Monthly Archives: September 2006
More Hedge Funds Deregister After Ruling
MSN MoneyCentral – More than 100 hedge fund advisers have deregistered with the Securities and Exchange Commission in the nearly three months since a federal appellate court rejected the agency’sefforts to regulate the $1.2 trillion industry. The SEC ruled that […]
SEC worried about Hedge Funds
HedgeCo.Net (New York) – In an article by Marketwatch it was reported that Securities and Exchange Commission enforcement director Linda Thomsen, told a Senate panel that insider trading by hedge funds is “an area of significant concern†to the SEC […]
M.D. Sass-Macquarie Launches Crow Point Partners, A Utility & Telecom Investment Management Company
HedgeCo.net ( New York ) â€â€M.D. Sass-Macquarie Financial Strategies, L.P., a joint venture between M.D. Sass and the Macquarie Group, today announced the launch of Crow Point Partners, LLC (CrowPoint), a new investment management company. Crow Point will seek to […]
Cullen Says Hedge Funds May Be Behind New Zealand Dollar Surge
Bloomberg – Finance Minister Michael Cullen said hedge funds may be pushing up the New Zealand dollar, raising the risk of a sharper drop in the exchange rate when they sell. Hedge funds appear to be “taking short-term positions” in […]
Hedge Funds Here to Stay, Panel Says
Black Enterprise – Even in this age of market volatility and spotlighted failures, investors’ love affair with hedge funds endures. Yet investors will grow more sophisticated and will demand greatertransparency. This was the somewhat rosy picture emanating from a hedge […]
Orlando stockbroker sentenced in hedge-fund scam
Orlando Business Journal – An Orlando stockbroker has been sentenced to more than four years in prison for cheating investors out of more than $6.6 million involving two hedge funds. Charles Norman Watson, 39, was sentenced to 50 months in […]
Ex-Hedge Fund manager pleads Not Guilty
HedgeCo.Net (New York) – The Securities and Exchange Commission filed a complaint against Hilary L. Shane in the United States District Court for New York this May, alleging that Shane committed insider trading and registration violations by short selling 122,900 […]
Hedge Funds and Wine
HedgeCo.Net (New York) – Robert Lyster, co-founder of hedge fund Lyster Watson Management Inc. has found a new investment for his hedge fund millions, the land rich, cash poor, winemaking lifestyle. Wall Street wine mavens interested in purchasing a Burgundy […]
Horizon Enhances Business Development And Portfolio Management
HedgeCo.net ( New York ) – Horizon Cash Management LLC, a leadingcash manager for alternative investment funds, today announced that theyhave hired a new executive and promoted another as the firm ramps up itsbusiness development and portfolio management in conjunction […]
GOP colleagues glad to carry Castle
Delaware Online – The two small strokes Rep. Mike Castle suffered over the weekend will keep him out of Washington for the last hectic congressional work week before the November elections. Congress is set to vote on a series of […]
Hedge fund firm Integrated
Reuters – Fund-of-hedge funds firm Integrated Asset Management, enlarged by an acquisition, said its assets under management rose to near $1.5 billion (790 million pounds) in early September from$832.9 million at the end of June. Pre-tax profit rose to 387,047 […]
Jefferies pushes into hedge prime broker business
Reuters – Jefferies Group Inc. is making a push into one of the most coveted money-making franchises on Wall Street in offering prime brokerage services to hedge funds, senior executives of the investment bank said. The New York-based brokerage is […]