Hedge Funds
The latest hedge funds news to help advisors understand how these alternative investments can help boost portfolio returns and reduce risk.
SEC Will Not Appeal Goldstein Ruling
By Melanie WaddellSEC Commissioner Christopher Cox said August 7 that the SEC will not appeal the D.C. Circuit Court of Appeals' decision in Goldstein v. SEC, which struck down the SEC's hedge fund manager registration rule.
August 07, 2006
20 Billion Euro Opportunity for Spain's Onshore FundsSpain's onshore single hedge fund and fund of funds market will be worth between 18 billion and 20 billion euro by 2010 according to a July 30 report published by Paris-based hedge fund research company Asterias. The report, titled Spain Outlook--July 2006, was based on information gathered from banking professionals,...
August 07, 2006
Polygon Blocks ?346 million Telent SalePolygon, the activist hedge fund, succeeded today in blocking a ?346 million ($654 million) bid for Telent, the rump of Marconi, the telecom equipment maker. Polygon is the biggest shareholder with a 24% stake held through its Global Opportunities Master Fund.
August 07, 2006
AIMA Assesses New E.U. Regulatory Capital ChangesThe Alternative Investment Management Association, the global trade organization for hedge funds, is highlighting the likely impact of the Capital Requirements Directive being introduced by the European Union. The key changes are to come into effect by Jan. 1, 2007.
August 01, 2006
Regulatory Limbo for Hedge FundsExperts say hedge fund advisors who registered with the Securities and Exchange Commission in response to the now-shelved hedge fund rule aren't likely to see...
July 31, 2006
ERISA Assets Demand FocusHedge funds that accept investments from pension plan sponsors subject to the Employee Retirement Income Security Act of 1974 (ERISA) should take extra care to ensure security valuations are accurate and fair, that they are carried out by independent parties, and that valuation policies are clearly disclosed to and understood...
July 31, 2006
Gnomes of BaselThe Japanese regulator has been working with the nation's major banks for some time on implementing Basel II recommendations with many Japanese banks facing true internal ratings based (IRB) method implementation by March 31, 2008. Speaking at a recent AIMA breakfast in Hong Kong, Christopher Wells, a Tokyo-based partner at...
July 31, 2006
Spain's Regulator Gives Three Funds the NodMADRID, Spain (HedgeWorld.com)--The Comisi'n Nacional del Mercado de Valores, Spain's market regulator, is reported to have date-registered three asset managers who will thus be allowed to set up single hedge funds and funds of hedge funds. A total of 16 entities have requested registration--all major domestic institutions--and it is expected...