Hedge Fund News From HedgeCo.Net

New CIP Requirements Proposed By FinCEN

New York (HedgeCo.Net) – FrontLine Compliance reports that FinCEN is proposing new rules for broker-dealers and mutual funds. The latest proposal would require firms to update their CIP Programs for legal entity customers, such as partnerships, corporations, and limited liability companies. […]

SS&C GlobeOp Forward Redemption Indicator: August notifications 4.19%

New York (HedgeCo.Net) – Today SS&C GlobeOp announced that its Forward Redemption Indicator for August shows notifications of 4.19%. This figure is up from 3.15% in July. SS&C GlobeOp’s data on the GlobeOp platform represents approximately 10% of the hedge […]

AIMA: The Case For Hedge Funds

New York (HedgeCo.Net) – The Alternative Investment Management Association (AIMA), the global hedge fund industry body, has published “The Case for Hedge Funds”, a compilation of AIMA’s thought-leadership research since the global financial crisis. The 28-page booklet summarises the themes […]

Hedge Fund Background Investigations – Investigative Due Diligence Trends and Techniques

New York (HedgeCo.Net) – In an effort to discuss the current state of investor approaches to hedge fund background investigations, Corgentum Consulting announced that they will be hosting a free webinar titled, “Hedge Fund Background Investigations – Investigative Due Diligence Trends […]

SEC Releases Hedge Fund Data From Dodd-Frank PF Filings

New York (HedgeCo.Net) – The release of an annual report by the SEC to Congress under the new Dodd-Frank regulatory reform legislation shows the results of the data collected from private funds in 2014. Private Fund Regulatory Assets Under Management […]

Wedbush Charged BY FINRA For Systemic Market Access Violations, Anti-Money Laundering and Supervisory Deficiencies

New York (HedgeCo.Net) – The Financial Industry Regulatory Authority (FINRA) on Friday filed a complaint against Los Angeles-based Wedbush Securities Inc. for systemic supervisory and anti-money laundering (AML) violations in connection with providing direct market access and sponsored access to […]

Hedge Fund Assets Up By $62.6 Billion In 2014

New York (HedgeCo.Net) - US hedge fund AUM went past the $1.4 trillion mark, with assets growing by $62.6 billion in 2014, new data from independent data provider and research house Eurekahedge shows. Long/short equity, fixed income and multi-strategy funds retained the top […]

Hedge Funds Lose Appeal In Porsche Suit

New York (HedgeCo.Net) – Porsche has won a case in the US appeals court put forward by a group of over 30 hedge funds led by Greenlight Capital, Elliott International and Perry Partners, who tried to sue the carmakers for 1.81 billion […]

Credit Suisse: Hedge Funds Down 0.31% In July

New York (HedgeCo.Net) - The Credit Suisse Hedge Fund Index (the “Broad Index”) finished down 0.31% for the month of July. Performance for the Broad Index and its ten sub-strategies is calculated monthly. June, July, and YTD 2014 performance numbers are […]

Zacks: BlackRock, Blackstone Under SEC Scrutiny

New York (HedgeCo.Net) – Hedge fund research group Zacks reports that The U.S. Securities and Exchange Commission (SEC) has come up with the regulatory examination of alternative mutual funds. These mutual funds, proposed to be more risky than standard ones, […]

California Hedge Fund Manager Gets 14 Months For “Side Pocket” Investments

New York (HedgeCo.Net) – Former Bay Area hedge fund manager and philanthropist Lawrence Goldfarb has received a sentence of over a year behind bars for concealing more than $12 million in investment proceeds that was owed to investors in his fund. In […]

Former Associate Dean of MIT Sloan School and His Harvard MBA Son Agree to Plead Guilty in Hedge Fund Scam

New York (HedgeCo.Net) – Two Boston-area hedge fund managers were charged today with conspiracy to commit securities fraud, wire fraud and obstruction of justice. Gabriel Bitran, 69, of Newton, a former professor and associate dean of the Massachusetts Institute of […]

Finding the Balance on Personal Securities Compliance

New York (HedgeCo.Net) – On February 6, 2014, Matthew Martoma, a former trader at SAC Capital Advisers, a hedge fund founded by billionaire Steve Cohen, was found guilty in federal court for illegally trading on material nonpublic information. His former […]

White Paper: Financial services firms subject to data attacks

New York (HedgeCo.Net) – Can acquisitions or investments lead to data attacks? The financial and reputational risks associated with security breaches and the ever-increasing sophistication of attacks are a critical issue for financial services firms today. It is no longer a […]

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  • UBS O’Connor Hedge Fund Sells U.S. REITs in Second Quarter
    Today, August 21, 2014 : Permalink

    Bloomberg – UBS O’Connor LLC, the $5.6 billion hedge-fund unit within Switzerland’s biggest bank, sold most of its stakes in U.S. real estate investment trusts during the second quarter after the companies delivered some of the highest stock-market returns in […]

  • Nervous Hedge Funds Turn Defensive on Concerns Over Asset Prices
    Today, August 21, 2014 : Permalink

    NYT – Some hedge funds are cutting back on their riskier positions because of fears that certain assets may have become overpriced and concerns about the conflicts in Ukraine and Iraq. Nervous funds have reduced their bets that equities will […]

  • Dubai creates new fund class to lure asset managers
    Today, August 21, 2014 : Permalink

    Reuters – Dubai is changing its financial rules in an effort to attract more asset managers – particularly those serving the richest and most risk-tolerant investors, such as hedge funds and private equity funds – to base themselves in the […]

  • Argentina moves to cut out US hedge funds
    Today, August 21, 2014 : Permalink

    The Guardian – Argentina has risked deepening its isolation among international lenders with a proposal to cut out a group of US hedge funds from sovereign bond payments. President Cristina Fernández de Kirchner announced on Tuesday that the government was […]

User Contributed News
  • BTIG Launches Chicago-based FX Desk
    Yesterday, August 20, 2014 : Permalink

    BTIG LLC, a global financial services firm specializing in institutional trading, investment banking and related brokerage services, announced today that it has opened a new Chicago-based FX desk with the hires of Michael Artim, Brandon Walsh and Chris Karabelas. Since […]

  • Carne launches new edition of UCITS guide for fund managers
    Yesterday, August 20, 2014 : Permalink

    Carne Group has published a new edition of its popular UCITS Guide for Investment Managers. The A5 booklet has proved popular with product development teams seeking practical guidance on distributing funds under the UCITS IV Directive. The new edition of […]

  • High Water Women’s 10th Annual Backpack Drive Delivers 12,300 Backpacks to Children in Need
    Wednesday, August 6, 2014 : Permalink

    High Water Women’s 10th annual Backpack Drive will bring together 350 financial services industry volunteers to assemble a record 12,300 backpacks for tri-state area children in need. This year’s drive takes place August 8th through 14th at the New York […]

  • Troy Dixon in sweet spot with new structured products hedge fund
    Thursday, June 26, 2014 : Permalink

    Troy Dixon, an ex-Deutsche Bank RMBS trader, has recently set up Hollis Park Partners in New York and is working on the launch of a hedge fund that will seek to seize the “significant opportunities” in the $13.5 trillion structured […]

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