Author Archives: the HedgeCo News Team
Porsche fails to halt U.S. hedge fund lawsuit
(Reuters) – A New York state court has rejected a motion by Porsche SE to dismiss a $1.4 billion-plus lawsuit brought by 26 hedge funds alleging fraud and unjust enrichment stemming from its trading in Volkswagen’s shares four years ago. […]
Major hedge fund dumps Best Buy
Hedge fund manager extraordinaire David Einhorn bet big on Best Buy stock. Then he lost big on Best Buy stock. In a letter to investors Monday, Einhorn’s Greenlight Capital said it sold off its 2.27 percent stake, or 7.7 million […]
Nomura Holdings Veteran prepares $250 Million Asian Hedge Fund Launch
New York (HedgeCo.Net) – Jean-Noel Payer, a Managing Director at Nomura Holdings until last month has recieved regulatory clearance this week to start his own Asia-focused hedge fund named Voltex Asia Capital Ltd. Reuters places the $250 Million Voltex launch […]
German government wants to limit hedge funds to professionals
(Reuters) – German Finance Minister Wolfgang Schaeuble wants to limit direct investment in hedge funds to professionals in order to protect private investors from risky assets, via a new bill regulating alternative investment funds, his ministry said on Wednesday. “Interests […]
Technology Analyst Expected to Plead Guilty in Insider Case
New York Times – A technology research analyst who gained notoriety for taunting the federal government over its pursuit of insider trading is expected to plead guilty in United States District Court in Manhattan on Wednesday, according to people briefed […]
Stop Fiddling With Your Hedge Fund Strategy Allocation
aiCIO – “Don’t just do something, sit there” may be precisely the advice that hedge fund investors need to hear, according to an article published by the CFA Institute. Hedge fund investors should actively rebalance their portfolio within certain bounds […]
Dash Financial announces management buy-out from I. A. Englander & Co LLC, purchase of EBS and private equity placement
New York (HedgeCo.Net) – Dash Financial Holdings, LLC, (Dash) announced, this morning, the completion of three transactions – the management buy-out of the Dash Financial division and all of its assets from Israel A. Englander & Co., the acquisition, of […]
Hedge Fund technology and Software providers move to Address Form PF Compliance Requirements
New York (HedgeCo.Net) – Advent Software, Inc. a leading provider of software and services for the global investment management industry, today announced a collaboration with Data Agent, LLC to provide tools to help hedge funds and hedge fund administrators meet […]
Hedge Fund Places Faith in Euro Zone
Marc Lasry has never been afraid to go his own way. Marc Lasry, left, chief of Avenue Capital, and Richard P. Furst, who directs the company’s European strategy. While other Wall Streeters who supported President Obama in 2008 are rushing […]
Hatteras Funds Announces Five-City “Meet The Managers” Forum
New York (HedgeCo.Net) – Hatteras Funds (“Hatteras”), a boutique alternative investment specialist providing unique alternative investment solutions for financial advisors and their clients, will host a series of forums across the U.S. for financial advisors, home office research teams and […]
Despite Hedge Fund loss of 0.9% for the month of June Inflows Remain Strong
New York (HedgeCo.Net) – Morningstar reports that the Morningstar MSCI Composite Hedge Fund Index dropped 0.9% in June, the MSCI World Stock Index soared 5.1% during the same period. “Hedge fund strategies came up short in June despite strong overall […]
It’s Time to Buy Dollar, Hedge Fund Says
Wall Street Journal – Investors should ignore growing expectations of a third round of quantitative easing by the Federal Reserve and pile into the dollar because the U.S. economy is slowing and big trouble is brewing in the euro zone, […]