Author Archives: the HedgeCo News Team
Bankrupt Tulsa Execs Receive Over $3 Milllion in Bonuses
West Palm Beach – A pair of SemGroup LP executives are the only two administrators named to receive bonuses from both the bankrupt Tulsa company and its publicly held and struggling subsidiary, SemGroup Energy Partners LP, tulsaworld.com first reported Thursday. […]
Hedge Fund Portfolio Tracking: SAC Capital
Seekingalpha.com – Since inception, its funds have returned on average 40% annually, which explains how they can charge a 50% performance fee to investors, compared to the normal 20% that most hedge funds charge. They are very active traders and […]
December investor survey finds managment fees too high
West Palm Beach (HedgeCo.net) – When surveyed about what they think about fee levels and value for money offered by investment managers, investors believe that managment fees are too high. Two surveys were conducted by bfinance in December, questioning institutional […]
Hedge funds ‘encourage bankruptcies’ for profit
Guardian.co.uk – "Parts of the current complexity arises from the existence of distressed debt investors who sometimes see commercial advantage from using an insolvency process to organise the sale of the viable part of a business to a solvent buyer […]
Asia hedge funds face another rough ride in 2009
Reuters – Asia-focused funds suffered their worst ever year in 2008, underperforming their peers in the West, as markets cratered and investors demanded their money back. This year will be marked by consolidation around more established players and a more […]
Girlfriend of hedge fund swindler Samuel Israel, accused of trying to send him money in jail
Union-News & Sunday Republican – The girlfriend of hedge fund swindler Samuel Israel III, already accused of helping him skip out on a prison sentence, tried to send him $300 in jail, officials said Wednesday. The cash was "secreted in […]
ACF, Bank of America Sue Hedge Fund Steel Partners
CNNMoney.com – ACF Industries and Bank of America Corp. (BAC) are suing hedge fund Steel Partners, accusing the fund of fraud by failing to tell investors of plans to go public, Reuters reported Wednesday. Reuters says ACF, which court documents […]
Israel Girlfriend Pleads Not Guilty to Aiding Escape
Bloomberg – Debra Ryan, the girlfriend of Samuel Israel, the convicted founder of hedge-fund firm Bayou Group LLC charged with bail jumping, pleaded not guilty to helping him escape. Israel, 49, is accused of faking his suicide and fleeing the day […]
Four in hedge fund sting convicted
Newsday – Maybe you heard the one about the phony multibillion-dollar Long Island hedge fund that was actually performing a public service. No? Well, apparently neither did four confidence men, according to federal prosecutors. The four were convicted yesterday in […]
Apple’s Jobs takes medical leave, shares tumble
Yahoo News – Apple Inc chief and tech visionary Steve Jobs will take a leave of absence till end-June because of health problems "more complex" than thought, backtracking on reassurances, stunning investors and sending its shares skidding 10 percent on Wednesday. […]
Shapiro a Madoff Victim
HorseRaceInsider.com – Richard Shapiro, former chairman of the Califorinia Horse Racing Board, has been "devastated" financially by the $50-billion Ponzi scheme that was engineered by Bernard Madoff, according to a letter that Shapiro wrote to a U.S. Congressman. "Nearly all […]