Monthly Archives: May 2006
May 16: US Senate Panel to Hold Hedge Fund Hearing
WEST PALM BEACH, FL (HEDGECO.NET) – The chairman of a Senate Banking subcommittee Sen. Chuck Hagel, a Nebraska Republican, said on Wednesday he plans to hold a hearing May 16th on the role that lightly regulated hedge funds play in […]
SEC to Focus Audits on High Risk Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – The U.S. Securities and Exchange Commission is now targeting funds that have weak internal controls for regulatory action, said a senior SEC official to Reuters on Wednesday. Elizabeth Jacobs, deputy director of the SEC’s […]
Hedge funds work to build K St. clout
Like many growth industries that go a-courting in Congress, hedge funds have approached legislative and regulatory hurdles with lobbyists retained and pocketbooks open. As hedge funds continue to attract a broader class of investors, however, they are discovering that educating […]
Hedge fund names board nominee in Topps proxy fight –
Reuters – Hedge fund Pembridge Capital Management LLC said on Wednesday it has notified Bazooka bubble gum maker Topps Co. Inc. that it has replaced Eric Newman as one of its nominees forelection to the Topps board of directors with […]
Morgan Stanley Names Hedge Fund Chief
Street.Com – Morgan Stanley continues to build its alternative-investments group, tapping an executive from another key division to spearhead the firm’s push into hedge fundsand other areas of advanced portfolio management. On Wednesday, Morgan Stanley named Stu Bohart, the former […]
Green Drake Capital Launches Investment Banking Division – Aspenwood Capital
WEST PALM BEACH, FL (HEDGECO.NET) – Green Drake Capital Corp., an NASD registered broker-dealer located in New York City, today announced the formation of Aspenwood Capital, an investment banking division based in Golden, Colo. that will raise capital for small-cap […]
BIBA Product Development Committee Launches New Product
WEST PALM BEACH, FL (HEDGECO.NET) – The Bermuda International Business Association (BIBA) today announced that it had brought to market a new product whereby funds can be BMA approved and listed onthe Bermuda Stock Exchange in as short a time […]
Jerome Berset Joins CMS S.A as Senior Hedge Fund Analyst
WEST PALM BEACH, FL (HEDGECO.NET) – Capital Management Advisors Group, which currently manages $1.6 Billion in institutional and private client assets, has hired Jerome Berset as Senior Hedge Fund Analyst and Director of CTA and Macro research. In 2006, CMA […]
Dalton Investments to Liquidate Two Distressed Debt Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – Investment management firm, Dalton Investments, which manages about $1.3 billion, will send back roughly $300 million to people who invested in its 7-year old Dalton Global Opportunity Fund and its 2-year old Dalton Distressed […]
Pirate Capital Hedge Fund Boosts Stake in Intrawest
WEST PALM BEACH, FL (HEDGECO.NET) – Pirate Capital LLC, a U.S. hedge fund, has increased its stake in Canada’s Intrawest Corp. by acquiring another 325,650 Intrawest shares. The fund now owns 7.1 million shares of the Canadian ski resort owner’s […]
Baring hikes hedge fund exposure
Reuters.uk – BlueCrest Capital Management, one of Europe’s biggest hedge funds, said on Tuesday it plans a fund listing which will make its investment strategies available to UK institutions andwealthy individuals. Analysts say the listing could appeal to investors such […]
Hedge fund raises stakes in infoUSA proxy fight
Reuters – Hedge fund Dolphin LP on Tuesday raised the stakes in a fierce proxy fight for control of infoUSA by releasing a letter it says will show shareholders that the database firm’s foundershould be voted off the board. Dolphin […]