Sunday, March 27, 2005

Hedge Funds Galore

Hedge funds are everywhere! [NYT]

The number of hedge fund firms has also grown - to 3,307 last year, up 74 percent from 1,903 in 1999. During the same period, the number of funds created - a manager can start more than one fund at a time - has surged 209 percent, with 1,406 funds introduced in 2004, according to Hedge Fund Research, based in Chicago.

Hedge Fund Firms Eye Going Public [Reuters]

The hedge fund industry, long reserved for the super rich, may soon become accessible to the less affluent as several of the closely held firms are mulling plans to go public, industry executives and lawyers say.

West Palm hedge fund operators' assets to remain frozen [West Palm Beach Post]

The Securities and Exchange Commission has won a court order that keeps frozen the assets of the three principals of a defunct West Palm Beach hedge fund firm that allegedly defrauded investors of at least $115 million.