Monthly Archives: January 2014
JP Morgan Pays $1.7 Billion To Put Off Fraud Charges
New York (HedgeCo.net) – In as settlement that defers criminal charges against JP Morgan until 2016, a US Judge has agreed to settle for a fine of $1.7 billion, Reuters reports. JP Morgan was being charged by the prosecution for […]
Alternatives Reality: What to Expect from Future Allocations
Commonfund today announced the release of the white paper, “Alternatives Reality: What to Expect from Future Allocations” by Verne O. Sedlacek, President and CEO, Commonfund. The paper explains why alternative strategies, especially private equity, venture capital and hedge funds, have […]
Goldman Sachs Hedge Fund Trader Denied New Trial, SEC Wants Money Transfer To US
New York (HedgeCo.Net) – Fabrice Tourre, the former Goldman Sachs hedge fund trader with the nickname “Fabulous Fab” has been denied a new trial by Judge Katherine Forrest in Manhattan. Tourre was found liable for fraud by a jury in Manhattan on six of […]
Activists trump most rival hedge funds with double-digit returns
Reuters – Activist investors, known for pushing corporations to perform better, recorded some of the best returns in 2013 when many rival hedge funds delivered only lackluster gains and failed to keep pace with the U.S. stock market’s rally. On […]
US hedge fund industry pushing derivatives regulator to lift ad ban
Reuters – The U.S. hedge fund industry is making a fresh lobbying push to convince the federal derivatives regulator to remove a hurdle that could prevent private funds from advertising to new investors through television, the Internet or other channels. […]
Riverbed on Elliott proposal: We’ll think about it
CNBC – Riverbed Technology, the enterprise tech company that Elliott Management offered to buy Wednesday for $19 a share, wants more time to think. “Riverbed’s Board will review the offer and communicate its views in due course,” Riverbed said in […]
Dexion hedge fund on ‘edge of viability’ as assets shrink
CityWire – The future of the Dexion Trading hedge fund has been called into question after the triggering of a share buyback offer. Structured as an investment trust that feeds into its parent Permal Macro Holdings fund, Dexion Trading’s discount control mechanism […]
The Top 100 Hedge Funds In 2013
New York (HedgeCo.Net) – Bloomberg Markets Magazine has compiled a list of the top hedge funds in 2013 with three lists of top performers: 100 funds with assets greater than $1 billion; 25 funds with assets of $250 million to $1 billion; […]
Hedge Fund Regulation: SEC Names New Chief of Complex Financial Instruments Enforcement Unit
New York (HedgeCo.net) – The SEC today announced that Michael J. Osnato, Jr. has been named chief of the Enforcement Division unit that conducts investigations into complex financial instruments. “I am honored and gratified to have this opportunity to lead […]
Area Hedge Fund Manager Lets His Scalps Talk For Him
DealBreaker – How does an activist hedge fund manager express to executives at the subject of of his activism that they’re in his world now? That proposed changes to the company will happen with or without management? That we can […]
Aussie hedge fund manager raves about Xero’s potential
NZ Herald – An Australian hedge fund manager has raved about the potential for accountancy software company Xero and accused New Zealand fund managers of being “precious petals” for wanting the stock removed from the sharemarket’s NZX 50 index. Writing […]
Hedge Funds Trail Stocks for Fifth Year With 7.4% Return
Bloomberg – Hedge funds trailed the Standard & Poor’s 500 Index (SPX) for the fifth straight year as U.S. markets rallied to record levels. Hedge funds returned an average of 7.4 percent in 2013, after a gain of less than 0.1 percent […]