Category Archives: HedgeCo News
Martin Currie closes new Japanese fund to new investors
WEST PALM BEACH, FL (HEDGECO.NET) – Martin Currie asset management has successfully launched its seventh hedge fund. The new Japanese focused Diajiro hedge fund was seeded with US$130 millionaccording to Currie. The new fund was subsequently closed to new investors […]
Greenspan may not convince Lawmakers on hedge fund regulation initiative
WASHINGTON, D.C. (HEDGECO.NET) – The Chairman of the Federal Reserve Bank, Alan Greenspan, has appeared numerous times before the US congressional committees in testimonies over the SEC�s proposalsto regulate the US based hedge funds. So far, such testimonies have not […]
Invesco Executives settle the mutual fund/hedge fund fraud charges
NEW YORK, NY (HEDEGECO.NET) – Three former executives of the Invesco Funds Group have settled the allegations brought against them by government regulators following the trading scandals that rockedthe mutual fund industry. The three men charged in the scandals were […]
New Canadian Hedge Fund offers 100% capital guarantee
WEST PALM BEACH, FL (HEDGECO.NET) – A new Canadian hedge fund with a 100% capital guarantee has been launched. According to a press release by Pro-Hedge Funds Inc., the new fund, the GIS Series 1 hasbecome the first hedge fund […]
SEC To Force Mutual Funds to stop excessive commission payout
WASHINGTON, D.C. (HEDGECO.NET) – The US Securities and Exchange Commission has ordered mutual fund establishments to stop paying excessive commissions to brokers for promoting the fund products ofthose firms. These are the continuing fallout from the mutual fund/hedge fund trading […]
Hedge Funds are here to stay Research director suggests
WEST PALM BEACH, FL (HEDGECO.NET) – Hedge funds are here to stay according to Stephen van Eyk, the managing director of Van Eyk Research Company. According to him, despite all the discursion andnegative publicity, hedge funds continue to make their […]
High demand for hedge funds contributes to depress returns new Australian study says
WEST PALM BEACH, FL (HEDGECO.NET) – A new research conducted by Lonsec Research Group concluded that the high investor demand for hedge fund investment instruments could contribute to depressed hedgefund returns in future. However, the research was optimistic about hedge […]
Pimco Manager thrashes Hedge Fund Managers
WEST PALM BEACH, FL (HEDGECO.NET) – Mr. Gross, chief investment officer of US Pimco fund management group has criticized hedge fund managers by charging that they depend on largely leverage, ratherthan skill in trading. Gross called hedge funds a �craze� […]
UK Pension Fund looking for Fund of Funds Manager
WEST PALM BEACH, FL (HEDGECO.NET) – As hedge fund investment philosophy continues to make its way into the European Pension fund�s asset allocation formula, more pensions plans continue to seek outskilled hedge fund managers to invest with. According to published […]
Cynthia Fornelli to Leave SEC, a setback to hedge fund reform efforts
WASHINGTON, DC (HEDGECO.NET) – The US Securities and Exchange Commission has suffered a temporary setback to its reform efforts. Cynthia M. Fornelli, the highly regarded deputy director of the USSecurity and Exchange Commission’s division of investment management, has decided to […]
One Financial introduces new shopping platform for hedge funds
WEST PALM BEACH, FL (HEDGECO.NET) – One Financial announced the launch of the ONE Financial MSCI Hedge Investable Index Notes, Series 2. The new system is an innovative investment product offeringreturns linked to a broadly diversified Index of 97 hedge […]
Cardinal Asset Management plunges into hedge fund management
WEST PALM BEACH, FL (HEDGECO.NET) – Cardinal Asset Management has decided to plunge into the ever-growing world of hedge fund management, according to published reports. Cardinal has contractedPhillip Wale, a veteran hedge fund manager, to assist the firm to develop […]