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Friday, April 19, 2024

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SEC Plans Database to Stem Illegal Hedge-Fund Trading
Dec 05/06
(Bloomberg) -- The U.S. Securities and Exchange Commission plans to have a database in place by next year that will help it crack down on hedge-fund insider trading, a senior agency official said. ``The SEC presently does not have...Read more



Sextant to Raise $850 Million for Water, Metals Hedge Funds
Dec 05/06
(Bloomberg) -- Sextant Capital Management Inc., a Toronto-based fund manager, plans to raise $850 million for two hedge funds that will invest in water and metals. About $700 million will be for the Caymans Island-based Sextant St...Read more



New fund-of-funds rules set (U.S.)
Dec 05/06
Securities regulators have adopted several new rules and amendments that affect so-called fund of fund arrangements. The new provisions will allow, under certain circumstances, mutual funds to acquire shares of other funds and inv...Read more



Five Top Hedge Fund Managers and Their Holdings
Dec 04/06
Summary: Barron's identifies five top-notch hedge funds whose investment moves are closely watched by the industry, revealing their top holdings and some recent transactions:David Tepper's Appaloosa Fund: (1) Oracle Corp. (ORCL) (...Read more



Canada gets an F in enforcing securities regs
Dec 04/06
 OTTAWA - Are Canada's securities laws being enforced properly?To the presumed delight of crooks - but probably not cops - a Canadian legislator, regulators and at least one American professor agree that they are not.In Canada, it...Read more



PayPal's Thiel Scores 230 Percent Gain With Soros-Style Fund
Dec 04/06
(Bloomberg) -- One morning in 1998, at Hobee's coffee shop, near Stanford University, a young money manager named Peter Thiel decided to gamble on an Internet startup. Thiel ended up investing $240,000 in the company, which eventu...Read more



Global HNI market rose by 8% in 2005 to reach over $33 trillion, allocation to alternatives doubled
Dec 04/06
The global market for wealthy individuals with over $1m of investable assets rose by 8% in 2005 to reach over $33 trillion, continuing the steady growth seen in the two previous years according to industry body International Finan...Read more



Russell Reynolds Associates’ Study Reveals Highly Competitive Recruiting Environment, Increased Turn
Dec 04/06
NEW YORK--(BUSINESS WIRE)--The recruiting environment among senior professionals in the asset and wealth management industries was particularly strong in 2006 – a year that saw brisk turnover among all functions as well as rising ...Read more



Regulators say few big hedge fund frauds, eye risk
Dec 04/06
LONDON, Dec 4 (Reuters) - The hedge fund industry has shown few signs of major fraud, but cases of wrongdoing may rise if more of these investment vehicles are sold to mass-market savers, international financial regulators said on...Read more



Instinet Launching New Canadian ATS
Dec 04/06
TORONTO (HedgeWorld.com)—Instinet Inc. said Monday [Dec. 4] that it plans to launch a new alternative trading system for Canadian exchange-listed securities. The system, called ICX, for Instinet Canada Cross, will function as a co...Read more



RBC Capital Markets implements Vhayu Velocity
Dec 04/06
Royal Bank of Canada (RBC) Capital Markets has implemented market data technology from California-based Vhayu Technologies which it will use to provide transaction cost analysis (TCA) calculations for its proprietary equities trad...Read more



Goldman Sachs leads in hedge-fund sprint
Dec 04/06
Goldman Sachs Group Inc. is the largest manager of hedge fund money, with $29.5 billion in assets, according to data compiled by Chicago-based Hedge Fund Research Inc. and Bloomberg News. The study ranked the hedge funds in six in...Read more



BlueMountain's European Head Jeremy Barnum to Leave Hedge Fund
Dec 04/06
(Bloomberg) -- BlueMountain Capital Management LP, a $3.6 billion hedge fund, said the head of its European office, Jeremy Barnum, is leaving the firm. Barnum, 34, who joined BlueMountain in February last year, will be succeeded b...Read more



Goldman sets up hedge fund clone
Dec 03/06
Goldman Sachs has become the first bank to create a hedge fund replication tool in a move that could lead to a shake-up of the $1,300bn hedge fund industry.The platform will greatly undercut the notoriously high fees of the hedge ...Read more



SEC Ends Trading Inquiry of Mack and Pequot, Won't Bring Case
Dec 01/06
(Bloomberg) -- The U.S. Securities and Exchange Commission told Morgan Stanley Chief Executive Officer John Mack and Pequot Capital Management Inc., a $7 billion hedge-fund manager, it won't accuse them of wrongdoing, formally end...Read more



Goldman Ousts Bridgewater as Largest Hedge Manager
Dec 01/06
(Bloomberg) -- Hedge fund managers can make you rich quicker than just about anyone. Sometimes, they can make you poor even faster. Just look at Amaranth Advisors LLC, the Greenwich, Connecticut-based hedge fund manager that stumb...Read more



Germans and Canadians at odds on hedge funds
Dec 01/06
All About Alpha ponders on the mystery of the trans-atlantic perception gulf regarding, well, just about everything. This time the Canadians and the Germans are at odds on hedge funds.Just a few weeks ago, the deputy governor of t...Read more



December volatility poses dilemma for hedge funds
Dec 01/06
ONDON (Reuters) - A surge of volatility on financial markets would normally be a gift for hedge funds, which thrive in such conditions, but the latest market disquiet may not energise as many of them as might be expected.Managers ...Read more



Hedge Funds ‘Big’ News, East and West
Dec 01/06
Deutsche Bank says private wealth managers can learn a lesson or two from university endowments by heaving a whole lot more money into hedge funds and the like. “Alternative investments are a big part of our investing story right ...Read more



HFs Declaring Independence From Banks?
Dec 01/06
As banks are making major moves to attract and keep hedge fund business, they may discover fewer takers in the future. The New York Times reports that the announcement this week of Citadel Investment Group?s bond issue, which come...Read more



Size Doesn’t Matter When Charging Fees
Dec 01/06
Bigger mandates awarded to hedge funds do not necessarily result in a lower fee scale, according to research by Mercer Investment Consulting. The study found did find one exception, however: international currency overlay, where t...Read more



AIMA Continues Initiative on Hedge Fund Asset Pricing and Fund Valuation
Nov 30/06
AIMA CONTINUES INITIATIVE ON HEDGE FUND ASSET PRICING AND FUND VALUATION London 30th November, AIMA, the global trade association for hedge funds today confirmed that it plans to issue further guidelines on asset pricing and fund ...Read more



Clayton Heijman Re-Appointed to AIMA Counci
Nov 30/06
CLAYTON HEIJMAN RE-APPOINTED TO AIMA COUNCILAND HIGHLIGHTS THE WIDER DISCUSSION ON HEDGE FUNDS  London 30th November, AIMA, the global trade association for hedge funds has appointed Clayton Heijman to serve on its Council represe...Read more



AIMA Responds to Bundesbank Stability Report
Nov 30/06
AIMA RESPONDS TO BUNDESBANK STABILITY REPORT  London 29th November, AIMA, the global trade association for hedge funds has responded to Deutsche Bundesbank Financial Stability Review 2006, published yesterday AIMA was disappointed...Read more



Citadel Willing To Pay Price For Data
Nov 30/06
For a firm the size of Citadel Investment Group, with more than $12 billion in assets under management, $75,000 seems like an insignificant sum to pay to find out what its competitors are up to. The question is, whether it’s worth...Read more



Hedge funds behind last week's dip, Merrill report finds
Nov 29/06
Hedge funds have often been identified as the primary driver behind scorching price gains for everything from copper to orange juice in recent years, but Merrill Lynch tries to put some actual numbers behind their activity with th...Read more



Hedge funds to set up shop in Halifax
Nov 29/06
They have referred to city 'as the next Dublin'.Three of the world's biggest hedge fund administrators will soon call Halifax home.Lured by an inexpensive, educated labour force, Citco Group Ltd., Bank of N.T. Butterfield & So...Read more



Citadel Says Hedge-Fund Profit Rose Fivefold in 2006
Nov 29/06
(Bloomberg) -- Citadel Investment Group LLC, the hedge-fund manager founded by Kenneth Griffin, said earnings by its two largest funds increased more than fivefold on gains from debt and energy investments. Net income at Citadel K...Read more



Hedge Fund Assets Zoom Past $2 Trillion
Nov 29/06
Single-manager hedge funds assets under administration have zoomed to $2.1 trillion, according to the latest semiannual survey by HFMWeek. The report found that this group of hedge funds has soared 53% in the past year, compared w...Read more



SEC to consider hedge regs at meeting
Nov 28/06
The U.S. Securities and Exchange Commission will consider two proposals on hedge fund regulation in a public meeting on Monday, Dec. 4.The regulator will consider revising "accredited investors" status, according to an S...Read more



Dummies Book Adding Fuel to Hedge Fund Fire
Nov 28/06
f hedge funds weren?t hot enough already, even overheated according to some observers, publisher Wiley has stoked the fire with a new book that aims to fan the flames of money-making ambitions of even the simplest folk. The new vo...Read more



Hedge Funds Up Sharply in October
Nov 27/06
The Greenwich-Van Global Hedge Fund Index (the "Index") returned +1.74% in October (+8.40% YTD), according to hedge fund index provider Greenwich-Van Advisors, LLC. Three of the firm's four major strategy groups have yea...Read more



Rich try unusual moves to join hedge funds
Nov 27/06
With enough money, a private jet and a house in the Hamptons are easy enough to acquire, but wealthy investors are finding they have to resort to devious tactics to get the latest must-have: a stake in the world's best hedge funds...Read more



Dual Hedge-Mutual Fund Managers Face Conflicts
Nov 27/06
Nov. 27 (Bloomberg) -- There are more than 100 mutual-fund managers who are also overseeing hedge funds. Can they fairly and effectively serve two masters? While recent academic research provides two different views, there's littl...Read more



Morningstar hedge fund data could create new challenges
Nov 27/06
DETROIT - Morningstar Inc., making good on a three-year-old commitment to help better define a heretofore opaque hedge fund industry, is within weeks of rolling out what will be among the most comprehensive hedge fund research dat...Read more



Hedge fund to sell its 15% stake in Cinram
Nov 27/06
The Canadian arm of U.S. hedge fund Amaranth Advisors LLC plans to sell its 15 per cent stake in Toronto-based Cinram International Income Fund (TSX: CRW.UN), according to documents filed with Canadian securities regulators.Amaran...Read more



Hedge managers get top dollar, says survey
Nov 27/06
Hedge fund chief executives earned $4.5 million on average, according to an executive compensation survey of hedge funds. Infovest21 LLC, based in New York, conducted the survey during October and November and included data from m...Read more



Ontario Teachers' Pension Plan to acquire US$2.4bn marine container terminal
Nov 27/06
Ontario Teachers' Pension Plan has agreed to acquire four marine container terminals in North America from Orient Overseas (International) of Hong Kong for US$2.4bn. The assets will be held within the pension plan's infrastructure...Read more



Hedge fund loans pose risk: Sprott
Nov 24/06
Bank lending may threaten system.TORONTO -- As stock indexes in North America climb to records, influential Canadian money manager Eric Sprott is sticking to his belief that stocks are in a bear market and risks of a big slump in ...Read more



Citigroup Sees Turn of the Year Hedge Fund Bonanza
Nov 24/06
LONDON (Reuters) - Citigroup Private Bank has been telling its wealthy clients that now may be the best time to put their money into hedge funds.Studying nearly 16 years of returns among the popular alternative investment, the wea...Read more



BluMont to merge funds
Nov 23/06
BluMont Capital is proposing to merge its Strategic Partners Hedge Fund with its Canadian Opportunities Fund. The firm has scheduled a special meeting of unitholders for December 29 to vote on the plan. The firm says that the inve...Read more



Hedge fund demand to grow, says expert
Nov 22/06
Following on from the Financial Services Authority's (FSA's) consultation on hedge funds next year, more people will be likely to want to invest in them, says the chief executive of IFA Promotion.David Elms has spoken of his belie...Read more



Hedge funds 'not for man on the street'
Nov 22/06
It is doubtful whether retail sales of hedge funds will be offered to "the man in the street" anytime soon, according to new claims.The Alternative Investment Management Association (AIMA) says that the hedge fund indust...Read more



S&P to Launch Operational Risk Ratings
Nov 22/06
NEW YORK (HedgeWorld.com)—As investors are giving increased attention to the issue of transparency, rating agencies are listening and slowly adopting new criteria for rating hedge fund managers. The latest breakthrough finds Stand...Read more



CEOs, Portfolio Managers Top Pay Survey
Nov 22/06
Chief executive officers and portfolio managers are the highest paid hedge fund positions, according to the latest compensation survey by Infovest21. According to the poll of 50 HF management firms, CEOs received an average annual...Read more



Hedge Funds Way Up In Land Down Under
Nov 22/06
Australia currently accounts for just 1-3% of the global hedge fund industry, but don’t let that figure fool you: Hedge funds are rocking in the land down under. According to a report by the Reserve Bank of Australia, HF assets ha...Read more



VegaPlus Commodities Hedge Fund Quit Gas, Avoided Amaranth Fate
Nov 21/06
(Bloomberg) -- Julian Barrowcliffe's Anglian Commodities Fund exited the natural gas market almost a year before Amaranth Advisors LLC, another hedge fund, was destroyed by plunging energy prices. Barrowcliffe steered his $497 mil...Read more



Citco joins influx of hedge funds locating in Halifax
Nov 21/06
HALIFAX -- Citco Group Ltd., one of the world's largest hedge fund administrators, will announce today it is opening an office in Halifax with plans to eventually employ about 350 people.The operation will include the fund adminis...Read more



Toronto hedge funds may take on New York
Nov 20/06
 OTTAWA - Could Toronto eventually take on New York as a hub for the North American hedge fund market?Or is it doing so already?After all, "Toronto's hedge fund industry is beginning to attract the attention of the capital ma...Read more



Halifax Bids for Piece of Titanic Hedge Fund Industry
Nov 20/06
Halifax, Nova Scotia, once the principal North American hub for Britain’s Royal Navy and famously the final resting place for many Titanic dead, is aiming for a new, lucrative claim to fame.The city, where temperatures in January ...Read more

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