Category Archives: HedgeCo News
Bank of New York to unveil new hedge fund record keeping platform
New York, NY (HEDGECO.NET) – The Bank of New York is gearing up to introduce its new hedge fund record keeping platform. According to the bank, the new platform will accommodate both the partnershipfunctions as well as those of the […]
HBV to start marketing hedge funds in Germany by year’s end
GERMANY, (HEDGECO.NET) – HVB Group, the second-biggest bank in Germany, has announced that it will begin marketing hedge funds in Germany by the end of 2004. These plans will enable HBV to competewith other rivals for the German hedge fund […]
Trident Pacific to launch Japanese mid-cap hedge fund
SINGAPORE, (HEDGECO.NET) – Trident Pacific, a Singapore-based hedge fund manager says it will be launching a new Japanese mid-cap equity hedge fund. According to the released information, the newhedge fund will focus on Japanese equities; outside the top 150 market […]
Hedge Fund Manager Loses 50% of Assets in July
NEW YORK, NY (HEDGECO.NET) – The New York based asset manager, Andor Capital Management LLC, the eighth-biggest hedge fund manager in 2003, lost almost half its assets in July according to publishedreports. The problem started when the firm�s technology portfolio […]
Hedge funds may short Google IPO
WEST PALM BEACH, FL (HEDGECO.NET) – Google has made many enemies in the process of making its IPO available for stock market participants. In the past few weeks, the company has attracted substantialnegative publicity that has also translated to anger […]
MFA Letter to SEC Requests Extension of Comment Period on Proposed Hedge Fund Rule
August 13, 2004 Jonathan G. Katz Secretary Securities and Exchange Commission 450 5th Street, N.W. Washington, D.C. 20549-0609 RE: Release No. IA-2266 (File No. S7-30-04): Proposed Registration under the Advisers Act of Certain Hedge Fund Advisers Dear Mr. Katz: The […]
Former Hedge fund executive pleads guilty to fraud
WEST PALM BEACH, FL (HEDGECO.NET) – Edward Strafaci, a former executive vice president and trader at Lipper Holdings LLC has pleaded guilty to fraud charges, brought against him by the Securities andExchange Commission. Strafaci admitted that between 1996 and 2002, […]
SEC Proposes Requiring Managers of Hedge Funds
I. Introduction SAN FRANCISCO � (HEDGECO.NET) – On July 14, 2004, the Securities and Exchange Commission (the �SEC�) voted 3 to 2 to publish proposed new rule 203(b)(3)-2 under the Inve
New European hedge fund performance report released
WEST PALM BEACH, FL (HEDGECO.NET) – The new European hedge fund report, Datamonitor, has been released. The report covers the big five European Countries: France, Germany, Italy, Spain, and UnitedKingdom. It addresses issues relating to the private client hedge fund […]
SEC regulation may weed out some bad eggs
WEST PALM BEACH, FL (HEDGECO.NET) – Derek Stewart, director of U.K.-based fund of hedge funds manager Mellon Global Alternative Investments, said that the proposed hedge fund regulations by the USSEC could help to weed out bad hedge fund companies without […]
Hedge Funds short shares of Man Group
WEST PALM BEACH, FL (HEDGECO.NET) – For some time now, Man Group has maintained the title of world�s largest hedge fund. Along with the title, came the perception that all was well within thecompany. Very suddenly in April however, the […]
New Citadel Software offers security of financial transactions
WEST PALM BEACH (HEDGECO.NET) – Citadel Security Software Inc, said that Satellite Asset Management has signed on to its new trading software, Hercules. The system employs automated vulnerabilityremediation (AVR) technology, �to ensure the security of financial transactions, proprietary information and […]