Monthly Archives: August 2006
Fidelity and Sunguard Launch Integrated Service
BOSTON and WAYNE, Pa, August 1, 2006 – Fidelity Investments and SunGard (www.sungard.com) today announced an exclusive agreement to integrate the brokerage services of Fidelity’s Registered Investment Advisor Group with the transaction processing capabilities of the SunGard Transaction Network (STN). […]
Man Group plc offers Class I units
August 1, 2006 – London – Man Group plc, a leading global provider of alternative investment products and solutions as well as one of the world’s largest futures brokers, today announces thatMan-Glenwood Lexington TEI, LLC, its Securities and Exchange Commission […]
AIMA Highlights the new Regulatory Capital Changes
London 1st August, AIMA, the global trade organisation for hedge funds today highlighted the implementation of the Capital Requirements Directive (CRD), introduced by the European Union. The new Directive, based in part on the existing regulatory capital directive, applies to […]
Three facing SEC claims of market timing
Denver Post – The U.S. Securities and Exchange Commission on Monday accused three former Janus Capital Group executives of allowing market-timing transactions, or prohibited rapid trades in and outof mutual funds. The SEC alleges that Warren Lammert, former manager of […]
UK funds under management grow to a record 3.5 trln stg in 2005
Forbes – Assets under management in the UK fund management industry grew by 7 pct to a record 3.5 trln stg in 2005 on the back of strong growth in hedge funds and property funds as well as private client […]
A growing necessity for hedge fund valuation
WEST PALM BEACH, FL (HEDGECO.NET) – Valuation is fast becoming a critical issue, one few hedge fund managers can afford to ignore. in a recent speech, SEC commissioner Roel Campos said, “to avoid dilution and unfairness, valuation numbers must be […]
Massey Settles Hedge Fund Dispute
WEST PALM BEACH, FL (HEDGECO.NET) – Massey Energy, of Charleston, W.Va., one of the US’s largest coal miners, said it had reached an agreement with New York-based hedge fund Third Point, holder of approximately 5.9% of Massey Energy stock. Massey […]
Activist Hedge Fund Urges Sale
WEST PALM BEACH, FL (HEDGECO.NET) – Hedge Fund and shareholder Sandell Asset Management, with Houston Exploration Corp., urged the energy company to auction itself off, saying in a letter that it was“encouraged†by its previous decision to engage Lehman Brothers […]
Arizona authorities seize $101 million in Hedge Fund Probe
West Palm Beach, FL ( www.hedgeco.net ) – Arizona authorities have seized about $101 million from an account which may be associated to the Bayou Management LLC, the Connecticut based hedge fund manager currently being investigated by regulators. According to […]
Connecticut officials to consider Hedge Fund Reforms
West Palm Beach, FL ( www.hedgeco.net ) – Officials in the state of Connecticut are discussing the formation of a task force to examine the possibility of reforming the state’s hedge fund laws. Such action is a response to the […]
Suicide note surfaces in Bayou Hedge Fund probe
West Palm Beach, FL ( www.hedgeco.net ) – The ongoing investigation of the Bayou Hedge Fund Group is revealing details about the problems of the fund. Eric Wilder, assistant Director of the Department of Banking’s Securities Division, confirmed to Associated […]
Mutual Fund Director criticizes Hedge Funds
West Palm Beach, FL ( www.hedgeco.net ) – According to Bloomberg news reports, Tom Muldowney, the managing director at Savant Capital Management in Rockford, Ill. has criticized hedge funds for their high costs. Muldowney suggested that investors could avoid high […]