Yearly Archives: 2007
Hedge Fund Manager Charged With Fraud
HedgeCo.Net (New York) – A Washington hedge fund manager has been charged with defrauding Maryland investors of $9 million by soliciting moneyfor his hedge funds, LaJon Corp, LaJon Capital Management, LaJon Capital Advisors and LaJon Capital Fund. Attorney General Douglas […]
MFA Applauds PWG and Supports Principles and Guidelines
HedgeCo.net – WASHINGTON, D.C., February 22, 2007 — Managed Funds Association (MFA) said today it applauds the announcement by Treasury Secretary Paulson, chairman of the President’s Working Group (PWG), and supports the PWG’s unanimous agreement on setting forth a common […]
SEC derided for limiting investors in hedge funds
Baltimore Sun – A Securities and Exchange Commission proposal to sharply limit the number of Americans who can invest in hedge funds has triggered a public backlash – and the latest controversy over the booming private investment pools. The agency […]
Hedge Funds Jump Into Private Equity
BusinessWeek – Hedge fund magnate Steven A. Cohen is running with a new crowd on Wall Street. After hiring a seasoned private equity dealmaker in December, Cohen’s $12 billion SAC Capital Partners teamed up with buyout king Kohlberg Kravis Roberts […]
McCreevy defends decision not to regulate hedge funds
EurActiv.com – Internal Market Commissioner Charlie McCreevy will not impose specific regulation, despite recent calls by politicians to tighten rules. G7 finance ministers called for vigilance on 10 Feburary 2007 and pointed out the potential risks posed by the fast-growing hedge-fund industry to the stability of […]
Hedge-Fund Critics Suggest Sending in the Clones
Bloomberg – Feb. 22 (Bloomberg) — Five minutes ago, advisers barnacled to the investment industry were championing hedge funds as balm for the swollen deficits afflicting pension funds. Now, the purveyors of contradictory counsel have decided hedge-fund investments are more […]
Senator Obama Backs Hedge Fund Legislaton
HedgeCo.Net (New York) – Senator Barack Obama has backed legislation that would require hedge funds to require their offshore clients toestablish anti-money laundering programs in the same way as other US financial institutions, under regulations to be issued by the […]
Fund of Hedge Funds Launches Trust
HedgeCo.Net (New York) – Fund of hedge funds manager, Gottex Fund Management, announced that they intend to launch a publicly listedclosed-ended investment company, Gottex Market Neutral Trust, which will be listed on London’s main market. All proceeds from a placing and […]
Activist Hedge Fund Wants Dutch Bank To Sell Assets
HedgeCo.Net (New York) – The Children’s Investment Fund Management, a $3.8 billion hedge fund launched in 2003, announced in a letter to Dutchbank ABN AMRO that they believe the bank is undervalued and should sell some of its assets, merge […]
Funds: BNP chief scrambles to stay competitive
PARIS: Gilles Glicenstein, chief executive of BNP Paribas Asset Management, said that hedge funds are forcing him to offer more specialist investments and consider acquisitions in emerging markets and the United States. Glicenstein, who oversees €326 billion, or $428 billion, […]
Growth Spurt For Canadian Hedge Funds – FT Alphaville
Canadian hedge funds are experiencing unprecedented growth in several niche areas, reports blackenterprise.com, and foreign based funds are also becoming more active in Canadian markets. While Canada’s hedge fund sector has been overshadowed by its American peers, the Canadian market […]
Investors zing SEC on hedge fund rule – Los Angeles Times
A Securities and Exchange Commission proposal to sharply limit the number of Americans who can invest in hedge funds has triggered a public backlash  and the latest controversy over the boomingprivate investment pools. The agency has received hundreds of […]