Author Archives: the HedgeCo News Team

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.

Phillip Goldstein files for JOBS Act exemption to allow his Hedge Fund to “Publicly Solicit”

New York (HedgeCo.Net) – Phillip Goldstein, activist hedge fund manager and long time vocal champion for hedge fund’s right to advertise, has just filed with the SEC to allow his fund “Opportunity Income Plus LP” to make public solicitations in […]

ETF PM Pledges $53,000 to Schools and Charities Selected by Clients

New York (HedgeCo.Net) – ETF Portfolio Management (ETF PM), a revolutionary financial advisory firm, has pledged $53,000 in charitable donations since 2010. The firm has a Pledge to Give Back in which a percentage of each client’s annual advisory fee is […]

Decosimo and Larry Hyatt Accounting Firms Merge

New York (HedgeCo.Net) (December 18, 2013) – Larry Hyatt & Associates of Brentwood, Tennessee, a specialty firm recognized as a leading authority in state and local taxes, has merged with Decosimo, a Top 100 regional CPA firm headquartered in Chattanooga, […]

Hedge fund Hayman Capital takes stake in GM

(Reuters) – Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker’s stock could rise more than 40 percent over the next 12-18 months after the U.S. Treasury sells its stake in the […]

European banks lean on hedge funds as recap gathers momentum

Reuters – European banks have turned to hedge funds to help them raise deeply subordinated hybrid capital in 2013, but the high risk nature of the asset class and potentially higher rates could pose problems further down the line. Hedge […]

Voices: Jeffrey Clark, Jr., on Protecting Clients from Hedge-Fund Pitches

Voices is an occasional column that allows wealth managers to address issues of interest to the advisory community. Jeffrey B. Clark, Jr. is managing director at Sendero Wealth Management in San Antonio, Texas. In September of this year, the SEC […]

Class-action suit seeks $50M from hedge fund manager

Cincinnati.com – A longtime Cincinnati money manager already targeted in several civil suits is also being sued in federal court on allegations he bilked about 200 investors out of more than $50 million. The class-action suit, filed Tuesday in U.S. […]

CGI Group falls as hedge fund manager takes short position

Financial Post – Shares of CGI Group Inc , the parent of CGI Federal – the main contractor behind the glitch-plagued Healthcare.gov – slid on Wednesday after prominent short-seller Jim Chanos placed a major short position, citing among various reasons […]

A Second Act for a Top Wall Street Strategist

NYTimes – J. Tomilson Hill was a well-known Wall Street deal maker in the 1980s, a skilled merger tactician whose work on the bidding war for RJR Nabisco earned him a role in the book “Barbarians at the Gate,” which […]

Critic Siedle asks SEC to investigate R.I. pension fund’s hedge fund investments

PROVIDENCE Journal — Following up on a scathing 105-page report, financial industry critic Edward “Ted” Siedle called on the U.S. Securities and Exchange Commission Monday to investigate “soaring investment fees” and possibly illegal investment practices that the state Employees Retirement […]

Hedge fund Taconic Capital co-founder Brody to retire

Dec 3 (Reuters) – Kenneth Brody, who co-founded Taconic Capital Advisors LP after spending decades at Goldman Sachs, told clients on Tuesday that he plans to retire from day-to-day management at the $8.2 billion hedge fund at the end of […]

‘Quant’ Hedge Funds: Computer Says No

Business Insider: Hedge funds looking to spot and ride market trends are hoping for a fresh start IF SOMETHING has not worked for five years, most people would conclude that it was broken. Tell that to the geeks managing “quant” […]

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