Monthly Archives: November 2006
Signet Capital plans to list fund of hedge funds on LSE
Signet Capital Management is to list a closed-end company on the London Stock Exchange next month that will make investments with fixed-income hedge fund managers, an executive of the firm said Friday. The plan was revealed as another fund-of-hedge-funds firm, […]
Citco joins influx of hedge funds locating in Halifax
Globe and Mail – Citco Group Ltd., one of the world’s largest hedge fund administrators, will announce today it is opening an office in Halifax with plans to eventually employ about 350 people. The operation will include the fund administrator’s […]
Man CEO welcomes clarity in hedge fund industry
LONDON (Reuters) – tanley Fink, the Chief Executive of hedge fund manager Man Group, said on Thursday he supported measures to improve the quality and transparency of the hedge fund industry. Fink, speaking at a securities regulation conference, said providing […]
Investcorp to offer Global Depositary Reciepts
HedgeCo.Net (New York) – Investcorp, one of the leading institutional investors in hedge funds with approximately $9.8 billion under management has said their bank has decided to proceed with an offer of ordinary shares in the form of Global Depositary […]
SEC to tighten entry into hedge funds
Royal Gazette – A mood of caution has subdued high-risk hedge funds after losses stemming from a more than 25 percent fall in oil prices and as typically conservative pensions and banks look to makeuse of them. The highest profile […]
Starting a Revolution in the Pay Structure for Hedge Fund Managers
New York Times – Among the certain unalienable rights of finance in 2006 is that of successful hedge fund managers to make a lot of money. That right is embedded in the compensation structure of the funds: most managers receive […]
Thomas Lee Postpones $400 Million Hedge Fund IPO
Bloomberg – Thomas Lee, the billionaire buyout executive, is postponing plans to raise $400 million in an initial public offering for a fund to invest in hedge funds, two people with knowledge of thesale said. Lee, known for making more […]
Watchdogs to probe fund of funds post Amaranth
LONDON (Reuters) – International securities regulators are considering looking again at the fund of hedge funds industry in the wake of the collapse of hedge fund Amaranth, a senior regulator said onThursday. Hubert Reynier, who chairs a committee on investment […]
Sears as a Hedge Fund
HedgeCo.Net (New York) – The prominent investor, Edward Lampert, who runs his own hedge fund in Greenwich, Conn., and is chairman of Hoffman Estates-based Sears, has has turned the largest U.S. department-store chain into an investment vehicle. Cash holdings have […]
Hedge Funds Sued by Attorney General
HedgeCo.Net (New York) – State Attorney General Eliot Spitzer sued Samaritan Asset Management Services Inc, their advisors, Johnson Capital Management Inc, and Edward Owens, a principal at the hedgefund. The company allegedly engaged in a fraudulent mutual fund market-timing scheme. […]
Boyou Hedge Fund Redeemers Get a Benchmark
Seeking Alpha – Scammy and Danny Bayou still await sentencing on charges associated with the collapse of their corrupt hedge fund – formerly based in the eponymous Scamford, Conn. – but the investorswho thought they’d safely escaped the pair’s clutches […]
Investors eye more direct hedge fund path-consultant
Reuters.uk – Funds of hedge funds are likely to change how they operate and offer more tailor-made advice as institutional clients become more confident about investing directly in the $1.7 trillion(900 billion pounds) hedge fund industry, a consultant said on […]