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.

Charlie Ergen and hedge funds fighting over LightSquared loan

Dish Network Corp. Chairman Charlie Ergen is again fighting with a group of hedge funds that hold LightSquared’s bank debt, this time over which side should be providing a short-term bankruptcy loan to keep LightSquared afloat. In a Thursday filing […]

Hedge funds take fee cut, rework ’2- 20′ rule

Business Standard – Barely a year old, the Indian hedge fund sector is already experimenting with the global standard fee structure for such investment vehicles. Hedge funds the world over typically charge a two per cent management fee and also […]

Hedge Funds Reduce Gold Bull Bets Amid Record Outflows

Bloomberg – Hedge funds got less bullish on gold before prices dropped to the lowest level since 2010, leaving the metal poised for the worst annual loss in 32 years as investors dump bullion at a record pace. Money managers […]

Robert W. Wilson leaps to his death at 87; hedge-fund founder and philanthropist

Washington Post – Robert W. Wilson, a retired New York hedge-fund founder who committed his life to donating his fortune to charities, died Dec. 23 in Manhattan. He was 87. He leaped from his 16th-floor residence at the San Remo […]

Hedge fund manager Bill Ackman goes after Herbalife again

The Business Journal – Hedge fund manager Bill Ackman isn’t done with Herbalife. In a letter to investors this week, Ackman claims that allegedly sketchy recruiting methods used by Herbalife distributors is continuing, even though the company promised the methods […]

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 – 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. […]

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