Monthly Archives: September 2013
Hedge Funds To Pay $14 Million to Settle SEC Market Manipulation Charges
New York (HedgeCo.Net) – In one of the largest crackdowns in the industry, the SEC has taken legal action against 23 firms and hedge fund managers for short selling violations. The funds agreed to pay $14.4 million to settle the market […]
Co-founder of defunct hedge fund Diamondback launches new firm
Reuters – Richard Schimel will launch a new hedge fund later this year, less than 12 months after closing Diamondback Capital in the wake of an insider-trading investigation by the U.S. government. “The investment model at Sterling Ridge will focus […]
The Sixth Annual Canadian Hedge Fund Awards
A call to everyone in the alternative investment industry in Canada. Join us at KPMG’s offices at 333 Bay Street on 3 October to hear who has won the awards this year. Once again, we have the full support of […]
SYZ Asset Management hires Ian Penrose as Distribution Director for the UK
SYZ Asset Management, the institutional asset management arm of the Swiss banking Group SYZ & CO, has announced today the appointment of Ian Penrose as Distribution Director for the UK to promote SYZ Asset Management’s (SYZ AM) capabilities, including the […]
Florida Man Sentenced To Over 5 Years For Hedge Fund Fraud
New York (HedgeCo.Net) – Hedge fund manager and former Penn State tight-end, Paul Pomfret, has been sentenced to 63 months’ imprisonment. He pleaded guilty to wire fraud in May, his Palm Beach-based hedge fund PDP Capital has been involved in several legal […]
Global Hedge Fund AUM Declines in August, New Launches Up
New York (HedgeCo.Net) – Hedge funds witnessed slightly negative returns in August according to this month’s Eurekahedge Hedge Fund Index, which was down 0.23%. Global hedge fund AUM declined by $6.3 billion, but on the bright side, launch activity picked up the pace […]
Fed candidate Don Kohn’s Wall Street ties
Fortune – Larry Summers’ bid to replace Ben Bernanke as the next head of the Federal Reserve appears to have been derailed, at least in part, by his ties to Wall Street. Just this weekend, Summers pulled out of a […]
Powerful group of hedge funds tables alternative plan to plug £1.5bn black hole at Co-op bank
A powerful group of hedge funds has tabled alternative plans to plug a £1.5bn black hole at the Co-op bank. Furious investors also accused the Co-op’s bosses of refusing to come to the negotiating table. Financial adviser Moelis & Company made […]
Ding Dong, Hedge Funds Calling
Private Wealth – Avon made itself into a makeup empire by arming young women with catalogs and sending them out to tell potential buyers across America that its products were better and cheaper than more familiar brands. What if hedge […]
Morgan Creek offers fund for retail clients to taste hedge funds
Reuters – Morgan Creek Capital Management, which invests with hundreds of hedge funds, is now giving retail clients access to these normally exclusive portfolios through a mutual fund. Morgan Creek, based in Chapel Hill, North Carolina, is the latest investment […]
Wielding Broader Powers, S.E.C. Visits Hedge Funds in London
NYT – The Securities and Exchange Commission, which has actively pursued actions by American banks and other financial institutions overseas, is broadening its reach by asserting its purview to foreign hedge fund managers. Agency employees are set to fan out […]
Hedge Funds Dump Bullish Bets On US Oil As Threat Of Syria War Recedes
New York (HedgeCo.Net) – Hedge funds have cut down on their bullish bets on West Texas Intermediate (WTI) crude now that the risk of disruption in Middle East oil exports has been diminished, Bloomberg reports. “The last few weeks, the market […]