Hedge Fund News From HedgeCo.Net

UK Banks Propose Holding Individuals Accountable For Failure

New York (HedgeCo.Net) – The behaviour and culture within banks played a major role in the 2008-09 financial crisis and in conduct scandals such as Payment Protection Insurance (PPI) mis-selling and the attempted manipulation of LIBOR, the Bank of England said when […]

Irish Firm Launches US Hedge Fund AIFM Services

New York (HedgeCo.Net) – Capita Financial Managers Limited announced it has been granted an alternative investment fund manager (AIFM) licence by the Central Bank of Ireland. “AIFMD requires fund managers to comply with a new and extensive set of regulations […]

Hedge Fund Investor Ramius Joins Up With State Street For Managed Futures Fund

New York (HedgeCo.Net) – $10.6 billion hedge fund investment platform and the global investment arm of Cowen Group, Inc., Ramius LLC., is seeking regulatory and shareholder approval to hire State Street Global Advisors, the asset management unit of State Street […]

Hedge Fund Prosecution Specialist Marc Berger Joins NY Law Firm

New York (HedgeCo.Net) –  The Chief of the Securities and Commodities Fraud Task Force and the prosecutor who supervised the investigation and prosecution of multiple high-profile matters, which included the investigation into billionaire hedge fund manager of the Galleon Group, […]

SS&C GlobeOp Forward Redemption Indicator Down In July

New York (HedgeCo.Net) – The SS&C GlobeOp Forward Redemption Indicator for July 2014 measured 3.15%, down from 4.80% in June. SS&C GlobeOp’s data on the GlobeOp platform represents approximately 10% of the hedge fund industry.  “July’s forward redemptions decreased by over 1%, but […]

Private Equity Continues To Provide Superior Returns Over The Long-Term

New York (HedgeCo.Net) – Private equity returns significantly outperformed the S&P 500 over the long term, according to the most recent Performance Update from the Private Equity Growth Capital Council (PEGCC). As of December 31, 2013, returns from private equity […]

Morgan Stanley Fined $275 Million For Inappropriate RMBS Offerings

New York (HedgeCo.Net) – Three Morgan Stanley entities have been charged by the SEC for misleading investors in a pair of residential mortgage-backed securities (RMBS) securitizations that the firms underwrote, sponsored, and issued. Morgan Stanley agreed to settle the charges […]

Multi-Strategy Funds Win Big At The Hedge Funds Review Americas Awards 2014

New York (HedgeCo.Net) – Hedge Funds Review and partner BarclayHedge have announced the winners of this years “Hedge Funds Review Americas Awards 2014.” Multi-strategy hedge funds were the big winners at the Hedge Funds Review Americas Awards, with Whitebox Advisors named ‘Best […]

California Retirement System To Pull 40% Of Its Hedge Fund Investments

New York (HedgeCo.Net) – The California Pension Fund (Calpers) has announced that it is cutting back on its investments into the hedge fund arena by 40%, the WSJ reports. A Calpers spokesman told the paper that the investment staff will […]

Convergence Opens Hedge Fund To Qualified Investors

New York (HedgeCo.Net) – California-based hedge fund manager, Convergence Capital Management Group LLC., is opening its absolute return diversified multi-strategy fund, Convergence Capital Partners Fund I LP. to qualified investors. The Fund was launched in May 2013 and has since returned 20.8% gross in fees. Richard […]

Report: Hedge Fund Forum on Diversity

New York (HedgeCo.Net) – Bank of America Merrill Lynch, in partnership with GCM Grosvenor and Sponsors for Educational Opportunity (SEO), recently collaborated with investors representing over $300 billion in assets to host a Hedge Fund Forum on Diversity. The Forum, […]

Hedge Fund People: Samuel Farahnak As A Black Diamond Director

New York (HedgeCo.Net) – $8 billion hedge fund firm Black Diamond Capital Management, has appointed Samuel Farahnak as a Director in its Private Equity business. Mr. Farahnak will focus on identifying and evaluating controlling equity investments and M&A opportunities. “Sam’s […]

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  • Hedge Fund Turns a Nervous Eye Toward Mega Sun Storm
    Yesterday, July 30, 2014 : Permalink

    Bloomberg – First came the warning from scientists. Now a major hedge fund is reiterating the alert: A massive electromagnetic pulse could wipe out electric grids and cause “unimaginable consequences” for the global economy—and it’s time to start preparing. Two […]

  • Ex-Citi Currencies Head Said to Prepare Macro-Hedge Fund Launch
    Yesterday, July 30, 2014 : Permalink

    Bloomberg – Anil Prasad, former currencies trading head at Citigroup Inc., and Farhang Mehregani, previously the chief investment officer of Sciens Capital Management LLC, are preparing to set up a macro hedge fund, according to a person with knowledge of […]

  • Activist Hedge Fund Claims Victory at Mining Company Cliffs Natural Resources
    Yesterday, July 30, 2014 : Permalink

    NYT – The results aren’t in yet for the board election at Cliffs Natural Resources, the mining company. But the activist hedge fund seeking control of the board is feeling confident enough to declare victory anyway. The fund, Casablanca Capital, […]

  • It’s not just hedge funds that own Argentine bonds
    Yesterday, July 30, 2014 : Permalink

    MarketWatch — Hedge funds aren’t the only investors with money on the line as Argentina scrambles to avoid a bond default. A number of mutual funds, including funds run by Goldman Sachs and Fidelity Investments, have exposure to Argentina, which […]

  • Profit Soaring After Disgrace at Steven Cohen’s Hedge Fund
    Yesterday, July 30, 2014 : Permalink

    Dealbook – Three months after his once-powerful hedge fund entered a guilty plea to insider trading charges, Steven A. Cohen is doing quite well. This summer, Mr. Cohen and his family rented a yacht off the Greek islands for a […]

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