Hedge Fund News From HedgeCo.Net

Category Archives: HedgeCo News

Citigroup To Stop Selling Hedge Fund Investments

New York (HedgeCo.Net) – Citigroup Inc has been restricted from selling hedge funds investments and private-equity funds to high net worth clients, the WSJ reports. Citigroup, in JUly of this year, has also agreed to pay approximately $7 billion for its […]

Man Group Expands US Hedge Fund Business With Acquisition Of Pine Grove

New York (HedgeCo.Net) – Man Group plc has acquired US-based fund of hedge fund manager Pine Grove Asset Management LLC., which has approximately $1.0 billion in assets under management. The transaction enhances Man Group’s presence in the US and adds […]

Preqin Report: Investors To Maintain Hedge Fund Holdings

New York (HedgeCo.Net) – Hedge fund performance was mixed in the first half of the year, with almost all strategy benchmarks for 2014 YTD returning less than in the same period last year, the Preqin Investor Outlook: Alternative Assets, H2 2014, […]

Hedge Fund Manager & “Martha Stewart of Marijuana” Co-Hosts The Global Cannabis Summit

New York (HedgeCo.Net) – Cheryl Shuman, the first Cannabis entrepreneur to manage a $100 million hedge fund to invest in the cannabis businesses, has been called upon to consult and co-host at the GreenRush Financial Conference being held in Seattle, […]

BoA Admits Disclosure Failures to Settle SEC Charges, $245 Million Settlement

New York (HedgeCo.Net) – The SEC reports today that The Bank of America (BoA) has admitted that it failed to inform investors during the financial crisis about known uncertainties to future income from its exposure to repurchase claims on mortgage […]

New CIP Requirements Proposed By FinCEN

New York (HedgeCo.Net) – FrontLine Compliance reports that FinCEN is proposing new rules for broker-dealers and mutual funds. The latest proposal would require firms to update their CIP Programs for legal entity customers, such as partnerships, corporations, and limited liability companies. […]

SS&C GlobeOp Forward Redemption Indicator: August notifications 4.19%

New York (HedgeCo.Net) – Today SS&C GlobeOp announced that its Forward Redemption Indicator for August shows notifications of 4.19%. This figure is up from 3.15% in July. SS&C GlobeOp’s data on the GlobeOp platform represents approximately 10% of the hedge […]

AIMA: The Case For Hedge Funds

New York (HedgeCo.Net) – The Alternative Investment Management Association (AIMA), the global hedge fund industry body, has published “The Case for Hedge Funds”, a compilation of AIMA’s thought-leadership research since the global financial crisis. The 28-page booklet summarises the themes […]

Hedge Fund Background Investigations – Investigative Due Diligence Trends and Techniques

New York (HedgeCo.Net) – In an effort to discuss the current state of investor approaches to hedge fund background investigations, Corgentum Consulting announced that they will be hosting a free webinar titled, “Hedge Fund Background Investigations – Investigative Due Diligence Trends […]

SEC Releases Hedge Fund Data From Dodd-Frank PF Filings

New York (HedgeCo.Net) – The release of an annual report by the SEC to Congress under the new Dodd-Frank regulatory reform legislation shows the results of the data collected from private funds in 2014. Private Fund Regulatory Assets Under Management […]

Wedbush Charged BY FINRA For Systemic Market Access Violations, Anti-Money Laundering and Supervisory Deficiencies

New York (HedgeCo.Net) – The Financial Industry Regulatory Authority (FINRA) on Friday filed a complaint against Los Angeles-based Wedbush Securities Inc. for systemic supervisory and anti-money laundering (AML) violations in connection with providing direct market access and sponsored access to […]

Hedge Fund Assets Up By $62.6 Billion In 2014

New York (HedgeCo.Net) - US hedge fund AUM went past the $1.4 trillion mark, with assets growing by $62.6 billion in 2014, new data from independent data provider and research house Eurekahedge shows. Long/short equity, fixed income and multi-strategy funds retained the top […]

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