Monthly Archives: May 2006
DOW Jones Indexes Launches Subsector Indexes
WEST PALM BEACH, FL (HEDGECO.NET) – Dow Jones Indexes, a leading global index provider, today announced the launch of 10 customized, subsector indexes selected from large- and small-cap stocks. Barclays Global Investors (BGI) has licensed the indexes to serve as […]
BNY Brokerage Firm Adds Hedge Fund Unit
WEST PALM BEACH, FL (HEDGECO.NET) – BNY Brokerage, a Bank of New York subsidiary, has formed a new unit to provide the hedge fund community with independent research tools, electronic trading and commission management services. The Bank of New York […]
Close Fund Management opens Hedge Fund to Retail Investors
WEST PALM BEACH, FL (HEDGECO.NET) – Close Fund Management is teaming up next month with BlueCrest, a well known US hedge fund manager with more than $9bn under management. This will give access tomore private investors interested in hedge fund […]
Hedge Fund Chief to Plead Guilty to Investor Fraud
WEST PALM BEACH, FL (HEDGECO.NET) – Keith G. Gilabert, the founder of an investment firm that operated a hedge fund called the GLT Venture Fund has agreed to plead guilty to federal charges that may have cost investors as much […]
Morgan Stanley to set up local hedge fund service
Australian – IN another sign of the swift evolution of the nation’s hedge fund market, Morgan Stanley is launching an Australian hedge fund services business. The business of settling hedge fund trades and providing financing to hedge funds, known as […]
Dollar hits 7-month low vs yen, seen vulnerable
Reuters – The dollar hit a seven-month low against the yen on Monday, extending a slide as the Federal Reserve appears set to soon end a two-year run of credit tightening that had widened the U.S.currency’s yield advantage. A renewed […]
Commodities hold key to economic power
Reuters – Raw material resources will determine country rankings in the world economic pecking order in years to come as strong demand and limited supplies ensure commodity prices hold their upwardtrajectory. Hedge funds say demand for the commodities that countries […]
Hedge funds try to limit risk to keep fees
MSN MoneyCentral – Hedge fund managers are increasingly refusing to make risky investments for fear of losing customers and their sky-high fees, according to GAM, the world’s biggest hedge fund firm. GAM, a fund of hedge funds specialist based in […]
The World’s wealthiest Hedge Fund managers add more to their earnings in 2004
WEST PALM BEACH, FL (www.hedgeco.net) – The wealthiest hedge fund managers in the world have grown richer in 2004, according to a new list of the richest hedge fund managers unveiled by theInstitutional Investor’s Alpha magazine. According to a new […]
CalPERS to invest in Asian Hedge Funds
WEST PALM BEACH, FL (www.hedgeco.net) – The California Public Employees Retirement System {CalPERS} is gearing up to make its first investments in Asian hedge funds. Such a move is also seen asevidence that hedge funds have been accepted as a […]
The Securities and Futures Commission to revise Hong Kong’s Hedge Fund Laws
WEST PALM BEACH, FL (www.hedgeco.net) – The Hong Kong Securities and Futures Commission (SFC) said it would review the countries hedge fund laws so as to enhance investor protection. Alexa Lam, theExecutive Director of Intermediaries and Investment Products explained that […]
The Case for Hedge Fund Investment remains intact-Analysts
WEST PALM BEACH, FL (www.hedgeco.net) – Hedge Fund industry analysts believe that the case for hedge fund investment remains intact despite the declining level of returns seen in recent marketactivities. Regardless of the heaviest redemptions seen in the sector during […]