Category: ETF, Hedge & Mutual Funds
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Record number of new Hedge Funds launched in Cayman Islands
WEST PALM BEACH, FL (www.hedgeco.net) – A record number of new hedge funds were created during the first half of 2005, according to Busnesswire reports. Despite the global slowdown in hedge fund returns during the first half of 2005, there was a 13 percent increase in the number of new hedge fund launches compared to…
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Asia becomes haven for US hedge funds
A growing number of US hedge funds are setting up offshore, especially in Asia, as the maturing industry becomes increasingly global and funds look beyond US borders in a bid to boost waning returns. Bear Stearns plans to launch a $450m fund investing in hedge funds that specialise in Asian markets, according to several industry…
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Credit Suisse Asset Management launches Fund
Credit Suisse Asset Management (CSAM) is to launch a limited issue fund of funds that invests in new launches, offshore vehicles and unregulated funds. As a limited issue portfolio the fund launches at the end of July with 75 million units. It can potentially charge more in management fees than the 4% initial and 1.5%…
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Are These New ETFs a Good Idea?
By Dan Culloton – StreetTracks Gold Shares (GLD) , the first exchange-traded fund tracking a commodity, was one of the most successful ETF launches in history. Within weeks of its November 2004 launch it amassed more than $1.5 billion in assets. Is it any wonder that other financial firms are scrambling to introduce their own…
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In Defense of Hedge Funds
IT’S BOTH AMAZING AND a little bit bizarre that the same mainstream media that told folks to stick it out for the long haul while the market melted in 2000 and 2001 are now writing smear pieces about hedge funds simply because they’re not minting money this year. Indeed, we’re now in the golden age…
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First currency ETF filed
Rydex Investments has filed an application with the Securities and Exchange Commission for the first currency exchange-traded fund that would provide exposure to the euro. Called the Euro Currency Trust, if approved the fund would trade on the New York Stock Exchange under the symbol “FXE,” according to a Tuesday filing. The Bank of New…
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Hedge funds in the crosshairs
Hedge funds have long been viewed as one of the more untouchable areas of the financial markets, and now 30,000 Canadian investors, along with a handful of pension funds, know why: Quite literally, they can’t touch their money. More than $1.2-billion they invested in two domestic hedge fund companies has been frozen by securities regulators…
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British funds sector ‘under threat from tax regime’
TAX and regulatory burdens could pose a threat to British position as a leading global centre for asset management, according to a report released today. Currently the third-largest global centre for fund management, the UK’s £2.8 trillion industry could lose assets and jobs to low-cost rival centres, a study by the Investment Management Association and…