Monthly Archives: August 2004
St. Louis Law firm offers an alternative plan on Hedge fund regulation proposal
ST. LOUIS, MO (HEDGECO.NET) – A St. Louis based law firm, affiliated with hedge fund management firms has written a letter to the US Securities and exchange Commission, offering the agencyalternatives to its current hedge fund regulation proposals. In a […]
Van Global Hedge Fund Index post losses for July
WEST PALM BEACH, FL (HEDGECO.NET) – Hedge funds continue with their losing streak into July, according to new results posted by Van Global Hedge Fund Advisors. The average hedge fund being tracked bythe index lost 0.9% for the month of […]
Teachers Retirement System of Texas to invest in hedge funds
Texas, USA (HEDGECO.NET) – Difficult times face the Texas Teachers retirement System [TRS]. According to published reports, the pension scheme does not have enough funds to pay promised benefits toits 610,000 active members unless it raises at least US$3.2 billion […]
Apollo Advisors launches new Real Estate hedge fund
WEST PALM BEACH, FL (HEDGECO.NET) – Apollo Real Estate Advisors, one of the country’s largest real estate opportunity funds, has unveiled a new hedge fund according to Reuters wire reports. Accordingto the report, the Real Estate firm raised the sum […]
Bank of New York to unveil new hedge fund record keeping platform
New York, NY (HEDGECO.NET) – The Bank of New York is gearing up to introduce its new hedge fund record keeping platform. According to the bank, the new platform will accommodate both the partnershipfunctions as well as those of the […]
UBS to launch new fund of funds hedge fund
WEST PALM BEACH, FL (HEDGECO.NET) – UBS Financial Services said that it would launch a new �fund of funds� vehicle, according to a regulatory filing. The asset manager said the new product wouldinvest mostly in hedge funds. UBS is targeting […]
Hedge funds may short Google IPO
WEST PALM BEACH, FL (HEDGECO.NET) – Google has made many enemies in the process of making its IPO available for stock market participants. In the past few weeks, the company has attracted substantialnegative publicity that has also translated to anger […]
Hedge Fund Manager Loses 50% of Assets in July
NEW YORK, NY (HEDGECO.NET) – The New York based asset manager, Andor Capital Management LLC, the eighth-biggest hedge fund manager in 2003, lost almost half its assets in July according to publishedreports. The problem started when the firm�s technology portfolio […]
Trident Pacific to launch Japanese mid-cap hedge fund
SINGAPORE, (HEDGECO.NET) – Trident Pacific, a Singapore-based hedge fund manager says it will be launching a new Japanese mid-cap equity hedge fund. According to the released information, the newhedge fund will focus on Japanese equities; outside the top 150 market […]
HBV to start marketing hedge funds in Germany by year’s end
GERMANY, (HEDGECO.NET) – HVB Group, the second-biggest bank in Germany, has announced that it will begin marketing hedge funds in Germany by the end of 2004. These plans will enable HBV to competewith other rivals for the German hedge fund […]
Former Hedge fund executive pleads guilty to fraud
WEST PALM BEACH, FL (HEDGECO.NET) – Edward Strafaci, a former executive vice president and trader at Lipper Holdings LLC has pleaded guilty to fraud charges, brought against him by the Securities andExchange Commission. Strafaci admitted that between 1996 and 2002, […]
MFA Letter to SEC Requests Extension of Comment Period on Proposed Hedge Fund Rule
August 13, 2004 Jonathan G. Katz Secretary Securities and Exchange Commission 450 5th Street, N.W. Washington, D.C. 20549-0609 RE: Release No. IA-2266 (File No. S7-30-04): Proposed Registration under the Advisers Act of Certain Hedge Fund Advisers Dear Mr. Katz: The […]