Monthly Archives: February 2015
Hedge Funds Appaloosa & Hayman Capital back Harry J. Wilson quest for seat on GM Board
New York (HedgeCo.net) – Stating that GM has not done a good job bringing returns to it’s investors, Harry J. Wilson, is vying for a seat on the GM board. At his back are four hedge funds investors who own […]
San Francisco Pension Board to Weigh 10% Hedge Fund Investment
Bloomberg – The San Francisco Employees’ Retirement System staff is recommending its board consider investing 10 percent of assets in hedge funds, five months after the largest U.S. pension, the California Public Employees’ Retirement System, decided to get out of […]
Hedge Fund Fraud: $10 Billion Recovered For Madoff Victims
New York (HedgeCo.net) – Approximately $355 million is being released to victims of the Madoff hedge fund Ponzi scheme, the Securities Investor Protection Corporation (SIPC) announced today. A separate settlement involving $497 million with “feeder funds” Herald Fund and Primeo Fund, will bring […]
Porsche Wins Home Advantage After Zip Code Clash With Hedge Fund
Bloomberg – Porsche SE won home-court advantage in a $195 million dispute with a hedge fund as judges ruled a trial can take place in Stuttgart even though the carmaker omitted the zip code when it sent its lawsuit to […]
Leon Cooperman ‘embarrassed’ about hedge fund’s losses
NYP – Billionaire hedgie Leon Cooperman told investors he is “embarrassed” about his hedge fund’s losses last year. But unfortunately, 2015 is looking even worse. Cooperman’s Omega Advisors, which fell 2.13 percent in 2014, is continuing its losing streak this […]
Hedge fund star gives warning for road ahead
CNBC – Kenneth Griffin, whose Citadel hedge funds manage $24 billion in assets, said in a letter to investors Monday that he is approaching 2015 with “vigilance” in light of tumultuous market circumstances. “Market conditions remain uncertain,” wrote Griffin, founder […]
Hedge Funds Shorting VIX Out of Style Amid Greece, Oil
Bloomberg – Betting against market turbulence is losing its allure with hedge funds. That’s the signal from futures tied to the Chicago Board Options Exchange Volatility Index, where the spread between long and short positions has jumped to the highest […]
Multi-Strategy Hedge Funds Reach $337.5 Billion In 2015
New York (HedgeCo.Net) – Hedge funds were off to a good start in the first month of the year, Eurekahedge reports. Assets under management of multi-strategy hedge funds touched an all time high of $337.5 billion, with managers raking in performance-based […]
Let The Trading Begin!
They say that good things come to those who wait. That is certainly the case with the HedgeCoVest platform for replicating hedge fund strategies. As is the case with every great invention, there were years of testing, development, trials and […]
Manhattan Venture Partners Announces Board of Advisors
New York (HedgeCo.Net) – Manhattan Venture Partners, the research-driven merchant bank specializing in the secondary market for late stage private technology companies, today announced the formation of its board of advisors to strategically assist the company as it builds its […]
HSBC files show how Swiss bank helped clients dodge taxes and hide millions
Guardian – The files obtained through an international collaboration of news outlets, including the Guardian, the French daily Le Monde, BBC Panorama and the Washington-based International Consortium of Investigative Journalists – reveal that HSBC’s Swiss private bank: • Routinely allowed […]
SS&C Technologies Acquires Hedge Fund Software Firm For $2.7 Billion
New York (HedgeCo.Net) – SS&C Technologies Holdings has acquired hedge fund software provider Advent Software, Inc. SS&C has 40 acquisitions under their belt so far, including GlobeOp in 2012 and DST Global Solutions in 2014. Under the terms of the agreement, […]