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Category Archives: HedgeCo News

Massachusets Retirement Board Accuses Fletcher Hedge Funds Of $50 Million Fraud

New York (HedgeCo.Net) – The Massachusetts Bay Transportation Authority (MBTA) Retirement Fund is suing New York hedge fund manager Alphonse Fletcher Jr., the Boston Globe reports. MBTA lost $25 million when Fletcher International Ltd, the master fund for the Fletcher group of hedge […]

Tech Hedge Fund To Return $2 Billion

New York (HedgeCo.Net) – Philippe Laffont, the founder of a $7 billion tech focused hedge fund has announced that he plans to return over $2 billion to investors in his flagship fund which was down 9% in March. Laffont’s hedge fund was seeded […]

Survey: Hedge Funds Struggling to Meet SEF Regulatory Preparedness

New York (HedgeCo.Net) – With the Dodd-Frank rule becoming effective for certain swaps to be mandatory when traded on Swap Execution Facilities (SEFs), a new survey by IPC Systems finds that the hedge fund industry is underprepared to meet the requirements of these […]

Eurekahedge 2014 Index Up $30 Billion In Q1, Down In April

New York (HedgeCo.Net) – Hedge funds started the first quarter of the year with another month of negative returns, down 0.18% in March as managers navigated through a choppy start to the year. However, strong returns posted by fund managers […]

N.J.-Based Brokerage Firm Charged With Manipulative Trading

New York (HedgeCo.Net) – The SEC has charged the owner of a Holmdel, N.J.-based brokerage firm with manipulative trading of publicly traded stocks through an illegal practice known as “layering” or “spoofing.” The SEC also charged the owner and others for […]

SEC Announces Additional $150,000 Payment to Recipient of First Whistleblower Award

The Securities and Exchange Commission today announced that the whistleblower who received the first award under the agency’s new whistleblower program will receive an additional $150,000 payout after the SEC collected additional funds in the case. The whistleblower, who the […]

CrowdAlliance Launches New Equity Technology Platform To Connect Companies and Accredited Investors

New York (HedgeCo.Net) – CrowdAlliance, part of the Asset Alliance group of companies, designed and developed a state-of-the-art technology platform for issuers and accredited investors to meet in a unique online interactive marketplace. The CrowdAlliance platform will enable accredited investors […]

Hedge Fund Merger: Investcorp and Eyck Capital Management

New York (HedgeCo.Net) – Investcorp’s US based hedge fund business is teaming up with UK manager Eyck Capital Management LLP to offer its investors’ access to a specialized event-driven and distressed credit strategy spanning the European opportunity set. The London-based investment […]

Liquid alternatives growing at faster rate than hedge funds, says Barclays study

The liquid alternatives industry is growing at a faster rate than traditional hedge funds as investor interest in these regulated structures shows no sign of abating, according to a study by Barclays Prime Services. The liquid alternatives space grew by […]

New York Hedgie Convicted Of Theft

New York (HedgeCo.Net) – Hedge fund founder and adviser Fredrick Douglas Scott, one of Ebony magazine’s “Top 30 under 30,” was sentenced to more than five years in prison for stealing over $1 million from investors. He pleaded guilty to engaging in a wire […]

Two Men Caught Trading on Confidential Information Gained Through Eavesdropping

New York (HedgeCo.Net) –  A man is being charged with violating a duty of trust by trading during a blackout window after he overheard work calls made by his wife. “Spouses and other family members may gain access to highly […]

World’s Biggest Hedge Funds Reach Record Highs

New York (HedgeCo.Net) – Absolute Return just went live with its latest Billion Dollar Club rankings and US hedge funds are now managing their all-time peak assets, with growth at levels not seen since before the financial crisis. Assets grew […]

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