Category Archives: HedgeCo News
Abria wins Canada’s best Fund of Hedge Fund Award
WEST PALM BEACH, FL (www.hedgeco.net) – The Abria Diversified Arbitrage Trust was honored by the Canadian first ever investment award at a gala in Toronto. The fund is managed by Abria FinancialGroup. The Abria fund is ranked the best Risk-adjusted […]
More Canadian Mutual Fund clients crossover to Hedge Fund investment arena
WEST PALM BEACH, FL (www.hedgeco.net) – One of the big names in the Canadian mutual fund establishment, Frank Mersch, has defected to the hedge fund investment arena. Mersch was a former manager atAltamira Management Ltd., and he managed an equity […]
Merrill Lynch predicts a rise in alternative asset management
WEST PALM BEACH, FL (www.hedgeco.net) – Merrill Lynch Asset Management has predicted a rise in the use of alternative asset management in Europe in 2005. According to published reports, Merrill Lynchcompared hedge funds to Apple�s iPod�s portable music system. The […]
Singapore to allow Platinum Capital Management to market hedge funds
WEST PALM BEACH, FL (www.hedgeco.net) – The Singaporean regulator, the Monetary Authority of Singapore (MAS) has granted authority to the UK-based Platinum Capital Management to market its fund ofhedge fund products to investors in the country. Platinum�s Portfolio fund invests […]
ABS Investment Management to launch new Offshore Fund
WEST PALM BEACH, FL (www.hedgeco.net) – ABS Investment Management announced it has launched ABS Offshore Limited, an Asia focused portfolio. The new fund is dedicated to an Asian Equity Long/Shortstrategy according to the new press release. The new portfolio is […]
Study shows Endowment’s returns increased five-fold in 2004
WEST PALM BEACH, FL (www.hedgeco.net) – A new study of seven hundred and seven endowments of University and independent schools have shown a near five fold increase in the levels of their investmentportfolio returns in the past year. This performance […]
SciVest Launches Global Fund of Hedge Funds
TORONTO (www.HedgeCo.Net) – SciVest Alternative Strategies Inc. announces the launch of the SciVest Global Multi-Strategy Fund (�The Fund�), a global fund of hedge funds. The Fund will be managed byColin Jang, CFA, who is responsible for the strategy and operation […]
SEC Re-proposes Rule Exempting Certain Broker-Dealers from Registration
SEC Re-proposes Rule Exempting Certain Broker-Dealers from Registration Under the Investment Advisers Act of 1940 Special from David Goldstein and Jay Gould, White & Case LLP On December 22, 2004, the Securities and Exchange Commission (the �Commission�) unanimously determined to […]
HSBC to fold its South African Wealth Management Operations
WEST PALM BEACH, FL (www.HedgeCo.Net) – According to Dow Jones, HSBC Holdings PLC (HBC) will fold its South African wealth management and private client stockbroking unit early in 2005. According toan unnamed spokesperson, �There just wasn’t enough scale to the […]
New Antepo Product to help Hedge Funds achieve SEC’s instant messaging
WEST PALM BEACH, FL (www.HedgeCo.Net) – The new OPN System is has been introduced by Antepo Inc, with the goal of enabling hedge funds to meet critical Hedge Fund Requirements for SEC Compliance.According to the news release Antepo �today announced […]
PlusFunds Hedge Fund executive resigns
WEST PALM BEACH, FL (www.HedgeCo.Net) – Gabriel Bousbib, President and Chief Executive Officer of PlusFunds Group, Inc., has resigned to pursue other interests according to a press release from thefirm. Mr. Bousbib will remain as an adviser to the firm […]
US Chamber of Commerce files a brief in its lawsuit against SEC
WEST PALM BEACH, FL (www.HedgeCo.Net) – The U.S. Chamber of Commerce said it has filed a brief in its lawsuit against the Securities and Exchange Commission, raising some objections to the SEC�splans to institute new rules for the mutual fund […]