Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

Hedge Funds: Don’t Call Us a Hedge Fund

WSJ – One of the keys to running a hedge fund is learning how to say you don’t. Grappling with years of uneven performance, image problems and deep-pocketed clients who have publicly distanced themselves from the industry, hedge-fund managers are […]

Cooperman’s Omega Hedge Fund Receives Federal Subpoenas

Bloomberg – Leon Cooperman’s $9.4 billion hedge fund firm Omega Advisors was subpoenaed by the U.S. Attorney’s Office in New Jersey and the U.S. Securities and Exchange Commission, which are seeking information on trading in certain securities. Cooperman, the billionaire […]

Nikkei falls to more than 1-week low as hedge funds take profits before quarter end

Reuters – Japan’s Nikkei share average gave up early gains and fell to its lowest level in more than a week on Friday, led by futures selling as hedge funds took profits from its recent rise. The Nikkei benchmark fell […]

Female hedge fund manager seeking senior role? Head to Hong Kong

The Tally – Women hedge fund managers wanting to climb to the top of their profession might want to avoid London and look further east, according to data published earlier this month by Preqin. As the below chart shows, Hong Kong […]

Billionaire Julian Robertson Jr.’s hedge fund to shut down

NewsDay – A hedge fund initially funded by Locust Valley billionaire Julian Robertson Jr. will shut down, according to a Bloomberg report. The Manhattan fund, TigerShark Management, will return about $100 million to investors at the end of March, according […]

Lender, hedge fund face off over fate of RadioShack

ABC – A legal brawl between lenders erupted in bankruptcy court on Wednesday on the eve of a court hearing to consider results of an auction of RadioShack Corp. assets this week. Salus Capital Partners, which provided a term loan […]

Imprisoned hedge fund founder seeks to void insider trading conviction

Reuters – Former hedge fund manager Doug Whitman, the first defendant in a broad U.S. insider trading crackdown to testify in his own defense, is seeking to void his conviction. Whitman, 57, who has been imprisoned since early September, on […]

David Burnett Appointed as Head of Northern Trust Hedge Fund Services in Europe, Middle East and Africa

To support the continued momentum of Northern Trust’s hedge fund administration business, Northern Trust (Nasdaq:NTRS) has appointed David Burnett as head of Northern Trust Hedge Fund Services in Europe, Middle East and Africa (EMEA). Based in London, Burnett will lead […]

Lawmaker Proposes Bipartisan Insider-Trading Ban

WSJ – A House lawmaker whose Connecticut district is home to one of the highest concentrations of hedge funds introduced bipartisan legislation Wednesday that would ban insider trading, taking aim at a financial crime that has tripped up some of […]

Hedge Fund Boss Steps Up Fight for Bigger Vivendi Payout to Shareholders

WSJ – A disagreement between Vivendi SA and one of its shareholders gathered pace on Tuesday, as a prominent U.S. hedge fund tried to rally support from other shareholders in its quest to obtain higher dividends, while Vivendi resisted. P. […]

Could this hedge-fund operator rescue McDonald’s stock?

Crain’s – Larry Robbins isn’t the first hedge-fund operator to see gold in McDonald’s real estate, but his timing is better. When William Ackman went public a decade ago with a restructuring proposal that would have leveraged the burger chain’s […]

Lead Manager to Step Down From ‘Chocfinger’ Hedge Fund

WSJ – One of the lead managers at Armajaro Asset Management LLP, a London-based hedge fund that once purchased 7% of the world’s supply of cocoa, is stepping back from day-to-day management. John Tilney, 60, a former veteran of commodity […]

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