Former Commerzbank Executives Start Hedge Fund Business
By Staff WriterNEW YORK (HedgeWorld.com)--Mark Richardson, global head of derivatives at Commerzbank Securities, has joined Mehmet Dalman, former head of Commerzbank Global Equities, in building a new hedge fund-oriented asset management firm, London-headquartered WMG. Started in October, WMG is conceived as a broad-scope service provider to high-net-worth individuals, private banks and investment...
November 12, 2004
NAIC Prepares Response To Broker ProbesState insurance commissioners are preparing inquiry letters to brokers and companies to address allegations about bid-rigging and problems with undisclosed broker compensation arrangements.[@@]Commissioners also ...
November 12, 2004
Hedge Fund Changes Seen within Broad Asset Management Industry EvolutionNEW YORK (HedgeWorld.com)--Common distribution platforms that include hedge fund products as well as mutual funds, annuities, separate accounts and insurance are the future business model for asset management companies, according to Steven Buller, Ernst & Young's Americas director and global co-director of asset management services. Mr. Buller was speaking at...
November 12, 2004
Art Institute Paints a Smaller Picture for Hedge Funds in Investment LandscapeCHICAGO (HedgeWorld.com)--The board of trustees at the Art Institute of Chicago is ready to put the poor investments of the past behind it but will keep hedge funds as part of a newly restructured asset allocation for its endowment fund. The endowment became the poster child for improved investor due...
November 12, 2004
Probe Touches Web BrokerNU Online News Service, Nov. 12, 2004, 5:15 p.m. ESTQuotesmith.com Inc., Darien, Ill., says it belongs to the rapidly growing ranks of insurance sales ...
November 12, 2004
Insurer Hires Merrill Lynch Retirement SpecialistNU Online News Service, Nov. 12, 2004, 4:33 p.m. ESTHartford Life Inc., Hartford, has hired Don MacQuattie to be assistant vice president and director ...
November 12, 2004
Regulators Ask Hartford Unit About Fund PracticesNU Online News Service, Nov. 12, 2004, 5:33 p.m. ESTThe U.S. Securities and Exchange Commission has started asking questions about use of "directed brokerage" ...
November 12, 2004
Boston Man's Alleged Trail of Deception May Reach an EndBOSTON (HedgeWorld.com)--For the past 10 years, Treyton L. Thomas has moved through life claiming to be a fabulously successful hedge fund manager, dispenser of political wisdom, philosopher, ace student and fountain of business insight. But according to civil charges filed Nov. 1 by the Securities and Exchange Commission, Mr. Thomas...