Monthly Archives: September 2014
Ramius Launches Fundamental Global Macro Strategy with Quadratic Capital
Ramius LLC (“Ramius”), the global investment management business of Cowen Group, Inc. (“Cowen”) (Nasdaq: COWN), today announced a partnership to launch Quadratic Capital’s options-based, fundamental global macro strategy. Quadratic Capital employs liquid options and swaptions across asset classes and seeks […]
Starboard urges Yahoo to combine with AOL
Reuters – Activist investor Starboard Value LP said Yahoo Inc. should consider a strategic combination with AOL Inc. to save more than $1 billion in costs. Starboard also urged Yahoo to cut expenses and look for ways to generate value […]
Hedge Funds Now Allowed to Advertise to Public
New York (HedgeCo.Net) – One year ago, the SEC adopted Title II of the Jobs Act, removing the ban on general solicitation and creating enormous opportunities for capital formation. The elimination of the ‘do not solicit’ rule allows companies with […]
Barclays Capital Pays $15 Million For Compliance Failures After Acquiring Lehman’s Advisory Business
New York (HedgeCo.Net) – Barclays Capital has agreed to pay a $15 million penalty and to undertake remedial measures after being charged by the Securities and Exchange Commission with failing to maintain an adequate internal compliance system to ensure the […]
How The Hedge Fund Industry Has Exploded Since 2008
Business Insider – Hedge fund research firm Preqin has released a graphic showing how the hedge fund industry has changed since the 2008 financial crisis. In the years following the financial meltdown, there has been an uptick in the number […]
Event-driven hedge funds’ skills stand out in H1
Reuters – Hedge fund managers looking to profit from corporate events such as mergers and acquisitions proved to be the most skilful in the first half of the year, a study on Thursday by top global money manager BlackRock showed. […]
Exit from hedge funds not about performance: CalPERS CIO
DealBook – The decision by the California Public Employees’ Retirement System to leave hedge funds was not meant to send a message about that particular sector, the pension fund’s new chief investment officer told CNBC on Wednesday. “It is not […]
Lampert’s Hedge Fund Loses Participant in Loan to Sears
NYT – A Florida real estate company has declined to participate in a $400 million loan to the hedge fund that runs the Sears Holdings. On Thursday, Fairholme Capital Management, one of Sears’ largest shareholders, said that it was unable […]
A Hedge Fund Manager, Nas, Snoop Dog And Jared Leto Are All Investors In This New Trading App
Business Insider – Howard Lindzon has made a lot of money trading for other people as a hedge fund manager. Now he’s putting nearly $1 million dollars behind Robinhood, an app that lets people trade stocks whenever they want, with […]
HedgeCoVest Demonstrates New Platform At Finovate New York
New York (HedgeCo.Net) – HedgeCo Networks has given a demonstration of HedgeCoVest, their new, real time hedge fund replication platform, at the national Finovate conference on September 23-24, 2014 in New York. HedgeCoVest featured 20 investable hedge fund portfolios at the […]
SEC Charges Two Florida-Based Attorneys for Roles in Offering Fraud by Transfer Agent
The Securities and Exchange Commission today charged two Florida-based attorneys for their roles in an offering fraud conducted by a transfer agent that was the subject of an SEC enforcement action two months ago. The SEC alleges that Jonathan P. […]
HedgeFund People: BTIG Expands With 2 New Hires
New York (HedgeCo.Net) – BTIG LLC, a global financial services firm specializing in institutional trading, investment banking and related brokerage services, is expanding its Futures and Commodities desk with the hires of Eric Silverman and Jordan Lichtenstein. Eric and Jordan […]