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Category Archives: HedgeCo News

Multi-Strategy Hedge Funds Reach $337.5 Billion In 2015

New York (HedgeCo.Net) – Hedge funds were off to a good start in the first month of the year, Eurekahedge reports. Assets under management of multi-strategy hedge funds touched an all time high of $337.5 billion, with managers raking in performance-based […]

Manhattan Venture Partners Announces Board of Advisors

New York (HedgeCo.Net) – Manhattan Venture Partners, the research-driven merchant bank specializing in the secondary market for late stage private technology companies, today announced the formation of its board of advisors to strategically assist the company as it builds its […]

SS&C Technologies Acquires Hedge Fund Software Firm For $2.7 Billion

New York (HedgeCo.Net) – SS&C Technologies Holdings has acquired hedge fund software provider Advent Software, Inc. SS&C has 40 acquisitions under their belt so far, including GlobeOp in 2012 and DST Global Solutions in 2014. Under the terms of the agreement, […]

Hedge Fund Manager’s Son Indicted For Patricide

New York (HedgeCo.Net) – Thomas Gilbert Jr. has been indicted for killing his 70-year-old father, Gilbert Sr., with a semiautomatic pistol inside his parents’ apartment near the United Nation’s headquarters in New York City last month. Thomas Gilbert Jr was […]

Judge Georgette Mosbacher, CEO and President of Borghese, Inc. to Receive Founder’s Award

New York (HedgeCo.Net) – During the 17th Annual New York Open Your Heart to the Children Benefit, Georgette Mosbacher, CEO & President of Borghese, Inc., will be presented with the Hedge Funds Care/Help For Children (HFC) Founder’s Award. It is […]

Brevan Howard Executive Paul Harris Joins Carne Channel Islands

New York (HedgeCo.Net) – Carne Group has recruited Paul Harris, formerly a Director with Brevan Howard, to join Carne’s Channel Islands office. Paul’s appointment complements Carne’s existing governance capabilities in the Channel Islands, covering private equity, real estate, infrastructure and […]

Hedge Fund Centaur Launches Headquarters In New York

New York (HedgeCo.Net) – Dublin-based Centaur Fund Services is expanding its global presence with the opening of a new office and US Headquarters in New York. The office has been established by recently appointed America Head of Business Development, Bryan […]

Experts Discuss The Migration Of Hedge Funds To Palm Beach County

New York (HedgeCo.Net) – As blizzards wracked the Northeast, more than 300 financial and business professionals gathered in sunny West Palm Beach on Thursday, to hear an all-star panel address the continued growth of Palm Beach County as a financial […]

Conneticut Hedge Fund Adviser Sentenced To 13 Years Behind Bars

New York (HedgeCp.Net) – Venezuelan-American Francisco “Pancho” Illarramendi has been sentenced in Bridgeport, Conneticut to 156 months of imprisonment, followed by three years of supervised release, ABC reports. Illarramendi was convicted of orchestrating a Ponzi scheme that defrauded investors and […]

BNY Mellon and Deutsche Asset & Wealth Management Tie Up Outsourcing Deal

New York (HedgeCo.Net) – BNY Mellon has signed an agreement with Deutsche Asset & Wealth Management (Deutsche AWM) to provide real estate and infrastructure fund administration services, representing roughly $46.3 billion in assets under administration. Last July, BNY Mellon and Deutsche […]

Connecticut Hedge Fund Controller Admits To Embezzling $9 Million

New York (HedgeCo.Net) – Lawrence Herzing, the the former controller of hedge fund Contrarian Capital Management has pleaded guilty to one count of wire fraud stemming from his theft of more than $9 million from Contrarian, Reuters reports. Contrarian Capital […]

Citi Survey Forecasts 30% Decline in Hedge Fund Industry Profits Due to Poor Performance in 2014

New York (HedgeCo.Net) – Hedge fund industry profits in 2013 reached $31.2 billion but poor performance in 2014 cut that figure by 30% to only $21.9 billion, a loss of nearly $10 billion, Citi estimates in their 3rd Annual Hedge […]

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