Monthly Archives: February 2015
Targeted by U.S. Prosecutor, Hedge Fund Fights Back
NYT – On a crisp fall morning, F.B.I. agents staged a surprise raid of three hedge funds, feeding the growing national reputation of the prosecutor Preet Bharara as the new sheriff of Wall Street. Now more than four years and […]
Investors Pull $800 Million From Fortress Fund
WSJ – Investors asked to withdraw nearly $800 million from Fortress Investment Group LLC’s flagship hedge fund over the past few months, a new setback for the closely followed manager Michael Novogratz. The redemption tally, disclosed during Fortress’ fourth-quarter earnings […]
Advent to Launch Credit UCITS Hedge Fund in Q2
New York (HedgeCo.Net) – Advent Capital Management has announced plans to launch the firm’s first alternative UCITS product, joining the rest of their UCITS offerings in Q2 2015. The ‘Advent Global Absolute Return Strategy’ will closely mirror Advent’s Global Opportunity […]
Preqin Reports Top Hedge Fund Strategies In 2014, 2015 Outlook
New York (HedgeCo.Net) The go-to-portal for hedge fund research, Preqin, has released their Annual Global Hedge Fund Report for 2015. Preqin reports that although 2014 was a disappointing year for hedge fund managers and investors in terms of performance, inflows […]
Scotland Suspends Judge Linked to Collapsed Hedge Fund Heather Capital
WSJ – Scottish legal authorities have suspended a part-time judge with a former connection to collapsed hedge fund Heather Capital. Sheriff Peter Watson was suspended from office at the start of last week, according to a statement on the Judicial […]
Ex-hedge fund manager who cooperated in Galleon probe avoids jail
Fortune – A former hedge fund manager who provided evidence for dozens of insider trading convictions, including that of Galleon Group hedge fund founder Raj Rajaratnam, avoided prison on Wednesday at his sentencing in Manhattan federal court. Thomas Hardin, who […]
Porsche May Win Dismissal of Hedge-Fund Appeal, Court Says
Bloomberg – Porsche Automobil Holding SE shares rose as much as 2.9 percent after a German court said the company was likely to win the first appellate case over claims the carmaker lied during its failed 2008 bid to acquire […]
Ex Goldman Director Launches Bitcoin Derivatives Brokerage
Crypto Facilities Ltd, a London-based broker run by former Goldman Sachs Executive Director Timo Schlaefer, announced today the launch of its bitcoin derivatives trading platform http://www.cryptofacilities.com. The platform initially hosts a Forward contract on the USD price of bitcoin. The […]
Seward & Kissel: New Hedge Funds Are Lowering Investor Fees
New York (HedgeCo.Net) – An annual study of new hedge funds by New York law firm Seward & Kissel reports that hedge fund managers are becoming more sensitive to the needs of investors, rearranging management fee structures to meet their needs. “The […]
Skybridge Announces SALT 2015 Scheduled Speakers
New York (HedgeCo.Net) – Hedge fund manager Skybridge Capital has announced speakers such as George Papandreou, Julia Gillard, Mikhail Gorbachev and Ben Bernanke, among others, at at the seventh annual SALT Conference, which will take place from May 5-8, 2015 at […]
Man Reports $72.9 Billion In Funds Under Management For 2013
New York (HedgeCo.Net) – Hedge fund giant Man Group plc today announced the results for the financial year ending 31 December 2014. Funds under management (FUM) are reported up 35% to $72.9 billion (31 December 2013: $54.1 billion.) “2014 marked […]
Juniper okays Elliott Management’s board nominees
The Register – Juniper Networks and activist investor Elliott Management are fluttering the “peace in our time” paper, with the network ironmonger agreeing to appoint two new Elliot-approved directors to its board. The deal will hopefully give the company some […]