Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

Scottish Vote Said to Push Hedge Fund to Brace for Turmoil

Bloomberg – East Lodge Capital Partners LLP is buying protection against losses on U.K. government debt and the pound before the Scottish independence vote in two weeks’ time, according to a person familiar with the matter. The London-based hedge fund […]

Court Orders Hearing on Citigroup Versus Hedge Fund Case On Argentina Threat

Wall Street PR – The diversified financial services provider Citigroup Inc (NYSE:C) has been advised to face a hearing by the U.S. judge on a subpoena of a hedge fund seeking proof of Argentina threat. The judge was also overseeing […]

Insider traders in U.S. face longer prison terms, Reuters analysis shows

Reuters – U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. The rise is at least partly driven by the bigger profits being earned through the illegal schemes, defense lawyers said. The trend is […]

Rafferty Asset Management Closing Five Leveraged Exchange-Traded Funds

PRNewswire – The Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and shutter five exchange-traded funds (“the Funds”) based on the recommendation of Rafferty Asset Management, LLC, the Trust’s advisor. Due to the Funds’ inability […]

UCITS Alternative Index – August 2014 Performance

UAI Benchmarks The UAI Global index progresses by 0.51% in August and is now up 1.12% since the beginning of year. The best performing strategy this month is CTA with a progression of 2.56%. Coming next are FX and Emerging […]

Hedge-fund billionaire’s wife says she was coerced into signing pre-nup

Chicago Sun Times – It looks like the gloves are off in the divorce of one of Chicago’s wealthiest couples. In an explosive response to the divorce filing from her husband, billionaire investor Ken Griffin, Anne Dias Griffin filed a […]

Hedge Funds Revel in Volatility as Gains Tag Along

Bloomberg – After posting three straight years of losses that thinned the ranks of hedge funds specializing in currencies, the foreign-exchange market is showing signs of rebounding. Parker Global Strategies LLC’s index of leading currency funds climbed 0.9 percent in […]

Concept Capital Markets, LLC Joins the Hedge Fund Association’s Global Thought Leadership Council

HFA – The Hedge Fund Association (“HFA”), a leading nonprofit trade and nonpartisan lobbying organization, announced today the addition of prominent prime brokerage firm Concept Capital Markets, LLC to its Thought Leadership Council. Concept Capital Markets joins fellow council members […]

Banks’ pressure stalls opening of U.S. derivatives trading platform

Reuters – The first interdealer trading platform aimed at opening up credit derivatives markets to new competition has hit roadblocks due to resistance from some banks that dominate such trading, according to several people familiar with the situation. Derivatives markets […]

SEC Sanctions Donald Brownstein’s Hedge Fund Over Conflicts Of Interest

Forbes – Donald Brownstein’s hedge fund firm has agreed to pay a $300,000 penalty to settle a Securities & Exchange Commission enforcement action that claimed the firm failed to adequately try to prevent conflicts of interest regarding investments in its […]

Manchester United Divides Hedge Funds’ Loyalties

WSJ – Some of Europe’s most powerful hedge fund managers are sharply divided on the outlook for English soccer club Manchester United = PLC, whose share price has declined recently along with its on-field performance. One of the most prominent […]

Hedge fund snapshot: $2.6 trillion in assets in 11,000 funds.

HITC – The research by alternative investment tracking company eVestment aggregated information from 10 databases that collect voluntarily submitted data by hedge funds. After cleaning the data and removing duplicates, eVestment found that there are 7,524 traditional hedge funds, 1,723 […]

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