Author Archives: the HedgeCo News Team
Suspected NYSE insider trading rose in 2008
Reuters – Suspected insider trading cases reached an all-time high last year, driven less by hedge funds and more by pillow talk between relatives and friends, the head of surveillance at the New York Stock Exchange said on Wednesday. In […]
Hedge funds see $155 billion of withdrawals
ArabianBusiness.com – A record $155 billion was pulled out of hedge funds last year, punishing the once red-hot asset class for delivering its worst-ever returns, according to numbers released on Wednesday. Chicago-based tracking firm Hedge Fund Research said hedge funds […]
Fidelity Launches Indian Fund of Hedge Funds
West Palm Beach (HedgeCo.net) – Fidelity International is launching the Fidelity Wealth Builder Fund through it’s Indian asset management arm, the new fund is an open ended fund of funds scheme offering asset allocation options with three plans. The investment […]
Novices Given $1 Million to Start a Hedge Fund on TV
West Palm Beach (HedgeCo.net) – Avanta is making its UK television debut with Million Dollar Traders on BBC2. Aired for 3 weeks in January, the series will play out at Avanta’s Austin Friars business centre in London. The program gives […]
Dreier Claims His Son Was Promised Property, Prosecutors Say
Bloomberg – Marc Dreier, the New York lawyer accused of cheating hedge funds, said he told his 19-year-old son he could have properties worth $12.5 million after the teenager agreed to spend the summer with him, prosecutors said. Assistant U.S. Attorney […]
Another Florida Ponzi-Scheme?
New York (HedgeCo.Net) – Investors in South Florida are fearing the worst, with all eyes turned to Michael Riolo, a Boca Raton resident who may have bilked over $50 million out of investors. Riolo regularly distributed performance reports to his […]
GLG Partners Adds Pendragon Hedge Fund Managers
West Palm Beach (HedgeCo.net) – Global alternative asset manager, GLG Partners LP, is teaming up with two of the founding partners of London hedge fund Pendragon Capital, Kaveh Sheibani and Julian Harvey Wood, to focus on event driven strategies. In […]
Hedge Funds Care to Host 11th Annual New York Open Your Heart to the Children Benefit
NEW YORK, January 21, 2008 – Hedge Funds Care, a global non-profit organization which raises funds and awareness within the hedge fund industry for programs that work to prevent and treat child abuse, announced today that it will hold its […]