Hedge Fund News From HedgeCo.Net

Citi Survey – Hedge Fund And Money Managers In Collateral Optimization

New York (HedgeCo.Net) – A new survey from Citi reports that rapid asset growth is occurring across a set of investment strategies that exist within a “convergence zone” where traditional money managers, hedge funds and even private equity firms are creating […]

Wall Street Gives Congress Just 8% Job Approval Rating

New York (HedgeCo.Net) – The results of a Wall Street Midterm Elections Survey by ConvergeEx Group are in, showing that Wall Street disapproves of Congress, Obama, and Washington in general. “We are looking at the worst relationship between the financial […]

The Number Of Billionaires Has Doubled Since The Financial Crisis

New York (HedgeCo.Net) – Economic inequality has reached extreme levels according to a 140 page Oxfam report (pdf). According to the charity, the number of billionaires (US$) worldwide totaled 1,645 people by March 2014 – up from 793 billionaires in March […]

Activist Hedge Fund Files Against Kabel Deutschland

New York (HedgeCo.Net) – One of Paul Singer’s activist hedge funds, Elliott Associates, L.P., has filed a lawsuit against Kabel Deutschland Holding AG and Vodafone, the WSJ reports. Elliott, which has a 13.5% stake in Kabel Deutschland (KDG) via the […]

Pershing Wins Top Hedge Fund Award for the Third Year in a Row at HFMWeek Awards

New York (HedgeCo.Net) – BNY Mellon company, Pershing LLC’s prime brokerage unit was named ‘Best Prime Broker—Custodial Solution’ for the third time in as many years at HFMWeek’s US Hedge Fund Services Awards ceremony in New York. “To be named […]

SEC Charges New Jersey-Based Hedge Fund Manager with Insider Trading

New York (HedgeCo.Net) – The Securities and Exchange Commission filed insider trading charges against a New Jersey-based hedge fund manager who allegedly used material, nonpublic information to trade in advance of market-moving news concerning Carter’s Inc. Stephen Slawson, who lives […]

Retired Hedge Fund Manager Tom Steyer Donates $71 Million For Green Focus At Midterms

New York (HedgeCo.Net) – Just in time for the mid-term elections, billionaire philanthropist and retired hedge fund founder Tom Steyer has donated an extra $15 million of his own money in to his super-pac, NextGen Climate Action Fund. Steyer, an activist […]

SEC Names Hedge Fund Specialist To Run It’s National Exam Program

New York (HedgeCo.Net) – Marc Wyatt has been named Deputy Director of the agency’s Office of Compliance Inspections and Examinations (OCIE). Before joining the SEC, Wyatt was a principal and senior portfolio manager at Stark Investments, a global multi-strategy hedge […]

Rajaratnam Agrees To Pay $840 Thousand To Settle Hedge Fund Insider Trading Case

New York (HedgeCo.Net) – Former hedge fund manager Rengan Rajaratnam has agreed to pay more than $840,000 and accept securities industry bars in order to settle the agency’s insider trading case against him. The SEC filed civil charges in March […]

Hedge Fund Giants Join Up To Raise $6 Million For Charity

New York (HedgeCo.Net) – Hedge fund sponsored event, Robin Hood, yesterday concluded its 2nd annual Investors Conference, raising $6 million to support hundreds of the most effective job-training programs, schools, soup kitchens, shelters and other poverty-fighting programs throughout New York […]

Hedge Fund RCB Launches Five New ETFs

New York (HedgeCo.Net) – RBC Global Asset Management is launching five new Exchange Traded Funds (ETFs) specifically designed to meet the needs of investors and advisors for income, access to international markets and reduced exposure to foreign currency risk. All […]

Ontario Teachers’ Pension Plan Invests In NY Hedge Fund

New York (HedgeCo.Net) – The Ontario Teachers’ Pension Plan, the largest single-profession pension plan in Canada with C$140.8 billion of net assets, has agreed to acquire a 29.7% interest in USD 10 billion hedge fund Pamplona Capital Management’s CSC ServiceWorks. […]

Q3: Investors Allocate $11.4 Billion To Event-Driven Strategies

New York (HedgeCo.Net) – Total hedge fund capital increased to a record level in the third quarter as financial market volatility increased into quarter-end, with inflows concentrated in Event Driven and Fixed Income-based Relative Value Arbitrage strategies, according to the latest HFR Global […]

Hedge Fund Management Fees Are Subject to Social Security Taxes

New York (HedgeCo.Net) – Eurekahedge reports in an article by Mark Leeds and Mayer Brown that a recent Internal Revenue Service (IRS) audit ruling highlights planning traps that can dramatically affect when Social Security taxes can be imposed. On September 5, […]

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  • A Hedge Fund Manager Vanished After Credit Suisse Accidentally Wired Him $1.5 Million
    Yesterday, October 31, 2014 : Permalink

    Business Insider – Last January, Credit Suisse wired $1.5 million to hedge fund manager Joseph B. Galbraith. One month later he disappeared off the map. According to a New York Times report, two weeks after Credit Suisse wired the money in three transactions […]

  • Two Sigma Raises $3.3 Billion for New Macro Hedge Fund
    Yesterday, October 31, 2014 : Permalink

    Bloomberg – Two Sigma, an investment firm that uses computer models to bet on markets, raised $3.3 billion for a macro hedge fund in one the largest new pools of such capital raised since the 2008 financial crisis. Investors sought […]

  • Tourbillon Hedge Fund Wins Shorting MannKind, GT Advanced Shares
    Yesterday, October 31, 2014 : Permalink

    Bloomberg – Tourbillon Capital Partners LP, the hedge fund started last year by Jason Karp, said investments betting against MannKind Corp. (MNKD) and GT Advanced Technologies Inc. (GTATQ) paid off as shorting stocks contributed most to its profits last quarter. […]

  • Simon Lack Says Hedge Fund Mirage Validated
    Yesterday, October 31, 2014 : Permalink

    ValueWalk – Simon Lack, author of “The Hedge Fund Mirage,” feels vindicated that many hedge fund managers have embraced some of his original comments critical of the hedge fund industry. In an interview with the Brandes Institute, the former CEO […]

User Contributed News
  • Magnus Carlsen vs. Seniority
    Tuesday, October 28, 2014 : Permalink

    By Andrew Lerner Managing Partner, IA Capital Group andy@iacapgroup.com Last year Magnus Carlsen defeated Viswanathan Anand to become world chess champion. Carlsen, 22, convincingly beat Anand, 44, a top grandmaster since 1988, two years before Carlsen was born. A chess […]

  • ABC Quant Launches a New Cloud Risk Platform Powered by LuxHedge Database
    Thursday, October 16, 2014 : Permalink

    LuxHedge S.A., a premier provider of Alternative UCITS funds’ data, today announced that ABC Quant, LLC, a leading provider of risk management analytical solutions for the hedge fund industry, launched Risk Shell LuxHedge Edition. The new cloud-based application, powered by […]

  • Why Obama’s Policies Are Killing Small Financial Services Businesses
    Wednesday, October 15, 2014 : Permalink

    By Andrew Lerner Managing Partner, IA Capital Group I like President Obama, but despite my personal views I have to be honest: the regulations he has championed have been devastating to small businesses in financial services. Here’s a sector-by-sector breakdown: […]

  • SS&C unveils integrated front- to back-office solution for hedge funds
    Friday, October 10, 2014 : Permalink

    SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of financial services software and software-enabled services, today unveiled its integrated front- to back-office technology platform for hedge funds. The end-to-end offering features a comprehensive Order Management System (OMS), including state-of-the-art […]

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