Monthly Archives: April 2013
Corruption at Hedge Funds Even More Rampant Than You Think, Study Shows
Forbes – If a new report about hedge fund corruption is to be believed, the industry is overrun with unethical and illegal activity. Some 46% of people at hedge funds believe their competitors break the law or act unethically and […]
Dow Jones State of Anti-Corruption Compliance Survey
The results of the fifth annual survey will be launched today at Dow Jones’ Global Compliance Symposium being held in Washington DC. This year’s survey interviewed compliance professionals from more than 350 companies worldwide. Of the companies represented, 71% stopped […]
UK Hedge Fund Manager Wannabe Arrested In Cold Case Murder
New York (HedgeCo.Net) – Self-proclaimed math whiz and aspiring hedge fund manager Steven Goff, 41, of Ventnor, UK, has turned himself in to the police claiming that he killed a teenager in a 1990 cold case. According to his confession he stabbed […]
Simple Alternatives hires portfolio manager for hedge fund mutual fund
Pensions & Investments – Clark Jones joined Simple Alternatives as a portfolio manager for the firm’s S1 Fund, an $80 million long/short equity hedge fund-of-funds mutual fund. Mr. Jones’ position is new, part of an expansion of the company’s investment […]
Commodity trader CF Partners launches first hedge fund
Risk – CF Partners, active in the commodities market since 2006, has launched a long/short equity hedge fund after hiring Alvaro Ventosa from Spanish fund manager Cygnus Asset Management Commodity trader CF Partners has launched a long/short equity fund that […]
Hedge fund managers challenged to provide investor solutions, not products
Risk.Net – Hedge funds are under pressure to differentiate and explain their worth concludes a survey by SEI. Managers need to work with investors to find portfolio solutions rather than offer products. Investors have changed the way they use hedge […]
The Bailout Of Cyprus Was Another Big Win For Hedge Funds
BI – One of the aspects of the Cyprus bank bailout deal hatched by the EU and the Cypriot government in March that has been noted as a big positive by analysts across Wall Street is the fact that it […]
Half of Hedge Funds Think Their Competitors Are Cheating
WSJ – Hedge-fund employees seem to agree with federal authorities that their industry needs to clean up its act. Almost half of hedge-fund professionals believe their competitors are engaged in illegal activity and more than a third say they have […]
Barclays prime broker moves to hedge fund
FT – The head of Barclays prime broking business has left the bank to join Millennium, the $18bn hedge fun run by Israel “Izzy” Englander, according to people familiar with the situation. Ajay Nagpal is expected to join the hedge fund in […]
Hedge Funds Have a Brutal Quarter, but Loeb Stands Out
CNBC – Hedge funds, on average, returned just above 3 percent in the first quarter of 2013, a brutal return compared to buyers of an S&P 500 index fund, who enjoyed a 10 percent return on their money. Vocal activist […]
York Capital Seeks $500M for European Distressed Fund
Dow Jones Bankruptcy News – York Capital Management , a $14.6 billion investment firm known for managing hedge funds, is seeking $500 million for investing in European distressed credit assets to capitalize on forced asset sales there. The York European […]
Survey: 14% Jump in New Hedge Funds with Equities Strategies
New York (HedgeCo.Net) – Seward & Kissel, the law firm that helped create the first hedge fund in 1949, announced its second annual study of New Hedge Funds in the U.S. The New Hedge Fund Study: 2012 Edition, has revealed that 64% […]