General News




U.S. hedge fund walloped on bad gas bet
Sep 19/06
Canadian investments take market hit; Amaranth may have lost 35% of capitalJOHN PARTRIDGE INVESTMENT REPORTER; With files from reporters Andrew Willis and Sinclair StewartA major U.S. hedge fund with strong links to Canada appears...Read more



Analysts fear hedge fund losses in energy market tip of iceberg
Sep 19/06
Other large investors seen heavily exposedSHAWN MCCARTHY OTTAWA -- Analysts are predicting more financial carnage after one massive hedge fund told its investors that it is facing severe losses from enormous bets in the energy fut...Read more



Amaranth, Eight Years After LTCM, Shows Lapse in Risk Control
Sep 19/06
(Bloomberg) -- Eight years after the collapse of Long-Term Capital Management LP, the hedge fund industry is still struggling to manage trading risks. Amaranth Advisors LLC of Greenwich, Connecticut, yesterday told investors it lo...Read more



Cinram Rejects Amaranth's Request to Hire Adviser
Sep 19/06
(Bloomberg) -- Cinram International Income Fund rejected calls from Amaranth Advisors LLC, its largest investor, to put itself up for sale, saying the hedge fund's problems led to the drop in the Canadian DVD maker's unit price ye...Read more



Friedberg Mercantile Group announces the launch of prospectus for multi-strategy fund
Sep 19/06
Company also announces related wind-up of existing commodity pool funds Tuesday, September 19, 2006 By  IE StaffFriedberg Mercantile Group Ltd., manager of the Friedberg group of investment funds, announces the launch of a new, pr...Read more



Aeneas Hedge Fund Faces Probes in U.S and Malaysia
Sep 18/06
(Bloomberg) -- Aeneas Capital Management LP, the hedge fund company run by former SAC Capital Advisors LLC money manager Thomas Grossman, is under investigation by regulators in the U.S. and Malaysia after bets on Malaysian stocks...Read more



A Hedge Fund Managed by Landry Morin is Ranked First in its Category
Sep 18/06
MONTREAL (CCNMatthews) - In its most recent edition, the US based Barclay Managed Funds Report ranks the Landry Morin long short momentum Fund first among equity market neutral hedge funds for the 3 years ended June 30th 2006. The...Read more



Hedge fund fights to keep 'trade secrets'
Sep 18/06
Hedge fund fights to keep 'trade secrets'Disclosure challenge Lori McLeodFinancial PostMonday, September 18, 2006Is forcing hedge funds to reveal which stocks they own the equivalent of making Coca-Cola spill the beans on the top ...Read more



Caymans are a hedge fund paradise
Sep 18/06
he Cayman Islands Monetary Authority of George Town, Grand Cayman, last week said that it has increased its hedge fund jurisdiction by 2,000 funds, or 33%, since the beginning of 2005, including more than 1,000 new ones in the fir...Read more



Thomson Financial Launches Thomson ONE Hedge Fund Trader; Thomson ONE Hedge Fund Manager
Sep 18/06
Both Provide Direct Access to Industry-leading Financial Analytics and Trading Sources NEW YORK, NY, 09/18/2006, Thomson Financial, an operating unit of The Thomson Corporation (NYSE: TOC; TSX: TOC) and leading provider of informa...Read more



Hedge Funds Need Better Public Relations
Sep 18/06
The way John Maltby sees it, hedge funds need to do a better job at their own public relations, or else suffer the consequence of being misidentified. Speaking at MARHedge forum in Europe, the senior V.P. at Stamford, Conn.-based ...Read more



Hedge Fund Fixed-Income Trading Volumes Soar
Sep 14/06
The already considerable influence of hedge funds in US fixed-income markets increased last year as hedge fund trading volume soared between Q1 2005 and Q1 2006. Overall US fixed-income trading volumes — including bonds and deriva...Read more



Home Depot Stock in Surge Amid Lampert Rumor
Sep 14/06
Stock in Home Depot Inc. climbed amid a rumor Edward Lampert wanted to build a stake in the Atlanta-headquartered company. Stock in Home Depot, the largest home-improvement retailer worldwide, rose 3.94%, or $1.38, to $36.44 Tuesd...Read more



BluMont Strategic Partners Hedge Fund Announces Normal Course Issuer Bid
Sep 14/06
TORONTO (CCNMatthews) - BluMont Strategic Partners Hedge Fund (the "Fund") (TSX:BSP.UN) today announced that the Toronto Stock Exchange (the "TSX") has accepted a notice filed by the Fund of its intention to ma...Read more



SEC To Watch Broker-Dealer, Hedge Fund Ties
Sep 13/06
By Jaime Levy Pessin Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The Securities and Exchange Commission will be monitoring hedge funds through their dealings with broker dealers, and those relationships will come under more scru...Read more



Barclays Capital links up with S&P to offer trading ideas
Sep 13/06
From the FT: Barclays Capital, the investment banking unit of Barclays, is to strengthen its equity derivatives franchise by offering trading ideas inspired by equity research produced by Standard & Poor's. Barcap has been mos...Read more



Amber Certifies 28 Funds, Sees 50 By Year-end
Sep 13/06
LONDON (Hedgeworld.com)—Amber Partners, an independent advisory firm, has completed certification of 28 hedge funds and expects to raise that number to 50 by the end of 2006. Amber started offering its services in late 2005 Previo...Read more



Hedging your bets, both long and short
Sep 12/06
It's not just long-only investors who are hurting from the continuing fall in the price of oil and natural gas and its effect on the stock prices of energy companies.Investors who have handed some cash to funds that go both both l...Read more



Funds of hedge funds downgrade forecasts
Sep 12/06
By Nigel DaviesLONDON (Reuters) - Fund of hedge fund managers have downgraded expectations for returns over the next six months as global growth and a commodities bull run have cooled, according to a Reuters poll on Monday.The qua...Read more



S&P revises hedge fund rating method, eyes growth
Sep 12/06
NEW YORK, Sept 12 (Reuters) - Standard & Poor's on Tuesday released enhanced criteria for rating hedge funds, a market segment expected to grow as investors and regulators press for greater transparency.The updated criteria in...Read more



Investors Snoop On Hedge Funds
Sep 12/06
Maybe unbeknown to hedge funds is the growing trend of potential investors checking out managers and firms before checking in with their money. In fact, according to the Pittsburgh Post-Gazette, business is booming in the new indu...Read more



Citigroup reshuffles hedge fund execs
Sep 11/06
Chief executive of Citigroup's Tribeca Global Management unit, Tanya Styblo Beder, stepped down from her post last week and Dean Barr, who heads liquid investments at Citigroup Alternative Investments, will step into the position ...Read more



Financial markets to mark 9/11
Sep 08/06
On Monday, in various ways, financial markets and institutions will mark the fifth anniversary of the terrorist attacks that took place on September 11, 2001 in New York and Washington.The New York Stock Exchange will observe a mo...Read more



Withdrawal Symptoms Hit Investable Indices
Sep 08/06
Investors appear to be getting wise to the fact that investable hedge funds are falling down on the job of tracking the industry and are taking their money elsewhere. According to The Wall Street Journal, the investable indices th...Read more



The $25K Cure For The Moody's Blues
Sep 08/06
A little publicity is turning into a big business move for Moody's Investors Services. Just a couple of days after trumpeting the launch of its hedge fund rating service and projecting 20 such ratings by year's end, the firm's Kev...Read more



Scotia Capital brings Canadian hedge funds to Milan roadshow
Sep 08/06
Scotia Capital Presents the Canadian Hedge Funds ForumMILAN, Italy, September 7 Join top Canadian hedge fund managers as they discuss the market trends associated with this rapidly expanding industry. The forum will provide sophis...Read more



The Caisse de dépôt et placement du Québec puts in place its investment division team
Sep 08/06
MONTREAL, Sept. 8 /CNW Telbec/ - Richard Guay, Chief Investment Officer of the Caisse de dépôt et placement du Québec, is pleased to announce the appointment of Christian Pestre as Executive Vice-President and Chief Strateg...Read more



Canadian Pension Seeks First Hedge Fund Managers
Sep 08/06
The Toronto Transit Commission, with CAD3.1 billion in total assets, will take its first hedge fund stake and plans to hire at least two fund-of-hedge-funds managers for mandates worth CAD50 million each. It plans to invest in por...Read more



Man's Fink to Step Down as Chief; Clarke to Take Over
Sep 07/06
(Bloomberg) -- Stanley Fink, who built Man Group Plc into the world's largest publicly traded hedge-fund manager, is stepping down as chief executive officer after almost two decades at the company and as returns in the industry d...Read more



Hedge Fund Ratings not a Substitute for Due Diligence
Sep 07/06
Standard & Poor's decision to start rating hedge funds has been welcomed as "generally a good thing" by an asset management company, although it has warned that there is no substitute for due diligence.Although hedge...Read more



CIBC introduces “Low-Minimum” hedge fund
Sep 06/06
Sole Canadian bank to offer investors access to Gottex Fund Management expertise Wednesday, September 6, 2006 By  IE StaffCIBC Asset Management Inc. today announced the launch of CIBC Market Neutral Fund, which provides exposure t...Read more



Phelps Dodge Drops Inco Bid
Sep 06/06
Hedge fund Atticus Capital got what it wanted when mining company Phelps Dodge dropped its bid for Canadian nickel miner Inco on Tuesday. Inco is supporting a rival bid by Brazilian mining giant Vale do Rio Doce. Inco will pay Phe...Read more



Thomson Financial signs strategic enterprise agreement with Tullett Prebon Information
Sep 06/06
Thomson Financial has signed a strategic enterprise agreement with Tullett Prebon Information, a leading provider of real-time and end-of-day price information from the wholesale, brokered financial markets.Under the terms of the ...Read more



Moody's Rates Hedge Funds
Sep 05/06
Rating company Moody's Investors Service has begun evaluating and assigning operations quality ratings to hedge funds. According to Moody's, hedge fund portfolios often lack transparency and are difficult to value. Also, since fun...Read more



Canadian Fund Closing Down
Sep 05/06
Savoy Capital Management is going out of business, according to a report. MARHedge said the fund operator is liquidating its flagship Gladiator Absolute Return Canadian Equity Fund. The report said the fund has underperformed and ...Read more



Pershing to Acquire More of McDonalds
Sep 05/06
Fast food giant McDonald's Corp. announced Friday it has been notified by Pershing Square Capital the hedge fund plans to acquire in excess of $793.8 million of the company's stock. According to a filing with the Securities and Ex...Read more



Mosaid to Review Strategic Alternatives
Sep 05/06
OTTAWA, Ont. (HedgeWorld.com)—The board of a Canadian company that licenses intellectual property to semiconductor manufacturers said Tuesday [Sept. 5] that it has retained two investment banks—Morgan Stanley and CIBC World Market...Read more



Hedge funds turn to technology
Sep 04/06
Increasing exposure and regulation are forcing the hedge funds industry''s participants globally to look to technology to ease some of their pain points, says a new report 'Securities Processing in Hedge Funds' by independent mark...Read more



Oil’s Well That Sends Prices Down Well
Aug 30/06
The drill sounds familiar: Hedge funds may hold the key to lower oil prices, or so some say. Crude oil prices have been looking down lately, and one school of market observers suggest that hedge funds, which in the past have been ...Read more



Man Investments Canada Corp. expands staff
Aug 29/06
Toronto, Ontario -  Man Investments Canada Corp., a subsidiary of the Man Investments division of Man Group plc, announces today that Andrew Doman has joined the firm as Chief Operating Officer. Mr. Doman will be responsible for t...Read more



Private equity pursues takeout of QLT
Aug 29/06
A major shareholder in QLT Inc. is offering to buy out the troubled drug company, a move that QLT's board is resisting in favour of a massive share buyback.Rodney O'Connor led a private equity group that offered in February to tak...Read more



Hedge funds play hardball with late filing firms
Aug 29/06
 By Peter Lattman and Karen Richardson, The Wall Street JournalHedge funds looking to extract bigger returns from the companies they invest in have come up with a new game of hardball: Fail to file a quarterly report on time, and ...Read more



Hedge Funds Fuel Treasury Rally With Record Bet on 10-Year Debt
Aug 28/06
(Bloomberg) -- Hedge funds and other speculators are wagering more than ever on the rally in U.S. Treasuries. Speculators at the Chicago Board of Trade own 347,559 more futures contracts betting that prices of 10-year Treasury not...Read more



Canada regulators build fund governance regime
Aug 28/06
OTTAWA - It has taken a scandal-filled decade to get around to it, but the Canadian Securities Administrators recently announced a rule aimed at improving governance of all publicly offered investment funds. The rule will affect a...Read more



Canadians are overcharged by mutual funds, study says
Aug 28/06
 OTTAWA - Canadians are being ripped off by mutual fund providers, according to a recent study.Although Canada and the United States are alike in many ways, "their mutual fund fees differ dramatically," according to the ...Read more



Private Eyes Focusing On Hedge Fund Managers
Aug 28/06
Better safe than sorry seems to be the guiding principle behind the ever-growing trend of investors hiring a private investigator to check out hedge funds and their managers. A New York Times article focused mainly on Randy Shain ...Read more



Hedge funds have right to criticise bad management
Aug 28/06
Hedge funds have every right to criticise bad management in companies they invest in, according to an expert from F&C Partners. The comments come in response to an "outburst" from Joop Wijn, the Dutch minister for th...Read more



Industry Sees HF Ratings As A Good Thing
Aug 25/06
Hedge fund risk ratings, to be introduced by Standard & Poor’s by year’s end, with systems by other firms in development, are being called a good thing for the industry. Emma Mugridge, director of the Alternative Investment As...Read more



Canadian funds to establish Independent Review Committee by November
Aug 25/06
The Canadian Securities Administrators (CSA) have released National Instrument 81–107 Independent Review Committee for Investment Funds (the Instrument) in final form, which imposes a requirement on publicly-offered investment fun...Read more



Mosaid rejects hedge fund demand that the company be sold promptly
Aug 24/06
TORONTO (CP) - Memory-chip maker Mosaid Technologies Inc. (TSX:MSD) has rejected a dissenting U.S. shareholder's demand that it immediately put itself on the auction block and warned Wednesday it's ready for a fight if that's what...Read more

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