Monthly Archives: January 2010
Billionaire’s Ex-Wife Hires New Lawyer
NYT – Patricia Cohen, the ex-wife of a hedge fund billionaire, Steven A. Cohen, has a new lawyer representing her in the civil racketeering lawsuit she filed against Mr. Cohen, Jenny Anderson writes in The New York Times. Gaytri Kachroo […]
Trends in Hedge Fund Capital Raising for 2010
New York (HedgeCo.net) – Several dominant trends regarding capital flows into the hedge fund arena were identified through conversations with more than 200 hedge fund organizations and 1000 institutional investors during 2009, according to Agecroft Partners. These hedge fund trends […]
Cornering Rajaratnam Rekindles Dennis Levine Taking Down Drexel
BusinessWeek – Days after he was arrested in an insider-trading probe in 1986, investment banker Dennis Levine sequestered himself at his lawyer’s New York office to read the government’s evidence. As he finished, he gazed out a window some 30 […]
Another Hedge Fund ETF Wraps Up 2009’s New Launches
Benzinga – You may have had better things to do on New Year’s Eve Day, but the folks at WisdomTree launched the last new ETF of 2009 on December 31. The WisdomTree International Hedged Equity Fund is fund of funds […]
People Moves: Diamond Notch Fund Manager to Join WindTamer Board
New York (HedgeCo-net) – Wind turbine technology company WindTamer Corporation has elected hedge fund investment advisor Steven DiNunzio as an independent member of the Company’s Board of Directors. DiNunzio is currently CFO of Diamond Notch Asset Management, LLC, a multi-strategy […]
Hedge Funds Finish 2009 With a Bang
NYT – For the global hedge fund industry, 2009 marked one of best years of performance in close to a decade, The Financial Times reported, citing industry data. On average, hedge funds booked 19 percent returns last year, according to […]
Hedge Fund Manager to Appear in Court
West Palm Beach (HedgeCo.net) – Hedge fund manager Arthur Nadel is scheduled for a bail hearing in federal court in Tampa this afternoon. Nadel faces a federal charge of securities and wire fraud after using “manipulative and deceptive devices” to […]
Hedge Funds Could Be Forced To Register With SEC Under New Bill
All Headline News – Hedge funds will require registering under a new proposal to regulate the market segment that lost $600 billion in 2008 due to financial crisis, an all time record. Under the bill by two senators today would […]
South Carolina lawmakers hedge on stimulus aid
Greenville News – Two key leaders of South Carolina’s Legislature said Friday they would have problems agreeing to accept some of the federal stimulus money passed by the U.S. House if Gov. Mark Sanford decides not to ask for it. […]
DEALTALK-Not all bad news in hedge funds
Reuters – A handful of hedge funds has resisted the global crisis ravaging their rivals, reaping bumper returns in 2008 in a sign some niche players will always beat the market no matter how dire the outlook. There is no […]
Hedge fund fees are being squeezed
MIGHT two-and-twenty become one-and-ten? Since 1990 the number of hedge funds has grown by 14 times to over 7,000, but abundance has not lowered prices. Funds typically still charge clients a management fee of 2% of assets and 20% of […]