Hedge Fund News From HedgeCo.Net

Category Archives: Developing Stories

Rhode Island Pulls Hedge Fund Allocations

New York (HedgeCo.Net) – The Rhode Island State Investment Commission has voted to pull its $50 million allocation out of  hedge fund Third Point. “The commission’s decision was simply part of the usual monitoring and managing of the retirement portfolio and […]

UCITS HFS Index finishes year on a high, up +0.27% in December 2013

The UCITS HFS Index continues in the same vain as in November and reports gains of 0.27% again for December 2013. The broad index started negatively into the month with losses of -0.29% in week one. The second week of […]

Hedge Fund Founder Dondero Faces Former Colleague In Jury Trial

New York (HedgeCo.Net) – James Dondero, a co-founder at hedge fund Highland Capital Management, is set to face a jury trial against a former colleague who has an ongoing defamation suit against the firm, The Dallas Morning News reports. The hedge […]

Hedgie Jeffrey Epstein Backs The Elton John AIDS Foundation

Jeffrey Epstein Foundation and the Elton John Aids Foundation have retracted the press release the story is based on. Updates to come soon. Alex Akesson Editor for HedgeCo.net alex@hedgeco.net HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership […]

Hedge Fund GLG Sued By Tabloid Magnate

New York (HedgeCo.Net) – The founder of the Northern & Shell media group which publishes sex and celebrity magazines is suing GLG, one of Man Group’s hedge funds, “for losses on an investment he (Richard Desmond) said was too complex […]

Volcker Rule: New Legislation May Affect Hedge Fund Prime Brokers

New York (HedgeCo.Net) – As regulators prepare to vote on the proposed Volcker legislation that restricts banks from making risky bets, Albert Kyle at the University of Maryland says that the new rules may make hedge fund investments riskier unless their broker dealers […]

High Speed Trader Charged With Manipulating Futures Contracts To The Tune Of $20 Million

New York (HedgeCo.Net) – The CFTC has filed a civil an enforcement action in New York against Donald R. Wilson and his company, DRW Investments, for unlawfully manipulating the price of a futures contract. The CFTC claims that the defendants […]

Hey Banksy: Hedge Fund Manager To Go Ahead With Sandy Donations

New York (HedgeCo.Net) – Hedge fund manager Nelson Saiers has updated us here at HedgeCo saying, ” On the eve of Sandy, I’ve decided to waive the criterion on Banksy and just donate the money to benefit underpriviledged children. I still have […]

Hedge Fund Manager Endorses Bitcoin

New York (HedgeCo.Net) – Michael Novogratz, co-CIO of macro funds at hedge fund manager Fortress Investment Group has said that Bitcoin could be used as a cheaper way of transferring money in countries with weak banking systems. “Put a little […]

Will New SEC Rules Allowing General Solicitation By Hedge Funds Impact Florida Businesses

New York (HedgeCo.Net) – Miami Finance Forum and Bilzin Sumberg will be hosting and presenting a panel discussion of certain implications and anticipated market developments resulting from the SEC’s recent rule amendments allowing general solicitation of investors in private placement […]

Former Centaurus Hedge Fund Founder Donates $10 Million During Government Shutdown

New York (HedgeCo.Net) – Former hedge fund manager John Arnold and his wife have pledged up to $10 million in an effort to fund Head Start programs that could no longer operate due to the government shutdown. “Early childhood programs for […]

Buffett Compares Federal Reserve To Hedge Funds

New York (HedgeCo.Net) – “The Fed is the greatest hedge fund in history.” Hedge fund pioneer and billionaire philanthropist Warren Buffett said while delivering a speech to the students at at Georgetown University in Washington. The Fed is generating “$80 billion or $90 […]

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