Yearly Archives: 2010
The Real Opportunities Behind Self-Directed IRAs: Dream Homes, Businesses and Roth IRA Tax Breaks
New York (HedgeCo.net) – Jaime Raskulinecz, a longtime real estate investor, founded Entrust Northeast, LLC., as a means of combining her avid interest in buying rental properties while also building a productive business opportunity. “I founded Entrust Northeast after struggling […]
Hedge Fund Technology Specialist GlobeOp Celebrates its 10-year Anniversary
New York (HedgeCo.net) “When you start a new business you need a great idea, hard work and a little luck,” said Hans Hufschmid, CEO of GlobeOp. “GlobeOp launched at the beginning of one of the hedge fund industry’s fastest growth […]
Investors flee fund with ties to Galleon witness
Reuters – The tight-knit Boston hedge fund community has been rattled by a guilty plea in the biggest insider trading prosecution in two decades. Loch Capital Management, a technology-oriented hedge fund that once boasted over $2 billion (1.2 billion pounds) […]
Goldman Seen Hardest Hit By Prop-Trading Limit >GS
WSJ – Goldman Sachs Group Inc. (GS) would be the hardest hit if White House proposals to limit so-called proprietary trading become law, analysts said Thursday. Morgan Stanley (MS), J.P. Morgan Chase & Co. (JPM), Bank of America Corp. (BAC) […]
Private Equity Cos Awaiting Specifics On Obama’s Bank Proposal
WSJ – President Barack Obama’s proposal to rein in banks contains a number of provisions that could have a serious impact on the private equity arms of banks, as well as the private equity industry overall, depending on how the […]
GLG opens Asia offices as hedge funds look East
Reuters – GLG Partners, one of Europe’s biggest hedge fund firms, is opening offices in Asia as the industry races to profit from the region’s wealthy and relatively untapped investor base. GLG, which is based in London’s hedge fund centre […]
Morgan Stanley to raise capital for hedge fund clients
Reuters – Morgan Stanley has launched a new global initiative to raise capital for hedge fund clients in return for a fee, a company spokesman said. The bank said on Friday that it had hired Jenkin Leung, former managing director […]
Hedge Fund Ponzi Scammer’s Company Sold by Court
Nnew York (HedgeCo.net) – The director of South American Development Corporation (SADC), Jerry Gillman, has purchased Home Front Homes LLC, a Structural Insulated Panel manufacturer located in Englewood Florida. In 2006, Art Nadel using a hedge fund Ponzi scheme ended […]
Gottex integrates funds, expands U.S. range
ZURICH, (Reuters) – Swiss asset manager Gottex Fund Management Holding (GFMN.S) said on Wednesday it would integrate three funds of hedge funds into its product range to broaden its offering in the U.S. onshore market and the offshore sector. From […]
Investors flee fund with ties to Galleon witness
BOSTON (Reuters) – The tight-knit Boston hedge fund community has been rattled by a guilty plea in the biggest insider trading prosecution in two decades. Loch Capital Management, a technology-oriented hedge fund that once boasted over $2 billion (1.2 billion […]
GLG opens Asia offices as hedge funds look East
LONDON/HONG KONG, Jan 21 (Reuters) – GLG Partners (GLG.N), one of Europe’s biggest hedge fund firms, is opening offices in Asia as the industry races to profit from the region’s wealthy and relatively untapped investor base. GLG, which is based […]