Author Archives: the HedgeCo News Team
McGladrey & Pullen Completes Purchase of McGladrey
New York (HedgeCo.Net) – McGladrey & Pullen, LLP announced today that it has completed the acquisition of RSM McGladrey, Inc. from H&R Block, Inc., and is returning to a traditional partner-owned CPA firm structure. McGladrey, the fifth largest U.S. assurance, […]
HedgeCo™ (HCN) Hedge Fund Indices Returns Through September 2010
New York- (HedgeCo.net) – The HedgeCo.net Hedge Fund Aggregate Index showed an average annual return of -2.69% through September 2011, compared to the S&P500 which showed an average of 0.85%. While equities markets improved in September, the sovereign debt problems […]
SEC charges San Diego-based investment adviser and president with fraud
Hedge Week: The Securities and Exchange Commission has charged a San Diego-based investment advisory firm and its president with fraud for failing to disclose a conflict of interest to clients and materially misrepresenting the liquidity of a hedge fund they […]
Hedge Fund Linked To Olympus Accounting Scandal
Finalternatives – Japanese camera maker Olympus Corp. may have used investments with a well-known Bermuda hedge fund to hide more than US$1 billion in investment losses. A former Paine Webber banker told Reuters that his former firm helped craft so-called […]
Hedge Funds Ejected Citigroup as Shares Slid in Third Quarter
(Bloomberg) – Paulson & Co., Lansdowne Partners LP, and Lone Pine Capital LLC were among investment firms that cut stakes in Citigroup Inc. as shares of the bank slid 38 percent in the third quarter. Paulson & Co., founded by […]
UK-based Wessex closing Asia hedge fund on asset slump
Reuters – UK-based Wessex Asset Management is closing three hedge funds, including one that invests in Asia-Pacific, the money manager said in a letter to investors, following a drop in assets under management and double-digit losses in 2011. The closure […]
Hedge Funds Raise Oil Bets to Highest Since May
SF Gate: Hedge funds raised bullish bets on oil to the most since May as speculation that Europe’s leaders will resolve the sovereign debt crisis helped drive crude to a three-month high. The funds and other large speculators increased wagers […]
CREDERIAN ALERT: What Does It Mean for Investment Managers?
This article is the first in a series of educational topics to be delivered to you from Crederian Fund Services. For further information or to discuss this topic, contact Eugene P. Grace, Crederian Fund Services, at [email protected]. CREDERIAN ALERT: What […]
SFO Aiding SEC In Sovereign Wealth Fund Probe
WSJ: U.K. prosecutors are helping the U.S. Securities and Exchange Commission with inquiries into whether financial firms violated foreign bribery laws in their dealings with sovereign-wealth funds. “We’re talking to the Americans about various issues,” Richard Alderman, director of the […]
Why Barack Obama’s Hedge Fund Tax Hike Won’t Work
CNBC: Barack Obama’s plans to reduce the budget deficit by raising taxes on hedge fund managers show that he’s more interested in political theater than responsibly dealing with the budget. When Obama says he wants to end the “tax break” […]
New Investment Strategy: Preparing for End Times
Investment professionals have a new pitch: The sky could soon be falling. While Greece took a step back from the brink on Wednesday, the possibility of a default remains a fear. Europe’s debt crisis, as well as natural disasters and […]
Funds Slam WaMu Trading Investigation
WSJ: Washington Mutual equity investors have an “ample basis” to push ahead with allegations that major hedge funds engaged in improper trading during one of the largest bankruptcies in U.S. history, an attorney for WaMu shareholders said Wednesday. Appaloosa Management, […]