Monthly Archives: July 2014
Harbinger’s Former CEO Fined For Assisting Hedge Fund Scheme
New York (Hedgeco.Net) – The former chief operating officer at Capital Partners LLC has agreed to settle charges that he assisted a scheme by the firm and its owner Philip A. Falcone to misappropriate millions of dollars from a hedge […]
Mergermarket buys The Hedge Fund Law Report
Reuters – Mergermarket Group, a BC Partners portfolio company, today announced that it has acquired The Law Report Group, the New York-based publisher of The Hedge Fund Law Report and The FCPA Report. The acquisition bolsters Mergermarket Group’s legal and regulatory expertise. The Hedge Fund Law […]
UCITS Hedge Fund Reach Record Highs
New York (HedgeCo.Net) – The first half of 2014 saw a new milestone reached in the alternative UCITS sector with assets under management growing by 15.6% to EU 184.2 billion, demonstrating continued demand for alternative strategies, according to the Alceda […]
Argentina Finds Relentless Foe in Paul Singer’s Hedge Fund
NYT – The hedge fund firm of billionaire Paul E. Singer has about 300 employees, yet it has managed to force Argentina, a nation of 41 million people, into a position where it now has to contemplate a humbling surrender. […]
Malcolm Turnbull’s son said to start hedge fund in Singapore
Sydney Morning Herald – Alex Turnbull, son of Federal Communications Minister Malcolm Turnbull, is planning a Singapore-based hedge fund, said people with knowledge of the matter. Mr Turnbull, who has been an executive director of Goldman Sachs Group’s special situations […]
U.K. Ban Upheld on Hedge-Fund Manager Alberto Micalizzi
WSJ – A U.K. tribunal has upheld a ban against hedge fund manager Alberto Micalizzi, finding that his conduct was “at the most serious end of the scale.” It stops him from working in regulated financial services. The tribunal, which […]
Returns Drive Fees In Private Equity And Hedge Funds
Forbes – If returns are meant to justify the fee levels being charged by private equity and hedge funds, then it is incumbent on all parties to clearly understand and report these returns accurately. To measure the performance of a […]
Hedge Fund Turns a Nervous Eye Toward Mega Sun Storm
Bloomberg – First came the warning from scientists. Now a major hedge fund is reiterating the alert: A massive electromagnetic pulse could wipe out electric grids and cause “unimaginable consequences” for the global economy—and it’s time to start preparing. Two […]
Ex-Citi Currencies Head Said to Prepare Macro-Hedge Fund Launch
Bloomberg – Anil Prasad, former currencies trading head at Citigroup Inc., and Farhang Mehregani, previously the chief investment officer of Sciens Capital Management LLC, are preparing to set up a macro hedge fund, according to a person with knowledge of […]
Activist Hedge Fund Claims Victory at Mining Company Cliffs Natural Resources
NYT – The results aren’t in yet for the board election at Cliffs Natural Resources, the mining company. But the activist hedge fund seeking control of the board is feeling confident enough to declare victory anyway. The fund, Casablanca Capital, […]
It’s not just hedge funds that own Argentine bonds
MarketWatch — Hedge funds aren’t the only investors with money on the line as Argentina scrambles to avoid a bond default. A number of mutual funds, including funds run by Goldman Sachs and Fidelity Investments, have exposure to Argentina, which […]
Profit Soaring After Disgrace at Steven Cohen’s Hedge Fund
Dealbook – Three months after his once-powerful hedge fund entered a guilty plea to insider trading charges, Steven A. Cohen is doing quite well. This summer, Mr. Cohen and his family rented a yacht off the Greek islands for a […]
