Monthly Archives: November 2013
U.S. Bancorp to acquire Irish hedge fund administrator Quintillion
Journal Sentinel – Milwaukee’s U.S. Bancorp Fund Services LLC, which handles back-office and administrative tasks for mutual funds and other financial industry businesses, said Wednesday it plans to acquire a hedge fund administrator in Ireland. Financial terms of the acquisition of […]
Political Agenda Added Risk To the Hedge Fund Market In October
New York (HedgeCo.Net) – New research from Eurekahedge shows that hedge funds delivered healthy gains in October as global markets trended upwards during the month. “US related news dominated global markets for most of the month starting with the 16 […]
Jury Selection Begins For Hedge Fund Portfolio Manager Michael Steinberg
New York (HedgeCo.Net) – Reuters reports that jury selection started yesterday in the case against a portfolio manager at Steven A. Cohen’s hedge fund, SAC Capital Advisors, for his alleged involvement in an insider trading scheme. Manhattan U.S. Attorney Preet […]
Meet The 24-Year-Old Professional Tennis Player Running A $115 Million Hedge Fund
Business Insider – Sam Barnett is the 24-year-old founder and CEO of SBB Research Group — a Chicago-area quantitative hedge fund that currently has $115 million under management. He started his fund while studying applied mathematics at California Institute of […]
Pine River hedge fund says will gain from Wall Street’s stricter rules
Economic Times – Colin Teichholtz, co-head of fixed income trading at $14 billion Pine River Capital Management, said the hedge fund firm will benefit from new Wall Street regulations as investment banks pull out of markets it likes to trade […]
Hedge funds bet on J.C. Penney turnaround
CNNMoney – J.C. Penney has attracted the attention of some top hedge funds as the retailer struggles to turn itself around. Shares of the troubled retailer have risen 35% over the past month, bouncing off their lowest levels in 33 […]
Eton Park Partners Corré and Astrof Set to Depart Hedge Fund
WSJ – Two partners at Eton Park Capital Management LP, a $10 billion hedge-fund firm set up by former Goldman Sachs Group Inc. star trader Eric Mindich, are leaving the firm, according to people familiar with the situation, adding to several departures in […]
EY to stage hedge fund event
The Royal Gazette – A top industry expert is to announce the key findings of a major survey on hedge funds at a meeting in Bermuda on Thursday. Michael Lee, who has just been appointed global asset management leader at […]
Large Investors Find Asian Hedge-Fund Options Limited
WSJ – Large overseas investors can’t get enough of big-name Asian hedge funds. Too bad there aren’t more of them. Deep-pocketed pension and endowment funds—many from the U.S.—are coming to Asia in droves, ready to put cash in the region’s […]
Asset Alliance will co-host breakfast focused on Middle East Challenges for the United States
New York (Hedgeco.Net) – Asset Alliance along with First Wall Street and The Rand Corporation will host an intimate breakfast focused on the Middle East and the challenges for the United States. We will bring together regional experts to discuss […]
Hedge Fund People: Jennifer Drake Joins Brevan Howard Spinn Off
New York (Hedgeco.Net) – Jennifer Drake, a former Managing Director Goldman Sachs, has joined DW Investment Management. The $5bn company is the investment manager of the Brevan Howard Credit Value and the Brevan Howard Credit Catalysts Master Fund. DWIM was founded by […]
Galleon: Hedge Fund Billionaire’s Conviction Upheld
New York (HedgeCo.Net) – Billionaire and convicted hedge fund founder Raj Rajaratnam requested a review of his May 2011 conviction. Yesterday a federal appeals court refused to disturb the insider trading conviction, the Chicago Business Tribune reports. The Sri Lankan-born American who […]