Monthly Archives: August 2014
US hedge fund Tudor hires brace from London rival
FN – Nick Munns and Matthew Jones have moved from Omni Partners to join Tudor’s macro team, according to a person with knowledge of the hires. Munns was previously co-manager of the Omni Macro Fund, alongside Stephen Rosen, the chief […]
Judge cuts back Madoff trustee lawsuit against hedge fund manager Merkin
Harretz – The trustee seeking money for Bernard Madoff’s victims suffered his second loss in less than a week to Wall Street hedge fund manager J. Ezra Merkin, as a Manhattan bankruptcy judge dismissed most claims in a roughly $565 […]
California Hedge Fund Manager Gets 14 Months For “Side Pocket” Investments
New York (HedgeCo.Net) – Former Bay Area hedge fund manager and philanthropist Lawrence Goldfarb has received a sentence of over a year behind bars for concealing more than $12 million in investment proceeds that was owed to investors in his fund. In […]
Former hedge fund managers agree to plead guilty to fraud
(Reuters) – Two former hedge fund managers who boasted Ivy League credentials and invested some of their clients’ money with swindlers Bernard Madoff and Thomas Petters, agreed to plead guilty to criminal charges that they lied about their investment record, […]
Hedge Fund Myriad Increased Herbalife Stake in Second Quarter
Bloomberg – Myriad Asset Management Ltd., the Hong Kong-based hedge fund led by a former Asia head of Highbridge Capital Management LLC, raised its stake in Herbalife Ltd. (HLF) in the second quarter, according to a filing. Myriad bought 17,200 […]
Ex-Brevan Partner Wants Out Of Non-Compete To Launch Hedge Fund
Finalternatives – One of Brevan Howard Asset Management’s co-founders is suing his old firm, seeking the right to launch a hedge fund of his own before 2017. Christopher Rokos wants his five-year non-compete clause junked, saying that a bar on […]
Former Associate Dean of MIT Sloan School and His Harvard MBA Son Agree to Plead Guilty in Hedge Fund Scam
New York (HedgeCo.Net) – Two Boston-area hedge fund managers were charged today with conspiracy to commit securities fraud, wire fraud and obstruction of justice. Gabriel Bitran, 69, of Newton, a former professor and associate dean of the Massachusetts Institute of […]
Finding the Balance on Personal Securities Compliance
New York (HedgeCo.Net) – On February 6, 2014, Matthew Martoma, a former trader at SAC Capital Advisers, a hedge fund founded by billionaire Steve Cohen, was found guilty in federal court for illegally trading on material nonpublic information. His former […]
White Paper: Financial services firms subject to data attacks
New York (HedgeCo.Net) – Can acquisitions or investments lead to data attacks? The financial and reputational risks associated with security breaches and the ever-increasing sophistication of attacks are a critical issue for financial services firms today. It is no longer a […]
SEI Announces Board Members for Alternative Strategy-Focused Advisors’ Inner Circle Series Trust
New York (HedgeCo.Net) – SEI (NASDAQ: SEIC) announced today four independent board members for itsrecently-launched new series trust, The Advisors’ Inner Circle Fund® (AIC) III, which addresses the rising demand for alternative strategies packaged as mutual funds. The board members, […]
CalPERS considers cutting back on commodities, hedge funds, equities
Bizjournal.com – The nation’s largest public pension fund is considering dramatically reducing or even dropping investments in commodities, hedge funds, and some $55 billion worth of individual company stocks, according to the Wall Street Journal. Such reductions could mean a subsequent […]
Two Creeks Hedge Fund Launches With $1.5 Billion
WSJ – A former top executive at Ziff Brothers Investments launched a new hedge fund with $1.5 billion, marking one of the biggest startups for the industry in 2014. Ryan Pedlow’s Two Creeks Capital Management LP raised $1.5 billion for […]