Hatteras Registered Funds Scheduled to Hit the Market
By Staff WriterRALEIGH, N.C. (HedgeWorld.com)--Hatteras Investment Partners' move from the wealth management and endowments to hedge funds will solidify later this year with the launch of its first SEC-registered funds of funds. Hatteras Multi-Strategy Fund I and II will be launched as soon as April 1 with an amendment forthcoming to change...
February 17, 2005
NASD Acts On Brokerage Commission AllegationsThe National Association of Securities Dealers Inc., Washington, is weighing in on mutual fund compensation arrangements.[@@]The self-regulatory agency is examining 10 to 20 companies ...
February 17, 2005
Securian Promotes WisdorfNU Online News Service, Feb. 17, 2005, 2:12 p.m. ESTA St. Paul, Minn., insurer has given a field development specialist a new title.[@@]The insurer, ...
February 17, 2005
Yes, Some New Hedge Fund Rules Start TodayCHICAGO (HedgeWorld.com)--Rules that expand the U.S. Securities and Exchange Commission's oversight of the hedge fund industry went into effect today, making Feb. 10 the demarcation line between the "old" era of lighter federal regulation and the "new" regime that requires most hedge fund managers with U.S. clients to register with...
February 17, 2005
Bank of America Units to Pay Market-Timing FinesWASHINGTON--The U.S. Securities and Exchange Commission ordered mutual fund and broker-and-clearing-firm arms of Bank of America to pay US$375 million to settle charges of market...
February 17, 2005
A Free Market Program: From the CFTC's Chair to the ABA's EarsKEY WEST, Fla. (HedgeWorld.com)--The acting chair of the Commodity Futures Trading Commission gave the keynote address at a Feb. 4 meeting of the American Bar Association's committee on the regulation of futures. She outlined the principles that guide her discharge of her duties and the tasks that lie ahead, both...
February 17, 2005
SEC Likely to Scrutinize Advisers' Adherence to Disclosed Investment StrategiesTraditionally, hedge fund advisers have been accustomed to investing pursuant to vaguely drafted investment guidelines that permit a wide range of possible investment options. A typical hedge fund private placement memorandum might include language stating: To accomplish this objective, the Fund will employ its research-driven investment process, balance longs and...
February 16, 2005
Koster To Head ACORDNU Online News Service, Feb. 16, 2005, 7:09 p.m. ESTA key insurance technology standards group has chosen a future leader.[@@]The Association for Cooperative Operations ...