Hedge Fund News From HedgeCo.Net
Category Archives: HedgeCo News
Activist Hedge Fund Ups Its Sony Stake
New York (HedgeCo.Net) – Hedge fund Third Point has added five million shares in Sony Corp., taking its stake to 7% (up from 6.5%). Daniel Loeb and his hedge fund want Sony to spin off part of its entertainment arm that will include a Hollywood [...]
Hedge Fund Manager Pleads Guilty To An Elaborate Scheme To Defraud Investors
New York (HedgeCo.Net) – A North Carolina hedge fund manager who created fictional bank personnel to trick his auditor while he was defrauding investors has agreed to plead guilty to one count of securities fraud. James Shepherd, of Vass, North [...]
SEC To Reward Whistleblowers In Hedge Fund Fraud Case
New York (HedgeCo.Net) – In 2011 the SEC obtained an asset freeze against a Massachusetts hedge fund manager and his investment advisory firm. Now the SEC has said that it will award whistleblowers 15% of whatever it can collect from Andrey C. Hicks and [...]
The Dow Jones Credit Suisse Hedge Fund Index Finished Up 0.42% in May
New York (HedgeCo.Net) – The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) finished up 0.42% for the month of May. Performance for the Broad Index and its 10 sub-strategies is calculated monthly. April, May and YTD 2013 [...]
One Hedge Fund Manager’s War Against Corruption In Russia
New York (HedgeCo.Net) – Hedge fund founder and outspoken critic of corruption in Russia, Bill Browder, has told CNBC that he fears for his life and that if he were to be assassinated, “everyone would know who did it.” Browder’s [...]
Hedge Fund Research: $116 Billion Locked in Zombie Funds
New York (HedgeCo.Net) – Reuters reports that new data from Preqin shows that there are approximately 1,200 private equity funds that can be described as zombie funds sitting on $116 billion in assets. In a zombie fund, the GP is [...]
SEC Bars Imprisoned Level Global and Diamondback Hedge Fund Managers
New York (HedgeCo.Net) – The SEC, in a parallel civil claim, has barred hedge fund managers Anthony Chiasson and Todd Newman from associating with investment advisers, broker-dealers and other entities registered with the SEC. In the original criminal case, Level Global’s Chiasson was [...]
WF Asia Fund Wins Best Asian Hedge Fund Award
New York (HedgeCo.Net) – Over 300 hedge fund players showed up to commemorate 70 of the best performing Asian hedge funds for 2012. The Eurekahedge Asian Hedge Fund Awards 2013 marked the 10th anniversary of the event. This year saw a total of [...]
Goldman Sachs Ranks As Top Hedge Fund Prime Broker
New York (HedgeCo.Net) – Goldman Sachs is again the most popular choice for hedge funds in the Americas, topping the annual Absolute Return prime brokerage rankings for the second consecutive year. J.P. Morgan stuck to the second spot, while Credit Suisse leapfrogged over [...]
Romney Treats Hedge Fund Investors and Politicians To High Powered Retreat
New York (HedgeCo.Net) – The Washington Post reports that Mitt Romney hosted a retreat for lawmakers, investors, business leaders and the like at the five star alpine hotel the Stein Eriksen Lodge. Romney wanted to get all his investors together [...]
Hedge Fund Industry Association Head To Step Down
New York (HedgeCo.Net) – Reuters reports that Andrew Baker, Chief Executive Officer of the Alternative Investment Management Association (AIMA) will stand down at the end of 2013, he has been CEO since 2009. “It has been a fantastic honour to [...]
Man’s GLG Wins Leading Pan-European Hedge Fund Award
New York (HedgeCo.Net) – GLG Partners, the hedge fund manager Man Group bought three years ago, was Monday named leading pan-European hedge fund in the 2013 Thomson Reuters Extel Survey. Man Group shares are down 10.85% so far this week but are [...]
