Monthly Archives: February 2014
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 […]
Citigroup’s ABS Trader Skeet Said to Join Lumsden at Hedge Fund
Bloomberg – Richard Skeet, who traded asset-backed securities at Citigroup Inc. (C) in London, has joined East Lodge Capital Partners LLP, according to two people familiar with the matter. Skeet, who spent a decade at Citigroup, will work as a money manager at East […]
New Asian hedge fund assets drop by a fifth to $3.85 bln
Reuters – Hedge funds launched in Asia in 2013 raised a fifth less than a year before as more managers launched funds with smaller sizes, according to a survey. As funds found it tougher to attract investors in one of […]
Icahn accuses eBay board members of conflicts of interest
HedgeWorld – Billionaire investor Carl Icahn accused eBay Inc. Chief Executive John Donahoe of failing to spot – or ignoring – conflicts of interest on the company’s board and called again for the spinoff of its fast-growing PayPal payments business. Icahn, who […]
Deutsche Bank: Hedge Funds To Reach $3 Trillion In 2014
New York (HedgeCo.Net) – Hedge funds are expected to reach a record breaking $3 trillion by year-end 2014, up from $2.6 trillion in 2013, Deutsche Bank reports. The 12th annual Alternative Investor Survey is is based on investors’ predictions of $171 billion […]
Credit Suisse To Pay $196 Million In Fines
New York (HedgeCo.Net) – International banking firm Credit Suisse has agreed to pay $196 million and admitted to violating federal securities laws by providing cross-border brokerage and investment advisory services to U.S. clients without first registering with the SEC. Credit Suisse […]
Dymon, Ex-SAC Manager Vine Plan $500 Million Global Hedge Fund
Bloomberg – Dymon Asia Capital (Singapore) Pte is joining with Carl Vine, a former SAC Capital Advisors manager, to start a global equity long-short hedge fund with a bias toward the Asia-Pacific region. The Port Meadow fund will be run by an investment team […]