Monthly Archives: March 2013
Sold for $155m to American hedge fund manager Steven A. Cohen: Picasso that was worth $16m less before it got ripped
Independent – Le Rêve, a portrait of the Spanish artist’s 22-year-old mistress Marie-Thérèse Walter, is said to have been painted in one afternoon in 1932, when Picasso was 50. Mr Wynn, right, has sold it to Steven Cohen, a hedge […]
Brother of Galleon Hedge Fund Founder Pleads Not Guilty
New York (HedgeCo.Net) – Rengan Rajaratnam has pleaded not guilty in NY court to charges of conspiring in an insider trading scheme to illegally earn nearly 1.2 million. He has been charged with conspiring with his older brother, the imprisoned hedge fund manager Raj […]
Man Group picks new GC as hedge fund’s legal chief leaves
The Lawyer – Man Group head of legal Jasveer Singh has been appointed as the FTSE250 group’s general counsel following the exit of former Clifford Chance partner Stephen Ross. Singh has been a member of the alternative investment manager’s in-house […]
Wall Street Rocks Launches 2013 Battle of the Bands Talent Search
Wall Street Rocks co-founders Leslie Kirby, Peter Carrara, James Macedonioand George Chrisafis announced they are seeking musicians to audition for the non-profit’s 2013 Battle of the Bands. Groups with at least two members working in the financial community are invited […]
Cayman Islands Stick Exchange Launches Xetra Trading Platform
The Cayman Islands Stock Exchange (“CSX”) in partnership with the Deutsche Börse announces the launch of its Xetra Trading Platform. The cutting edge technology of the Xetra trading system, developed and operated by the Deutsche Börse Group in Frankfurt enables […]
Study: The Impact Of The Obamacare Tax On Hedge Funds
New York (HedgeCo.Net) – Hedge fund law firm Hirschler Fleischer has issued a new whitepaper on the impact of the Obamacare tax on the incentive allocation/carried interest of private fund managers: ‘New Obamacare Tax: Can a Private Fund Manager’s Carried […]
Agecroft Partners wins Hedgeweek 2013 Hedge Fund Third Party Marketer of the Year
Agecroft Partners, a hedge fund consultant and third party marketer has won the Hedgeweek 2013 Award for Third Party Marketer of the Year. Hedgeweek’s 41,000 subscribers: institutional investors, wealth managers, hedge fund managers, and industry professionals, voted on the Awards. […]
Looking Inside Private Equity and Hedge Funds
Forbes – Perhaps no single building in the world is as much a monument to the rise of private equity and hedge funds as 9 West 57th Street in New York. Home to private equity giants (KKR & Co. LP […]
U.S. hedge funds swoop on traders at struggling Europe startups
Bloomberg News – U.S. hedge funds Pine River Capital Management, Millennium Management and SAC Capital Advisors are taking advantage of the struggle of European startup funds to grab their pick of the region’s traders. The three firms, which manage a combined $46 billion, […]
Walter Energy says British hedge fund manager trying to manipulate its stock for quick profit
Alabama – Walter Energy Inc. and British hedge fund manager Julian Treger have turned up the heat in the ongoing fight over control of the Birmingham company’s board of directors. In a letter being mailed to shareholders Walter Energy Chairman Michael T. […]
Man extends funding of Oxford-Man Institute to 2018
Man Group plc (“Man”) and the Oxford-Man Institute of Quantitative Finance (OMI) are pleased to announce the extension of Man’s funding of the Institute through to 2018. This five-year funding extension underscores Man’s commitment to building a world-leading quantitative investment […]
SEC Charges Houston Hedge Fund Manager With Fraud
New York (HedgeCo.Net) – The SEC has issued charges against a Houston-based hedge fund manager and his firm accused of defrauding investors in two hedge funds and steering bloated fees to a brokerage firm CEO who also is charged in […]