Monthly Archives: July 2014
Soros Fund sued by former portfolio manager
Reuters – A former portfolio manager at Soros Fund Management sued the hedge fund firm founded by billionaire George Soros for nearly $20 million, accusing it of reneging on promises to pay him performance and other fees. Aaron Cowen was […]
InvestCorp Expands Its Hedge Fund Advisory Board
New York (HedgeCo.Net) – Investcorp, the $11.3 billion global hedge fund manager, has appointed four new Corporate Investment Advisory Directors, Brendan Harris, Joan Julia Dinares, Guy Leymarie and Philip Walters. “We are delighted to welcome such an esteemed group of […]
Hedge Fund Survey: 2013 Showed Record Fund Launches
New York (HedgeCo.Net) – Morningstar and Barron’s today released highlights of their eighth annual national survey examining the perception and usage of alternative investments such as hedge funds among institutions and financial advisors. “Mutual funds continue to grow as the […]
U.S. companies adopt bylaws that could quash some investor lawsuits
Reuters – A handful of mostly tiny U.S. companies have become the first to adopt controversial bylaws that would shift legal fees to investors who sue and lose, which legal experts said could upend the economics of shareholder litigation. The […]
After Nailing “Big Short,” Eisman Closing Hedge Fund
ValueWalk – Fund manager who bet against subprime mortgages while at Morgan Stanley fund couldn’t raise significant assets even as he identified next big short. Professional money manager Steve Eisman found the ultimate big short, selling against the subprime mortgage […]
Ackman’s Hedge Fund Offers Slate of Directors for Botox Maker Allergan
DealBook – Pershing Square Capital Management unveiled a proposed slate of directors on Monday that it hopes to elect to the Allergan board. Pershing Square, which is working with Valeant Pharmaceuticals on a $53 billion hostile bid for the Botox […]
Cyber Security Executive Got A Little Carried Away With His Hedge-Fund Hacking Attack ‘Illustrative Scenario’
Dealbreaker – Last month, BAE Systems’ Paul Henninger breathlessly reported that a “major” U.S. hedge fund had fallen victim to a spear phishing cyberattack after an apparently dull employee clicked on link he or she shouldn’t have. This was very […]
Returns From Activist Hedge Funds Are Causing a Stir
WSJ – Activists are once again at the top of the hedge-fund heap, after a profitable stretch of clashes with companies around the world. Activist managers gained 6.5% in the first half of the year, almost double the total for […]
BAE Says Hedge Fund Attack on Hedge Fund Wasn’t Real
Bloomberg – The hacking attack on a hedge fund that was described by a security official with BAE Systems Plc (BA/) last month wasn’t real, a company spokeswoman said. The attack was one of several “illustrative scenarios” that BAE internally […]
SEC urges judge to find Texas tycoon Wyly liable for insider trading
Reuters – The U.S. Securities and Exchange Commission on Wednesday [July 2] urged a judge to find Texas tycoon Sam Wyly and his late brother, Charles, liable for insider trading, after a jury found they committed fraud by using offshore […]
NY Court Dismisses Charges Against A Hedge Fund In Market Timing Case
New York (HedgeCo.Net) – After six years of litigation, the SEC has resolved a case against defendant hedge fund manager Bruce Alpert of Gabelli Funds LLC. The Commission has agreed to dismiss its charges against Alpert. The SEC’s complaint alleged […]
Emrys Partners Hedge Fund Shuts Down
WSJ – Steve Eisman, who emerged as one of the stars of the financial crisis with a winning bet against mortgages, is shuttering his hedge-fund firm, according to people familiar with the matter. Emrys Partners LP, which Mr. Eisman founded […]