Hedge Fund News From HedgeCo.Net


SEC Charges 71 Municipal Issuers in Muni Bond Disclosure Initiative

(HedgeCo.Net) The Securities and Exchange Commission today announced enforcement actions against 71 municipal issuers and other obligated persons for violations in municipal bond offerings. The actions were brought under the Municipalities Continuing Disclosure Cooperation (MCDC) Initiative, a voluntary self-reporting program […]

Apollo Agrees to Pay $52.7M For Misleading Fund Investors

(HedgeCo.Net) The Securities and Exchange Commission today announced that four private equity fund advisers affiliated with Apollo Global Management have agreed to a $52.7 million settlement for misleading fund investors about fees and a loan agreement and failing to supervise […]

Hedge Fund Manager Charged in Scheme Involving Terminally Ill

(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against a hedge fund manager and his firm accused of paying terminally ill individuals to use their names on purportedly joint brokerage accounts so he could purchase investments on behalf […]

SEC Charges Stockbroker and Friend With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has charged a stockbroker and his friend with participating in an insider trading scheme to profit in advance of two major announcements out of a pharmaceutical company. The SEC alleges that Paul T. Rampoldi […]

SEC Obtains Asset Freeze in Case of Investor Funds Stolen for Shopping Sprees

(HedgeCo.Net) The Securities and Exchange Commission today announced an asset freeze it has obtained against three men who aren’t registered to sell investments and allegedly went on lavish shopping sprees with more than $5 million raised from investors to purportedly […]

Company Punished for Severance Agreements That Removed Financial Incentives for Whistleblowing

(HedgeCo.Net) The Securities and Exchange Commission today announced that a California-based health insurance provider has agreed to pay a $340,000 penalty for illegally using severance agreements requiring outgoing employees to waive their ability to obtain monetary awards from the SEC’s […]

Six Major Costs of Starting a Hedge Fund

(HedgeCo.Net) Beyond designing an investment strategy is the important task of setting up your firm infrastructure, and that includes how to budget the costs of starting your hedge fund. To outline cost estimates of what it takes to start a […]

Former Goldman Sachs Trader Settles Fraud Charges

(HedgeCo.Net) — The Securities and Exchange Commission today announced that the former head trader in residential mortgage-backed securities (RMBS) at Goldman Sachs has agreed to be barred from the securities industry and pay $400,000 to settle charges that he repeatedly […]

Hedge Fund Manager Charged in Scheme Involving Terminally Ill

(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against a hedge fund manager and his firm accused of paying terminally ill individuals to use their names on purportedly joint brokerage accounts so he could purchase investments on behalf […]

SEC Charges Stockbroker and Friend With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission today charged a stockbroker and his friend with participating in an insider trading scheme to profit in advance of two major announcements out of a pharmaceutical company. The SEC alleges that Paul T. Rampoldi […]

SEC Charges Stockbroker and Friend With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission today charged a stockbroker and his friend with participating in an insider trading scheme to profit in advance of two major announcements out of a pharmaceutical company. The SEC alleges that Paul T. Rampoldi […]

SEC: Investment Adviser Boasted Phony Assets and Track Record, Stole From Client

(HedgeCo.Net) — The Securities and Exchange Commission today announced fraud charges against a San Francisco man and his investment advisory firm accused of pretending to manage millions of dollars in assets and then stealing money from the first client who […]

Former Professional Football Player Charged With Running $10 Million Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged Merrill Robertson Jr., a former player for the Philadelphia Eagles, with defrauding investors, including coaches he knew from his time playing football for the Fork Union Military Academy and the University of […]

Private Fund Administrator Charged With Gatekeeper Failures

(HedgeCo.Net) The Securities and Exchange Commission has announced that a firm providing administrative services to private funds has agreed to pay more than $350,000 to settle charges that it failed to heed red flags and correct faulty accounting by two […]

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  • Hedge Funds See Biggest Redemptions Since ’09 as Returns Lag
    Today, August 25, 2016 : Permalink

    (Bloomberg) For hedge funds, the news is getting worse. Investors pulled an estimated $25.2 billion from hedge funds last month, the biggest monthly redemption since February 2009, according to an eVestment report. The monthly withdrawals were the second straight for […]

  • Hedge Funds Are Shrinking, Not Dying
    Today, August 25, 2016 : Permalink

    (Bloomberg) News that hedge funds suffered redemptions of $25.2 billion last month may translate into some individual shops closing, but for the industry as a whole, it’s a drop in the ocean. The bad news is that this latest bloodletting […]

  • Carlyle Sells Emerging Sovereign Stake Amid Hedge Fund Woes
    Today, August 25, 2016 : Permalink

    (Bloomberg) Carlyle Group LP, whose hedge fund business has been bleeding assets, is exiting its majority stake in $3.5 billion Emerging Sovereign Group after only five years. Carlyle, which was co-founded by David Rubenstein, held a 55 percent position in […]

  • Asian Hedge Fund Bonuses to Shrink at Least 50% as Performance Plummets
    Today, August 25, 2016 : Permalink

    (eFinancial) It’s only August, but many Asian hedge fund professionals are already facing up to the prospect of dire 2016 bonuses on the back of faltering performance in the sector. Figures from eVestment show that Asia-based funds are suffering the […]



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