Monthly Archives: November 2006
Hedge Funds and Artificial Intelligence
HedgeCo.Net (New York) – Investment firms have increasingly begun exploring mathematics to it fullest, as arbitrage opportunities disappear so quickly now, neural networks have emerged thatcan consider thousands of scenarios at once. Ray Kurzweil, an inventor and new hedge fund manager, said […]
MFA Supports Steady State Proposals for Equity Derivatives
WASHINGTON, D.C., November 28, 2006 — Managed Funds Association (MFA) pledged its support of the objectives set forth by 17 major dealers (the “Major Dealersâ€Â) for improving equity derivatives industry practices in their November 21st letter to the Federal Reserve […]
Greenwich Man Sentened to 21 Months in Federal Prison for Defrauding Hedge Fund Investors
U.S. ATTORNEY Press Release – Kevin J. O’Connor, United States Attorney for the District of Connecticut, announced that EVAN MISSHULA, age 40, of 104 Husted Lane, Greenwich, Connecticut, was sentenced today by United States District Judge Janet Bond Arterton in […]
Japanese noodle maker evades clutches of US hedge fund
TODAYonline – Japanese noodle maker Myojo Foods said it successfully evaded a hostile takeover attempt by a US hedge fund thanks to a white knight counter-bid from industry giant Nissin Food Products. The tender offer by Steel Partners Japan Strategic […]
Citigroup sees turn of the year hedge fund bonanza
Reuters.uk – Citigroup Private Bank has been telling its wealthy clients that now may be the best time to put their money into hedge funds. Studying nearly 16 years of returns among the popular alternative investment, the wealth manager noted […]
Amaranth to sell Cinram stake
Globe and Mail – One of the more acrimonious relationships in Canadian business is on the verge of ending, as hedge fund Amaranth Advisors LLC files the paperwork needed to sell its 15-per-cent stake in DVD maker Cinram International Income […]
Judge orders the arrest of hedge fund manager
Sun-Sentinel.com – A federal judge on Monday ordered the arrest of John Kim, head portfolio manager of collapsed West Palm Beach hedge fund firm KL Group, which is accused of defrauding investors ofmore than $200 million. U.S. District Judge Kenneth […]
CDC Appoints General Counsel and Chief Compliance Officer
HedgeCo.net ( New York ) – CDC Group plc (“CDC†or “Groupâ€Â), the UK Government-backed emerging market private equity fund of funds investor, today announces that it has appointed MarkKenderdine-Davies as General Counsel and Chief Compliance Officer. Mark will be […]
Conifer Securities Opens British Virgin Island Office
SAN FRANCISCO, November 27, 2006 – Conifer Securities, LLC, a leading provider of business and operations solutions to hedge fund managers, family offices, foundations and endowments, today announced that it has opened an office in the British Virgin Islands (BVI), […]
HedgeOp Compliance, LLC Introduces Update to Web-Based Compliance Tracking, Monitoring and Reporting System
New York, New York– November 27, 2006 – HedgeOp Compliance LLC, a leading provider of specialized products and services to the hedge fund community, today announced the launch of their updatedComplianceTrak software system. Powered by the latest development technology, ComplianceTrak […]
HEDGE FUNDS Betting Big on a Buyout in London
Spiegel Online – Is the London Stock Exchange really worth $5 billion? Or even $6 billion? A number of investors, particularly hedge funds, are now piling into the shares of the London exchange on expectations that Nasdaq’s pursuit of the […]
Citigroup sees turn of the year hedge fund bonanza
Reuters – Citigroup Private Bank has been telling its wealthy clients that now may be the best time to put their money into hedge funds. Studying nearly 16 years of returns among the popular alternative investment, the wealth manager noted […]