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UBS to shutter hedge fund
UBS AG will close its two-year-old Dillon Read Capital Management hedge fund unit, the bank said today according to published reports.
Hedge funds gain 26% 2006
The hedge fund industry grew by a healthy 26% in 2006, despite energy market volatility and several hedge fund blowups, according to Hennessee Group LLC’s 2006 Hedge Fund manager survey.
Japan to eye hedge funds
Japan's Financial Services Agency said today that it will begin monitoring hedge funds that operate in Japan, according to published reports.
Fewer securities class actions in 2006
The number of federal securities litigation class actions hit a record low of 106 cases last year compared to 169 in 2005, although settlement values remained high, according to a PricewaterhouseCoopers study released today.
Hedge managers joins billionaire’s club
The money made last year by top hedge fund managers is putting traditional Wall Street pay packages to shame, according to a report in Alpha magazine.
Bigfoot hedge funds capture capital
The 100 largest hedge funds now control about 70% of hedge fund money, up almost 20% from 2003, according to Morgan Stanley's prime-brokerage unit, says a Wall Street Journal report.
Hedge funds post record-breaking inflows
The hedge fund industry posted record inflows of more than $60 billion during the first quarter, bringing total assets under management to $1.57 trillion, according to data released today by Hedge Fund Research Inc.
Multistrategy hedge funds dazzle investors
Despite being associated with one of the largest hedge fund implosions in recent memory, the multistrategy hedge fund model continues to represent the gold standard for much of the $1.2 trillion industry.
Vanguard program draws hedge fund shares
Hedge fund shares fast are becoming an important source of new donations for the Vanguard Charitable Endowment Program.
Citigroup negotiates for hedge fund
Citigroup Inc. is in talks to purchase Old Lane LP, a hedge fund run by former Morgan Stanley executive Vikram Pandit for more than $600 million, according to a Wall Street Journal report.
Hedge funds beating many indexes
The Greenwich Global Hedge Fund Index rose 0.98% in March, bringing year-to-date returns to 2.82%, according to a preliminary report released today by Greenwich Alternative Investments LLC.
Beacon Rock faces market timing charges
In the first criminal case against a hedge fund for market timing, Beacon Rock Capital LLC and a former broker were charged with defrauding mutual funds of $2.4 million.
OppenheimerFunds’ Rochester unit rakes in the cash
BOSTON — Municipal bonds — which finance projects such as roads and sewers — may not be the sexiest investments, but if investor inflows count for anything, OppenheimerFunds Inc.’s Rochester unit looks like Sophia Loren.
SEC weighs raising bar on private-equity pools
The Securities and Exchange Commission is considering whether to raise the financial bar for investing in private-investment pools other than hedge funds.
200 have filed comments on SEC hedge fund plan
WASHINGTON — The SEC’s efforts to protect hedge fund investors have stirred up free market enthusiasts, who are making it clear they don’t want the government limiting their investment options.
Hedge fund group to price IPO Feb. 8
Fortress Investment Group LLC will price its initial public offering on Feb. 8, making it the first hedge…
Former hedge fund manager indicted for fraud
The former head of a Hailey, Idaho-based hedge fund was indicted on criminal charges that he carried out a fraudulent scheme that bilked investors out of $88 million, the U.S. Attorney's office said yesterday.
