Author Archives: the HedgeCo News Team
Pershing and BNY Mellon Combine Bank and Brokerage Custody into a Single Service Offering
New York (HedgeCo.Net) – Pershing LLC, a BNY Mellon company, today announced that Pershing Advisor Solutions and BNY Mellon’s Wealth Management Advisor Custody Group, will now deliver a single-service integrated bank and brokerage custody offering. Advisors will no longer have [...]
Hedge funds find salvation in Japan’s Abenomics
Financial Times – If hedge fund managers believed in salvation, then Japanese prime minister Shinzo Abe would be a prime candidate for saviour. For a $2.4tn industry whose returns for the past four years have been disappointing at best, and [...]
5 takeover rumors hedge funds are betting on
Marketwatch – Publicly traded companies are often acquired at a large premium to their market price pre-announcement, and so rumored takeovers—whether or not they turn out to be true—can cause speculators to pile into the stock. These stocks aren’t necessarily [...]
Man jumps 9% as debt repayment news cheers hedge fund’s investors
Gaurdian.co.uk – Hedge fund group Man has jumped 9% despite clients continuing to withdraw cash, after it announced a debt restructuring. News that it was using around $470m of surplus cash to buy back debt and save $78m a year [...]
Hedge Fund Mogul Steven Cohen stands strong against Insider Trading probe
New York (HedgeCo.Net) – Investigations of insider trading by the S.E.C. and the U.S. Attorney’s office have haunted Hedge Fund SAC Capital and it’s manager, and 117th richest man in the country, Steven A. Cohen, for the last few years. [...]
Backstop Acquires PerTrac CMS from eVestment
New York (HedgeCo.Net) – Backstop Solutions Group (BSG), a leading Software-as-a-Service provider to the alternative asset management industry, announces the acquisition of the PerTrac CMS product line, a specialized customer relationship management tool built exclusively for the institutional investment community, [...]
Hong Kong-based Richland to shut hedge funds in surprise move
HONG KONG (Reuters) – Hong Kong-based Richland Capital Management Ltd is shutting down its hedge funds despite outperforming peers, four sources said, an unexpected move for a successful operator in an Asian industry which is struggling to raise assets. Richland [...]
Hedge fund group sues over Cayman reforms
FT.com One of the biggest hedge fund service businesses on the Cayman Islands has tried to block sweeping reforms to make the tax haven, the world’s main centre for hedge funds, more transparent. The Caymans is home to more than [...]
Hedge funds lobby Capitol Hill for the Privitization of Fannie Mae and Freddie Mac
New York (HedgeCo.Net) Hedge Funds Paulson & Co., Perry Capital and Claren Road are said to hold preferred shares in Fannie Mae, and while the shares are up considerably, they see the government involvement holding back their investors potential profits. [...]
Indian hedge funds dare where foreign investors fear
(Reuters) – Indian hedge fund manager Kalpesh Kinariwala is so sure of his equity strategies in a country that has stumped foreign rivals that he sends a daily e-mail tracker of his performance – including to competitors. Kinariwala’s Capveda Capital [...]
Charity shelves opulent London hedge fund gala dinner
(Reuters) – A lavish gala dinner that was a highlight of the London hedge fund industry’s social calendar and counted royalty among its guests has been quietly shelved. The ARK Gala Dinner, which started in 2002, cost as much as [...]
