Author Archives: the HedgeCo News Team
Citi Shareholders Show Rage at Annual Meeting
BusinessWeek – The anger was evident at Citigroup’s annual meeting on Apr. 21, where shareholders took turns at the microphone to object to how the bank has been operating. The meeting is usually a well-attended affair lasting many hours as […]
Hedge-Fund Divorcee Dives Into Art, Sex, Brooklyn: Book Review
Bloomberg – If there’s anything tougher than being married to a hedge-fund guy, it’s being divorced from one. That’s the lesson of Jill Kargman’s new novel, “The Ex-Mrs. Hedgefund.” Kargman specializes in the wealthy residents of Manhattan’s Upper East Side. […]
Demand for Hedge Fund Separate Accounts ‘a Knee-Jerk Reaction’
Bloomberg – Hedge fund investors’ growing demands for separate accounts may be an overreaction to increasing redemptions and fraud, participants said at an industry conference in Hong Kong this week. Investors are demanding accounts that allow them to tailor investments, […]
Alpha Magazine Announces 2009 Hedge Fund 100
West Palm Beach (HedgeCo.net) – "Alpha" released the results of the 2009 Hedge Fund 100, the magazine’s eighth annual ranking of the world’s biggest single-manager hedge fund firms. Although most hedge fund managers in 2008 couldn’t escape the carnage from […]
Hedge Fund Manager Brings Experience to Proskauer Rose
West Palm Beach (HedgeCo.net) – Hedge fund tax manager at Wellington Management Company, John F. Harvey III, has joined international law firm Proskauer Rose LLP as a partner in the Boston office. At Proskauer, Harvey will be a partner in […]
Pengana Aims to Grow Volatility Hedge Fund Amid Market Swings
Bloomberg – Pengana Capital Ltd., a Sydney- based asset manager that oversees A$1.5 billion ($1.1 billion), aims to increase the amount of hedge fund assets that bet on market swings by six times in two years. Pengana is seeking to grow […]
Moore Capital Said to Seek $500 Million for Coffey Hedge Funds
Bloomberg – Moore Capital Management LLC is seeking to raise as much as $500 million for two new hedge funds run by Greg Coffey, the top-ranked money manager who joined the company last year after quitting GLG Partners Inc., according […]
Disgraced NY lawmaker joins hedge fund – report
Reuters – Vito Fossella, a former U.S. congressman representing sections of New York until a drunk driving conviction last year, has joined controversial hedge fund Superfund Investment Group, the Staten Island Advance reported this week. The community newspaper, citing unnamed […]
Hennessee Group and co-founder settle with SEC over due diligence on Bayou hedge funds
Los Angeles Times – When a well-known investment advisor gave the Securities and Exchange Commission some unsolicited advice this week about protecting investors in hedge funds, he had already been talking to the agency about his own behavior. About half […]
Hedge funds fear political meddling
Stuff – The drafting of the European Commission’s directive on hedge funds was a rush job without proper consultation and looks to have been subject to "undue political pressure," an industry body said. The Alternative Investment Management Association said it […]
As prime brokerage firms pull services to hedge funds, the argument for exploring equity finance options grows
Opalesque – In the newly released research report by Massachusetts-based firm Finadium "Trends in US Equity Finance Costs for Hedge Funds and Other Borrowers" author Josh Galper notes that the current cost of securities borrowing has many funds looking at […]
Moore seeks up to $500 mln for Coffey funds-source
Forbes – Hedge fund firm Moore Capital Management is looking to raise up to $500 million for two new hedge funds it has launched for star fund manager Greg Coffey, a source familiar with the matter told Reuters on Friday. […]