Monthly Archives: August 2013
SS&C GlobeOp Forward Redemption Indicator: August notifications 4.00%
The SS&C GlobeOp Forward Redemption Indicator for August 2013 measured 4.00%, up from 2.71% in July. “August redemption requests increased from July by over 1%, but remain moderate and in-line with past averages,” said Bill Stone, Chairman and Chief Executive […]
Carne launches first independent AIFMD-compliant Management Company solution in Ireland
Carne Group, the global leader of governance and risk management solutions to the asset management industry, has become the first European Independent Management Company solution authorised under the Alternative Investment Fund Managers Directive (AIFMD). The Management Company has been approved […]
Conifer Fund Services Earns Top Rankings in 2013 Global Custodian Hedge Fund Administration Survey
Conifer Fund Services, LLC (Conifer), a leading provider of fund administration and middle office services to the hedge fund industry, achieved record marks in the 2013 Global Custodian Hedge Fund Administration Survey, ranking among the highest in the industry. Honors […]
Hamptons Scene: Hedge Fund Men Join Scallop Pond’s Oyster Party
Businessweek – At Peconic Baykeeper’s fourth annual Celebration of Our Bays, guests congregated in the backyard of the Port of Missing Men, a private estate in Southampton overlooking Scallop Pond and Cow Neck. Admiring the setting was just as appealing […]
Decosimo Advisory Services Practice Growth Leads to Specialized Management Appointments (Promotions)
HedgeCo.Net – Decosimo, a top 100 regional accounting and business advisory firm, continues to experience significant growth within its Decosimo Advisory Services practice prompting the addition of director roles for the firm’s specialized valuation and litigation support service lines. Appointed […]
Watchdog Finds Problems in Dozens of U.S. Broker-Dealer Audits
Reuters – Many financial auditors are failing to properly check for accounting fraud risks at U.S. broker-dealers or test controls over customer funds, new inspections mandated by Congress after Bernard Madoff’s massive Ponzi scheme have found. In its second inspection report […]
Investcorp agrees to sell Skrill Group to CVC Capital Partners for euro 600 million
Investcorp, a leading provider and manager of alternative investment products, announced today that it has agreed the sale of Skrill Group to funds advised by CVC Capital Partners for a total enterprise value of €600 million ($800 million), subject to […]
Gregg Parise Joins BUMP Network As President And CFO
BUMP Network is proud to announce that Gregg Parise has joined the company as its new President and CFO. In his dual roles, Parise will continue to build value in the company and manage its team and operations. Parise will report directly to Mitch […]
EurekaHedge: Funds of Hedge Funds Outperform Single Managers
New York (HedgeCo.net) – Hedge funds are back to their winning ways in July as global markets bounced back from a retreat in June, according to the newly released August 2013 Eurekahedge Report. The Eurekahedge Hedge Fund Index was up 1.02% during the […]
Hedge Fund Manager Ray Dalio Angers Displaced Boat People
ValueWalk – Hedge fund manager Ray Dalio may have to look elsewhere for his new corporate headquarters, now that he’s upset the boat people of Stamford. Ray Dalio’s company Bridgewater Associates has been looking at buying land currently owned by […]
Falcone’s Harbinger Hedge Fund To Pay More Than $18 Million, 5 Year Ban
New York (HedgeCo.Net) – Big news in the industry today, New York-based hedge fund adviser Philip Falcone and his advisory firm Harbinger Capital Partners have agreed to a settlement of more than $18 million, according to the New York Times. […]
Kyle Bass Said to Bet on J.C. Penney in Purchase of Debt
BusinessWeek – Hedge-fund manager J. Kyle Bass is betting on a comeback by J.C. Penney Co., the retailer roiled by falling sales and a dispute with investor William Ackman, according to a person familiar with the matter. Bass, who focuses on corporate […]