Monthly Archives: August 2013
Blackstone Launches Multi-Manager Fund of Hedge Funds
New York (HedgeCo.Net) – Hedge fund giant Blackstone Group, along with partners Fidelity Investments, said today that they, “Aim to expand their reach to retail clients and rid the hedge fund market of its perceived exclusivity,” with the launch of […]
SEC Charges Former Oppenheimer Private Equity Fund Manager with Misleading Investors
New York (HedgeCo.Net) – Another former hedge fund manager is being targeted by regulators for misleading clients. The SEC has charged a former portfolio manager at Oppenheimer & Co. with misleading investors about the valuation and performance of a fund […]
Rich hedge fund manager to pay wealth ‘tax’ on basement extension
Telegraph – The founder of Polygon Investment Partners is seeking to build underneath two adjacent Ladbroke Grove homes to house two underground swimming pools, a games and cinema room, and a spa and treatment area. Continuing the recent craze of […]
Millennium duo plans record $1.4 billion Asia hedge fund – sources
Chicago Tribune – Two top executives of Millennium Management LLC are preparing to start a $1.4 billion hedge fund in Asia, people familiar with the matter told Reuters, in what would be the region’s largest such fund launch. The Millennium […]
Justice Department Planning New Action against Financial Firms: Report
Reuters – U.S. Attorney General Eric Holder is preparing to announce new cases related to the economic meltdown in the coming months as the Justice Department nears decisions on a number of probes involving large financial firms, The Wall Street […]
Hedge Funder Buddy Fletcher Is Selling His Connecticut ‘Castle’ For $8.85 Million
Business Insider – Hedge fund manager Alphonse “Buddy” Fletcher, Jr., who was featured in the book “Stock Market Wizards,” is selling his Connecticut “castle”for $8.85 million, Curbed reports. Fletcher purchased the 17-room Cornwall, Connecticut estate for $5.9 million, according to Vanity Fair article. Read […]
UCITS HFS Index starts positively into second half of the year, up 0.69% in July 2013
The UCITS HFS Index bounces back after losses taken in June with a performance of 0.69% in July 2013. The broad index started negatively into the month with a negative result of -0.24% in week one. Things turned around though […]
Jane Jarcho Named Head of SEC’s Hedge Fund Regulatory Program
New York (HedgeCo.Net) – SEC veteran Jane E. Jarcho has been named the National Associate Director of the Investment Adviser/Investment Company examination program in the Office of Compliance Inspections and Examinations (OCIE). She will oversee a staff of approximately 450 […]
Hedge Fund Women Supply 10,000 Fully-supplied Back To School Backpacks For Children In Need
New York (HedgeCo.Net) – High Water Women, a charitable organization founded in 2005 by senior women in the hedge fund industry have delivered a record 10,000 fully-supplied backpacks to tri-state area children in need. The drive raised more than $170,000, allowing […]
GoldenTree Hires James Clark
GoldenTree Asset Management LP, an investment firm that manages alternative and traditional asset strategies for sophisticated institutional and high net-worth investors, today announced the hire of James Clarke as Managing Director – Business Development. Mr. Clarke is based at GoldenTree’s New […]
Sovereign funds’ fortunes turn as emerging assets sour
Reuters – The world’s biggest sovereign wealth funds may see their bumper profits of 2012 diminish this year as recent diversification into high-growth emerging markets starts to produce disappointing returns. Their long-term horizon may allow many sovereign funds, which globally […]
J.P. Morgan Hires UBS’s Senior Prime Broker in Asia
WSJ – J.P. Morgan Chase & Co. has named a new head of prime brokerage account management for Asia Pacific, as investment banks jostle to win business in the region’s growing hedge-fund industry. Chris Barber, who joins the U.S. bank […]