Category Archives: HedgeCo News
Hedge Fund Industry assets shrunk in 2nd Quarter
WEST PALM BEACH, FL (www.hedgeco.net) – Assets managed by the global hedge fund industry shrunk in the second quarter according to reports by Reuters. At the end of the second quarter in June 2005,the total level of assets managed by […]
NASDAQ to probe the sale of Hedge Funds
WEST PALM BEACH, FL (www.hedgeco.net) – The National Association of Securities Dealers said yesterday that it is probing the sales of hedge funds to investors, according to Dow Jones News. BarryGoldsmith told Dow Jones, �The marketing and sales of hedge […]
Hedge Funds to woo new investors through performance reporting
WEST PALM BEACH, FL (www.hedgeco.net) – Hedge funds have increasingly reported their performance data in a bid to woo new hedge fund investors. Dow Jones reports that, Hedge Fund Research, theChicago based industry tracker recently said it now compiles performance […]
Armajaro Commodities Fund to re-open October 2005
Armajaro Asset Management LLP is pleased to announce that the Armajaro Commodities Fund Limited will be re-opened to new investors with effect from 3 October 2005. The Fund had soft closed in March2005 with assets under management in excess of […]
Cazenove European Equity Absolute Return Fund wil soft close at the end of October
The Cazenove European Equity Absolute Return Fund, managed by Chris Rice and Steve Cordell has now reached �110m, post dealing on 1st August 2005. Having doubled assets over the past 6 months, theintention is to �soft� close the Fund to […]
Citigroup selects Nolte as new CEO of its Hedge Fund of Funds
WEST PALM BEACH, FL (www.hedgeco.net) – Citigroup Asset Management has selected Raymond Nolte as chief executive officer of its hedge fund of funds Group. The 44 year-old Nolte previously worked aspart of the management of Deutsche Bank, his career at […]
UBS appoints Inichien to its Global Asset Management
WEST PALM BEACH, FL (www.hedgeco.net) – UBS Asset Management has appointed Alexander Inichien to its Global Asset Management and Qualitative Investments division in a senior research capacity. Thenew appointment takes effect on October 1st 2005 according to released information. Mr. […]
Northern Trust to provide custody and fund administration services to Swiss Capital Group
WEST PALM BEACH, FL (www.hedgeco.net) – Northern Trust Company has been selected by Swiss Capital Group to provide custody and fund administration services to its entire fund-of-hedge-funds. NorthernTrust is one of the leading providers of global custody, asset administration and […]
Hedge Funds trail broader equity markets in July-CSFB
WEST PALM BEACH, FL (www.hedgeco.net) – While hedge funds posted positive returns in July, new data from Credit Suisse First Boston/Tremont shows that they lag the broad equity markets for the month.According to new data from CSFB/Tremont, the average hedge […]
Oil Prices continue to rise as Hedge Funds predict global shortage in a few years
WEST PALM BEACH, FL (www.hedgeco.net) – The price of crude oil continues to rise amid speculations that within a few short years there would be a scarcity of the commodity around the world. Recentlycrude oil traded around $66 dollars per […]
German Chancellor defends plans of tighter controls for Hedge Funds
WEST PALM BEACH, FL (www.hedgeco.net) – The German Chancellor, Gerhard Schroeder has defended plans to subject hedge funds to tighter controls. Mr. Schroeder made his remarks during a speech on aGerman regional radio station. He argued that the tactics used […]
US Pension Fund Investments in Hedge Funds Accelerating
WEST PALM BEACH, FL (www.hedgeco.net) – The level of investments in hedge funds by US based pension fund managers is gathering more momentum according newly released reports. Following the technologymarket crash of the late 1990�s and early 2000�s, pension fund […]