Hedge Fund News From HedgeCo.Net


Maiden Hedge Fund Manager Pleads Guilty, Released on $50,000 Bond

New York (HedgeCo.Net) – Charlotte hedge fund manager Stephen Ewing Maiden has pleaded guilty to securities fraud for hiding investment losses that cost his victims at least $8.9 million, and was released on a $50,000 unsecured bond until sentencing. “U.S. Magistrate Judge David [...]

SALT 2013 – A review of the SkyBridge Annual Hedge Fund Conference in Vegas

New York (HedgeCo.Net) – Evan Rapoport, HedgeCo CEO recently attended the 5th Annual SALT Conference in Las Vegas. In his blog, Capital Introduction, Evan Rapoport gives an overview of this year’s events, people & parties. Not mentioned in this story [...]

Hedge Fund Administration firm Northern Trust wins Custody Risk Magazine Award

New York (HedgeCo.Net) – For the second consecutive year, Northern Trust has been recognized for both transition management and hedge fund administration by Custody Risk magazine, which recognizes outstanding achievement in the securities services industry with its Americas Awards 2013. “These [...]

Occitan Capital Partners To Shut Down, US Hedge Funds Snapping Up Employees

New York (HedgeCo.Net) – Dow Jones reports that London-based hedge fund Occitan Capital Partners will shut down due to 2 years of poor returns. The hedge fund was backed by asset managers Nomura and Boussard & Gavaudan. US hedge funds [...]

Rajat Gupta Challenges Hedge Fund Insider Trading Conviction, Chiesi Released

New York (HedgeCo.Net) – Ex-Goldman executive Rajat Gupta’s lawyers have requested a re-trial regarding his conviction in last year’s billion dollar hedge fund scandal. “Defense lawyer Seth Waxman told the 2nd U.S. Circuit Court of Appeals in New York that [...]

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 [...]

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  • Beware of that hedge fund in the window
    Today, May 24, 2013 : Permalink

    FORTUNE — Hedge funds soon will be allowed to advertise their wares to potential clients, thanks to a provision in last year’s JOBS Act (which had no direct relation to actual jobs). As will private equity funds, venture capital funds [...]

  • Hedge Fund Baskets Are Full of Apple
    Today, May 24, 2013 : Permalink

    Wall St. Cheat Sheet – Is Apple (NASDAQ:AAPL) the must-have stock for hedge funds in 2013? Just like most people think of an apple when asked to think of a fruit, it turns out that most hedge fund managers think [...]

  • Hedge Funds Aren’t Crazy About MetroPCS Communications Inc (PCS) Anymore
    Today, May 24, 2013 : Permalink

    MetroPCS Communications Inc (NYSE:PCS) investors should be aware of a decrease in hedge fund interest in recent months. In today’s marketplace, there are plenty of gauges market participants can use to track the equity markets. A duo of the best [...]

  • More Evidence Hedge Funds Are an Expensive Way to Trail the S&P 500
    Today, May 24, 2013 : Permalink

    Bloomberg Businessweek – For those who take delight in the so-called “smart money” underperforming the “dumb money,” here are some enjoyable new data points that show hedge funds continue to be an overpriced, middling asset class. Goldman Sachs’s (GS) quarterly [...]

  • Investment bank North Street Group acquires fund administrator Hedge Fund Solutions
    Yesterday, May 23, 2013 : Permalink

    Opalesque – North Street Group, a capital markets and investment banking firm, today announced the acquisition of Hedge Fund Solutions, LLC, a New York based Alternative Asset Service Provider. Additionally, North Street Group announced the name change and rebranding of [...]



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