Monthly Archives: April 2014
Hedge fund FORT Management launches NY office
New York (HedgeCo.Net) – Hedge fund FORT Management, founded in 1993 by Yves Balcer and Sanjiv Kumar, who formerly worked together as senior fund managers at the World Bank, has expanded its operations and opened an office in New York. […]
Insider Convictions Seen Too Easy in Chiasson Appeal
Bloomberg – Level Global Investors LP co-founder Anthony Chiasson and ex-Diamondback Capital Management LLC portfolio manager Todd Newman claim they were wrongfully convicted because jurors at their trial were told they only had to find that the defendants knew tips […]
Hedge Funds Wounded in “Diabolical” Stock Market
EliottWave – Many big hedge funds have invested heavily in high-flying technology stocks like Twitter, Yahoo!, Priceline and Netflix. And as the price of those shares has fallen recently, hedge fund losses have been sizeable. The technology-heavy Nasdaq Composite index […]
HS Group to invest in new Hong Kong hedge fund Pleiad
VC Post – HS Group Ltd (HSG) will be making its first investment in Hong Kong-based hedge fund Pleiad Investment Advisors. Although the exact amount to be invested is unconfirmed, Pleiad received a total commitment of over $150 million from […]
Hedge Funds Shake Financial System More Than Banks During Crises: Study
Think Advisor – Hedge funds may play an even bigger role than banks in transmitting financial shocks to the rest of the market, and thus may intensify systemic risk more than previously thought, according to new research. An economic letter issued last […]
Hedge fund king Bill Ackman and his wife give $17 million to Harvard
Biz Journals – Hedge fund manager Bill Ackman and his wife Karen have donated $17 million to Harvard University through their Pershing Square Foundation. The gift will go to Harvard’s Foundations of Human Behavior Initiative and endow three professorships and create a […]
Argentina Asks Supreme Court to Protect It From ‘Vulture’ Hedge Fund
BusinessWeek – It’s hard to decide which is the less sympathetic party appearing before the U.S. Supreme Court today. Is it Argentina, which has repeatedly defaulted on foreign debt? Or is it a hedge fund controlled by billionaire Paul Singer, […]
Allegations of Fraud Plague Hedge Fund of Democratic Super-Donor
The former hedge fund of one of the Democratic Party’s most important donors was allegedly involved in a scheme to defraud foreign investors out of tens of millions of dollars, according to documents filed in a Texas court. Farallon Capital […]
2 Hedge Fund Titans Agree to Buy the Milwaukee Bucks
Dealbook – Two Wall Street bigwigs, Marc Lasry and Wesley Edens, have a taste for distressed assets. So the Milwaukee Bucks, the basketball team that currently holds the worst record in the N.B.A., is right up their alley. Read Complete […]
Allegations of Fraud Plague Hedge Fund of Democratic Super-Donor
Fox News Blog – The former hedge fund of one of the Democratic Party’s most important donors was allegedly involved in a scheme to defraud foreign investors out of tens of millions of dollars, according to documents filed in a […]
Former Soros team to start $150 million Hong Kong-based hedge fund
Reuters – A former Soros Fund Management team will start a Hong Kong-based hedge fund in the third quarter of 2014 with at least $150 million in initial capital including seed capital from HS Group, making it one of the […]
Agecroft Partners Estimates That 90% of Hedge Funds Use Social Media
New York (HedgeCo.Net) – Donald A. Steinbrugge, CFA – Founder and Managing Partner, ae Agecroft Partners has said that the use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media […]