Author Archives: the HedgeCo News Team
Hedge funds get bigger as returns get smaller
Hedge funds just keep getting larger and larger. Too bad their returns aren’t. Money invested in these high-octane investment vehicles surged 17% to a record $2.6 trillion in 2013, according to a report from Hedge Fund Research Inc. But Hedge […]
Michael Zimmerman’s Hedge Fund Anticipates 2014 Mobile Shopping Revolution
New York (HedgeCo.Net) – Michael Zimmerman of hedge fund Prentice Capital Management LP believes mobile shopping will change the way we shop, an evolution that is already happening. Online sales on Christmas Day were up 16.5 percent over last year while […]
Hedge Fund Winton Capital Plans U.S. Office
Winton Capital Management, the fourth largest European hedge fund by assets under management, is planning to open a U.S. office in the summer, according to people familiar with the matter. The move is part of a broader global expansion that […]
Exclusive bank-owned FX platform to open doors to hedge funds
(Reuters) – ParFX, a currency trading platform launched to curb the advantage of high-frequency traders, will allow hedge funds to join banks in its trade to increase liquidity and create a wider trading community. The platform, featuring technology to level […]
Charlie Ergen and hedge funds fighting over LightSquared loan
Dish Network Corp. Chairman Charlie Ergen is again fighting with a group of hedge funds that hold LightSquared’s bank debt, this time over which side should be providing a short-term bankruptcy loan to keep LightSquared afloat. In a Thursday filing […]
Hedge funds take fee cut, rework ‘2- 20’ rule
Business Standard – Barely a year old, the Indian hedge fund sector is already experimenting with the global standard fee structure for such investment vehicles. Hedge funds the world over typically charge a two per cent management fee and also […]
Hedge Funds Reduce Gold Bull Bets Amid Record Outflows
Bloomberg – Hedge funds got less bullish on gold before prices dropped to the lowest level since 2010, leaving the metal poised for the worst annual loss in 32 years as investors dump bullion at a record pace. Money managers […]
Robert W. Wilson leaps to his death at 87; hedge-fund founder and philanthropist
Washington Post – Robert W. Wilson, a retired New York hedge-fund founder who committed his life to donating his fortune to charities, died Dec. 23 in Manhattan. He was 87. He leaped from his 16th-floor residence at the San Remo […]
Hedge fund manager Bill Ackman goes after Herbalife again
The Business Journal – Hedge fund manager Bill Ackman isn’t done with Herbalife. In a letter to investors this week, Ackman claims that allegedly sketchy recruiting methods used by Herbalife distributors is continuing, even though the company promised the methods […]
Phillip Goldstein files for JOBS Act exemption to allow his Hedge Fund to “Publicly Solicit”
New York (HedgeCo.Net) – Phillip Goldstein, activist hedge fund manager and long time vocal champion for hedge fund’s right to advertise, has just filed with the SEC to allow his fund “Opportunity Income Plus LP” to make public solicitations in […]
ETF PM Pledges $53,000 to Schools and Charities Selected by Clients
New York (HedgeCo.Net) – ETF Portfolio Management (ETF PM), a revolutionary financial advisory firm, has pledged $53,000 in charitable donations since 2010. The firm has a Pledge to Give Back in which a percentage of each client’s annual advisory fee is […]
Decosimo and Larry Hyatt Accounting Firms Merge
New York (HedgeCo.Net) (December 18, 2013) – Larry Hyatt & Associates of Brentwood, Tennessee, a specialty firm recognized as a leading authority in state and local taxes, has merged with Decosimo, a Top 100 regional CPA firm headquartered in Chattanooga, […]
