Monthly Archives: May 2005
Mutual Fund Firm to Offer Absolute Return Fund
WEST PALM BEACH, FL (www.hedgeco.net) – Integrity Mutual Fund Company said it plans to introduce a new mutual fund vehicle offering absolute return to investors. The new Integrity All Season Fundwill be jointly sponsored with the All Season Financial Advisors […]
Barclays Global Investors to launch a $1.84 billion hedge fund
WEST PALM BEACH, FL (www.hedgeco.net) – Barclays Global Investors, {BGI} has announced it is launching a new $1.84 billion hedge fund firm; such decision was aimed at profiting from the newopportunities arising in the credit markets. The credit markets have […]
SEC Lawyers offer vigorous defense for new Hedge Fund Laws
WEST PALM BEACH, FL (www.hedgeco.net) – The Securities and Exchange team of lawyers vigorously defended the SEC�s decision to regulate the U.S. Hedge Fund industry. According to the lawyers, theclaims submitted by the New York hedge fund company challenging the […]
Deceased Woman Deemed “Qualified Purchaser” in SEC No-Action Letter
WEST PALM BEACH, FL (www.hedgeco.net) – In a recent no-action letter, the staff of the U.S. Securities and Exchange Commission (the “SEC”) found that a settlor of a trust who had been deceased forover 45 years, is a qualified purchaser […]
Former Hedge Fund Manager, Hillary Shane barred from associating with NASD
WEST PALM BEACH, FL (www.hedgeco.net) – Hillary Shane, a hedge fund manager formerly registered with First New York Securities, L.L.C. (FNY), has been barred from associating with the NASD. Shane isalso to pay $1.4 million to settle the charges of […]
Citigroup and Pacific Asset Management to offer hedge funds
WEST PALM BEACH, FL (www.hedgeco.net) – Citigroup Inc. and Pacific Asset Management have announced plans for a joint venture to offer hedge funds. The new joint venture will offer hedge fundmanagement portfolio services to wealthy individuals as well as institutional […]
President of Bear Stearns sees no Hedge Fund crisis
WEST PALM BEACH, FL (www.hedgeco.net) – Bear Stearns president, Warren Spector says the rumors of hedge fund crisis are simply exaggerated. Spector said, �We have done a lot of double checking andtriple checking to make sure that none of our […]
Chicago Stock Exchange to woo hedge funds by introducing Electronic Trading System
WEST PALM BEACH, FL (www.hedgeco.net) – The administrators of the Chicago stock exchange recently announced plans to introduce a new electronic trading system in an effort to attract the business ofhedge funds. The new system has not been named according […]
Deutsche Bank Plans to launch Islamic Tracker Fund
WEST PALM BEACH, FL (www.hedgeco.net) – Deutsche Bank AG, Europe’s third- largest lender, has announced plans to offer Islamic investors an opportunity to invest in funds using strategies similar tohedge funds. Such funds however, will comply with the Koran�s specifications […]
Highbridge Capital Hedge Fund says it has little exposure to Structured Credit Markets
WEST PALM BEACH, FL (www.hedgeco.net) – Highbridge Capital management has told its investors that it did not suffer big losses in the structured capital markets as rumored recently. According to thereleased information, the firm�s flagship product, Highbridge Capital Corp was […]
Hedge fund Symposium to focus energy in discovering new niche trading strategies
WEST PALM BEACH, FL (www.hedgeco.net) – Organizers of the 2005 Blue Ribbon Hedge Fund Symposium scheduled in New York from July 12 – 14th continues to devote efforts towards discovering new nichehedge fund trading strategies, as assets for the global […]
Gartmore Hedge Funds reach new milestone-Assets reaches $6.3 billion
WEST PALM BEACH, FL (www.hedgeco.net) – Gartmore management said it has just celebrated its 6th year anniversary of the founding of its hedge fund vehicles as assets continue to grow from one year toanother. According to Gartmore, its hedge fund […]