Author Archives: the HedgeCo News Team
Steel Partners says Icahn fights on in Caymans
Reuters – Carl Icahn and other investors who failed to block Steel Partners’ plan to convert a hedge fund into a listed partnership in Delaware court, continue to fight the plan in the Cayman Islands, Steel Partners said on Thursday. […]
Hedge Funds Are Leaving Money on the Table
Hedge Funds Are Leaving Money on the Table – Securities Class Action Settlement monies are due to investors hurt by fraud – is your firm collecting what it is due? Securities class action lawsuits are on the rise. In 2008, […]
Swindler pays for faking death
The London Free Press – A hedge-fund swindler who faked his own death in an effort to skip out on a 20-year prison term was sentenced yesterday to two extra years. Federal Judge Kenneth Karas said Samuel Israel III was […]
Ill. fund manager linked to Petters ordered freed
West Central Tribune – A federal magistrate judge ordered the release on bail Wednesday of an Illinois hedge fund manager who allegedly helped Minnesota businessman Tom Petters orchestrate what prosecutors call a $3.5 billion Ponzi scheme. Prosecutors tried to persuade […]
Appeals Court Dismisses Fraud Charges Against Hedge Fund Advisor Hennessee Group
HedgeCo.net (West Palm Beach) – The U.S. Court of Appeals affirmed a district court’s decision that also dismissed a securities fraud case against New York-based hedge fund investment adviser Hennessee Group LLC. Judge Colleen McMahon of the U.S. District Court […]
Lehman administrators plan assets return
ninemsn – Administrators for the main European unit of bankrupt US investment bank Lehman Brothers Holding Inc have revealed plans to return frozen hedge fund assets to creditors. This could start as early as next year. PricewaterhouseCoopers, Lehman Brothers International […]
Highland Park-based hedge fund manager granted bail
Chicago Tribune – Illinois hedge-fund manager Gregory Bell, who was charged with wire fraud for his role in an alleged Ponzi scheme, was granted $1.5 million bail and required to wear an electronic monitor, a federal judge in Minnesota ruled […]
Congress Gets Obama Hedge Fund Disclosure Bill
CNBC – The Obama administration has sent legislation to Congress that would bring hedge funds and other private pools of capital under government supervision. The proposal calls for the Securities and Exchange Commission to oversee hedge, private equity and venture […]
SYZ & CO Expands To Hedge Funds & FoHF’s In Spain
HedgeCo.net (West Palm Beach) – International hedge fund manager and Swiss banking group, SYZ & CO, has acquired 50% of the asset management company owned by Spanish alternative investment group N+1. The joint venture, named “N+1 SYZ Gestión”, will provide […]
Meiji Yasuda, With $244 Billion, to Cut Hedge Funds Holdings
Bloomberg – Meiji Yasuda Life Insurance Co., with 23 trillion yen ($244 billion) in assets, said it will cut its investments in hedge funds this year as it switches to investments with steadier returns. Japan’s third-largest life insurer will reduce […]
Harris: Ex-49er Steve Young joins private equity firm
Contra Costa Times – If you accept the adage that "all of life is high school," then one of the charms of Silicon Valley is its ability to turn nerds like Marc Andreessen or Mark Zuckerberg into star quarterbacks on […]