Barrons - Be bullish. That’s the overarching message from the options market as it fills with talk of two major developments that suggest the stock market will keep rallying to new record highs. Major hedge funds are reportedly buying, or have [...]
Hedge Fund News From HedgeCo.Net
Goldman’s Mutual Fund of Hedge Funds targets 401(k) and individual portfolios
New York (HedgeCo.Net) – Goldman Sachs announced it was launching the Goldman Sachs Multi-Manager Alternatives Fund. This new mutual will invest directly in hedge funds which up until now have been only available to Accredited Investors. The fact sheet states [...]
Citi to boost Assets Under Administration with $4.2 billion mandate from NWI Management
New York (HedgeCo.Net) – Citi has been awarded a new mandate to provide hedge fund administration services to NWI Management LP (“NWI”), a New York-based investment adviser. The mandate covers private investment funds totaling over $3.1 billion in assets as [...]
Steven Cohen reported to close up SAC Capital in Insider Trading deal
New York (HedgeCo.Net) – We have reported the ongoing trouble that SAC’s Steven Cohen with Insider Trading allegations against traders at his firm SAC Capital. In January, 2011 after the first slate of investigations, Steven Cohen consoled his investors with [...]
Hedge Funds Investing In Junk Mortgage Bonds
New York (HedgeCo.Net) Hedge funds are speculating that some of the mortgage insurers hit the worst by the U.S. housing crisis will big winners in the rebound. Hedge funds Paulson & Co. and Maverick Capital have both made serious investments into the struggling sector. ‘Maverick, [...]
Cohen Subpoenaed to Testify In Hedge Fund Fraud Case
New York (HedgeCo.Net) - Hedge fund billionaire Steven A. Cohen has been subpoenaed to testify before a grand jury in an SEC insider trading investigation into his hedge fund, SAC Capital Advisors. Private-equity giant Blackstone Group, the hedge fund’s largest outside [...]
Goldman Launches Access To Hedge Funds For Only $1000
New York (HedgeCo.)net) – Goldman Sachs has plans to bring the trading strategies of Wall Street hedge funds to investors with as little as $1000, financial news source The Street Reports. “The bank’s investment management unit, Goldman Sachs Asset Management, [...]
Pershing and BNY Mellon Combine Bank and Brokerage Custody into a Single Service Offering
New York (HedgeCo.Net) – Pershing LLC, a BNY Mellon company, today announced that Pershing Advisor Solutions and BNY Mellon’s Wealth Management Advisor Custody Group, will now deliver a single-service integrated bank and brokerage custody offering. Advisors will no longer have [...]
AllianceBernstein’s Global Funds Win Top Industry Honors at Lipper Awards
New York (HedgeCo.Net) – AllianceBernstein announced today that nine of its funds spanning the fixed income, equities, emerging markets and technology sectors won a total of 35 top honors in Europe, Asia and the U.S. at this year’s Lipper awards. [...]
Institutional Hedge Fund Study: Investments To Reach $2.3 Trillion by 2017
New York (HedgeCo.Net) – Pensions & Investments report that global institutional investment in hedge funds will increase 56% to $2.3 trillion by year-end 2017 from the end of 2012. A new report by Citi,’The Rise of Liquid Alternatives & the [...]
India: Suicides Mount In Investment Ponzi Scheme
New York (HedgeCo.Net) – A director at a investment company based out of West Bengal, India has been killed and there have been 11 suicides among the victims of the scam reported so far, including a 16 year old wage-labourer who had invested in the [...]
UPDATE:Small Cap Hedge Funds show interest in edible Marijuana products from Latteno
New York (HedgeCo.Net) - Latteno Food Corp.’s wholly-owned subsidiary Green Cannabis, has rolled-out it’s first set of medical marijuana edible products consisting of Peanut Butter Cups, Chocolate Bars and Chocolate Chip Cookies all made out of Cannabutter. The peanut butter [...]
Billionaire Hedge Fund Manager Wants A Sony Spin-Off
New York (HedgeCo.Net) – Bloomberg reports that the founder of hedge fund Third Point is looking to breakup Sony Corp., after acquiring a 6.5 percent stake in the company. Daniel Loeb wants Sony to spin off part of its entertainment arm [...]


