Monthly Archives: September 2014
Hedge Fund Manager & Accomplice Charged With Portfolio Pumping
New York (HedgeCo.Net) – Minneapolis-based hedge fund manager Steven R. Markusen and an accomplice Jay C. Cope have been charged by the SEC with bilking investors in two hedge funds out of more than $1 million under the guise of […]
Hedge Fund Trader Mathew Martoma Gets 9 Years Behind Bars
New York (HedgeCo.Net) – Former SAC Capital trader Mathew Martoma has been sentenced to nine years in prison for his part in a scheme involving an Alzheimer’s Disease drug trial to make his hedge fund approximately $276 million. “I cannot and will […]
BlueBay, Hedge Funds Take On Asset Managers for UCITS
Bloomberg – Hedge-fund firms such as BlueBay Asset Management LLP and Brevan Howard Asset Management LLP are jumping on demand for liquid alternative investments, offering funds usually reserved for traditional money managers. A Deutsche Bank AG survey of 86 hedge-fund […]
Meet Howard Leedham, the British commando who became a Dubai hedge fund manager
The National – Discipline. Managing risk. Avoiding losses. These are the skills and attributes of the hedge fund manager. They are also arguably the characteristics of a military commander, which is why Howard Leedham, the chief executive of the Dubai-based […]
Hedge Fund Merchant Advances 16% as Oil Drops With Iron Ore
Bloomberg – The Merchant Commodity Fund gained 16 percent in the first eight months as bets on declines in crude oil, iron ore and sugar helped to boost returns, according to Chief Investment Officer Doug King. The fund, run by […]
Satish Joins American Century Investments to Head Global Portfolio Analytics & Engineering Team
New York (HedgeCo.Net) – American Century Investments today announced that Peruvemba Satish has joined the company as a senior vice president responsible for the firm’s newly created Global Portfolio Analytics and Engineering group. Satish reports to American Century Investments Co-Chief […]
Hedge Fund People: Cantor Fitzgerald Wealth Partners Expands National Team
New York (HedgeCo.Net) – Cantor Fitzgerald Wealth Partners, LLC, an affiliate of Cantor Fitzgerald serving the private wealth management market, continues to expand its team with the addition of financial industry veterans Jack D. Mounts and Michael Lonk. Messrs. Mounts […]
Broadridge And BI-SAM To Launch Hedge Fund Solution Platform
New York (HedgeCo.Net) -Broadridge Financial Solutions, Inc. and BI-SAM, are launching of Broadridge Investment Management Solutions (IMS) Performance Reporting, an integrated suite that includes order management, portfolio management, risk reporting and a data warehouse; in essence a complete, integrated and […]
Corn appeal ends hedge fund’s bearish spree on ags
AgriMoney – Hedge funds took a break from extending bearish bets on farm commodities for the first time since June, reflecting improved sentiment on soft commodities and livestock – but also on corn, which they appear to be spreading against […]
Walgreen adds activist hedge fund founder to board
Seattle PI – Walgreen has named Jana Partners founder Barry Rosenstein to its board, and the activist investor will get a say in choosing at least one additional director for the nation’s largest drugstore chain. Walgreen Co. is feeling shareholder […]
Hedge Fund Profit on Brocade Deal Spurs Insider Trial
Bloomberg – A former Foundry Networks Inc. executive is set to face a federal jury over accusations that he passed inside information about the company’s $3 billion acquisition by Brocade Communications Systems Inc. (BRCD) that helped California hedge funds make […]
Retail hedge funds to raise $49 bln in next 12 months -survey
Reuters – Investors are expected to pump $49 billion into funds that mimic hedge fund strategies over the next year, to make so-called “liquid alternatives” the fastest growing part of the asset management industry, a survey said. That would mark […]