Monthly Archives: May 2015
Mitch Landrieu makes a play for potential hedge fund lawsuit proceeds
Times Picayune – New Orleans Mayor Mitch Landrieu wants in on the firefighters’ lawsuit against the managers of a bankrupt hedge fund that lost a $15 million investment made by the firefighters’ pension FUND. In a motion filed Thursday (April […]
This star hedge fund manager has CIA interrogators give all his potential hires a personality test
Business Insider – Hedge fund manager Jason H. Karp, the founder of Tourbillon Capital Partners, said all of the potential hires at his firm take a personality test. “We actually administer a three-step personality exam that’s conducted by a former CIA […]
Hedge Fund Launch Marks Expansion of Advent’s Alternatives Offerings
New York (HedgeCo.Net) – Advent Capital Management, LLC (“Advent”), an investment management firm with approximately $8.5 billion in assets under management, announced that it has launched a new UCITS regulated umbrella fund* domiciled in Ireland, which will include the Advent Global […]
The $1 Billion Club – Largest Hedge Fund Managers Dominate
New York (HedgeCo.Net) – There are currently more than 500 hedge fund managers with $1bn or more in assets under management. With these firms representing approximately 90% of total industry assets, they make up a significant proportion of all capital managed by hedge funds. […]
Hedge fund manager charged in Carter’s insider trading probe
Reuters – A New Jersey hedge fund manager pleaded not guilty on Thursday to charges he traded on inside information about the children’s clothing company Carter’s Inc, according to court papers. Steven Slawson, the co-founder of Titan Capital Management, is […]
Ziffs Shut Down Hedge Fund, Shift Way Wealth Is Managed
WSJ – The billionaire Ziff brothers are shutting down the last multibillion-dollar hedge fund that invests their family fortune, one of the biggest such pots of money in the U.S. The three brothers, heirs to the wealth created by their […]
Falcone to FCC: ‘Take action’ to reverse hedge fund losses
NYP – Billionaire investor Phil Falcone is turning up the heat on Uncle Sam. Falcone, whose Harbinger Capital hedge fund owns the bankrupt LightSquared, a high-speed wireless start-up, is asking the Federal Communications Commission to take “immediate” action to stem […]
Hedge Fund Analyst Admits To Insider Trading
New York (HedgeCo.Net) – A former analyst at hedge fund Artis Capital Management LP pled guilty in New York federal court on Wednesday to an insider trading scheme involving Brocade Communications Systems Inc.’s $3 billion acquisition of a technology company. […]
Hedge fund executive pays for anti-Jacobs ads
Sioux City Journal – New York hedge fund executive Robert Mercer is the person behind TV ads that have criticized Republican U.S. Senate hopeful Mark Jacobs and praised Joni Ernst, according to a filing with the Federal Election Commission on […]
Ackman Said to Plan Public Hedge Fund in London
NYT – One of Wall Street’s boldest investors, the billionaire hedge fund manager William A. Ackman, is building an unusual multibillion-dollar war chest. While hedge funds typically raise funds privately, the founder of the $13 billion Pershing Square Capital Management […]
Hedge Fund Manager Steven Cohen’s Case Delayed
New York (HedgeCo.Net) – People from US prosecutor Preet Bharara’s office have asked for a extension on a stay that has been in place since August in the case against Steven Cohen, the NYT reports. “Prosecutors want the proceeding stayed pending the […]