Author Archives: the HedgeCo News Team
Ex-Chief of AIG Settles SEC Case for $15 Million
The Ledger – Federal regulators announced an agreement with Maurice R. Greenberg on Thursday to settle accusations that he oversaw an accounting fraud at the American International Group. But Mr. Greenberg did not go quietly. Shortly after the announcement from […]
Gold investment fever grips US hedge funds
Commodity Online – A prominent hedge fund manager has claimed that gold investment is proving popular in the US over fears about inflation. Moonraker, a London-based independent firm, has managed over $330 million worth of assets at BDO Stoy Hayward […]
Lawsuit says hedge-fund manager stole $750,000
Pittsburgh Post-Gazette – The family of a Cambria County manufacturer has filed a lawsuit claiming that a New York hedge-fund manager illegally took $750,000 from its trust fund. The lawsuit, filed by the family of Frank Calandra Jr., was moved […]
Railways pension invests 65 million pounds in hedge fund
Reuters – The UK Railways Pension Schemes, one of the UK’s largest plans, has invested 65 million pounds in London-based asset manager Goodhart Partners’ global long-short equity fund of hedge funds. Railpen Investments, the fund manager of the industry-wide scheme […]
Sprott profit sags as equity rise hits hedge funds
Reuters – Quarterly profit at asset manager Sprott Inc was down by half as some hedge funds were hurt by rallying stock prices, while the company said opportunities still exist on the long side of the market. Eric Sprott, who […]
Miller Heads Up New NorthPoint Dallas Office
HedgeCo.net (West Palm Beach) – Atlanta based hedge fund prime brokerage firm, NorthPoint Trading Partners, LLC, has opened an office in Dallas, Texas, led by industry veteran Chip Miller. Miller joins NorthPoint from Stadium Capital where he was head trader […]
Blackstone war chest eyes bank sector
The Australian – Blackstone Group posted a wider second-quarter loss, but results beat analysts’ expectations as the private-equity giant reported positive returns and better fund-raising at its credit-oriented and funds-of-hedge-funds businesses. On a conference call with analysts and investors, chairman […]
Declines In External Debt Elevates Concern For Global Recovery
New York (HedgeCo.net) – Hennessee Group LLC, an adviser to hedge fund investors, voiced concern in early 2009 that the global financial crisis could enter a new and more dangerous phase, one that could push several international countries to the […]
How A Hedge Fund Finesses Returns
Forbes – PetroAlgae, a Melbourne, Fla., company, is a renewable energy miracle–at least in the stock market. The company, which aims to harvest oil from algae, started trading on the OTC Bulletin Board in December 2008 at under $1 through […]
Hedge fund survivors are bouncing back
Evening Standard – A prominent hedge fund manager has claimed that gold investment is proving popular in the US over fears about inflation. Moonraker, a London-based independent firm, has managed over $330 million worth of assets at BDO Stoy Hayward […]
Charlotte Hedge Fund Forum Started by Headline Capital
HedgeCo.net (West Palm Beach) – Hedge fund manager Headline Capital Management LLC, is spearheading a series of capital introduction events showcasing the largest gathering of hedge fund managers from the Charlotte region. Aegis Funds Management, Afton Capital Management, Blackhawk Capital […]