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Monday, December 10, 2018

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Hedge Funds May Face State Oversight, Blumenthal Says
Jun 28/06
June 28 (Bloomberg) -- The U.S. government needs to step in and regulate the $1.2 trillion hedge-fund industry or states will ``join forces'' and oversee the private investment pools, the attorney general of Connecticut told senat...Read more



“PRAGMATIC APPROACH”
Jun 28/06
London 28th June 2006. These are the words that AIMA, the global trade association for hedge funds, has used to describe the FSA’s comments on hedge fund regulation in its Annual Report, published yesterday.  In the Report, FSA Ch...Read more



Hedge Funds, Plagued by Fraud, Need More Scrutiny, Senate Told
Jun 28/06
une 28 (Bloomberg) -- Hedge funds, fresh off a court victory that struck down new regulations imposed on them, came under fire in the U.S. Senate where witnesses said the $1.2 trillion industry was rife with fraud. ``Is federal la...Read more



Hearing to Examine HF/Analyst Connection
Jun 27/06
The brouhaha brought about by online retailer Overstock.com and Canadian pharmaceutical Biovail has made the connection between hedge funds and independent analysts the focus of a U.S. Senate Judiciary Committee hearing set for to...Read more



Some 450 Hedge Funds (and Counting) Throng Energy Bull Market
Jun 26/06
 June 26 (Bloomberg) -- Everywhere you look these days, people are scrambling for energy supplies. China is scouring the world, from the oil sands of Alberta to the oilfields of Iran. Morgan Stanley and other investment banks have...Read more



Are advisors being blamed unfairly in Portus fiasco?
Jun 23/06
Investors weren't the only ones looking for answers at first meeting of creditors of Portus Alternative Asset Management. Advisors, many themselves investors, feel hung-out to dry in the whole affair. For many, the meeting on Wedn...Read more



Portus Assets Still in Doubt
Jun 22/06
The court-appointed trustee of defunct Canadian hedge fund firm Portus says the amount of money it will be able to recover for investors will depend upon how certain notes are monetized. About 26,000 investors, mostly from Canada,...Read more



Portus Diamonds Still Missing on Eve of Meeting
Jun 20/06
Rapaport...June 20, 2006) Investors of the now bankrupt hedge fund Portus will meet June 21 for the first time, in Toronto, to discuss the redistribution of their assets - including an estimated $8.8 million in missing diamonds. I...Read more



Giant Canadian Fund To Increase Hedge Fund Exposure
Jun 20/06
The CAD90 billion (US$81 billion) Caisse de Dépôt et Placement du Québec will increase its hedge fund allocation to 5% from 3% over the next 24-36 months. Panelists speaking at the Fifth Annual Canada Cup of Investment Management ...Read more



Portus investors to get back more than expected
Jun 19/06
"Chalk it up to tuition at the school of experience." That's the way one Portus investor feels upon hearing news that she might get back up to 85.8% of her investment in the defunct hedge fund. On Sunday, KPMG released i...Read more



GMP buys private equity firm for C$157.7 mln
Jun 16/06
TORONTO, June 16 (Reuters) - Independent investment bank GMP Capital Trust <GMP_u.TO> entered the private-equity market on Friday, purchasing EdgeStone Capital Partners for about C$157.7 million ($140.8 million) in cash and ...Read more



OSC sets hearing over Sears complaints
Jun 15/06
The Ontario Securities Commission has called a hearing into the U.S.-based Sears Holdings Corp.'s complaint that three dissident shareholders of its Canadian division worked in concert to try to thwart the parent company's takeove...Read more



Turmoil May Accelerate Fund Consolidation
Jun 14/06
NEW YORK (HedgeWorld.com) - Today's tough markets favor multi- strategy managers with large organizational backing, according to Tanya Beder, chief executive of Tribeca Global Management, part of Citigroup. With many middling hedg...Read more



1000th Corporate Member Milestone for AIMA
Jun 14/06
London, 14th June 2006—The Alternative Investment Management Association (AIMA) - the largest global body representing the hedge fund industry – has approved membership of its 1000th corporate member.  Founded in 1990, AIMA has me...Read more



Canada's hedge funds draw Wall Street attention
Jun 14/06
TORONTO, June 14 (Reuters) - Canada's small but rapidly growing hedge-fund industry is attracting increased attention from large Wall Street investment houses and from foreign institutional investors who are impressed, in part, by...Read more



Majority of hedge funds lost money in May
Jun 13/06
BOSTON, June 13 (Reuters) - More than 70 percent of all hedge funds lost money in May, the first time this year that these lightly regulated portfolios were in the red, according to research released on Tuesday.Sharp declines in m...Read more



BluMont launches new core hedge fund
Jun 12/06
BluMont Capital announced today that it has added the BluMont Core Hedge Fund to the company's product line up for qualified investors. The single manager, long/short equity fund invests with a focus on North American securities. ...Read more



AIMA Canada invites for media briefing, papers and research award announcements
Jun 12/06
AIMA Canada Media Briefing TORONTO, June 12 /CNW/ - What: AIMA Canada will discuss the state of the Canadian hedge fund industry, launch a series of educational papers on hedge fund str...Read more



Funds of Funds Expect Better Returns
Jun 12/06
Poll of managers indicates growing fourth quarter optimismLONDON (HedgeWorld.com)—Fund of funds managers expect returns to pick up in the final quarter of 2006 with the recent burst in volatility in global markets driving many inv...Read more



Cinar losses brought the house down
Jun 10/06
Offshore money saga; Animation company's money went to Bahamas.Norshield received only rare mentions in the newspapers in the 1990s and then almost always regarding the company's many charitable activities in Montreal."I'm a ...Read more



In the eye of the storm
Jun 10/06
Norshield scandal; Investors stand to lose $400 million after John Xanthoudakis's company was closed down. He says he's done nothing wrong. But that hasn't stopped someone from coming after him.You had to look closely, but there w...Read more



Portus hearing next week...OSC delays Norshield hearing to October
Jun 09/06
Portus hearing scheduled for next week(June 9, 2006) An Ontario court will hear details of how receiver KPMG plans to deal with the proceeds from Portus' Market Neutral Preservation Fund on Monday, June 12.The fund, Portus' first ...Read more



Best Business Practices for Hedge Fund Managers Concerning Valuation
Jun 08/06
Recently Jefferson Wells and Alston & Bird LLP hosted a roundtable event on the subject of hedge fund valuation.  The attached information highlights some of the key points discussed.  The industry specialists who participated...Read more



Senate committee calls for review of Canada's hedge fund industry
Jun 08/06
OTTAWA -- Ottawa should press the provinces to consent to a single securities regulator by mid-2007 and appoint an investigator to probe the booming hedge fund industry, a Senate committee urged yesterday. "We . . . are struc...Read more



Caisse to grow globally
Jun 08/06
MONTREAL - The Caisse de depot et placement du Quebec has begun a major global expansion of its real estate and infrastructure activities, with recent or planned investments in airports, shopping malls and office towers on four co...Read more



Hedge Funds Willing to Pay More for Risk Management
Jun 07/06
NEW YORK (HedgeWorld.com)—It pays to be a risk watchdog, and the pay scale can be enhanced a professional's experience, hedge fund ties and proximity to New York City. On average, salaries among risk managers in the asset manageme...Read more



A Look At Today’s Hedge Fund Manager
Jun 06/06
More than 60% of hedge fund managers have been running funds between five and 15 years, according to a survey by Infovest21. That breaks down to 36% managing funds for five to 10 years and 25% at the helm 10 to 14.9 years. The sur...Read more



Look before you leap into alternatives: Haggis
Jun 06/06
The head of one of Canada’s largest pension plans issued words of caution to other funds looking to move into alternative investments. The rush of money out of stocks and bonds into alternative investments such as private equity, ...Read more



AIMA: Don't Wait, Act Now on MiFID
Jun 05/06
London May 2006 - Today, the Alternative Investment Management Association, AIMA, issued a clear warning to hedge fund managers not to drag their feet on implementing the Markets in Financial Instruments Directive (“MiFID”). ...Read more



Study: Hedge funds can go the distance
Jun 05/06
Contrary to common wisdom, a new study says that many hedge funds can outperform their benchmarks consistently, according to published reports.Studies that found that hedge funds performed strongly in a sprint but not for the long...Read more



Hedge funds expand their horizons and global reach
Jun 02/06
The hunt for investment opportunities and institutional capital is leading many hedge fund managers to expand their strategy range and geographical reach.A new report conducted by Greenwich Associates in conjunction with Global Cu...Read more



Jovian takes control of Horizon
Jun 01/06
Jovian Asset Management has acquired a controlling stake in Horizons Funds, a developer, distributor and manager of alternative investment products, including the Horizons Mondiale Hedge Fund."This acquisition represents anot...Read more



Hedge funds hit hard in May
Jun 01/06
Sell offs in stocks and metals punish hedge funds in late May, dragging monthly returns into the red.By Amanda Cantrell, CNNMoney.com staff writerJune 1, 2006: 12:50 PM EDTNEW YORK (CNNMoney.com) - Hedge funds took it on the chin ...Read more



Investigators pursue Langbar's Canadian hedge fund link
May 30/06
The Independent Investigators leading the inquiry into Langbar International are looking into links between the fraud at what was once AIM's biggest cash shell and the collapse of a Canadian hedge fund, according to a newspaper re...Read more



Morningstar Canada releases discussion paper on new fund categories
May 29/06
Investment Executive Morningstar Canada today issued a discussion paper for comment about its proposed new fund categorization system. When implemented, the new categories will replace the existing 34 categories overseen by the Ca...Read more



Canadian firm launches L/S exotic metals fund
May 29/06
Sextant Capital, a boutique alternative asset management firm (Toronto), specializing in commodities and resource based companies, has launched a long/short Hedge Fund, focused in gold, silver, molybdenum, industrial, and exotic m...Read more



Tread carefully in the world of hedge funds
May 27/06
From Saturday's Globe and MailYou won't find a better stress test for a hedge fund than the miserable month of May on the stock markets this year."May will be a very good indicator," said Tony Sanfelice, president and CE...Read more



Canadian Tire stock soars on hedge fund praise
May 25/06
From the Edmonton Journal: Canadian Tire Corp. shares soared Wednesday after a well-known U.S. hedge fund manager lauded the company at a prestigious New York investment conference.The stock rose on much heavier than average volum...Read more



Blumont receives takeover bid from Integrated Asset Management
May 23/06
TORONTO (CP) - BluMont Capital Inc. (TSXV:BCC) has received a takeover offer from Integrated Asset Management Corp., its biggest shareholder, after both companies reported improved second-quarter results. Shares in BluMont surged ...Read more



OMERS to more than double infrastructure investments
May 18/06
CANADA - The C$41bn Ontario Municipal Employees’ Retirement System (OMERS) will more than double its allocation to infrastructure in the coming years.The fund currently has 6% of its portfolio invested in the asset class, but CFO ...Read more



Burger King's shares rise after PE owners sell stock
May 18/06
Shares of Burger King Holdings Inc, the second-largest US hamburger chain, rose after a USD 425 million initial public offering allowed its private-equity owners to cash in on surging demand for stock in fast-food companies. The s...Read more



AIMA Launches Cayman Islands Chapter
May 17/06
London, May 2006 - The Alternative Investment Management Association (AIMA) - the global hedge fund and alternative investment industry association – has today announced the launch of its Cayman Islands Chapter. The new Chapter is...Read more



Investigators Search for Hedge-fund H.K. Diamonds
May 16/06
(Rapaport...South China Morning Post) Financial investigators are trying to locate a stash of 100 diamonds bought in Hong Kong using money linked to a high-profile hedge-fund scandal in Canada. The tangled web leading to the di...Read more



NBCN Prime Brokerage Services Launches New Investment Management Portal
May 15/06
New Service Provides Hedge Funds with Comprehensive Reporting And Advanced Portfolio Management Workflow Capabilities Toronto, ON, May 15, 2006 – National Bank Correspondent Network (NBCN) and StraightThrough Inc. announced today ...Read more



Norshield receiver finds $35 million more
May 15/06
Norshield group's retail creditors — who could be looking at recoveries of as low as three cents on the dollar from their $132 million investment in the failed Montreal hedge fund complex that sponsored the Olympus United funds — ...Read more



Talk of sole Canadian regulator begins to heat up
May 15/06
OTTAWA - Tantalized by Canadian opportunities, U.S. and Canadian investors alike have been paralyzed by concerns about the adequacy of securities regulation here. Apparently, politicians and the industry have been listeningThe fir...Read more



A shot in the arm for alternatives field
May 15/06
DETROIT - In an industry loaded with all manner of professional designations and credentials, the Chartered Alternative Investment Analyst Association appears to have found its niche.The fact that the number of people sitting for ...Read more



Currency-hedged Funds
May 12/06
It may be a case of locking the barn door after the horse has gone, but some companies are introducing funds that allow Canadians to invest in American stocks without exposing themselves to a further slide in the value of the U.S....Read more



Algoma boss lauds hedge funds
May 11/06
Demand for profits, return on investment disciplines steel industry. Canada's struggling steel industry is recovering, thanks to the relentless demands of hedge fund managers for profits and return on their investment.Algoma presi...Read more



Don't hedge your bets after all
May 11/06
Diversification has been the Holy Grail for investors. Here's why some smart analysts say it's time to reconsider.By Jon Birger, FORTUNE senior writerMay 11, 2006: 12:01 PM EDT(FORTUNE Magazine) - When it comes to investing, diver...Read more

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