Monthly Archives: January 2014
Citi’s Ex-Hedge Fund Chief Loses $1 Million in Deep-Sea Treasure Hunt
Bloomberg – The deal started with a treasure map, supposedly bought from a drifter at a saloon in Key West for $500. What could possibly go wrong? For Dean Barr, who ran Citigroup’s hedge fund unit until 2007, investing in the X-marks-the-spot Emerald […]
Ex-Hedge Fund Boss Who Fled U.S. Gets 15 Years for Fraud
Bloomberg – Aleksander Efrosman, the former hedge-fund manager who fled the U.S. after swindling his clients out of $5 million and gambling away most of it at a casino, was sentenced to more than 15 years in prison. Efrosman, 51, […]
Viking Raid: Swashbuckling Shipping Adventures and… Hedge Funds?
New York (HedgeCo.Net) – Marine Money International has released “Viking Raid” Written by Robert Fairchild. The book is a Sequel to “The Shipping Man” by Matthew McCleery, President of Marine Money International and Managing Director of Blue Sea Capital. Both […]
Goldman Sachs Says 4Q Profit Falls 21 Percent
ABC – Goldman Sachs says its fourth-quarter profit dropped 21 percent as revenue from mortgages and trading in bonds and other securities weakened. Goldman earned $2.25 billion in the October-December quarter after paying dividends on preferred shares, down from $2.83 […]
Charlotte-based SPX reaches agreement with hedge fund on board seats
Charlotte-based SPX Corp., an industrial-equipment manufacturer, said it reached an agreement with Relational Investors LLC for the activist investor to nominate up to two board directors. Relational can nominate David Batchelder, who co-founded the fund with Ralph Whitworth, to theSPX […]
After prostitution arrest, $4 billion hedge fund to become family office
Biz Journals – Roughly five months after the arrest of CEO Jim Bisenius in a prostitution sting, Common Sense Investment Management is closing its doors and becoming a family office, the Business Journal has learned. As a family office, it […]
Deutsche Bank hedge fund spinout targets $250m
FN – A former quantitative trading chief at Deutsche Bank is hoping to raise as much as $250 million for a managed futures hedge fund that he will begin marketing in earnest this year. Philippe Azoulay, who spent six years […]
Supreme Court To Rule On Hedge Funds Targeting Foreign Assets
New York (HedgeCo.Net) – The Supreme Court has decided to review whether or not it is legal for predatory hedge funds to target assets outside of US jurisdiction, Jubilee USA Network reports. “This is good news for countries around the world. The […]
Eurekahedge: Hedge Funds up 8% in 2013
New York (HedgeCo.Net) – Hedge funds delivered their fourth consecutive month of positive returns as global markets ended the year on a strong note of optimism. The Eurekahedge Hedge Fund Index was up 0.99% during the month. The MSCI World […]
Rothstein Kass Study: Not Enough Women in Hedge Funds
New York (HedgeCo.Net) – For the six and a half years ending June 2013, the Rothstein Kass Women in Alternative Investments Hedge Fund Index outperformed other indices, returning 6%. The S&P 500 gained 4.2% and the HFRX Global Hedge Fund Index dropped -1.1%during the […]
Greenwich hedge fund hands back $1 billion to clients
Greenwich Time – QFS Asset Management, the Greenwich hedge fund firm founded by celebrated economist Sanford “Sandy” Grossman, announced the closing of its currency trading fund Tuesday and said it will return nearly $1 billion in client assets. The currency […]
The HedgeCo January Hedge Fund Networking Event in NYC
New York (HedgeCo.Net) – Brrr… It’s one of the coldest winters in centuries, come warm up at the Armani Restaurant for the The HedgeCo January Networking Event on Thursday, January 16, 2014 at 5:00 PM (EST). A chance for investors, hedge […]