Tag Archives: boston


Investors sue Highland Capital after funds shut

Reuther – A group of wealthy clients who invested $50 million with two hedge funds felled by last year’s credit crisis are accusing Highland Capital Management’s partners of having lied about key facts. LV Highland Credit Feeder Fund LLC, an […]

BofA’s asset management unit gets lukewarm bids: report

Reuters – Bank of America Corp’s primary investment management unit is drawing lower than expected bids after its likeliest suitor, BlackRock Inc, inked a blockbuster deal to buy Barclays Global Investor, the Financial Times reported, citing people close to the […]

Hedge fund fraudster to pay $2.78M

Bizjournals.com – A Massachusetts federal court has ordered a British man to pay $2.78 million in restitution, interest and penalties for orchestrating a scheme to defraud more than 60 investors who invested in his phony hedge fund operation based in […]

GMO’s Global Macro Hedge Fund Sees Further Declines in Stocks

Bloomberg – Global Tactical Trust, a hedge fund run out of Australia by Boston-based Grantham Mayo Van Otterloo & Co., is betting the recent rally in stocks will end, and is avoiding high-risk investments. The hedge fund that invests based […]

Ex-Goldman, Putnam managers to start hedge fund

InvestmentNews – Three former investment managers in Boston are planning to launch a hedge fund in April, according to a report published by FINalternatives, a news service of Stone Street Media LLC. The firm, Vernon Square Capital LLC, is developing […]

Emerging Hedge Fund Managers Get Fee Cuts Through Philanthropy

West Palm Beach (HedgeCo.net) -Hedge fund admin provider, Variman LLC, and Hedge Funds Care are working together offering discounted monthly service fees to emerging hedge fund managers who donate the standard set-up fee to Hedge Funds Care on behalf of […]

Inspector General investigating Boston and New York SEC offices in in wake of Markopolos allegations

Examiner.com – David Kotz, Securities and Exchange Commission Inspector General, told the U.S. House Committee on Financial Services last week he was determined to learn "the reasons for the SEC’s apparent failure to act" on repeated warnings about Bernard Madoff’s massive […]

Chairman of Hedge Funds Care to Ring the NASDAQ Closing Bell

West Palm Beach (HedgeCo.net) – President and Chairman of Hedge Funds Care (HFC), John Budzyna, will preside over the Closing Bell to mark the 11th Annual New York Open Your Heart to the Children Benefit to be held at Cipriani […]

Lawfirm Examines Hedge Fund Misrepresentation for Investors Benefit

West Palm Beach (HedgeCo.net) – Bernstein Liebhard is investigating whether, among other things, these investment funds conducted proper due diligence before investing heavily in Madoff Securities, and whether these funds ignored the warning signs that Madoff was conducting a large-scale fraud. […]

Morningstar Hedge Fund Analysis For November

West Palm Beach (HedgeCo.net) – Morningstar presented their monthly analysis of hedge fund performance for November and asset flows through October. "Hedge funds have a long path to recovery ahead of them," said Hedge Fund Analyst Nadia Papagiannis. "November was a […]

CSX Corp. Sue the Childrens Investment Fund

West Palm Beach (HedgeCo.net) – Transport company, CSX Corporation announced that it has joined in  a civil action brought by the plaintiff, shareholder Deborah Donoghue, in federal court in New York to recover so-called "short-swing" profits under Section 16(b) of the Securities Exchange […]

HedgeCo Hosts Blogging Platform, Provides Outlet for Hedge Fund Industry Experts

West Palm Beach, Dec 15, 2008 – Adding to its array of new and interactive features, HedgeCo.Net has unveiled the Hedge Fund blog platform, which provides both accredited investors and the general public the rare opportunity to view the world […]

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