Yearly Archives: 2007
AIMA Welcomes HMRC Revised Statement of Practice on IME
London 20th July 2007- The Alternative Investment Management Association (AIMA), the leading global hedge fund and alternative investment industry association, welcomed the release today of the HMRC Revised Statement of Practice on the Investment Manager Exemption (IME). The IME is […]
Aussie hedge funds down in June
The Australian- THE full extent of problems in two of Australian hedge fund operator Basis Capital’s funds caused by investment in Collateralised Debt Obligations (CEDs) is now emerging, with the news that the funds fell in value by an average […]
Hedge-Fund Managers Cohen, Griffin, Sender Are Top Collectors
Bloomberg- U.S. hedge-fund managers Steven Cohen, Kenneth Griffin, Adam Sender, David Ganek and Daniel Loeb are among the world’s 200 most active art collectors, according to a list compiled by the magazine ARTnews. Griffin, who runs the $14 billion Citadel […]
Atkins questions hedge fund plan
Los Angeles Times- One of the five members of the Securities and Exchange Commission is skeptical about an agency proposal that would require individuals to have at least $2.5 million in investments, excluding the value of their primary residence, before […]
Hedge funds vs. mutual funds
CNN Money- Chastened by the 2000-02 crash, the mutual fund industry has morphed into a 401(k) bureaucracy, cranking out bland diversified funds and packaging them into “life cycle” portfolios that you don’t have to think much about. All the glitz […]
Hedge fund listings hit by subprime woes
Reuters- Stock market disquiet caused by the U.S. subprime mortgage crisis has hit flotations in the booming hedge fund sector, as offerings from Man Group and U.S. firm Third Point raised less than targeted. Man Group (EMG.L: Quotazione, Profilo), the […]
Dubai leads Gulf with draft hedge funds code
Financial News Online US- Dubai is bucking the trend around the world by drafting a code of conduct for hedge funds. Several jurisdictions have decided this could be seen as over-regulation. Hedge fund assets in the Gulf states are small, […]
Rising defaults shut down two hedge funds
Washington Times- Bear Stearns & Cos. yesterday said it would close two troubled subprime mortgage hedge funds that are worthless as a result of surging defaults as Federal Reserve Chairman Ben S. Bernanke admitted that the subprime mess will further […]
StoneHouse Flagship Hedge Fund Launch
New York (HedgeCo.Net)- Stone House Partners LLC announced the successful launch of its flagship hedge fund, the Stone House Partners Fund, and impressive first half returns. Stone House Partners Fund, LP is a diversified, multi-strategy fund that targets above average, […]
Finvest Launches $250 Million Hedge Fund
New York (HedgeCo.Net)- Finvest Asset Management has announced the launch of The Finvest Yankee fund, its first multi-strategy hedge fund that will offer exposure to emerging managers through managed accounts. According to Levy Berkowitz, compliance and operations manager at Finvest, […]
ABI demands new curbs on activist funds
Times Online- The lobby group representing some of the stock market’s biggest investors has called on the City watchdog to crack down on activist investors and hedge funds. The Association of British Insurers (ABI), whose members control about 20 per […]
Yorkville Advisors Appoints Formers SEC Commissioner
JERSEY CITY, NJ – July 18, 2007 – Yorkville Advisors LLC, the investment manager to Cornell Capital Partners – a private investment firm that specializes in structured finance and direct investments – today announced that Richard Y. Roberts has been […]