Monthly Archives: November 2009
[REVISED] SEC Appoints Multi-Billion Hedge Fund Manager As Lead NY Examiner
New York (HedgeCo.net) – The SEC has appointed hedge fund veteran Norm Champ as Associate Regional Director for Examinations in the agency’s New York Regional Office (NYRO). Beginning in January, Champ will direct a staff of approximately 100 accountants and […]
Hedge funds face investor war on fees
Reuters – Institutional investors are going to gang up on “arrogant” hedge funds, a pension fund chairman warned, as investors increasingly press for changes that would link lucrative fees more closely to genuine outperformance. A key complaint of investors has […]
Historical Performance of Hedge Funds in Down Markets
New York (HedgeCo.net) – Addressing the rising concern among investors that the financial markets are due for a near term correction, Charles Gradante, Co-Founder of the Hennessee Group, said, “With the equity markets up over +50% since the lows reached […]
Healthcare sector boom, predicts, Oracle hedge fund chief
Benzinga – All hospital, biopharmaceutical and drug companies are likely to benefit from the U.S. healthcare reform, said the Barron’s weekly on Sunday. Larry Feindberg, chief of Oracle Partners of Greenwich, Connecticut stated that the infusion of money into the […]
New Position At BNY Mellon Highlights Growth Of Their Hedge Fund Administration Business
New York (HedgeCo.net) – Brian Ruane has been appointed to the new position of Chief Executive Officer of Alternative Investment Services (AIS) at $200 billion hedge fund administrator, BNY Mellon Alternative Investment Services. “Brian’s experience and leadership will help us […]
Activist hedge fund TCI closes down in Asia
Reuters – Activist investor, The Children’s Investment fund (TCI), has closed down in Asia following the departure of its regional head earlier this year, sources familiar with the matter said on Tuesday. The UK-based fund had approached other global hedge […]
The Treasury hedge fund
BBC – HM Treasury today becomes perhaps the biggest hedge fund in the UK: it is investing £25.5bn in Royal Bank of Scotland shares and £5.7bn in Lloyds shares, financed almost exclusively by borrowing. If we’re past the nadir for […]
NY broker pleads guilty in hedge fund fraud
AP – A former securities broker has pleaded guilty to charges he helped a prominent Manhattan lawyer dupe hedge funds into making bogus investments. The broker, Kosta Kovachev, entered the plea to conspiracy to commit securities fraud Monday in federal […]
Small and imperfectly formed
Business Standard – China’s wannabe Nasdaq: China’s new growth-stock market has made quite an entrance. Shares of the 28 companies on Chinext, Shenzhen’s answer to the US Nasdaq, all at least doubled during their first half-day of trading. They were […]
Former Fund Exec Charged With Insider Trades
New York Times – A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom. Ronald Yee, who had been the San Francisco-based hedge fund firm’s chief financial […]
Ticonderoga Securities Expands With Launch of Equity Derivatives Group Led By Hedge Fund Veteran
New York – Ticonderoga Securities, an institutional broker dealer, today announced the launch of its Equity Derivatives Group, which will be led by Vuk Bulajic, an industry veteran with a dynamic track record of launching and building equity derivatives businesses. […]
Northern Trust Named Best Overall Hedge Fund Administrator
New York (HedgeCo.net) – Northern Trust has been named the Best Overall Hedge Fund Administrator by HFMWeek in the magazine’s inaugural U.S. Service Provider Awards. The awards recognize companies that have outperformed their peers during 2008-2009 and demonstrated financial progress, […]