Monthly Archives: May 2005
Former Hedge Fund Manager, Hillary Shane barred from associating with NASD
WEST PALM BEACH, FL (www.hedgeco.net) – Hillary Shane, a hedge fund manager formerly registered with First New York Securities, L.L.C. (FNY), has been barred from associating with the NASD. Shane isalso to pay $1.4 million to settle the charges of […]
Citigroup and Pacific Asset Management to offer hedge funds
WEST PALM BEACH, FL (www.hedgeco.net) – Citigroup Inc. and Pacific Asset Management have announced plans for a joint venture to offer hedge funds. The new joint venture will offer hedge fundmanagement portfolio services to wealthy individuals as well as institutional […]
President of Bear Stearns sees no Hedge Fund crisis
WEST PALM BEACH, FL (www.hedgeco.net) – Bear Stearns president, Warren Spector says the rumors of hedge fund crisis are simply exaggerated. Spector said, �We have done a lot of double checking andtriple checking to make sure that none of our […]
Chicago Stock Exchange to woo hedge funds by introducing Electronic Trading System
WEST PALM BEACH, FL (www.hedgeco.net) – The administrators of the Chicago stock exchange recently announced plans to introduce a new electronic trading system in an effort to attract the business ofhedge funds. The new system has not been named according […]
Deutsche Bank Plans to launch Islamic Tracker Fund
WEST PALM BEACH, FL (www.hedgeco.net) – Deutsche Bank AG, Europe’s third- largest lender, has announced plans to offer Islamic investors an opportunity to invest in funds using strategies similar tohedge funds. Such funds however, will comply with the Koran�s specifications […]
Highbridge Capital Hedge Fund says it has little exposure to Structured Credit Markets
WEST PALM BEACH, FL (www.hedgeco.net) – Highbridge Capital management has told its investors that it did not suffer big losses in the structured capital markets as rumored recently. According to thereleased information, the firm�s flagship product, Highbridge Capital Corp was […]
Hedge fund Symposium to focus energy in discovering new niche trading strategies
WEST PALM BEACH, FL (www.hedgeco.net) – Organizers of the 2005 Blue Ribbon Hedge Fund Symposium scheduled in New York from July 12 – 14th continues to devote efforts towards discovering new nichehedge fund trading strategies, as assets for the global […]
Gartmore Hedge Funds reach new milestone-Assets reaches $6.3 billion
WEST PALM BEACH, FL (www.hedgeco.net) – Gartmore management said it has just celebrated its 6th year anniversary of the founding of its hedge fund vehicles as assets continue to grow from one year toanother. According to Gartmore, its hedge fund […]
Citadel Hedge Fund may go Public
WEST PALM BEACH, FL (www.hedgeco.net) – The founder of Citadel Hedge Funds, Kenneth Griffin is said to be considering taking his $12 billion hedge fund into a different direction, as the search forreturns continues to pose a challenge to hedge […]
SEC Chairman warns about Pressures on Hedge Fund Managers to Justify High Fees
WEST PALM BEACH, FL (www.hedgeco.net) – The Chairman of the Securities and Exchange Commission, William Donaldson has warned that pressures on hedge fund managers to justify the high hedge fund feesby achieving higher returns could lead to problems in the […]
Germany should look for new ways to regulate hedge funds-Stock Exchange Boss says
WEST PALM BEACH, FL (www.hedgeco.net) – Rolf Breuer, the outgoing chairman of the Frankfurt stock exchange said yesterday that Germany should find ways to regulate the Hedge fund industry. Accordingto him, Germany should look for new laws to help it […]
Dollar Slips against the Euro, Yen as market speculates on Hedge fund losses.
WEST PALM BEACH, FL (www.hedgeco.net) – The U.S.dollar has lost grounds in recent trading against major world currencies such as the Yen and Euro. The dollar trouble may have been started by rumorsabout hedge fund troubles. But analysts believe that […]