Yearly Archives: 2010
Hedge Fund Manager Indicted in $30 Million International Fraud Scheme
New York (HedgeCo.net) – A Utah hedge fund manager has been arraigned on multiple counts of mail fraud, wire fraud and conspiracy, relating to his operation of a Utah-based hedge fund company, “Coadum Capital.” Thomas Repke was indicted on December 15, […]
Hedge-fund manager Mount Lucas draws Goldman Sachs’ eye
PhillyInc – A Bucks County-based hedge-fund manager has attracted the eye and capital of Goldman Sachs Group Inc. Mount Lucas Management Corp., with $1.8 billion under management, said Monday that Goldman Sachs’ Petershill Offshore Fund L.P. will acquire a passive […]
Toothlessness Of U.S. Financial Regulators Shown in Alleged $34 Million Ponzi Scheme
Courthouse News Services – A chiropractor, six cronies and an investment firm duped investors out of $34 million by bankrupting two hedge funds and skimming more than $16 million off the top, the SEC says. The men “looted and bankrupted […]
New fund draws $750 million as other investors pull assets
Pensions & Investments – One of the hedge fund industry’s veteran managers, Farallon Capital Management LLC, received a rash of redemption requests from institutional investors for its flagship multistrategy approach this fall even as it raised $750 million for a […]
Risky bets cost Detroit pension funds $480 million
Free Press – Detroit’s two public pensions have reported losses of more than $480 million in risky investments, from hedge funds and vacant land in Texas and Hawaii, to a Detroit office tower and a Pittsburgh casino. The losses, all […]
Hedge Fund Launches: Bandon Isolated Alpha Fixed Income Fund
New York (HedgeCo.net) – Hedge fund manager Bandon Capital Management is planning to launch its first mutual fund, the Bandon Isolated Alpha Fixed Income Fund (BANIX). The fund will launch at the beginning of the New Year and is structured to […]
Hedge Funds To Fluctuate Further In 2011
New York (HedgeCo.net) – Prices on the hedge fund secondary market remain volatile, according to the latest data from Hedgebay, a hedge fund market data provider. October’s high of 81% was the third time in a row the index had risen, […]
Hedge fund firm 36 South to move funds to Ireland
Reuters – British hedgefund firm 36 South Capital Management plans to move its funds to Ireland to cut costs, providing a boost to the troubled country after its 85 billion euro ($112 billion) bailout. The firm, which manages around $130 […]
Malta: Growing from a strong base
Hedge Funds Review – Malta’s ambition to be a leading domicile and service provider to the hedge fund industry is being realised as strong growth in the fund registrations and service providers increases in 2010. Lawrence Gonzi, Malta’s prime minister talks […]
Hedge Fund Taps Twitter For Market Mood
The Street – Derwent Capital Markets, a London-based hedge fund, plans to track Twitter activity to judge the mood of the stock market. Recent research suggests that Twitter can be used to predict movements in the stock market as key […]
Dallas hedge fund suing over ‘flash crash’ losses
Dallas News – A small Dallas hedge fund firm is suing three Chicago-based trading companies, including hedge fund giant Citadel, for losses sustained during the “flash crash” on May 6. GovPlus Master Fund LP and GovPlus Fund AI LP, which are […]
Citrin Cooperman to audit Cayman/Offshore hedge funds
Citrin Cooperman, a leading accounting and business consulting firm, announced today it was granted its license to transact business as an approved auditor in the Cayman Islands, and will be offering offshore-based funds auditing services under the Citrin Cooperman (Cayman) […]