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Friday, April 19, 2024

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Risk ratings developed for hedge funds
Aug 24/06
By Anuj Gangahar in New YorkFinancial TimesUpdated: 12:40 a.m. ET Aug 24, 2006Several of the world's largest ratings agencies are developing wide-ranging credit and risk ratings on hedge funds and their managers, pushing the $1,20...Read more



NFL Seeks to Dismiss Hedge Fund Lawsuit
Aug 23/06
The National Football League and the National Football League Player's Association are asking that the lawsuit filed against them by a few current and former NFL players be dismissed on the grounds that the players are responsible...Read more



Thinking small brings big returns
Aug 23/06
Six months ago, Eric Sprott did a funny thing for a business owner: He turned away customers.Scores of investors wanted into the Sprott Opportunities Hedge Fund; why wouldn't they, after two years of 40-per-cent gains? They phoned...Read more



Commodity investors
Aug 23/06
By Daniel MagnowskiLONDON (Reuters) - Investors in commodities should look to actively managed hedge funds rather than passive indexes to get exposure to the asset class, UBS Wealth Management said on Wednesday.Actively managed fu...Read more



Commodity investors should look to hedge funds-UBS
Aug 23/06
 LONDON, Aug 23 (Reuters) - Investors in commodities should look to actively managed hedge funds rather than passive indexes to get exposure to the asset class, UBS Wealth Management said on Wednesday. Actively managed funds can t...Read more



Struck-down SEC requirement may still improve hedge fund compliance
Aug 23/06
The U.S. Securities and Exchange Commission’s short-lived effort to require hedge fund registration may end up improving hedge fund industry compliance, even though the requirement was struck down, suggests new research from Green...Read more



Stars sued in hedge fund lawsuit
Aug 22/06
Sylvester Stallone has joined a list of celebrity investors facing a lawsuit after the collapse of Lipper Convertibles, a failed hedge fund, according to published reports.In 1997, Mr. Stallone invested $2.5 million in the fund an...Read more



Sears Holdings' bid for Canada unit blocked
Aug 21/06
OTTAWA - Ontario's securities regulator has thwarted Sears Holdings Corp.'s effort to complete a controversial $805.4 million buyout of its Canadian subsidiary Sears Canada Inc. of Toronto. The Ontario Securities Commission ruled ...Read more



RBC Hedge 250 Index (investable) returned -0.11 per cent in July 2006, YTD 4.84%
Aug 17/06
RBC Capital Markets today reported that for the month of July 2006 the RBC Hedge 250 Index® had a net return of -0.11 per cent. This brings the year-to-date return of the Index to 4.84 per cent. These returns are estimated and wil...Read more



Standard & Poor’s Fund Services warns fund-of-hedge-fund investors
Aug 16/06
Standard & Poor’s Fund Services has issued a warning to investors in funds-of-hedge-funds based on its latest research on the sector.“Investors may need to think carefully about market conditions despite hedge funds’ general a...Read more



MFA to SEC: Clarify hedge rules
Aug 10/06
The Managed Funds Association wants more "regulatory certainty" from the Securities and Exchange Commission regarding hedge funds, according to published reports.Following the SEC's June decision to accept a court ruling...Read more



Banks Beating Bushes For Hedge Fund Biz
Aug 09/06
Banks are stepping up the “land war” to grab a share of the hedge fund prime broking market, the Financial Times reports. At stake is up to $25 billion a year in fees from HFs, which are enjoying all the attention. While big hedge...Read more



Hedge funds slip in July
Aug 08/06
Hedge fund performance was pretty much flat in July, with the Barclay Hedge Fund Index slipping 0.07%. Most of the loss was attributed to getting overall market direction wrong."Once again, we're seeing equity-based direction...Read more



Norshield report to come in September
Aug 08/06
The potential recoveries aren't looking any better for Olympus hedge fund investors, nor is the principal cooperating quite as much as he has privately told investors, says RSM Richter in its latest update. Richter is the receiver...Read more



SEC won't appeal hedge fund rule
Aug 08/06
The Securities and Exchange Commission said yesterday that it will not appeal a court decision that overturned a rule requiring hedge fund advisers to register with the regulator.The decision comes a month and a half after a Distr...Read more



AIMA welcomes SEC non-appeal decision
Aug 08/06
AIMA, the global trade association for hedge funds welcomes the SEC decision not to appeal against the decision of the US Court of Appeals to strike down their Rule amendments, which required hedge fund registration. Commenting on...Read more



TSX and Nymex: Perfect Together?
Aug 07/06
lthough the potential alliance between the Toronto Stock Exchange (TSX) and the New York Mercantile Exchange (Nymex) remains officially unconfirmed at press time, the industry is buzzing about its possible implications. Reportedly...Read more



Former CIBC Director Flynn Is Cleared in SEC Late-Trading Probe
Aug 04/06
Bloomberg reports that Paul Flynn, a former managing director at Canadian Imperial Bank of Commerce, was cleared of wrongdoing in a U.S. Securities and Exchange Commission probe of late trading in mutual-fund shares. Administrativ...Read more



AIMA Highlights the New Regulatory Capital Changes
Aug 01/06
London 1st August, AIMA, the global trade organisation for hedge funds today highlighted the implementation of the Capital Requirements Directive (CRD), introduced by the European Union. The new Directive, based in part on the exi...Read more



Fairfax Restates Earnings
Aug 01/06
Days after filing a suit against hedge funds for conspiring to bring down its share price, Canadian insurer Fairfax Financial announced it would have to restate its earnings. Fairfax has identified a number of accounting errors ar...Read more



Tough times continue for hedge funds
Aug 01/06
Another volatile month lead to flat or negative returns for most categories. By Amanda Cantrell, CNNMoney.com staff writerAugust 1 2006: 4:11 PM EDTNew York (CNNMoney.com) -- Hedge fund performance was roughly flat through the thi...Read more



Man Buys USFE
Jul 31/06
Man Group has bought a stake in U.S. Futures Exchange, the company announced. The transaction will allow the fund operator to increase its trading volume and expand its product offering to its brokerage clientele. The USFE purchas...Read more



Canadian buy-side firms switching to e-trading
Jul 31/06
Institutional equity investors in Canada have been slower than their US counterparts to embrace dealing technology, but many Canadian buy-side firms are now gearing up for a "significant" move into electronic trading, sa...Read more



Morningstar Direct Gets an Upgrade
Jul 31/06
CHICAGO (HedgeWorld.com)—Morningstar Inc. of late has continued to ramp up its push into the hedge fund sphere, last week announcing that its Morningstar Direct platform now includes information on equity holdings for 600 of the l...Read more



Alternative energy guru preps regional indices
Jul 31/06
In an exclusive interview with FINalternatives, founder and ceo of two clean energy incidences, Dr. Robert Wilder, had some good news and some bad news for hedge fund managers eager to take advantage of the growth in clean energy....Read more



Q2 sees biggest jump in new hedge fund inflows since 2003
Jul 28/06
Fri, 28 Jul 2006The hedge fund industry attracted USD 42.1 billion in new money in 2Q 2006, bringing total industry assets under management to USD 1.225 trillion, according to data released today by Hedge Fund Research, Inc. (HFR)...Read more



BluMont Capital Launches BluMont Man-IP 220 Series 4 Notes
Jul 27/06
TORONTO, ONTARIO -- (MARKET WIRE) -- July 27, 2006 -- BluMont Capital Inc. ("BluMont")(TSX VENTURE: BCC) is pleased to announce that its wholly-owned subsidiary, BluMont Capital Corporation, has launched its fourth serie...Read more



Second Canadian Company Blames Shorting
Jul 26/06
Following the example of money-losing drug maker Biovail, a second Canadian company has filed suit against a group of hedge funds, blaming short selling for the firm's woes. Fairfax Financial Holdings announced Wednesday it has fi...Read more



SEC's Cox Says Hedge Fund Regulation Is `Inadequate'
Jul 25/06
July 25 (Bloomberg) -- U.S. Securities and Exchange Commission Chairman Christopher Cox said hedge funds aren't being regulated enough and Congress may have to pass laws requiring more oversight of the industry with $1.2 trillion ...Read more



Quebec's regulator irks hedge fund investors
Jul 24/06
OTTAWA - Quebec's Securities regulator, Autorit%E9; des march%E9;s financiers, is under fire from outraged investors in a bankrupt Montreal hedge fund, Norshield Financial Group, once one of Canada's largest hedge fund companies. ...Read more



Canada's M&A boom a nightmare for regulators
Jul 24/06
OTTAWA - The torrid Canadian mergers-and-acquisitions sector has gone international, making it a dream for U.S. and European hedge funds, which have the resources and the market knowledge needed to make plays, and a nightmare for ...Read more



Morgan Stanley's Mack Faces SEC Interview on Pequot
Jul 21/06
Bloomberg) -- Morgan Stanley Chief Executive Officer John Mack will be interviewed by the U.S. Securities and Exchange Commission in connection with a probe into possible insider trading at hedge fund Pequot Capital Management Inc...Read more



RBC Hedge 250 Index returned -0.47 per cent in June 2006
Jul 20/06
The RBC Hedge 250 Index® had a net return of -0.47 per cent in June bringing the year-to-date return of the Index to 4.96 per cent. These returns are estimated and will be finalised by the middle of next month.  In addition the re...Read more



Hedge Funds Pile Into European Loans, Cut Costs as Rates Rise
Jul 18/06
July 18 (Bloomberg) -- At a time when interest rates and defaults are rising, Europe's lowest-rated companies are having no trouble getting loans. More than 100 European borrowers that can't get investment- grade credit ratings, f...Read more



Advisers Say They Carry Heavy Portus Burden
Jul 17/06
Investors in Portus Alternative Asset Management may have lost a lot of money, but the ones who advised them to put their money in PAAM in the first place say they have lost something equally valuable – their reputations. “My cred...Read more



Lipper sets sights on Canada
Jul 17/06
On the surface, a press release issued jointly by the Canadian Investment Funds Standards Committee and Lipper on July 5th that detailed a partnership to better decode the Canadian mutual fund industry seemed simple enough, but on...Read more



Hedge fund performance drops
Jul 12/06
Global equity markets were down last month and hedge fund returns followed suit, dropping for the second month in a row in June. Performance measured by the Barclay Hedge Fund Index shows a slide of 0.32% during the month, followi...Read more



Portus receiver to seek MNPF investors
Jul 12/06
The receiver in the Portus affair has issued its second report on the Market Neutral Preservation Fund and the related MNB Trust, recommending that both the fund and the trust be wound up. As receiver, KPMG has also asked the cour...Read more



RadioShack Spurring Turnaround Interest
Jul 12/06
Speculation RadioShack might be in play is not lost on one contrarion. Hall Financial disclosed its longtime 5.64% RadioShack stake Tuesday as well as its assertion the company is poised for a turnaround. RadioShack renewed invest...Read more



Canada's finance minister tackles securities cop issue
Jul 10/06
OTTAWA - Canadian Finance Minister Jim Flaherty isn't making much progress in the latest battle to create a national securities regulator. But it has been a long war, with many more battles yet to ensue. - Advertisement -Mr. Flahe...Read more



Long/Short Hedge Fund Strategies Lose Favor- Survey
Jul 07/06
 LONDON -(Dow Jones)- Investors are pulling back their allocations to hedge funds specializing in European long/short equities strategies for the first time in at least three years, Geneva-based hedge fund advisory firm TARA Capit...Read more



Penson Ventures Launches Market Essentials Group in Canada
Jul 07/06
Penson Ventures, Inc., an subsidiary of Penson Worldwide, Inc. (NASDAQ: PNSN), today announced the launch of the Market Essentials Group (MEG), a company developed to coordinate outsourced, non-clearing services to brokerages and ...Read more



Hedge-Fund Fraud Is `Emerging Threat,' McNulty Says
Jul 07/06
July 7 (Bloomberg) -- Fraud in the $1.2 trillion hedge-fund industry poses an ``emerging threat'' to investors, the head of the Bush administration's task force on corporate crime said in an interview. Deputy Attorney General Paul...Read more



Man Investments to form Canadian subsidiary
Jul 06/06
New operations based in Toronto will offer broad range of alternative investment products  July 6, 2006 –Toronto, Ontario - Man Investments, one of the world’s largest providers of hedge fund investments, today announced the openi...Read more



Eurekahedge launches world`s largest Shariah-compliant fund database
Jul 05/06
Eurekahedge announces the launch of the largest Shariah-compliant fund database: the Eurekahedge Islamic Fund Database and Directory. The database launched with 312 funds compliant with Shariah law. The specialist funds are compre...Read more



U.S. hedge fund kicks the Tire
Jul 04/06
It has been a quiet month on the surface for Canadian Tire Corp. since New York hedge fund manager William Ackman stirred up a flurry of interest in the retailer.But behind the scenes, a report on Canada's largest general goods ch...Read more



Scotiabank, RBC to reap tax gain in Sears takeover
Jul 04/06
Two Canadian banks will save $79-million in income tax under a deal they signed earlier this year to throw their support behind a bitter takeover bid for Sears Canada Inc., an Ontario Securities Commission hearing heard yesterday....Read more



Europe's hedge funds want to opt out of U.S. rules
Jul 04/06
LONDON (MarketWatch) -- As hedge fund managers in the U.S. brace for a new round of regulation, their counterparts in Europe are looking for ways to prevent it from applying to them. European hedge fund managers with investors bas...Read more



Hedge funds fall flat in June
Jul 03/06
Hedge funds are down slightly in June, an improvement over last month's negative numbers.NEW YORK (CNNMoney.com) -- Hedge funds appeared headed for another negative month, an industry tracker found, though the losses do not appear...Read more



Morningstar puts hedge fund data online
Jun 29/06
Subscribers of Morningstar Direct, a web-based institutional research platform, have had access to the complete hedge fund database since 2005, and the newest edition of Morningstar Direct will include hedge fund research reports ...Read more

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