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Clients need hedging, hedging needs diligence | May 09/06 |
| This article is courtesy of www.advisor.caWith many of the world's equity markets pushing historic highs, it may be prudent for many investors to re-examine the long-only strategy which has served them so well over the past few ye...Read more |
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Two of Canada's securities regulators agree to merge | May 08/06 |
| OTTAWA - There were handshakes all around late last month as the Investment Dealers Association of Canada and Market Regulation Services Inc. announced they have approved in principle a merger proposal to create a new industry sel...Read more |
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Global Hedge Fund Index Shows Strong 1Q | May 08/06 |
| The first quarter review of the Lehman Brothers/HFN Global Hedge Fund Index found funds returned on average 5.10% during the first three months of 2006. Long-short funds comprise the largest portion of the index, with about 33% of...Read more |
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Dissident Sears Canada holders dispute valuation | May 03/06 |
| Pershing Square Capital Management, the hedge fund that has opposed Sears Holdings Corp.'s C$892 million plan to buy out Sears Canada Ltd , said on Wednesday that the bid significantly undervalues the stock.Pershing, led by activi...Read more |
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Young hedge funds make best returns | Apr 27/06 |
| By Tom Burroughes
AMSTERDAM (Reuters) - Hedge funds within the first two years of doing business tend to chalk up higher returns than older funds, which is a key factor for clients to watch, a senior industry figure said on Wed...Read more |
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Portus Co-Founders Charged by Regulators Over Fund's Collapse | Apr 25/06 |
| Portus Alternative Asset Management Inc. co-founders Boaz Manor and Michael Mendelson were accused by Canadian regulators of lying to investors as the hedge fund collapsed last year. The Ontario Securities Commission charged both ...Read more |
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IFB plan would allow insurance advisors to repay Portus commissions to clients | Apr 25/06 |
| Independent Financial Brokers of Canada (IFB) has taken an initial step to develop a process allowing insurance agents, brokers and managing general agencies (MGAs) in Ontario to voluntarily refund commissions and fees paid to the...Read more |
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Global investment made in Toronto | Apr 21/06 |
| Arrow Hedge Partners Inc. is an investment management company founded in 1999, specialising in providing hedged fund of funds strategies to high net worth investors worldwide, and from uniquely regional perspectives. Arrow Hedge i...Read more |
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Portus creditors' meeting set for mid-June | Apr 20/06 |
| Founder obliged to appear, lawyer saysManor could attend by video conferenceMADHAVI ACHARYA-TOM YEWBUSINESS REPORTERThe first meeting of creditors of collapsed hedge fund Portus Alternative Asset Management will take place in Toro...Read more |
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BluMont Man-IP 220 Series 3 Notes Close at C$52.3 Million | Apr 20/06 |
| TORONTO, ONTARIO -- (MARKET WIRE) -- 04/20/2006 -- BluMont Capital Inc. ("BluMont") (TSX VENTURE:BCC) is pleased to announce it raised C$52.3 million with its third series of the BluMont Man-IP 220 Notes ("Series 3 ...Read more |
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Canada’s brokers compete on service | Apr 19/06 |
| The prime brokerage market in Canada has enjoyed dramatic growth in response to the influx of hedge funds that have started up over the past few years. We continue to see new players coming into the field because they realise that...Read more |
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Wendys CEO Retires | Apr 19/06 |
| In the wake of battles with hedge funds, Jack Schuessler, chairman and chief executive officer of Wendy's International, is retiring, the company announced Monday. Last year, Pershing Square Capital pressured Wendy's to spin off i...Read more |
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Treasury Official Predicts Hedge Funds to Become Safer | Apr 19/06 |
| Speaking Tuesday at the Federal Reserve Bank of Atlanta, Emil Henry, the Treasury Assistant Secretary for Financial Institutions, said hedge funds are likely to get safer in the future as more pension plans invest in them. Before ...Read more |
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Two New Funds Join Fight Against Sears Holdings | Apr 18/06 |
| Hawkeye Capital Management and Knott Partners are joining Pershing Square in opposing Sear Holdings' attempted takeover of Sears Canada, according to an announcement by Pershing.
Sears Holdings, the company created by Eddie La...Read more |
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Canadian hedge funds market poised for tremendous growth | Apr 18/06 |
| The Canadian capital markets have been extremely vibrant over the past few years, as global economic growth has led the international investment community to “discover” the investment potential of Canada.
In particular, our res...Read more |
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Omens look good for hedge fund returns this year | Apr 17/06 |
| By Pratima Desai LONDON, April 13 (Reuters) - Hedge funds delivered strong returns in the first quarter of this year and with market volatility expected to rise and clear trends evident in currencies and bonds the omens for 2006 a...Read more |
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Receiver finds nearly $600,000 intended for Portus | Apr 17/06 |
| Fifty-six investors who had planned to invest in Portus will get their money back after receiver KPMG revealed that their cheques and bank drafts, totalling $594,244, were dated after regulators issued an order preventing the fail...Read more |
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Hedge funds weather March in fine form | Apr 17/06 |
| RBC's Hedge 250 Index had a preliminary net return of 1.71% in March, bringing the year-to-date return of the index to 5.07%. March's numbers for the index were an improvement over February when the index inched up a mere 0.44%. S...Read more |
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Resources focus turns the spotlight on Canadian managers | Apr 13/06 |
| Until recently international investors paid little attention to Canadian hedge fund managers, despite their impressive returns. But increasingly humdrum performance across the border and the realisation that Canadian expertise in ...Read more |
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Leeward activates global marketing drive | Apr 13/06 |
| Toronto-based hedge fund firm Leeward Hedge Funds is making a global marketing push for its Leeward Offshore Bull and Bear Fund.The long/short North American equity fund has approximately USD 10 million and the firm is planning to...Read more |
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Portus ignored warning | Apr 11/06 |
| National Post - The two men behind the Portus group of funds were advised in early 2004 to stop accepting money from investors, long before the money manager's collapse left 26,000 investors fearing that $800-million of their fund...Read more |
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Hedge fund returns rise for third straight month: S&P | Apr 10/06 |
| Hedge fund returns, as measured by the Standard & Poor’s Hedge Fund Index, rose 1.16% in March. This marks its third consecutive month of positive performance.Year-to-date, the index is up 4.03%.“Many hedge fund strategies saw...Read more |
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Toronto Joins the Global Hedge Fund Industry | Apr 10/06 |
| Its skyscrapers and icy winters might seem at odds with the stereotypical image of an offshore hedge fund centre, but Toronto is building on a thriving domestic alternative investments market and a well-resourced financial infrast...Read more |
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Receiver Asks Court to Waive Solicitor Privilege in Portus Case | Apr 06/06 |
| The receiver for defunct hedge fund firm Portus is asking an Ontario Superior Court to waive solicitor-client privilege and disclose certain documents that could help it recover investor funds. According to court-appointed receive...Read more |
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Institutional investors switching from U.S. equities | Apr 05/06 |
| International equity allocations are rising By James LangtonU.S. institutional investors are increasing the share of their assets invested in international equities, private equity, and other alternative asset classes, according t...Read more |
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Biovail Shareholders Sue Over Hedge Fund "Conspiracy" | Mar 28/06 |
| Lawyers for shareholders of Canadian drug-maker Biovail announced Friday a $4 billion class-action lawsuit against a hedge fund that allegedly conspired against the troubled company's stock. Biovail is blaming its flagging share p...Read more |
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Fund manager's convictions dictate strategy | Mar 28/06 |
| Eric Sprott likes to hedge his bets.It may come as a surprise to some but Mr. Sprott, one of Canada's top performing mutual fund managers, is arguably this country's best hedge fund manager too.Sprott Asset Management Inc. oversee...Read more |
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Potential Norshield creditors swell | Mar 27/06 |
| This article is courtesy of www.advisor.caSome 2,000 institutional and retail investors looking at as little as three cents on the dollar on the $330 million they placed with failed Montreal hedge fund complex Norshield Financial ...Read more |
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Global hedge fund assets surge to $1.5 trillion | Mar 27/06 |
| Global hedge fund assets surge to $1.5 trillion according to HedgeFund Intelligence research U.S. hedge funds reach well over $1 trillionEuropean funds reach $325 billionAsia Pacific funds exceed $115 billion New York, Monday 27th...Read more |
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FSA Confirms Funds of Hedge Funds to be fit for UK Retail Market | Mar 23/06 |
| London, 23rd March 2006 - The Alternative Investment Management Association (AIMA) - the global hedge fund and alternative investment industry association – has today welcomed the Financial Service Authority’s (“FSA”) recommendati...Read more |
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Portus Fund Investors Can Recover Money Outside of Bankruptcy | Mar 22/06 |
| March 22 (Bloomberg) -- Portus Alternative Asset Management Inc. customers who invested in the defunct hedge fund's Market Neutral Preservation Fund won't have to file bankruptcy claims to recover their money, a judge said. Ontari...Read more |
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Aiming for a Cayman chapter | Mar 22/06 |
| Hedge funds are currently the buzz words in the financial services industry with a slew of events taking place in Cayman this year, such as GAIM Cayman hedge fund conference at the beginning of May and the MARHedge International C...Read more |
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Canada Introduces its Version of Sarbanes-Oxley | Mar 20/06 |
| OTTAWA - Amid controversy over the tactics used by the Royal Canadian Mounted Police in Canada's celebrated insider-trading case, one strategic success has been achieved. On March 10, the Canadian Securities Administrators - the M...Read more |
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Cayman island's Hedge Fund Haven Faces Challenges | Mar 20/06 |
| OTTAWA - Late last year, the Cayman Islands' hedge fund industry celebrated a milestone: the registration of the 10,000th fund to be authorized by the Cayman Islands Monetary Authority. But the celebration may have been premature,...Read more |
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Diamonds? What Diamonds? And Other Portus News | Mar 20/06 |
| By Chris Clair, Senior Financial Correspondent Monday, March 20, 2006 4:32:33 PM ET TORONTO (HedgeWorld.com)—If you've ever watched a cat try to clean the tip of its own tail, then you can understand the past four months of the in...Read more |
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Soros Acquires DreamWorks Library | Mar 19/06 |
| Hedge fund king George Soros is leading a group acquiring the film library of DreamWorks Studios. Soros Strategic Partners and Dune Entertainment will buy the rights to all 59 DreamWorks live action films released through mid-Sept...Read more |
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Sears' course unclear | Mar 18/06 |
| Firm fading in retail; chairman insists goal is to be `a great company'DAVE CARPENTERAssociated PressCHICAGO - Minutes after securing final approval for the Kmart-Sears merger last year, Edward Lampert pledged in a rare appearance...Read more |
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Goodyear Canada mulls hedge funds | Mar 17/06 |
| Goodyear Canada's C$543 million pension fund continues to mull a potential investment in hedge funds. (Iialternatives.com)...Read more |
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First Portus creditors meeting expected soon | Mar 16/06 |
| The first meeting of creditors of failed hedge fund firm Portus Alternative Asset Management Inc. is expected within the next three months.Court-appointed receiver KPMG Inc. in a motion filed yesterday asked to be named the truste...Read more |
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Teachers' Says 2005 Return Rose to 17% on Real Estate | Mar 16/06 |
| Ontario Teachers' Pension Plan, Canada's second-biggest manager of pension funds, earned 17 percent on its investments last year, led by gains from holdings in real estate and private equity. Investment income rose to C$14.1 billi...Read more |
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Hedge fund index rises in February | Mar 15/06 |
| Standard & Poor’s announced that hedge funds enjoyed positive returns in February.The S&P hedge fund index gained 0.8% in February, and all three of the underlying style indices and eight of the nine strategies recorded po...Read more |
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CAIA Hires Director of Member Services | Mar 14/06 |
| The Chartered Alternative Investment Analyst Association, which offers the CAIA designation to those interested in becoming experts in alternative investments, announced recently it hired Jennifer Marcoullier as its director of me...Read more |
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New hedge fund regulation not likely in Canada | Mar 13/06 |
| OTTAWA - After making noises about ratcheting up the regulation of hedge funds in the wake of high-profile scandals, Canada's provincial securities commissions have done an about-face.The regulators have "pretty much decided ...Read more |
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RBC launches investable hedge index | Mar 13/06 |
| RBC's Alternative Assets Group, a leading provider of structured product solutions for hedge fund investors, and a business unit of RBC Capital Markets, today announced the launch of the RBC Hedge 250 Index, a broadly-diversified ...Read more |
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Algorithmics to Provide New Risk Management Platform for TD Securities Prime Brokerage | Mar 09/06 |
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Toronto, Canada – March 8, 2006 - Algorithmics Incorporated, a world leader in enterprise risk management solutions, today announced it will provide its market-leading risk management platform Algo Risk to TD S...Read more |
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Algoma resolves hedge fund fight | Mar 08/06 |
| Algoma Steel Inc. ended a nasty battle with a New York hedge fund yesterday by agreeing to pay a $200-million special dividend, appoint new directors and continue to pursue a potential sale or merger.The truce with Paulson & C...Read more |
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Mackenzie launches two currency-hedged classes of U.S. funds | Mar 07/06 |
| Mackenzie Investments has created new currency hedged versions of the Mackenzie Universal American Growth Capital Class and Mackenzie U.S. Growth Leaders Capital Class funds. With the new products, investors can hedge any or all o...Read more |
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Mackenzie launches two new currency-hedged classes of US funds | Mar 07/06 |
| TORONTO, Mar 7, 2006 (Canada NewsWire via COMTEX) -- Mackenzie Investments has created new currency- hedged versions of Mackenzie Universal American Growth Capital Class and Mackenzie Universal U.S. Growth Leaders Capital Class fu...Read more |
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Hedge Fund Gets Seats on Wendys Board | Mar 06/06 |
| Fast-food company Wendy's announced Thursday it is adding three nominees of Trian Fund Management to its board. Nelson Palz, who runs Trian with Peter May, said in a statement the hedge fund firm is highly supportive of Wendy's ma...Read more |
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Abria Funds launches energy hedge FoF | Mar 06/06 |
| Abria Alternative Investments, Canada’s leader in alternative investment strategies, has created a new fund designed to maximize risk-adjusted investment returns from exposure to global energy markets and serve as an optimal means...Read more |
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