Monthly Archives: March 2015
Imprisoned hedge fund founder seeks to void insider trading conviction
Reuters – Former hedge fund manager Doug Whitman, the first defendant in a broad U.S. insider trading crackdown to testify in his own defense, is seeking to void his conviction. Whitman, 57, who has been imprisoned since early September, on […]
David Burnett Appointed as Head of Northern Trust Hedge Fund Services in Europe, Middle East and Africa
To support the continued momentum of Northern Trust’s hedge fund administration business, Northern Trust (Nasdaq:NTRS) has appointed David Burnett as head of Northern Trust Hedge Fund Services in Europe, Middle East and Africa (EMEA). Based in London, Burnett will lead […]
Lawmaker Proposes Bipartisan Insider-Trading Ban
WSJ – A House lawmaker whose Connecticut district is home to one of the highest concentrations of hedge funds introduced bipartisan legislation Wednesday that would ban insider trading, taking aim at a financial crime that has tripped up some of […]
Newly Launched Hedge Funds Have Best Year Since 2004
New York (HedgeCo.Net) – New hedge funds in the US netted over $34 billion in last year’s explosive launch environment, posting the best fundraising total in a decade, Absolute Return research shows. The largest was the Two Sigma Absolute Return […]
Billions: Hedge Fund Drama Comes To Showtime
New York (HedgeCo.Net) – Paul Giamatti “John Adams” and Damian Lewis of “Homeland” are slated to play rivals in an upcoming drama co-written by Andrew Ross Sorkin, Business Insider reports. “The dynamic star pairing of Paul Giamatti and Damian Lewis is […]
Fund Growth Slows Again
New York (Hedgeco.Net) – For the third consecutive year, the number of new hedge funds launched dipped. In the latest HFR Market Microstructure Industry Report, research firm HFR reported that there were 1,040 new hedge funds launched in 2014 and […]
Hedge Fund Boss Steps Up Fight for Bigger Vivendi Payout to Shareholders
WSJ – A disagreement between Vivendi SA and one of its shareholders gathered pace on Tuesday, as a prominent U.S. hedge fund tried to rally support from other shareholders in its quest to obtain higher dividends, while Vivendi resisted. P. […]
A Different Way To Play A Rate Hike
New York (HedgeCo.Net) Rather than betting on bonds going down when the Fed finally raises interest rates, a recent article from CNBC suggests that hedge funds are making their bets in the currency markets. According to the article, such heavyweight […]
Could this hedge-fund operator rescue McDonald’s stock?
Crain’s – Larry Robbins isn’t the first hedge-fund operator to see gold in McDonald’s real estate, but his timing is better. When William Ackman went public a decade ago with a restructuring proposal that would have leveraged the burger chain’s […]
Former Federal Reserve Governor Joins NY Hedge Fund
New York (HedgeCo.Net) – Former Federal Reserve governor Jeremy C. Stein has agreed to consult at $20 billion hedge fund BlueMountain Capital Management, the Wall Street Journal reports. Stein is also a Harvard economics professor. The WSJ says: “Hedge funds, […]
Lead Manager to Step Down From ‘Chocfinger’ Hedge Fund
WSJ – One of the lead managers at Armajaro Asset Management LLP, a London-based hedge fund that once purchased 7% of the world’s supply of cocoa, is stepping back from day-to-day management. John Tilney, 60, a former veteran of commodity […]
Deutsche Bank Prime Broker Said to Join New Hedge Fund
Bloomberg – Christopher Dennis, a prime broker with Deutsche Bank AG in London, is leaving after eight years to join a hedge-fund startup, according to two people with knowledge of the matter. Dennis is joining the London-based firm being established […]