Author Archives: the HedgeCo News Team
Ginnie Mae top exec leaving for private sector job
AP – The head of the government agency that packages federally backed mortgages into investments is stepping down for a new job, people familiar with his plans said. Joseph Murin, president of the Government National Mortgage Association, known as Ginnie […]
BofA shares jump after exec, hedge fund buy shares
The Associated Press – Shares of Bank of America shot up Thursday as a new executive at the bank, as well as a prominent hedge-fund manager, decided to place big bets on the company by buying up blocks of shares. […]
Warren Buffett of East Crashes Hedge Fund Party
Bloomberg – Asia has been good to hedge funds this year. The Eurekahedge Asian Hedge Fund Index climbed 4.2 percent in July, while funds in North America and Europe rose 2.1 percent and 1.9 recent, respectively. Preliminary reports show Asian […]
OECD Puts Cayman Islands on Tax ‘White List’
HedgeCo.net (West Palm Beach) – The Organisation for Economic Cooperation and Development (OECD) added the Cayman Islands to its ‘white list’ of jurisdictions that substantially implement international tax standards. The Cayman Islands recognition came about after the country signed its […]
Penn fund lost, but other Ivies lost more
Philadelphia Inquirer – The University of Pennsylvania’s endowment fund lost a lot less than other big Ivy League schools during the grim financial year ended June 30. That’s a switch for the better at the West Philadelphia campus of the […]
Report: Pequot Capital Management, founder Samberg receive SEC Wells notices
News1130.com – The Securities and Exchange Commission is continuing its investigation of possible insider trading involving hedge fund Pequot Capital Management and its founder Arthur Samberg, according to a letter to investors obtained by The Wall Street Journal. The SEC […]
Hedge Funds Tricked by Producer of Palin Porno Spoof, Says Suit
CBS News – Here’s a switch: a dozen hedge funds are accusing a California businessman of "playing dirty" with their money and even the name Sarah Palin is a "player" in the defendant’s prior ventures, according to the New York […]
People Moves: Two Hedge Fund Specialists Join Probitas Partners
HedgeCo.net (West Palm Beach) – Hedge Fund veterans James Coleman and Vincent Le Hodey have joined global alternative investment firm Probitas Partners at its London office. “We are very excited to have James and Vincent join Probitas Partners. They are […]
FSA bans long-term guaranteed bonuses
Forbes – Britain’s financial regulator on Wednesday banned guaranteed banker bonuses of more than one year, as it leads a global crackdown on a culture of excessive risk-taking that has destabilised economies. The Financial Services Athourity (FSA), which has been […]
Atticus Chief Exits, Leaving High Water Mark Behind
CNBC – Another of the once giant hedge funds is all but closing its doors. Atticus Capital founder Timothy Barakett, 44 years of age, is shuttering his flagship fund and returning $3 billion in capital to his investors. The roughly […]