Monthly Archives: February 2006
At declaration day, Hedge Funds find way around regulations
Belleville News-Democrat – CHICAGO – Many hedge funds, the often secretive and lightly regulated investment vehicles for wealthy individuals and big institutions, are hedging when it comes to new rules requiring them to give up some of their privacy. Since […]
Hedge fund managers fear arbitrary SEC probes
Reuters – Hedge fund managers, many of which were forced to register as investment advisers for the first time this month, now have a new worry: legions of government inspectors poring over theirbooks and finding arbitrary violations. At an industry […]
Retail hedge funds likely to appear on Irish market in medium-term
Finance Magazine – Ireland looks likely to follow the lead set by Germany and the UK by offering retail investors the chance to buy into hedge funds for the first time. Leading figures in the Irish investment management industry believe […]
Hedge fund assets seen rising despite weak returns
Reuters.uk – Weak returns stemmed the flow of money into hedge funds late last year, but panellists at a conference said growth of assets in the industry will pick up as institutions continue todiversify their portfolios. Data from Chicago-based Hedge […]
Hedge fund turns up heat on Angelica directors
St. Louis Post-Dispatch – The Steel Partners II LP hedge fund on Monday stepped up pressure to gain power on Angelica Corp.’s board, telling regulators that it will ask Angelica shareholders to replace two directors – including the company’s chief […]
AIG Financial Products Corp. Announces Investment in Aspect Capital
AIG Financial Products Corp. (AIG-FP), a member company of American International Group (AIG), today announced that it has taken a 4.3% equity stake in Aspect Capital Limited a leading London-based hedge fund. In addition, AIG-FP announced that it provided US […]
MAXAM Capital Management Selects Backstop IPM
HedgeCo.Net – Backstop Solutions Group, LLC (BSG) announced today that MAXAM Capital Management LLC, a diversified investment firm founded by hedge fund luminary Sandra Manzke, has chosen Backstop Investment Partnership Management software (Backstop IPM) to manage MAXAM’s portfolio management, manager […]
Hedge fund star faces ban
The Sunday Times – ONE of Europe’s largest hedge funds and its star trader face censure by the City regulator as early as this week over an insider-trading scandal that has rocked the financialcapital. Sources close to the Financial Services […]
NASD Steps Up Hedge Fund Probe, Seeks Customer Data
Bloomberg – The NASD is expanding a probe of the world’s biggest brokerage firms for possible improper sales of hedge funds to individual investors, three people with direct knowledge of the matter said. The industry regulator sent letters to firms […]
Pleasantville hedge fund manager challenges new rules
The Journal News.com – Phillip Goldstein likes to think of himself as a bulldog willing to wage a fight. For 13 years, those battles have generally been against corporate America through his $90 million hedge fund company with four employees […]
Top hedge funds set sights on Arcelor
MSNBC – Prominent hedge funds have piled into the shares of Arcelor in the expectation of a higher bid from either Mittal Steel or another party. Mittal’s unsolicited €18.6bn offer for Arcelor has drawn intense interest from UK hedge funds […]
Shakers: Convexity Capital Management
International Herald Tribune – Jack Meyer, who outperformed most money managers for 15 years as head of Harvard University’s endowment, has raised a record $6 billion for his new hedge fund, according to two people with direct knowledge of the […]