Monthly Archives: February 2015
Hedge Fund Manager Sentenced To 5 Years For Scamming Veterans, Retirees, Hurricane Katrina Victims
New York (HedgeCo.Net) – A Louisiana hedge fund manager has been sentenced to sixty months’ imprisonment as a result of a mail fraud scheme in which he defrauded investors out of millions of dollars, the DOJ reports. Zachary Holdman was […]
PE jostles over Citi’s hedge fund admin unit
PE Hub – Citigroup’s decision to exit its hedge fund administration unit is drawing interest from private equity. Citi is advising on the sale of the hedge fund admin unit, several sources said. Interested bidders could include PE firms such […]
What tragedy? Hedge funds look to score on Greek recovery
HS – Greece is once again a bet reserved for the bravest of investors. After two years of relative calm, the election of the anti-austerity Syriza party in late January caused renewed volatility in local stock and bond markets. New […]
Hedge fund BlueMountain sends second default notice to Ocwen affiliate
Reuters – Hedge fund BlueMountain Capital Management LLC sent a second default notice to an affiliate of mortgage servicer Ocwen Financial Corp over certain notes it holds. HLSS Servicer Advance Receivables Trust, a key funding source for Ocwen and a […]
Euro-Hedged Fund Poised to Dethrone Biggest European Stock ETF
Bloomberg – The slump in the euro is reshaping the landscape for exchange-traded funds that buy stocks in the region, catapulting one with built-in currency hedges to the verge of becoming Europe’s biggest equity ETF. The WisdomTree Europe Hedged Equity […]
More hedge fund investors head for the exits
CNBC – Investor requests to withdraw money from hedge funds rose this month compared with February 2014, data from SS&C portfolios showed on Friday. The SS&C GlobeOp Forward Redemption Indicator, a snapshot of withdrawal requests expressed as a percentage of assets […]
Skënderbeg Funds AGmvK expands range with launch of four new sub-funds
User Contributed News – Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law (umbrella fund), is pleased to announce the expansion of its range of funds with the launch of four traditional single-manager funds in partnership with Your Wealth […]
Two hedge fund managers walk into a bar
USA Today – Two hedge fund managers walk into a bar. They need a drink. Their returns are terrible. Their investors are mad. And they know they’re in good company. Read Complete Article
Man Group Hedge Fund Buys $1.2 Billion NewSmith Equities Manager
Bloomberg – Man Group Plc, the world’s largest publicly traded hedge-fund manager, agreed to buy the equities management business of NewSmith to expand in Tokyo and London. Man Group, which manages $72.3 billion, plans to complete the deal in the […]
Illinois Teachers’ Retirement System To Invest Over $1 Billion In Hedge Funds
New York (HedgeCo.Net) – Illinois had decided to invest in a woman-run global macro strategy hedge fund. The Teachers’ Retirement System Board of Trustees today approved series of investments totaling $905 million, including an initial $50 million commitment through the System’s […]
Fired BlueCrest Portfolio Manager Sues Hedge Fund For $1.3 Million Bonus
Forbes – A former portfolio manager at BlueCrest Capital Management has sued the big European hedge fund for failing to pay him a $1.28 million bonus for less than half a year of work in 2014. Nicholas O’Grady was fired […]
A Former Hedge Fund Manager Is Running a Fantasy Sports Combine
Bloomberg – A former hedge fund manager who served a four-month prison term for insider trading is the driving force behind the first Fantasy Sports Combine in Las Vegas, a three-day event where players can be tutored by the industry’s […]