Monthly Archives: February 2014
Conifer and Vastardis Merge To Form Global Hedge Fund Administration Firm
New York (HedgeCo.Net) – Hedge fund administrators Conifer Group, LLC, and Vastardis Capital Services Holdings LP. have signed a definitive merger agreement combining the two companies to form Conifer Financial Services, LLC. At inception, Conifer Financial Services will have combined assets under administration […]
Manhattan Private Equity Manager Charged With Stealing $9 Million
New York (HedgeCo.Net) – A Manhattan-based private equity manager, Lawrence E. Penn III and his firm Camelot Acquisitions Secondary Opportunities Management, have had their assets frozen in a case put forward by the SEC. Three entities and one other person […]
2014 Outlook for Socially Responsible Investing (SRI)
Green Money Journal – The years between 2000 and 2012 were difficult ones for investors and posed special challenges for the responsible investor. We suffered through two market collapses of roughly 50 percent. The period has been marked by the […]
This $77 Billion Hedge Fund Company Bought Coca-Cola, Pfizer, and Fifth Third Bank
Motley Fool – The latest 13F season is here, when many money managers issue required reports on their holdings. It can be worthwhile to pay attention, as you might get an investment idea or two by seeing what some major […]
Elliott readies own director slate as Juniper finalizes turnaround plan -sources
Reuters – Hedge fund Elliott Management Corp, which owns a 6.2 percent stake in Juniper Networks Inc , has prepared a slate of directors in the event that the network equipment maker’s pending turnaround plan does not achieve goals laid […]
Hedge Fund Chief Makes a Lonely Bet Against Portugal’s Debt
NYT – David Salanic cuts a lonely figure among the Manhattan power brokers eating breakfast at the Loews Regency Hotel restaurant on Park Avenue. Sure, he runs a hedge fund, but with $50 million, his fund may represent a year […]
Companies fight back against hedge funds
CNNMoney – As activist investors intensify their efforts to shake up large firms, a new alliance has formed to hit back at the Carl Icahns and Dan Loebs of the world. On Monday, a group of directors and long-term shareholders of […]
Hedge Fund Manager Funds Anti-Keystone XL Advertising “Sucker Punch”
New York (HedgeCo.Net) – The hedge fund manager that signed the Giving Pledge with Warren Buffett and Bill Gates is attacking the Keystone XL oil pipeline plans. The State Department “reported no major environmental objections” to the proposed $7 billion pipeline on Friday, the AP reports. “Our efforts to […]
After Scandal, SAC Capital Begins to Fade to Black
NYT – SAC Capital Advisors, synonymous with an insider trading scandal that has consumed the hedge fund industry, will soon cease to exist as Wall Street has known it. Steven A. Cohen’s 22-year-old hedge fund — once the envy of […]
SEC Charges N.Y.-Based Money Manager and Firm for Misleading Advertisements
SEC – The Securities and Exchange Commission today charged a New York-based money manager and his firm with making false claims through Twitter, newsletters, and other communications about the success of their investment advice and a mutual fund they manage. […]
Hedge funds seek 1.8 billion damages from members of Porsche’s owning family
Reuters – Investors including U.S. hedge fund Elliott Associates have escalated a legal battle against members of Porsche’s supervisory board by seeking 1.8 billion euros ($2.43 billion) in damages from Wolfgang Porsche and his cousin Ferdinand Piech. The most recent […]