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Category Archives: HedgeCo News

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 […]

Financiers To Discuss The Emergence Of Palm Beach County As A Financial Hub

New York (HedgeCo.Net) – As hedge funds, investors and financial services firms continue to migrate to Palm Beach County, FL, the Business Development Board of Palm Beach County is hosting a special luncheon for financial professionals on the 29th of […]

Hedge Fund Manager Gets 21 Years For Black Diamond Fraud, 10 Conspirators Get Jail Time

New York (HedgeCo.Net) – Ohio-based hedge fund manager Jonathan D. Davey has been sentenced to 21 years in prison for his role in Ponzi scheme that defrauded victims of more than $40 million, the FBI reports. All federal sentences are […]

AIMA: Helping Trustees Navigate The Hedge Fund Sector

New York – (HedgeCo.Net) – The Alternative Investment Management Association (AIMA), the global hedge fund association, and the CAIA Association, the global leader in alternative investment education, have jointly published the first of a series of educational papers about hedge […]

Total Assets In Investment Alternative Approaches $7 Trillion

New York (HedgeCo.Net) According to Preqin’s 2015 Global Alternatives Report, the global alternative assets industry is closing in on $7 Trillion in total assets. This total includes hedge funds, private equity, private debt, real estate and infrastructure funds, but it […]

Hedge Fund Asset Growth From Several Fronts

New York (HedgeCo.Net) Earlier this month it was reported that hedge fund inflows in 2014 were the highest they had been since 2007. Last week, the SS&C GlobeOp Forward Redemption indicator showed that withdrawal requests dropped to 2.49% in January. […]

Earnings Season Producing Mixed Results So Far

New York (HedgeCo.Net) Through the first two weeks of earnings season, the results are somewhat mixed with a high number of companies beating expectations, but the growth rates on both earnings and revenue are running lower than recent quarters. So […]

Ohio Hedge Fund Manager Accused of Defrauding Investors of $5.5 Million

New York (HedgeCo.Net) – An eight-count federal indictment has been returned charging Geoffrey W. Nehrenz for his role operating a hedge fund Ponzi scheme in which 19 investors were defrauded out of approximately $5.5 million, law enforcement officials said. Between […]

Study: ETF Assets To Exceed $5 Trillion By 2020

New York (HedgeCo.Net) – Professionally managed financial investments globally are predicted to grow at 6 percent annually to reach $100 trillion by 2020, according to a new report by PwC. ETFs will pay a prominent role in this growth, as […]

Weavering Hedge Fund Boss Gets 13 Years In Jail

New York (HedgeCo.Net) – After a long and drawn out trial regarding the collapse of the UK’s largest hedge fund, Weavering, which went down in 2009 with more than $530m of losses, founder Magnus Peterson has been sentenced to 13 years […]

Standard & Poor’s To Pay $77 Million For Ratings Violations

New York (HedgeCo.Net) – Standard & Poor’s has agreed to pay more than $58 million to settle SEC charges rising from a series of federal securities law violations by Standard & Poor’s Ratings Services involving fraudulent misconduct in its ratings […]

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