Hedge Fund News From HedgeCo.Net


Category Archives: Syndicated

Targeted by U.S. Prosecutor, Hedge Fund Fights Back

NYT – On a crisp fall morning, F.B.I. agents staged a surprise raid of three hedge funds, feeding the growing national reputation of the prosecutor Preet Bharara as the new sheriff of Wall Street. Now more than four years and […]

Investors Pull $800 Million From Fortress Fund

WSJ – Investors asked to withdraw nearly $800 million from Fortress Investment Group LLC’s flagship hedge fund over the past few months, a new setback for the closely followed manager Michael Novogratz. The redemption tally, disclosed during Fortress’ fourth-quarter earnings […]

Scotland Suspends Judge Linked to Collapsed Hedge Fund Heather Capital

WSJ – Scottish legal authorities have suspended a part-time judge with a former connection to collapsed hedge fund Heather Capital. Sheriff Peter Watson was suspended from office at the start of last week, according to a statement on the Judicial […]

Ex-hedge fund manager who cooperated in Galleon probe avoids jail

Fortune – A former hedge fund manager who provided evidence for dozens of insider trading convictions, including that of Galleon Group hedge fund founder Raj Rajaratnam, avoided prison on Wednesday at his sentencing in Manhattan federal court. Thomas Hardin, who […]

Porsche May Win Dismissal of Hedge-Fund Appeal, Court Says

Bloomberg – Porsche Automobil Holding SE shares rose as much as 2.9 percent after a German court said the company was likely to win the first appellate case over claims the carmaker lied during its failed 2008 bid to acquire […]

Ex Goldman Director Launches Bitcoin Derivatives Brokerage

Crypto Facilities Ltd, a London-based broker run by former Goldman Sachs Executive Director Timo Schlaefer, announced today the launch of its bitcoin derivatives trading platform http://www.cryptofacilities.com. The platform initially hosts a Forward contract on the USD price of bitcoin. The […]

Juniper okays Elliott Management’s board nominees

The Register – Juniper Networks and activist investor Elliott Management are fluttering the “peace in our time” paper, with the network ironmonger agreeing to appoint two new Elliot-approved directors to its board. The deal will hopefully give the company some […]

Hedge fund: ‘Distressed cycle’ for energy coming

CNBC – Another big hedge fund manager is getting ready to make money on the crash in energy prices. “For the first time in years, the high-yield selloff has created opportunities to buy sound, albeit leveraged, companies at expected compound […]

$450,000 for a Vacation? Inside a Billionaire’s Divorce

NBC – The divorce of hedge fund billionaire Ken Griffin just keeps on providing revelations about the couple’s spending. Last month, we learned that the family spent $1 million per month in expenses related to their three kids. The filings […]

Biggest Hedge Fund Run by a Woman Emerges After Braga Spinoff

Bloomberg – Leda Braga stood on a stage at Geneva’s InterContinental hotel this month and began singing “Happy.” “Can’t nothing bring me down,” the hedge-fund manager known to some as Lady Braga shouted to about 80 employees, her voice hoarse […]

Ex-hedge fund analyst pleads guilty in NYC to copying trading code

Reuters – A former analyst for hedge fund Two Sigma Investments pleaded guilty in New York state court on Tuesday to stealing proprietary trading models from his employer. Kang Gao, a Chinese national, pleaded guilty to one count of unlawful […]

Billionaire John Paulson Backs Valeant’s Takeover Of Salix Pharmaceuticals Amid Consolidation Bet

Forbes – Paulson & Co. is supportive of Valeant Pharmaceuticals $158 a share takeover of Salix Pharmaceuticals, after the merger focused hedge fund added to its bets on the consolidation of the pharmaceutical sector in the fourth quarter by taking […]

Related Posts Plugin for WordPress, Blogger...