General News

	Arrow Hedge proposes fund merger	Mar 06/06
	Unitholders to vote on merger of two Epic funds Arrow Hedge Partners Inc. has called a special meeting of unitholders of the Arrow Epic North American Diversified Fund to approve its proposed merger of the fund into the Arrow Epic...Read more
	Ratings agencies scope out hedge funds	Mar 06/06
	With interest in hedge funds exploding, some ratings agencies are starting to scrutinize the lightly regulated, opaque industry.Moody's Investors Service in New York is one. It's developing a methodology for rating hedge fund oper...Read more
	Reports of hedge funds' demise exaggerated	Mar 06/06
	There are some signs that hedge funds -- the beat-up asset class beset with scandal last year -- are poised for a recovery."On the institution side, we're getting a lot of traction and retail is coming back," said Franço...Read more
	Biovail denies Gradient claims	Mar 04/06
	Biovail Corp. has rejected allegations that private investigators working for its New York law firm intimidated employees and former employees of an Arizona securities research company at the heart of its $4.6-billion (U.S.) lawsu...Read more
	SciVest launches five new funds	Mar 02/06
	SciVest Alternative Strategies is adding five new funds to the company's lineup, including the SciVest-branded Oil Sands Index PLUS Fund, Income Portfolio PLUS Fund, Commodity Index PLUS Fund, Asia Pacific Long-Short Equity Fund a...Read more
	UBS opens Toronto hedge fund office	Mar 01/06
	UBS has opened a new hedge fund services office in downtown Toronto. The office will provide a complete range of hedge fund administration services for the company's North and South American hedge fund client base of international...Read more
	Scotia Capital launches hedge fund index	Mar 01/06
	Scotia Capital announced the launch of the Scotia Capital Canadian Hedge Fund Performance Index on Wednesday at the company's Canadian Hedge Funds forum, being held in Zurich, Switzerland. "The Canadian hedge fund industry ha...Read more
	Quadrexx to launch L/S Canadian equities fund	Mar 01/06
	Toronto-based Quadrexx Asset Management will launch a long/short Canadian equities fund on March 31 with an initial investment of some C$2 million (US$1.7 million)....Read more
	Overstock 'happy' to assist Biovail lawsuit	Feb 28/06
	Biovail Corp.'s lawsuit against a Wall Street hedge fund was driven by a "wealth of information" it received from an Internet retailer, which also claims it was a victim of short sellers of its stock, and three former em...Read more
	Moody's to rate hedge funds	Feb 27/06
	Anyone who's watched a hedge fund blow up has asked the question: should investors have seen it coming? Gary Witt, a senior vice president and credit officer at Moody's Investors Service, certainly has and the answer, more often t...Read more
	Banks, clients look to dodge Norshield bullet	Feb 27/06
	Two of Canada's biggest banks and their clients may be among the few parties to get the bulk of their money out of Norshield Financial Group.Investors in the troubled hedge fund company gathered in Toronto, Montreal and Vancouver ...Read more
	Morningstar reports to shed light on hedge funds	Feb 27/06
	Morningstar Inc. (MORN.OQ: Quote, Profile, Research), one of America's best-known mutual fund ranking firms, is ready to publish reports on hedge funds and shed new light on an often secretive but successful industry, company exec...Read more
	Regulators decide no specific rules needed for hedge funds	Feb 25/06
	Canada's securities regulators have decided not to introduce specific regulations governing hedge funds."We have a full group of rules that apply to all those sorts of vehicles," David Wilson, chairman of the Ontario Sec...Read more
	Canadian Pharm Firm Sues SAC Capital, Camelback	Feb 23/06
	MISSISSAUGA, Ontario (HedgeWorld.com)—Biovail Corp., and its subsidiary Biovail Pharmaceuticals, filed a lawsuit in a New Jersey state court Wednesday [Feb. 22] against the hedge fund manager SAC Capital Advisors LLC, Stamford, Co...Read more
	Portus Progress	Feb 22/06
	By Chris Clair, Senior Financial Correspondent: A series of disagreements about appropriate disclosure among the various entities working to untangle the collapse of the Portus Alternative Asset Management Inc. hedge fund has thus...Read more
	Norshield to Return Little to Investors	Feb 22/06
	The receiver for defunct Canadian hedge fund Norshield said Tuesday investors will get back at most 10 cents on the dollar. Speaking to more than 200 investors in Toronto, RSM Richter partner Raymond Massi said investors will get ...Read more
	Assets in Hedge Funds of Funds continue to grow in 2005	Feb 21/06
	Assets continued to flow into the largest fund of hedge fund groups at a rate of 12% for 2005, despite widespread pessimism that asset flow trends were likely to reverse, according the latest survey of the InvestHedge Billion Doll...Read more
	Portus fails to taint hedge fund sector: No capital slowdown	Feb 20/06
	The Portus Alternative Asset Management Inc. scandal may have put Canada's fledgling hedge fund industry on the global map last year, but not in a way anyone in the business would have liked.At hedge fund conferences, one can only...Read more
	Hedge funds centre stage	Feb 15/06
	On March 1, about 75 European pension plan chiefs, private bankers and other institutional investors will gather in the Park Hyatt hotel in Zurich, Switzerland, to hear about a new investing opportunity: Canadian hedge funds.In re...Read more
	Canadian Pro-Hedge Funds announces brand expansion	Feb 14/06
	Pro-Hedge Funds announced the completion of its corporate expansion and new division development, with the official unveiling of its new website and brand extension; under the Pro-Financial Asset Management banner. Building on the...Read more
	Former Canadian mutual fund pro launches space and aeronautics fund	Feb 14/06
	Stephen Rogers, a former large cap U.S. growth portfolio manager at Canadian mutual fund firm AGF Management, is launching a hedge fund focused on opportunities in the space and aeronautics industries. The fund, titled the Albireo...Read more
	Hedge funds return nearly 4% in January	Feb 13/06
	The average hedge fund manager earned their clients 3.7% in January, taking advantage of market inefficiencies in the small-cap sector, according to the Barclay Hedge Fund Index."Small-cap value and growth stocks were the sta...Read more
	Pro-Hedge launches deposit notes	Feb 08/06
	Pro-Hedge Funds alternative investments has added a new structured product to its lineup. The Pro-Performance Blue Chip Yield Deposit Notes, available for sale until March 31, 2006, invest in a portfolio of 30 stocks, picked from ...Read more
	Hedge fund blow up – fact or fiction (threat or menace?)	Feb 07/06
	Our industry has lost one of its most popular and well liked individuals. More than that, our industry has lost one its great thinkers. So many people that I have spoken to have commented on his vision not only as it related to em...Read more
	BluMont Discusses Redemptions	Feb 07/06
	When Toronto-based hedge fund BluMont Strategic Partners reported a gain of 19.21% over the past 12 months, investors responded by redeeming nearly 2 million units, reducing its assets by CAN$22.9 million ($19.9 million). Accordin...Read more
	NASD Steps Up Hedge Fund Probe, Seeks Customer Data	Feb 02/06
	Feb. 2 (Bloomberg) -- The NASD is expanding a probe of the world's biggest brokerage firms for possible improper sales of hedge funds to individual investors, three people with direct knowledge of the matter said. The industry reg...Read more
	Hedge funds planning for increased compliance costs: report	Feb 02/06
	New era of regulation has arrived Thursday, February 2, 2006 Nearly one-half of hedge funds surveyed expect their compliance costs to increase over the next 12 months, according to a recent study by Greenwich Associates.These expe...Read more
	Portus updates	Jan 31/06
	Dealers agree to return Portus referral fees to investors 57 firms to return $12 million in fees Tuesday, January 31, 2006 By IE Staff Investment and mutual fund dealers contacted by regulators have agr...Read more
	BluMont, Man expand distribution arrangement	Jan 30/06
	(January 30, 2006) BluMont Capital today announced it has updated its distribution arrangements with Man Investments. BluMont will continue to service the existing structured products offered by Man, including two offerings th...Read more
	Robson Van Eck Hard Assets Fund Available for Purchase	Jan 27/06
	Toronto, January 25, 2006"This single manager hedge fund product speaks well of what Robson has to offer – the ability to find superior fund managers and deliver them to Canadians in a convenient and investable format" s...Read more
	Picasso Lures Hedge-Fund-Type Investors to Art Market	Jan 26/06
	Jan. 26 (Bloomberg) -- In September 2004, Philip Hoffman did something unusual: He bought a painting he actually likes. It was a work by Ed Ruscha, a pop art icon whose paintings hang in the National Gallery in Washington. Hof...Read more
	BluMont Strategic Partners Hedge Fund appoints new board member	Jan 23/06
	BluMont Strategic Partners Hedge Fund announced has appointed Stephen Stacey to its board of trustees and to hold the position of chairman.Stacey has been involved with the Canadian investment industry for the last 35 years, havin...Read more
	BluMont launches new series of BluMont Man-IP 220 notes	Jan 17/06
	BluMont Capital Corp. has launched its third series of the BluMont Man-IP 220 Notes, a multi-manager/multi-strategy investment product with a 100% principal repayment guarantee from Citibank Canada.BluMont’s Canadian product launc...Read more
	Drop in risk appetite curbs hedge fund returns in December	Jan 11/06
	S&P Hedge Fund Index rose 2.28% in 2005 Wednesday, January 11, 2006 By James LangtonHedge fund returns, as measured by the Standard & Poor’s Hedge Fund Index, gained a paltry 0.26% in December as a widespread reduction in ...Read more
	BluMont Capital Announces Management Change	Jan 10/06
	TORONTO, ONTARIO--(CCNMatthews - Jan. 10, 2006) - BluMont Capital Inc. (TSX VENTURE:BCC) announced today that Toreigh N. Stuart, Chief Executive Officer has left the Corporation effective immediately.Thomas H. Simpson, Chairman sa...Read more
	Setback for Paulson in Algoma Fight	Jan 10/06
	By Christopher Faille, Financial Correspondent Tuesday, January 10, 2006 10:18:20 AM ET TORONTO (HedgeWorld.com)—A judge in the Superior Court of Justice of Ontario denied a request from the New York-based hedge fund manager Pauls...Read more
	From Mutual to Hedge Funds, and Back Again	Jan 08/06
	ARE mutual funds making a comeback among Wall Street's best and brightest?In recent years, lured by the potential to earn tens of millions annually, dozens of promising young traders have quit their jobs at established firms to st...Read more
	Morgan Stanley's Biggs Shares Pain of Top Hedge-Fund Players	Jan 06/06
	Jan. 6 (Bloomberg) -- One day in 2001, an affable hedge- fund manager known as Grinning Gilbert realized that his wager on tech stocks had turned into a black hole threatening to devour his net worth of $20 million. He went home a...Read more
	Founder of troubled Norshield steps talks out to dispel perception of improper dealings	Jan 03/06
	MONTREAL -- John Xanthoudakis wants to restore his shattered reputation.The founder of troubled Norshield Financial Group has stepped back into the media glare in an effort to dispel the perception of improper dealings at his cont...Read more
	BluMont Capital announces executive changes	Jan 03/06
	BluMont Capital has separated the roles of president and CEO and appointed a new chairman. Stephen Kangas has stepped into the role of president, taking over from Toreigh Stuart, who continues to serve as BluMont's CEO. No rea...Read more
	Sprott Asset Management Hires Synergy, CI Vet	Jan 03/06
	By Christopher Faille, Financial Correspondent Tuesday, January 03, 2006 1:13:27 PM ET TORONTO (HedgeWorld.com)—Sprott Asset Management Inc. has hired Peter Hodson as an investment strategist. Mr. Hodson was a portfolio manager at...Read more
	BluMont Capital Reports Results for Fiscal 2005	Dec 28/05
	TORONTO--(BUSINESS WIRE)--Dec. 28, 2005--BluMont Capital Inc. (TSX VENTURE:BCC - News) today announced audited financial results for the fiscal year ended September 30, 2005. Review of the 12-Month Period Ended Septembe...Read more
	Portus boss Manor makes first court appearance	Dec 27/05
	By ORLY HALPERNTuesday, December 27, 2005 Special to The Globe and MailTEL AVIV -- The founder of collapsed investment company Portus Alternative Asset Management Inc. attended a hearing in a Tel Aviv district courthouse yesterday...Read more
	Hedge Funds Combat Negativity	Dec 19/05
	New Cerulli report identifies trends and profitabilityBOSTON (HedgeWorld.com)—Hedge funds still are trucking down the path of profitability despite some noteworthy obstacles thrown in the way by investors and regulators this year....Read more
	Arrow Hedge Partners launch Japan Long/Short Fund	Dec 16/05
	TORONTO, Dec. 16 /CNW/ - Jim McGovern, Managing Director and CEO of ArrowHedge Partners Inc. of Toronto, Canada is pleased to announce the launch ofthe Arrow Japan Long/Short Fund, which is now available for purchase. The Arrow...Read more
	Norbourg goodies up for grabs	Dec 15/05
	By BERTRAND MAROTTE Globe & MailThursday, December 15, 2005 Page B1MONTREAL -- Surveillance equipment and memorabilia of hockey legend Maurice Richard were among the items on the block yesterday in an auction of property belon...Read more
	Hedge Funds Will Never Outgrow This Hulking Beast	Dec 13/05
	Dec. 13 (Bloomberg) -- Quick now, which investment vehicle is growing fastest here in the mid-'00s? a) hedge funds; b) exchange-traded funds; c) mutual funds. Answer: c) mutual funds, hands down. And no, that's not a trick questio...Read more
	Dow Jones hedge fund strategies make gains	Dec 13/05
	Equity long/short (US) strategy top performer in November Tuesday, December 13, 2005 By James Langtonwww.investmentexecutive.comFive of the six hedge fund strategies covered by Dow Jones Hedge Fund Indexes posted gains in November...Read more
	Portus update	Dec 12/05
	A founder director of Langbar International, the AIM-listed cash shell at the centre of a fraud investigation, has been interviewed by Italian prosecutors who are looking into the collapse of a Canadian hedge fund. Jean-Pierre...Read more
	Icahn Seeks Shelter in Hotel Chain	Dec 07/05
	By Christopher Faille, Financial Correspondent Wednesday, December 07, 2005 4:31:47 PM ET TORONTO (HedgeWorld.com)—Fairmont Hotels & Resorts Inc., a luxury lodging chain, said that it would strongly oppose the tender offer and...Read more

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