Author Archives: the HedgeCo News Team
Long-only leads hedge fund returns in July
Forbes – Long-only hedge fund strategies posted the best returns of the asset class in July as global stock markets continued their upward trend, according to data in a report published by Lipper Global on Tuesday. As the industry looks […]
Hedge funders’ suit claims money went to porn investment, swingers’ resort
New York Daily News – A California moneyman with X-rated interests is being sued by several hedge funds who accuse him of shoveling their millions into porn and a planned Catskills swingers ranch. Milton (Todd) Ault 3rd is charged with […]
Hedge Fund Models Need to Evolve- Deloitte Research
HedgeCo.net (West Palm Beach) – A new research paper by Deloitte LLC: "How Hedge Funds Are Becoming the Ultimate Networked Enterprise," focuses on how hedge fund methods of interacting with prime brokers and third-party administrators needs to be rethought in […]
Madoff aide to plead guilty in Ponzi scheme
Newsday – Bernard Madoff’s top lieutenant in his Ponzi scheme is scheduled to plead guilty Tuesday to federal charges in what many legal observers believe is a cooperation deal that could lead to trouble for some major hedge fund operators. […]
2009 European Industry Leadership Award Goes To Paulson Director
HedgeCo.net (West Palm Beach) – Ms. Mina Gerowin, Managing Director of Paulson Europe, is this year’s recipient of the 100 Women in Hedge Funds 2009 European Industry Leadership Award. In recognition of outstanding professional talent and business ethics, Ms. Gerowin […]
Lewis Faces More Merrill Queries as $33 Million Accord Delayed
Bloomberg – Bank of America Corp. Chief Executive Officer Kenneth Lewis faces more queries about his purchase of Merrill Lynch & Co. after a federal judge refused to approve a $33 million settlement of a lawsuit over bonuses. The bank […]
Thames River plans two credit funds, US foray
Reuters – Thames River Capital is hoping to launch two investment grade credit strategies later this year and is looking at how best to target the U.S. institutional market, chief executive Charlie Porter told Reuters. The independent fund house, which […]
Long/short funds push back into markets
Financial Standard – Long/short hedge fund managers increased their net exposure to equity markets, allowing them to post positive returns last month, according to a replication index. The Credit Suisse Long/Short Equity Replication Index, which replicates the performance of major […]
Hedge funds making a comeback
Stuff – Hedge funds posted more gains last month, providing fresh evidence that the US$1.4 trillion industry is recovering after last year’s heavy losses and record redemptions. The average hedge fund gained 2.42 percent in July after having inched up […]
Funds loosen strings on redemption periods
Business24-7 – Investment funds that extended redemption periods because of adverse conditions in the market have started to cut their notice periods. The move comes in response to positive factors such as the recent market rally and improved liquidity levels […]
Texas Fund Manager Settles Insider-Trading Claims
Bloomberg – A Dallas hedge-fund manager and entities he owns agreed to pay $788,016 to settle U.S. government claims they made more than $500,000 by shorting shares of companies while using inside information that issuers would conduct private placements. Edwin […]