Hedge Fund News From HedgeCo.Net

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Senate candidate invests in bailout recipients

Post Crescent – U.S. Senate candidate Eric Hovde has purchased a bank that received federal bailout money, even though the Republican hedge fund manager says he remains staunchly opposed to the program. When announcing his candidacy last month, Hovde stressed […]

Goldman Sachs Trader Raj Sethi Said to Quit, May Join Hedge Fund

Bloomberg – Raj Sethi, a managing director in Goldman Sachs Group Inc. (GS)’s commodity-derivatives trading group, quit after 14 years and may join a hedge fund, according to a person with knowledge of the matter. Sethi, 35, who once ran […]

Hedge Funds Fell 4.9% in 2011 as European Debt Crisis Hurt Global Stocks

Bloomberg: Hedge funds fell 4.9 percent last year as global stock markets slumped amid fears that the European sovereign-debt crisis would spread and managers struggled with increased market volatility. The Bloomberg aggregate hedge-fund index (BBHFUNDS) dropped 0.9 percent in December, […]

Hedge Fund Portfolio Manager Pleads Guilty

New York (HedgeCo.net) – President Barack Obama’s Financial Fraud Enforcement Task Force has gotten a conviction against Ward Onsa, the portfolio manager of New Century Hedge Fund Partners, LP. Ward pleaded guilty yesterday to securities fraud after soliciting more than $5 million as part […]

GFIA is cautiously optimistic about the future for Brazilian hedge funds

Opalesque - Singapore-based GFIA, hedge fund and particularly emerging market hedge fund specialists have revisited Brazil, a country that they had dropped from their intensive coverage due to lack of client interest. From 2004 to 2008, the firm were heavily involved […]

A Bunch Of Hedge Funds Just Got Burned By The Swiss Bank Intervention

Business Insider – A bunch of hedge funds that had been profiting off the incredible rise in the Swiss franc just got burned. This morning the Swiss Bank intervened, sending the Swissie down. The bank will buy an unspecified amount […]

Daniel Loeb’s Third Point Starts Reinsurance Company With $500 Million

Bloomberg – Daniel Loeb, the founder of Third Point LLC, started a reinsurance company that can invest in his $8 billion hedge fund, joining rival David Einhorn in seeking more permanent capital. Third Point Re, which is based in Bermuda, hired John […]

Model-driven hedge funds among losers in SNB shock

Reuters – Hedge funds, betting on globa lmarkets and driven by computer models, were among those hardest hit by Switzerland’s shock intervention on Tuesday to reverse profitable bets on the Swiss franc’s “safe-haven” status. The Swiss National Bank surprised investors […]

Pennsylvania Man Pleads Guilty to Role in $17.6 Million Investment Fraud

Bloomberg – A Pennsylvania man admitted to his role in a $17.6 million Ponzi scheme that defrauded more than 260 investors. Robert Stinson Jr., 56, of Berwyn, pleaded guilty in federal court in Philadelphia today to 26 charges, including wire fraud, mail […]

Do the Fed, computer trading, and a few hedge funds rule the market?

Slate – After the madness of last week and the rollercoaster at the beginning of this week, the stock market recovered from its Aug. 10 rout to bounce 423 points on Aug. 11. It was the fourth day in a row […]

Take It To The Limit

New Yorker – There is the current crop of Ohio Republicans, and then there are those who art in Heaven. A specimen of the former, ultimate destination unknown, is Speaker of the House John Boehner, a perpetrator (and, arguably, a […]

Altegris Advisors Launches Non Passive Index Hedge Fund

New York (HedgeCo.net)- Altegris Advisors has launched the Altegris Macro Strategy Fund. The Hedge Fund offer access for individual and professional investors to participate in the global macro approach to investing through an actively managed mutual fund. “Of all the […]

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