Category Archives: HedgeCo News
UK’s big Pension funds may reduce domestic equity holdings in favor of hedge funds
WEST PALM BEACH, FL (HEDGECO.NET) – As the appeal of hedge funds to pension schemes continues to rise in the United Kingdom, some of the UK’s biggest corporate pension funds may likely reduce theirholdings in the domestic equity markets during […]
Rhicon Adds New Hedge Fund Product to their Firm
WEST PALM BEACH, FL (HEDGECO.NET) – Rhicon Currency Management Company has announced the launch of its new fund. The new strategy, called the Rhicon Strategic fund, will be available for trading July1 according to the press release. The fund will […]
New Hedge Fund start-ups slow in Asia
WEST PALM BEACH, FL (HEDGECO.NET) – The first half of 2004 has seen a decline in the number of new hedge fund launches in the Asian region; experts think part of the problem is the unstable stockmarkets, added to an […]
State Street to provide custodian services to German Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – State Street Global Advisors [SSGA] has announced that it will be offering custodian services to German Hedge funds, through the SSGA Munich, a banking subsidiaryof SSGA. According to the managing director of State Street, […]
Merger Arbitrage strategy expected to pick up in US Capital Markets according to fund manager
WEST PALM BEACH, FL (HEDGECO.NET) – The increasing merger and acquisition activities in the US Capital markets since the end of accounting and corporate scandals will give rise to a new flurry ofmerger and arbitrage opportunities. This is according to […]
The Securities and Exchange Commission of Singapore issues an injunction against a Hedge Fund company
WEST PALM BEACH, FL (HEDGECO.NET) – The Securities and Futures Commission of Hong Kong, (SFC) has issued an interim injunction against a Hong Kong based hedge fund manager and its executive, CharlesSchmitt, to stop the firm from conducting activities in […]
Brazilian Hedge Funds lost 3.8% in May
WEST PALM BEACH, FL (HEDGECO.NET) – Brazilian Hedge funds lost a total of 3.8% in May according to Bloomberg news. Such a loss, the first in 15 months is causing some concern among some hedge fundinvestors, who are reportedly withdrawing […]
SEC files fraud charges against four officers of a Hedge Fund company
WEST PALM BEACH, FL (HEDGECO.NET) – The U.S. Securities and Exchange commission [SEC] has filed charges against four officers of Beacon Hill Asset Management LLC, a hedge fund firm relating withabout $300 million losses in investor assets. SEC officials also […]
Lawyers think SEC will announce new Hedge Fund laws soon
WEST PALM BEACH, FL (HEDGECO.NET) – Some lawyers think the SEC is ready to announce new hedge fund laws; the new laws will mandate hedge funds to register with the SEC, thus bringing an era ofloosely regulated activities of hedge […]
Mutual Fund lobbying group backs SEC’s Hedge Fund regulatory oversight
WEST PALM BEACH, FL (HEDGECO.NET) – The president of the mutual fund industry’s lobbying group endorsed the recent efforts by the Securities and Exchange Commission to subject the US hedge fundindustry under its regulatory oversight. Paul Stevens who was recently […]
New Mutual Fund group chief calls for Hedge Fund reforms
WASHINGTON (Dow Jones)–The new head of a leading mutual fund trade group endorsed strong medicine for the industry’s trading scandals and said it should extend to brokers who sell mutual funds andhedge funds that profited from “predatory” mutual fund trading. […]
European Financial Centers competing with the Caribbean for Hedge Fund business
WEST PALM BEACH, FL (HEDGECO.NET) – With the current growing interest on the part of European investors in hedge fund investments, some European financial centers such as Luxembourg, Jersey andDublin are attempting to woo hedge funds back onshore. Such efforts […]