Hedge Fund News From HedgeCo.Net

Category Archives: Hedge Fund Strategies

Warren Buffet Acquires Phillips 66 Affiliate

New York (HedgeCo.Net) – Business magnate and philanthropist Warren Buffet announced plans to buy an affiliate of energy manufacturing and logistics company Philips 66. Phillips Specialty Products Inc. (PSPI), develops polymers that reduce drag help improve flow potential in pipelines. “I have […]

Hedge Fund Investor Blackstone Buys Up $200 Million In Crocs Shares

New York (HedgeCo.Net) –  An affiliate of hedge fund investor giant Blackstone has acquired $200 million in newly issued series A convertible preferred stock in innovative casual footwear company Crocs, Inc. In connection with the investment, Crocs announced that it intends to revise its capital structure […]

Hedge Fund Regulation: Banks Want CDO Exception To Volcker Rule

New York (HedgeCo.Net) – The SEC and other federal regulars are reviewing whether or not certain CDOs backed by trust preferred securities should be subjected to new regulation under the final Volcker rules. Reuters reports that this would be the […]

JOBS Act: Surfing Hedge Fund Video Goes Viral In Financial Circles

New York (HedgeCo.Net) – In November of this year $100 million hedge fund investor Topturn Capital aligned itself with professional Australian surfer Joe Curren. Today, the hedge fund reports that over 6,000 people watched the marketing pitch in four days, easily […]

California Hedge Fund Invests $50 Million In Snapchat

New York (HedgeCo.Net) – California-based hedge fund Coatue Management has invested $50 million in Snapchat, the photo messaging application developed by Stanford University students Evan Spiegel and Robert Murphy. The hedge fund is run by brothers Phillipe and Thomas Laffont, who recently released incorporation documents suggesting Snapchat may […]

Coming Soon: “Reality” Hedge Fund TV

New York (HedgeCo.Net) – A hedge fund group is introducing a six part “reality” TV show called Hedge Fund Lions’ Den (HFLD). The show will feature three “lions” or heads of the current hedge fund industry, Luke Ellis, the president of of […]

Industry Record: Hedge Fund Assets Reach $1.97 Trillion

New York (HedgeCo.Net) – All hedge fund strategies, excluding relative value, were in the positive in November, Eurekahedge reports today. Fixed income fund managers lead the pack with returns of 7.28% during the month. The handful of fixed income funds […]

SAC’s Cohen Told SEC Hedge Fund Friend Advised Wyeth Share Sale

Bloomberg – SAC Capital Advisors LP founder Steven Cohen told U.S. regulators a decision to sell shares at the heart of a $276 million dollar insider-trading case going to trial next month was based on advice from outside his firm. Lawyers […]

Fifth Third Bancorp Charged With Improper Accounting During Financial Crisis

New York (HedgeCo.Net) – The SEC has charged the holding company of Cincinnati-based Fifth Third Bank and its former chief financial officer with improper accounting of commercial real estate loans in the midst of the financial crisis. Fifth Third agreed […]

Hedge Fund Investing: The SEC Roundtable On Proxy Advisors

New York (HedgeCo.Net) – The SEC over the weekend announced the agenda and panelists for its December 5 staff roundtable on the use of proxy advisory firm services by institutional investors and hedge fund investment advisers. The roundtable panelists are: […]

Hedge Funds Name Ogier Cayman ‘Top Offshore Law Firm’ for Third Consecutive Year

New York (HedgeCo.Net) – U.S. fund managers participating in the 2013 Hedge Funds Review Service Provider Rankings have ranked Ogier number one among competitors for a third straight year. “We greatly appreciate this latest recognition from the funds industry in […]

Terrapin Buys Hedge Fund Advisory Arm Of Hennessee

New York (HedgeCo.Net) – Hedge fund adviser Terrapin Asset Management LLC., yesterday announced that it has acquired the hedge fund and private equity fund advisory business of Hennessee Group LLC. Hennessee’s hedge fund advisory business was founded in 1987 by […]

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