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July 31, 2005

British rules for managers boost hedge funds’appeal

LONDON: Regulation of hedge fund managers by Britain’s Financial Services Authority (FSA) has boosted the industry’s appeal to institutions such as pension funds, London-based Aspect Capital said.

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July 30, 2005

Hedge fund buys stake in NWA

SAC Capital Advisors LLC , a hedge fund run by Steven A. Cohen, has purchased a 5.7% stake in Northwest Airlines Corp. , the fourth-largest U.S. carrier.

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Hedge fund guru offers advice

MIAMI | In the last 5½ years, hedge fund manager Michael O'Higgins chalked up astounding returns one year, fabulous another, decent in two more and one down year.

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July 29, 2005

Hedge Administrator To Use Fund Infrastructure

Gemini Hedge Fund Services , a sister company to Gemini Fund Services , has built an interface between its partnership software for hedge funds and its mutual fund systems to provide tax, daily valuation, registration, administration, compliance, mock audits and other services for hedge funds.

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Citigroup Nixes Weill’s Deal

Shakespeare's Hamlet contemplated deep philosophical questions -- "To be, or not to be?" In Corporate America, chieftains also engage in profound thoughts: Should I take the free corporate jet, or start my own multibillion-dollar hedge fund?

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