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Reech Capital Launches Risk Management Product

Reech Capital PLC has launched RiskHedge, a risk management engine for the hedge fund market, which will give hedge fund managers access to the kind of sophisticated risk technology formerly only available to large investment banks, at a cost specifically

CSFB to Pay $100 million to Settle IPO Actions

Access to hot IPOs is one of the ways hedge funds gauge the quality of the service supplied by their prime brokers. News today that he Securities and Exchange Commission had filed charges against Credit Suisse First Boston Corporation (CSFB)

Hedge Fund Icon Monroe Trout Plans to Retire

Hedge fund icon Monroe Trout, the 39 year old principal of Trout Trading Management, plans to retire after 14 years at the helm and sell the firm to CEO Matthew Tewksbury, 32, (the firm will eventually be renamed Tewksbury Capital).

Hedge Funds Sue Enron Auditors and Underwriters

According to a report in the New York Times today, four hedge funds specialising in distressed securities that lost over $120 million on Enron bonds are sueing Arthur Andersen (auditors to the company) and Banc of America Securities, Goldman Sachs

Deposits to Unit Investment Trusts Increase by $1 bln

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

Hedge Funds Rocket in 2001

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

Man Group Raises $590m in Latest Product Launches

Man Group plc, the international hedge fund manager and futures broker, announced that its two most recent launches Man Multi Strategy Series 3 Ltd and OM IP Hedge Plus Limited have together raised the equivalent of over US$590 million of

Hedge Funds Still Outperform Global Equity Markets

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

Merrill Lynch To Take a Q4 Charge of $2.2 billion

Merrill Lynch said it will take a Q4 charge of $2.2 billion, mainly to cover the elimination of 9,000 jobs. Merrill said the job cut number includes all reductions since November, including a new round of 1,200 job cuts in