Hedge Fund News From HedgeCo.Net

Category Archives: Developing Stories

Hedge Fund Sues Government Over Fannie & Freddie Bailout

New York (HedgeCo.Net) – Hedge fund Perry Capital is suing the federal government for allegedly seizing the profits of mortgage finance giants Fannie Mae and Freddie Mac illegally, WSJ reports. The lawsuit alleges that “The Treasury Department and the Federal Housing […]

Occitan Capital Partners To Shut Down, US Hedge Funds Snapping Up Employees

New York (HedgeCo.Net) – Dow Jones reports that London-based hedge fund Occitan Capital Partners will shut down due to 2 years of poor returns. The hedge fund was backed by asset managers Nomura and Boussard & Gavaudan. US hedge funds […]

Frontier hedge fund investors eye Iraq

Risk – A slate of telecoms IPOs and efforts to modernize banking regulations have some frontier market hedge funds enthused about prospects for Iraqi equities as institutional investors sit on the sidelines After a decade of war and destruction, efforts […]

Hedge Fund People: BTIG Expands in Australia

New York (HedgeCo.Net) – BTIG Australia Limited, the Australian affiliate of BTIG, LLC, is expanding its Sydney office with the appointment of Rob Farrington and Andrew Manchee. “Rob and Andrew have a great depth of experience covering a variety of […]

Hedge Fund Manager Convicted by Jury In Black Diamond Ponzi Scheme

New York (HedgeCo.Net) – A Federal jury has convicted a certified public accountant Jonathan D. Davey, 48, of Newark, Ohio, of four criminal charges relating to an investment fraud conspiracy, the FBI reports. The federal indictment, returned in February 2012, […]

Charges Allege $311 Million Global Hedge Fund Fraud Scheme

New York (HedgeCo.Net) – An indictment was filed and an information unsealed today charging two business associates in the hedge fund management industry with defrauding institutional investors and causing collective losses of more than $311 million, announced United States Attorney […]

Hedge Fund Launch: Neuberger Berman Introduces Dynamic Real Return Fund

New York (HedgeCo.Net) – Global employee-controlled money manager, Neuberger Berman Group LLC, has launched a multi-asset class fund to hedge against inflation. The Neuberger Berman Dynamic Real Return Fund leverages portfolio management capabilities across the firm, with investments in inflation sensitive […]

Year End Tax Update: Important Tax Issues to Consider

With President Obama re-elected, now is the time for hedge fund managers to consider some important tax issues and potential law changes.  The possible expiration of Bush-era tax cuts, enactment of several new provisions, and not much time left in […]

Hedge Fund Owned Hostess To Liquidate

New York (HedgeCo.Net) – Hedge fund owned Hostess, which has struggled in recent years with two bankruptcy filings, is shutting down, gone will be Twinkies and Wonderbread. Hostess is currently owned by hedge funds Silver Point Capital and Monarch Alternative Capital. […]

Hedge Fund Giant Man Down 10%

Tough performance environment persists • Funds under management down 10% to $52.7 billion • Adjusted PBT of $121 million (H1 2011: $231 million) • Statutory loss before tax of $164 million (H1 2011: profit of $70 million) • $233 million […]

AIMA Launches Middle East Hedge Fund Initiative

New York (HedgeCo.Net) – The global hedge fund association (AIMA) is building a network in the Middle East in the hopes of giving the local industry a voice in engaging with investors, policymakers and regulators. The initiative will be spearheaded […]

Teen Fashion Retailer Wet Seal Acts like a Teenager in Response to Clinton Partners acting like a Hedge Fund

New York (HedgeCo.Net) – You would think that a teen-focused retailer that has Carly Rae Jepson as a “spokesmodel” is used to dealing with drama. This week, South Florida based retailer, Wet Seal, focused their teenage angst onto hedge fund Clinton Partners. The kerfuffle began when […]

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