Category Archives: HedgeCo News
Lagging Hedge Fund Returns won’t slow Hedge Fund growth
WEST PALM BEACH, FL (www.hedgeco.net) – U.S. Hedge Fund industry experts believe that the current low and lagging returns by hedge funds will not derail the new asset inflows into hedge fund managedvehicles. According to such sources, despite such slow […]
UBS AG Strategist Defects to Hedge Fund Management
WEST PALM BEACH, FL (www.hedgeco.net) – Another traditional asset manager and strategist have moved over to the arena of hedge fund management in an unending trend which has seen many traditionalasset managers cross over to the realm of hedge fund […]
Van Global Hedge Fund Index advances 1.2 percent in May
WEST PALM BEACH, FL (www.hedgeco.net) – The Van Global Hedge Fund Index rose 1.2% net of fees in May according to new preliminary data released by Van Global LLC (VAN), a leading hedge fund indexprovider. The gains in the Van�s […]
S&P Hedge Fund Index rose 0. 29 percent in May
WEST PALM BEACH, FL (www.hedgeco.net) – The Standard & Poor’s Hedge Fund Index (S&P HFI) rose 0.29% for the month of May, according to Standard & Poor’s new data. S&P said, �HedgeFund managers were able to capture a large portion […]
Bush Selects Rep. Christopher Cox to lead SEC
WEST PALM BEACH, FL (www.hedgeco.net) – President Bush has selected Republican Christopher Cox to be the next Chairman of the Securities and Exchange Commission, following last week�s resignation ofWilliam Donaldson. Cox was widely expected to receive the nomination. Chairman William […]
Veteran Fund Manager John Mack to head Pequot Capital Management
WEST PALM BEACH, FL (www.hedgeco.net) – John Mack, a former Credit Suisse First Boston Chief Executive and a longtime Wall Street money manager has defected to a hedge fund company. Mack has beennamed to the post of Chairman of Pequot […]
SEC Chairman William Donaldson to Step down June 30
WEST PALM BEACH, FL (www.hedgeco.net) – The U.S. Securities and Exchange Commission Chairman William H. Donaldson announced his retirement from the agency effective June 30, 2005. In his resignationremarks, Donaldson said, �When I assumed the Chairmanship of the Securities and […]
SEC Charges Amerindo Investment Advisors and Its owners with fraud
WEST PALM BEACH, FL (www.hedgeco.net) – The Securities and Exchange Commission has filed Securities fraud against Amerindo Investment Advisors, Inc., Alberto William Vilar and Gary Alan Tanaka,Amerindo�s co-founders and principals. According to the SEC the charges resulted from misappropriation of […]
Investment Banks may suffer from heavy Hedge Fund redemptions
WEST PALM BEACH, FL (www.hedgeco.net) – Investment banks are expressing new concerns over their revenues coming from hedge fund business. Some brokerage banks are concerned that heavy redemptionsfrom hedge fund investors might affect their income coming from hedge funds such […]
Citigroup Agrees to settle $208 Million in SEC fines
WEST PALM BEACH, FL (www.hedgeco.net) – Citigroup Inc. has agreed to pay the SEC imposed $208 million to settle the fraud charges against Citigroup�s two subsidiaries with regard to the operation ofan affiliated transfer agent. The SEC released statements on […]
Risk to European Financial Stability from Hedge Funds may have increased-European Central Bank Official
WEST PALM BEACH, FL (www.hedgeco.net) – A governing official of the European Central Bank council said in a press conference that Hedge fund risks to the European Financial Market stability may havegone up from 2004. According to Tommaso Padoa-Schioppa, there […]
Hennessee Group Releases its annual Hedge Fund Manager Survey
WEST PALM BEACH, FL (www.hedgeco.net) – The Hennessee Hedge Fund Advisory Group (“Hennessee Group LLC”) has released its 11th annual Hedge Fund Manager Survey. According to the survey results, �Thehedge fund industry grew 27% from $795 billion to over $1 […]