Monthly Archives: May 2013
Hedge Fund Fraud: Falcone To Pay SEC $18 Million
New York (HedgeCo.Net) – Without admitting or denying the SEC’s allegations, Philip Falcone and his hedge fund Harbinger Capital Partners have agreed to pay $18 million and will be barred for two years from working as an investment adviser or broker. “The SEC alleged in […]
Hedge Fund To Liquidate After Insider Trading Arrests
New York (HedgeCo.Net) – $100 million hedge fund, Lodestone Natural Resources, is being liquidated after U.K. regulators detained CIO Tim Whyte and founding partner Carl Linderum for questioning as part of an investigation into alleged insider trading, Bloomberg reports. “Lodestone joins U.S. […]
Peak6 raises $1 billion for new hedge fund
Crain’s – Peak6 Investments LP’s asset management unit has raised $1 billion for a new hedge fund, one of only two managed by the Chicago firm. It’s also the first hedge fund created at Peak6 under former O’Connor & Associates […]
What Happens in Vegas for Hedge Funds
DealBook – The SALT hedge fund conference, held over four days at the Bellagio resort, is a lot of things – it’s an ideas conference, a Wall Street bacchanal, a power-networking event. It is also, with its vaunted lineup of […]
Japan trade captivates macro hedge funds
Risk.net – Top hedge fund managers at the Salt conference in Las Vegas are brimming with enthusiasm for Japanese equities as Abeconomics helps weaken the yen and boost economic growth. For macro-oriented investors, the trade du jour is undoubtedly Japan […]
Hedge funds see opportunities in credit investments
Pensions & Investments – The sensitivity of mortgage and other credit investments to an anticipated rise in interest rates can be mitigated, a credit hedge fund manager told attendees at the SkyBridge Alternatives Conference in Las Vegas Wednesday. Clayton DeGiacinto, […]
Hedge Fund Launch: RWC Global Horizon Fund
New York (HedgeCo.Net) – $5.8bn hedge fund manager RWC is launching the RWC Global Horizon Fund in June which will be managed by recent joiner Louise Keeling. Keeling joined RWC in April as a Partner to establish a long only Global […]
Rengan Rajaratnam Hedge Fund Insider Trading Case Delayed
New York (HedgeCo.Net) – The insider-trading lawsuit against Rengan Rajaratnam has been delayed for six months while his lawyer works on a separate criminal case. Rengan is the younger brother of the now imprisoned hedge fund billionaire Raj Rajaratnam. “We […]
BNY Mellon Named Best Large Hedge Fund Administrator
BNY Mellon, the global leader in investment management and investment services, has been named ‘Best administrator over $30bn – single manager’ for the second year running at the HFMWeek European Hedge Fund Services Awards, presented in London on April 25. BNY Mellon was one of six industry-leading […]
Hedge fund trial to raise pressure on UK fraud prosecutor
Reuters – Britain’s top fraud prosecutor is likely to face serious criticism over its handling of an investigation into the $600 million collapse of one of London’s oldest hedge funds, a judge said on Tuesday. Already smarting from a 300 […]
Hedge funds bet against Chipotle
CNN – Hedge fund managers might like Chipotle’s burritos, but some are betting against the company’s stock. Last October, Greenlight Capital’s David Einhorn revealed a bet against Chipotle Mexican Grill (CMG). On Wednesday, bond fund manager Jeffrey Gundlach joined him in […]
Hedge Fund Billionaire Paulson Glosses Over His Losses
CNBC – Days after reporting some of the industry’s deepest losses, hedge fund billionaire John Paulson said investors should stick with managers for the long term and reminded a conference audience that he had made billions in the past. People […]