New York (HedgeCo.Net) - Citigroup Inc. will be liquidating its Corporate Special Opportunities fund after losing over half its value last month, according to a report by the Financial Times. 
The hedge fund had frozen redemptions for almost a year before deciding to shut it down.  Many funds freeze redemptions in hopes that market conditions […]

New York (HedgeCo.Net) - Dallas Mavericks owner and billionaire investor Mark Cuban has been accused of insider trading by the SEC after allegedly using private information that helped him avoid over $750,000 in losses tied to stocks. 
Search engine company Mamma.com supposedly invited Cuban to participate in its offering, but made Cuban swear he would […]

West Palm Beach (HedgeCo.net) - GlobeOp announced the strengthening its European-domiciled hedge fund administration services following the licensing of its Dublin office by the Irish Financial Services Regulatory Authority, expanding the company’s existing fund administration network based in the Cayman Islands and the USA. The office is led by Jim Casey, GlobeOp’s global head of investor […]

New York (HedgeCo.Net) - Clients of Fortress Investment Group LLC have requested to withdraw more than $4.5 billion of their assets over the next few months, according a statement released by the hedge fund yesterday.
The company reported its first annual loss since going public, mostly due to its Drawbridge Global Macro funds losing over […]

West Palm Beach (HedgeCo.net) - Alternative investment management firm and Hedge Fund Launch of the Year Award Winner, AdultVest, Inc., announced it officially closed its offering in the Priapus Investment Fund, LLC.
"In spite of the US and Global economic condition, the Priapus Investment Fund, LLC is on track for a great year," Francis Koenig, […]

New York (HedgeCo.Net) - South Florida-based hedge fund Palm Beach Finance Partners LP says it lost more than $1 billion to the company run by famed fraudster Tom Petters. 
Petters headed Minnesota-based Palm Beach Finance Holdings Inc. before being charged in September with money laudering, obstruction of justice and mail and wire fraud that were […]

New York (HedgeCo.Net) - Two hedge funds run by famed portfolio manager Jeffrey Gendell are being closed because of heavy losses suffered this year.  Both Tontine Partners LP and Tontine Capital Partners LP are liquidating assets, although no time table has been given.
The Greenwich-based Tontine Associates, which manages over $11 billion through their four hedge […]

West Palm Beach (HedgeCo.net) - Research and Markets announced the addition of a new report, "Asia-Pacific Capital Markets Handbook 2009".
With increased investment and stability in the region, the Asia-Pacific capital markets have experienced rapid growth over the […]

New York (HedgeCo.Net) - New York hedge fund Peconic Partners was sued yesterday for firing an employee who reportedly was running his mouth about some shady insider trading activities.
The suit, filed by former Chief Compliance Officer Joseph Sullivan in New York State Supreme Court, accuses CEO William Harnisch of wrongfully firing him.
According to the 30-page […]

West Palm Beach (HedgeCo.net) - According to a report in the Financial Times, London hedge fund manager Alan Miller has returned to the industry after a two-year absence by becoming a partner at SilverStreet Capital, a small London fund of hedge funds manager.
Miller, who co-founded New Star Asset Management with John Duffield in 2001, went […]

New York (HedgeCo.Net) - SEC officials did not botch an investigation into alleged insider trading by hedge fund Pequot Capital Management, at least according to the SEC.
Brenda P. Murray, an administrative law judge for the Securities and Exchange Commission, concluded that no disciplinary action should be taken against two of the officials originally accused.
The 15-page […]

West Palm Beach (HedgeCo.net) - Brotman Capital Partners LP, based in Boca Raton, Florida, has turned in the best performance Year to Date of a Market/Trend Timing Hedge Fund according to Barclays Hedge Fund Database.
Through October, 2008 the Fund is up over 14% net of fees. The fund has a $100,000 minimum investment and […]