Monthly Archives: September 2013
Bank of England puts hedge funds’ ‘threat to stability’ under microscope
Evening Standard – The Bank of England’s risk-watchers put hedgies in the spotlight today as potentially vulnerable to rising market interest rates. The Financial Policy Committee, chaired by Governor Mark Carney, is to carry out more research with the Financial […]
HedgeCo Selects Cognito to Provide Hedge Fund Marketing and Communication Services for Leading Funds as JOBS Act Opens Market
New York (HedgeCo.Net) – September 25, 2013 – HedgeCo, a company designed to increase transparency and communication between hedge funds and accredited investors, announced today it has selected leading marketing and communications firm Cognito to provide a range of marketing and […]
Hedge Fund People: Managed Funds Association Announces 2013-2014 Board of Directors
New York (HedgeCo.Net) – The Washington-based Managed Funds Association (MFA), unanimously elected John R. Torell, IV, the managing director and chief financial officer at Tudor Investment Corporation, as its Chair. As a representative of the global community of hedge fund […]
The Cowboy Traders Behind Wall Street’s Largest Hedge Fund Disaster
Financial Adviser – Larry Fink, founder of BlackRock, the New York-based investment management firm, asked a simple question: “When you see aberrant success, you have to ask, “Did I take too much risk?’’ In spring 2006, Fink was “troubled by […]
Cantillon: The global hedge fund community swarms into town
Irish Times – Hotels across Dublin had better stock up on Krug champagne, Louis XIII cognac and Beluga caviar. The cream of the global hedge fund community is in town for an industry jamboree. The hush-hush event is called HedgeCraic, […]
Hedge Funds Are Using FOIA Requests to Obtain Nonpublic Information From Federal Agencies
WSJ – When SAC Capital Advisors LP was weighing an investment in Vertex Pharmaceuticals Inc., the hedge-fund firm contacted a source it knew would provide nonpublic information without blinking: the federal government. An investment manager for an SAC affiliate asked […]
Baupost hedge fund plans to return some money: sources
Reuters – Seth Klarman’s $28 billion Baupost Group, one of the world’s biggest hedge funds, plans to return some money to clients at year’s end, two people familiar with the Boston-based firm’s plans said. It would be only the second […]
Pothead Hedge Funder: ‘Throw Away the Blackberry and Enjoy Life’
Ny Magazine – Andrew Lahde, the head of Santa Monica–based hedge fund Lahde Capital Management, who quit after posting an 870 percent gain last year, became something of a folk hero today after his awesome, Jerry Maguire–like farewell letter to […]
Hedge Funds: SEC Weekend Fraud Roundup
New York (HedgeCo.Net) – Following a plea deal struck in April, Oregon-based hedge fund manager Yusaf Jawed has been sentenced to six years in prison for defrauding investors of $37 million. Jawed plead guilty to 17 counts of mail and wire fraud […]
Breaking: Hedge Funds Start Advertising Blitz
New York (HedgeCo.Net) – Thanks to Obama’s Jumpstart Our Business Startups Act (Jobs Act), the ban on hedge fund advertising has been lifted starting today. The JOBS Act became law in March 2012 and made the initial recommendation to allow “general […]
Mayor Bloomberg declares Sep 23 as “100 Women in Hedge Funds Education Day”
New York (HedgeCo.Net) – The mayor of New York has proclaimed that in celebration of 100 Women in Hedge Funds (100WHF’s) 400th education session, Sep 23 will be the “100 Women in Hedge Funds Education Day.” The session takes place at 399 […]
Citigroup’s Greer Leaves as Investor Matchmaker for Hedge Funds
Bloomberg – Chris Greer, global head of a Citigroup Inc. business introducing hedge-fund clients to new investors, has left the New York-based lender. A replacement for Greer hasn’t been named, Scott Helfman, a company spokesman, said today in an e-mail. […]