Monthly Archives: February 2014
A Hedge Fund Manager Says SAC Taint Is Manageable
NYT – Dmitry Balyasny is one hedge fund owner who isn’t afraid of hiring traders from SAC Capital Advisors as long as they were far away from the “messiness” that engulfed the firm during the federal government’s crackdown on insider […]
Republican Hedge Fund Manager Backs Gay Marriage
New York (HedgeCo.Net) – Paul Singer, the founder and CEO of hedge fund Elliott Management, presented awards to Ted Olson and David Boies, the two lawyers that won the Claifornia Supreme Court case challenging Proposition 8. “The building block of every community is […]
Hedge Fund Strategy: BNY Mellon Acquires HedgeMark
New York (HedgeCo.Net) – BNY Mellon has signed an agreement to acquire the remaining 65% interest of current affiliate and hedge fund risk analytic services, HedgeMark International, LLC., Zacks Equity Research reports. BNY Mellon has held a 35% ownership stake in HedgeMark since […]
EU lawmakers and member states agree bonus curbs for fund managers
Reuters – EU lawmakers and member states agreed on Tuesday [Feb. 25] to curbs for fund managers’ pay similar to new rules for bankers, including a three-year deferral of 40 percent of bonuses. The legislation could be in place next […]
Hedge fund acquires stake in ConnectOne
North Jersey – A group of Washington, D.C.-area hedge funds has acquired a stake in ConnectOne Bancorp in Englewood Cliffs, which is poised to more than double in size through a proposed merger with a Union County rival. According to a […]
Hedge Funds Wrestle with Employee Personal Account Trading Conflicts
Forbes – Trading ahead of client accounts. Insider trading. Breach of fiduciary duty. These were just some of the concerns that the SEC had when it adopted the requirement for investment advisers to establish policies to monitor employee personal trading in 2004. While […]
Corporate governance of funds under spotlight in Ireland
Reuters – Ireland’s central bank will examine corporate governance and outsourcing in the investment funds industry this year, putting the world’s biggest centre for hedge fund administration under a spotlight. Ireland has built itself up as a major international funds […]
Paulson’s Hedge Fund Plans Big Investment in Puerto Rico
Money News – Paulson & Co., the hedge-fund firm founded by billionaire John Paulson, is in talks to buy a resort complex in Puerto Rico. Paulson & Co. is seeking to acquire La Concha Resort and the Condado Vanderbilt, neighboring […]
Hedge Fund People: HFA Announces Board Of Directors
New York (HedgeCo.Net) – The Hedge Fund Association (HFA) has announced today the results of the 2014/2015 board of director’s election. The 2014/2015 HFA Board of Directors are: President: Mitch Ackles, Hedge Fund PR Vice President: Ron Geffner, Sadis & […]
SEC Files Court Brief to Protect Whistleblowers From Retaliation
New York (HedgeCo.Net) – The SEC filed a “friend-of-the-court” brief, arguing that whistleblowers are entitled to protection from employer retaliation, even if they report the wrongdoing only to their employer and not to the SEC. The SEC stated that a whistleblower […]
Ralph Nader: 20 billionaires who could run for President in 2016
CT Post – Consumer advocate and former presidential candidate Ralph Nader wants to shake up 2016 presidential politics. A crowd of billionaires have shown their interests to be independent in many cases from the major two-party agenda. Scroll through above […]
Hedge fund wants Tribune Co. to sell certain properties
Baltimore Business Journal – An activist shareholder is leaning on Tribune Co. to make a series of a moves that would boost the value of its shares, according to a report by the Wall Street Journal. Hedge fund Blue Harbour Group owns […]