Bear Stearns High Profile Analyst to Launch a New Hedge Fund
WEST PALM BEACH, FL (HEDGECO.NET) – Jason Ader, a former high-profile analyst at Bear Stearns is launching his own hedge fund according to Reuter News Service. Mr. Ader founded the New York-basedHayground Cove Asset Management in March 2003, and is […]
Fidelity Says it Has No Plans for Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – Fidelity Investments has no plans to enter the hedge fund retail marketing business, such disclosure was made by Robert Reynolds, the vice chairman and investmentofficer for Fidelity. According to Mr. Reynolds, running mutual funds […]
Endowment Fund hit US$ 2.17 Billion, Manager Credits Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – The endowment fund of Vanderbilt has experienced declines for the past several years, part of the problem was in the fund�s investment philosophy, but somethingchanged, as the investment managers of the fund decided to […]
Hedge Funds can now trade P-Notes SEBI Says
WEST PALM BEACH, FL (HEDGECO.NET) – The Securities and Exchange Board if India [SEBI] has clarified its former decision with respect to Hedge funds trading in Participatory Notes. The Indianregulator now says that all international hedge funds can now trade […]