Monthly Archives: May 2006
Missing hedge fund manager arrested in Miami
Bradenton Herald – A hedge fund manager who has been missing for three months since he was accused of defrauding hundreds of investors, including several famous athletes, was arrested at a MiamiBeach hotel Wednesday, FBI officials said. Kirk Wright, of […]
Lehman Poaches Bush Cousin for Hedge Funds
New York Post – After months of courtship, Lehman Brothers landed George H. Walker IV – a gilded Goldman Sachs partner and President Bush’s second cousin – as head of its huge asset managementbusiness. That division, which has almost $200 […]
Hedge fund Richmond Group gained 8.3 pct in April
Reuters – Richmond Group Fund Ltd., a $150 million hedge fund group specializing in currency trading, on Wednesday said its Global Currency Program fund returned 8.31 percent for April due to U.S.dollar declines against other currencies. The Manakin-Sabot, Virginia-based investment […]
Pension funds not big hedge fund investors-report
Reuters – Pension funds invest only a small fraction of their assets in hedge funds even as these lightly regulated portfolios pull in billions of dollars in new assets every month, a study releasedon Wednesday showed. Hedge funds made headlines […]
Fund Buys 13% Stake in Movie Gallery
Seeking Alpha – New 10% Owner/Continued Institutional Buying for Movie Gallery (MOVI): A hedgefund that concentrates on special situation investing in financially troubled and distressed clients has increased its stake in Movie Gallery (MOVI), buying the stock on the same […]
Bundesbank’s Meister calls for code of conduct for hedge funds
Forbes – Bundesbank board member Edgar Meister said hedge funds should open up their books for public grading by rating agencies and introduce a code of conduct so as to makethe industry more transparent. In an interview with the Financial […]
Fed: Hedge Funds Get Too Much Credit
CFO.com – Banks should impose stricter lending standards on hedge funds, the president of the Federal Reserve Bank of New York said Tuesday. That is the strongest suggestion yet that bank regulatorsremain concerned about often incestuous relationships that allow banks […]
Hedge Fund Increase Stake in The Mills Corp
WEST PALM BEACH, FL (HEDGECO.NET) – San Francisco-based hedge fund, Farallon Partners increased it’s stake in The Mills Corp to a total of 3.68 million shares, or 6.5 percent. Farallon’s increase in shares and voting power follows Mills’ filing last […]
Market Discipline Better Than Tighter Regulations for Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – Ben Bernanke, US Federal Reserve chairman, said allowing hedge funds and trading partners to manage risk and impose discipline in the sector made “economic senseâ€Â, expressing scepticism about proposals to give regulators more oversight. […]
AIMA Launches Cayman Islands Chapter
WEST PALM BEACH, FL (HEDGECO.NET) – The Alternative Investment Management Association (AIMA) – the global hedge fund and alternative investment industry association – has today announced the launch of its Cayman Islands Chapter. The new Chapter is unique in the […]
Two US Senate Republicans question SEC hedge fund rule
Reuters – Two Senate Republicans on Tuesday questioned whether the U.S. Securities and Exchange Commission had the authority to adopt a rule requiring hedge fund advisers to register with theinvestor protection agency. Republican Mike Crapo of Idaho said at a […]
Three indicted in hedge fund case
Bizjournals.com – Three Colorado Springs men have been arrested in connection with an alleged hedge fund scheme that defrauded about 350 people out of a total of approximately $7.5 million, Colorado’s Attorney General John Suthers and Securities Commissioner Fred Joseph […]