Monthly Archives: July 2014
Hedge Fund Expert George Schultze Gave Market Insights at GAIM Conference
New York (HedgeCo.Net) – George Schultze, Founder and Managing Member of hedge fund Schultze Asset Management, LLC (“SAM”), was a key speaker during the recent 20th Annual GAIM Alternative Investment Conference in Monaco. During GAIM’s “Opportunities in Fixed Income Investments” […]
American Apparel gets hedge fund bailout
USA Today – American Apparel (APP), the struggling maker of clothes until recently led by controversial founder and former CEO Dov Charney, got a new thread of life after hedge fund Standard General said it will give $25 million in […]
Billionaire Hedge Fund Manager Ray Dalio Is Back, All Weather Fund Up 11%
Forbes – Billionaire hedge fund manager Ray Dalio is the king of the rich hedge fund industry. He runs the biggest hedge fund outfit in the world, Bridgewater Associates, a firm with $150 billion under management that Dalio founded in […]
City Diary: Hedge fund joins the dots between Blinkx and Gowex attacks
Telegraph – Diary spots an interesting link between the short-selling attacks on Blinkx, sparked by a report by Harvard professor Ben Edelman, and Let’s Gowex, sparked by a report by Gotham City Research. A unifying thread running through the two […]
‘Activist’ hedge funds agitate their way to gains
America’s Markets – Hedge funds whose M.O., or modus operandi, is to use their deep pockets and financial acumen to agitate for change at underperforming companies are at the top of the hedge fund performance charts this year. So-called “activist” […]
Smart Biotech Hedge Fund Worth Watching Had Therapeutics MD Before Pop
Forbes – Biotech stock Therapeutics MD (TXMD) was up 32.5% on Tuesday, lifted by brokerage house FBR Capital initiating coverage with an incredible $34 price target. Based on TXMD’s Tuesday closing price of $5.47, the FBR price target would mean […]
Two Executives and A Hedge Fund Portfolio Manager Sentenced To Federal Prison
New York (HedgeCo.Net) – Eric M. Martin, Mark Megalli, and Richard T. Posey have been sentenced to federal prison for their roles in a multi-million-dollar insider trading conspiracy involving childrens clothing company Carter’s, Inc. stock. Mark Megalli worked at New […]
Jury Acquits Rajaratnam Brother Of Hedge Fund Conspiracy Charges
New York (HedgeCo.Net) – U.S. attorney Preet Bharara lost his first hedge fund insider trading case when Rengan Rajaratnam was acquitted by a jury in New York of the charges that he was conspiring with his older brother, the imprisoned […]
Evanston Launches Multi Strategy Hedge Fund
New York (HedgeCo.Net) – An Illinois-based hedge fund manager with around $4.9 billion AUM, is launching the Evanston Alternative Opportunities Fund. The new fund, launched by Evanston Capital Management started up on July 1, 2014. The Fund is available to […]
Notable Cases on Insider Trading in Hedge Fund Industry
NYT – The office of Preet Bharara, the United States attorney in Manhattan, has secured 85 convictions and guilty pleas from traders, analysts, industry consultants. Below are some of the key cases. See Interactive Here
NYSE, Citadel, other asset managers call for lowering ‘access’ fees
Reuters – The New York Stock Exchange and two prominent asset managers will call for reforms on Tuesday [July 8] to lower the cap on fees exchanges can charge brokers to enter the market, according to prepared testimony reviewed by […]
Wife of hedge-fund boss in £1bn divorce claims she made him a philanthropist
Telegraph – The former wife of a leading philanthropist suggested that she had influenced him to give so much of his wealth to good causes. Jamie Cooper-Hohn said during what could be Britain’s first billion pound divorce case that when […]