Monthly Archives: November 2006
Cerberus contractor bids for US army deal
A little-known contractor whose hedge-fund parent last month appointed John Snow, former US treasury secretary, as its chairman is leading a strong push to win a multi-billion dollar military contract currently held by Halliburton. IAP Worldwide Services – owned by […]
Hedge Funds Are Tempted to Let Loose Dogs of Risk
Nov. 2 (Bloomberg) — You promised investors 15 percent, 20 percent, 25 percent returns. You took their money, subtracted your 2 percent fee, cranked up the spreadsheet and rolled your balls on the global roulette wheels. And now, Mr. or […]
NorthPoint Trading Partners LLC, has today announced connectivity with Pipeline Trading Systems
HedgeCo.net — ATLANTA, GA (PRWEB) November 1, 2006 — NorthPoint Trading Partners LLC, a premier prime brokerage and fund services company, has today announced connectivity with PipelineTrading Systems, an anonymous and secure block trading venue. This connection provides NorthPoint Trading […]
HedgeOp Compliance, LLC Joins with Chief Compliance Officers to Form the Alternative Investments Compliance Association
New York, New York– November 1, 2006 – HedgeOp Compliance LLC, a leading provider of specialized products and services to the hedge fund community, and Chief Compliance Officers from several prominent alternative investment firms announced today the formation of the […]
Family Office Backs New Firm and Its Innovative First Fund
HedgeCo.net – Combining emerging hedge fund exposure with the experience of seasoned investment professionals, London-based fund-of-early-stage-hedge-funds manager, Hedge Funds Investment ManagementLtd, which is backed by the pioneering Dr. Nick Dhandsa’s family office, will launch the HFIM Multi-Strategy Fund in December […]
CONIFER SECURITIES NAMES MARKOWITZ AS PARTNER
HedgeCo.net – – SAN FRANCISCO, November 1, 2006 – Conifer Securities, LLC, a leading provider of business and operations solutions to hedge fund managers, family offices, foundations andendowments, today announced that Jerry Markowitz has joined as a Partner in New […]
More Leverage Won’t Add Balance
If a hundred experts were asked to identify the 25 things that need fixing in the U.S. economy today, I doubt that increasing the amount of borrowed money available to hedge funds would be on any list. After all, we’ve […]
Hardball hedge-fund tactics bad news for investors
NEW YORK – Hedge funds are known for playing hardball to boost their returns, and now they’re using those tactics on companies caught in the stock-option scandal. Many of those companies – which include names such as Vitesse Semiconductor Corp., […]
Profits Drop When Hedge Funds Get Involved
Hedge funds increasingly are pressuring executives to either shape things up or ship out, but a new study suggests their demands aren’t doing much to improve the financial health of the companies they target. Researchers at New York University concluded […]
DOW Jones Indexes Announces 2006 Reweighting of DOW Jones-AIG Commodity Index
Dow Jones Indexes, a leading global index provider, announced new target weightings for commodity futures in the Dow Jones-AIG Commodity IndexSM that will become effective in early January 2006. The new target weights, which were determined, approved and previously announced […]
Hedge funds betting Asia will boost gold reserves
Hedge funds, after pushing gold prices to 18-year highs, are looking to China and other Asian central banks as the next big drivers of the metal. This month Russia, Argentina and South Africa decided to increase the amount of gold […]
Hedge Fund Bankruptcy Role Seen Probed
CFO.com Magazine – The Securities and Exchange Commission is investigating the increasing role played by hedge funds in bankruptcy proceedings and whether fund representatives are lying about the size of their stakes to gain critical, sensitive information, according to Bloomberg. […]