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Category Archives: HedgeCo News

Man Reports $72.9 Billion In Funds Under Management For 2013

New York (HedgeCo.Net) – Hedge fund giant Man Group plc today announced the results for the financial year ending 31 December 2014. Funds under management (FUM) are reported up 35% to $72.9 billion (31 December 2013: $54.1 billion.) “2014 marked […]

Hedge Fund Crime Ring Uncovered, A Dozen Criminals Brought to Justice

New York (HedgeCo.Net) – Nearly a dozen fraudsters who conspired to operate the $40 million Black Diamond hedge fund Ponzi scheme will be spending plenty of time behind bars after a joint effort by the FBI, the Internal Revenue Service, […]

Man Group Expands GLG Hedge Fund Arm In Japan

New York (HedgeCo.Net) – Man Group is adding to its portfolio by acquiring the Tokyo based Japan Long Short Equity Strategy fund, the investment management business of NewSmith LLP, an equity investment manager with $1.2 billion of funds under management. […]

Hedge Fund Manager Sentenced To 5 Years For Scamming Veterans, Retirees, Hurricane Katrina Victims

New York (HedgeCo.Net) – A Louisiana hedge fund manager has been sentenced to sixty months’ imprisonment as a result of a mail fraud scheme in which he defrauded investors out of millions of dollars, the DOJ reports. Zachary Holdman was […]

Illinois Teachers’ Retirement System To Invest Over $1 Billion In Hedge Funds

New York (HedgeCo.Net) – Illinois had decided to invest in a woman-run global macro strategy hedge fund. The Teachers’ Retirement System Board of Trustees today approved series of investments totaling $905 million, including an initial $50 million commitment through the System’s […]

Hedge funds post small gain in January

New York (HedgeCo.Net) – Hedge funds were up 0.03% overall in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge. “Central banks took centre stage in January’s financial turmoil as the Swiss National Bank unexpectedly abandoned its currency […]

Man Group To Lead China Hedge Fund Program

New York (HedgeCo.Net) – Hedge fund giant Man Group plc was chosen to head up the Shanghai Qualified Domestic Limited Partner (QDLP) program, which allows qualified high net worth individuals and institutional investors in China to invest in hedge funds overseas. Man […]

Blackstone Hires 20 Military Service Members Transitioning Into Private Sector

New York (HedgeCo.Net) – Blackstone-backed Vivint Solar has offered  jobs to the 20 graduates of the United States Department of Energy’s, ‘Reach for the Sun’ pilot program. Blackstone Group LP, the world’s largest hedge fund manager, acquired the company in […]

Several Hedge Funds Sold Positions In Apple Fourth Quarter

New York (HedgeCo.Net) According to a recent report by CNBC, several high profile hedge funds sold all or part of their positions on Apple Inc. (Nasdaq: AAPL) during the fourth quarter of 2014. Greenlight Capital cut its stake in Apple during […]

UCITS Hedge Fund Strategy Index Up 1.09% In January 2015I

New York (HedgeCo.Net) – Having finished 2014 with a modest performance of 1.62%, the UCITS HFS Index starts positively into the year with gains of 1.09% in January 2015. After the first full week of trading the broad index returned […]

Hedge Fund Outflows Double That Of 2014

New York (HedgeCo.net) – Compensated for by strong performance-based gains of $21.5 billion, net asset outflows for the hedge fund industry stand at $3.2 billion, nearly twice the outflows for the same period last year, Eurekahedge says in its February report. […]

“Werewolf” Hedge Fund Manager Charged After Claiming To Be Dead To Avoid Investors

New York (HedgeCo.Net) – A New York “hedge fund manager” has been charged with stealing money from his investors by the SEC. USA today reports that Moazzam “Mark” Malik, originally from Pakistan, overdid it a bit with outrageous claims, saying […]

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