Yearly Archives: 2007
Canadian Hedge Fund Launch
Goodman & Company Investment Counsel Ltd. announced the launch of the Dynamic Global Value Balanced Fund, a balanced fund offering global diversification. The fund highlights active hedging as risk management, minimizing sensitivity to interest rate and credit spread changes and […]
Zurich Pays $16.8m to Settle On Market Timing
Financial Times- Zurich Financial Services agreed Monday to pay $16.8m to settle allegations that its New York-based capital markets arm provided funding to four hedge funds that engaged in impropermarket timing of mutual funds. The US Securities and Exchange Commission, […]
Funds bet markets will remain calm
Financial News Online US- “Speak softly but carry a big stick,†was the West African proverb adopted by former US president Theodore Roosevelt. It could be the motto of the hedge fund industry. While most keep a low profile they […]
Hedge-Fund Technique by Harvard, Stanford Gets Senate Scrutiny
Bloomberg- Senate aides, looking for new sources of revenue, are studying how Harvard, Yale and Stanford are using offshore hedge funds to avoid tax bills. Staff of the Finance Committee discussed the matter yesterday with experts on taxes and hedge […]
Baucus Says Hedge-Fund Tax Bill Is `Nowhere Close
Bloomberg- Senate Finance Committee Chairman Max Baucus said his panel is “looking at the general question” of how hedge funds and private-equity firms are taxed, though Congress is “nowhereclose” to drafting a bill. “I’m not close to having legislation, not […]
Equity Fund Services Launches US Operation
HedgeCo.net – NEW YORK, May 7, 2007 – Equity Trust Group, a leading provider of trust, fiduciary and fund administration services, today announced the launch of their US office for subsidiary EQUITY Fund Services. Robert A. Schaeffer has been named […]
Lifting the Lid: Mutual Funds Becoming Shareholder Activists
Reuters- The world’s largest mutual fund firm is about to take on an unlikely title: activist shareholder. Fidelity Investments is expected next week to vote against a buyout offer for U.S. broadcaster Clear Channel Communications Inc., highlighting the increasingly active […]
Hedging Hedge Funds
New York Times- CAN you hedge a hedge fund? An investment currently being marketed to the rich is trying in essence to do just that, and the approach is bound to be offered to the rest of us soon. Often […]
French Criticism of Hedge Funds
Gulf News- If there is one thing that unites both candidates in France’s presidential run-off last week, it is a shared belief that Anglo Saxon hedge funds are the great villains of modern civilisation. Nicolas Sarkozy, the neo-Gaullist favourite, has […]
Blackstone To Launch 2 Funds Of Hedge Funds
Blackstone Group LP is planning to raise up to $2 billion for two new funds of hedge funds, according to recent reports, the Blackstone Strategic Alliance Fund LP and the Blackstone Strategic Alliance Offshore Fund Ltd. Blackstone said in April […]
Integra FX Hedge Fund Launch
Integra Investment Management announced the launch of their new hedge fund, the Integra FX2 Master Fund L.P., with $10 million of their own money at launch, the new hedge fund opened its doors April first, 2007. The new fund was […]
Big Names, Big Wallets, Big Cause
New York Times- Even in charity, the titans of hedge funds and private equity do nothing small. At the 2007 Robin Hood benefit this week, two people paid $400,000 each to sing a song with Aerosmith. A package that includes […]