Monthly Archives: February 2012
Seward & Kissel Study: Newly Launched Hedge Funds
New York (HedgeCo.net) – Seward & Kissel, the law firm that helped create the first hedge fund over 60 years ago, A.W. Jones & Co., announced its first study of New Hedge Funds in the U.S. The Seward & Kissel […]
Hedge Fund People Moves: Four Senior Hires At Rule Financial
New York (HedgeCo.net) – Today Rule Financial, the independent provider of business consultancy, IT consultancy and hedge fund IT services announced an increase in sales and a number of senior hires to support its growing business. In London, Jim Warburton comes in […]
Study: Investors Allocated Billions to New Hedge Funds Within Twelve Months of Launch
New York (HedgeCo.net) – According to a survey released by Citi Prime Finance, 78 leading investors who provide capital to hedge fund managers upon launch (Day One) or within the first 12 months of a fund’s existence (Early Stage) allocated […]
The State of Financial Crime, Our Latest Accounting
FBI – The founder of a $7 billion hedge fund is convicted of insider trading. A drug company pleads guilty to making and selling unsafe prescription drugs to Americans. The head of a financial company admits scamming distressed homeowners who […]
Former Edmond resident, hedge fund manager draws more prison time for money laundering
The Oklahoman – A former hedge fund manager has been sentenced to an additional 15 months in prison for money laundering. Mark S. Trimble already is serving a 10-year sentence for diverting investor funds into his own account. The latest case […]
Iran Drives Hedge Fund Oil Bets to 10-Month High: Energy Markets
Bloomberg – Iran’s pledge to halt oil sales to France and Britain combined with faster U.S. economic growth and Greece’s bailout sent bullish bets on crude futures to the highest levels in about 10 months and prices above $109 a […]
FBI sees more hedge fund trading probe informants
Reuters – The FBI says it has enough informants lined up to keep its investigations of suspected illegal insider trading at hedge funds going for at least five more years. In a briefing on Monday with reporters at the New […]
Japan hedge funds fear being shunned over AIJ scandal
Reuters – A mood of fear and nervousness hung over Japans hedge fund industry on Monday as regulators widened an investigation into the suspected disappearance of more than $2 billion in corporate pension funds managed by Tokyo-based AIJ Investment Advisors […]
Survey Finds Cost of Health Insurance for Hedge Fund Managers Rising at Slower Rate
The cost of providing health care insurance to the hedge fund community is rising at a slower rate for the first time in years, according to SKCG Group’s Annual Hedge Fund Health Insurance Survey. According to SKCG’s analysis, insurance carriers […]
Fortress Profit Falls 60% on Decline in Hedge Fund Fees
Bloomberg – Fortress Investment Group LLC, the asset manager formerly run by Daniel Mudd, said fourth-quarter profit fell 60 percent as hedge fund fees declined. Pretax distributable earnings, which exclude some compensation costs and other items, were $50 million, or […]
Newer Hedge Funds Got $12.4 Billion in Deposits Since 2009, Citigroup Says
Bloomberg – Newly started hedge funds received $12.4 billion in deposits from 2009 through 2011 from investors that believe many managers perform best during their early years, according to a Citigroup Inc. (C) report. Funds within their first year of existence received […]
Japan hedge funds fear being shunned over AIJ scandal
Reuters – A mood of fear and nervousness hung over Japan’s hedge fund industry on Monday as regulators widened an investigation into the suspected disappearance of more than $2 billion in corporate pension funds managed by Tokyo-based AIJ Investment Advisors […]