Author Archives: the HedgeCo News Team

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.

Hedge Fund Backed Korean-American for Boston Mayor?

May 18, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Hedge fund and non-local donors are behind political activist Sam Yoon, candidate for mayor of Boston, according to the Boston Globe. South Korea born, Yoon is already among the most prominent Korean-Americans in elected office, […]

Properties Searched in UK/Cayman Hedge Fund Investigation

May 18, 2009 : Permalink

West Palm Beach (HedgeCo.net) – The UK Serious Fraud Office, (SFO) Friday conducted searches on two residential properties (one in Kent, the other in Surrey) assisted by the City of London Police, in connection with its investigation into an alleged […]

2 face Macon hearing on fraud charges

May 18, 2009 : Permalink

Macon Telegraph – In Macon, 56-year-old Gary Sheldon Hutcheson and 52-year-old Saundra McKinney Pyles are expected to enter pleas Monday on charges of defrauding more than four dozen investors out of $2.11 million. The list of victims include well-known names […]

Hunt for Madoff money to drag on for years

May 18, 2009 : Permalink

Reuters UK – Five months after Bernard Madoff’s massive fraud was revealed, little of his victims’ money has been found and it appears increasingly likely that the worldwide hunt for their missing billions will drag on for years. So far, […]

A Hedge Fund Manager’s Farewell

May 18, 2009 : Permalink

New York Times – Two weeks from now, a seven-year-old hedge fund called Alson Capital Partners will return around $800 million to its investors, and shut its doors for good. The fund was founded and managed by Neil Barsky, 51, […]

GLG Partners Sells $214 Million Of Notes

May 18, 2009 : Permalink

West Palm Beach (HedgeCo.Net) – Hedge fund GLG Partners has completed its private offering of $214 million aggregate of dollar-denominated convertible subordinated notes due 2014. The notes bear interest at a rate of 5.00% per year and rank junior in […]

SEC lawyers probed for insider trading

May 18, 2009 : Permalink

Reuters – Two U.S. Securities and Exchange Commission enforcement lawyers are under investigation by federal criminal authorities for allegedly using insider information to trade stocks, a report by the SEC’s internal watchdog said. The Federal Bureau of Investigation and U.S. […]

Obama’s barbed words worry corporate world

May 15, 2009 : Permalink

The Associated Press – Relations between President Barack Obama and U.S. corporate leaders have grown tense in recent weeks, with business groups bristling over his sharp rebukes of lenders and multinational companies in particular. Executives and trade groups that praised […]

Cayman Islands charges Robert Girvan in fund failure

May 15, 2009 : Permalink

Jamaica Observer – A Jamaican investment manager in the Cayman Islands has been charged in the collapse of four hedge funds based in the Caribbean offshore financial centre. Robert Christopher Girvan was charged with forgery, obtaining a money transfer by […]

Forzani Group rejects hedge fund\’s proxy demands

May 15, 2009 : Permalink

Reuters – Forzani Group recommended on Thursday that shareholders oppose a bid from a New York-based hedge fund attempting to nominate its own members to the board. The Canadian sporting-goods retailer said Crescendo Partners, which owns about 5 percent of […]

Hedge funds wary of US govt

May 15, 2009 : Permalink

Straits Times – Hedge fund executives at the conference said Mr Obama’s deal undercut bankruptcy court rules that have long given priority to secured lenders. The White House move and its combative stance with hedge funds may keep some managers […]

Indea Hedge Fund Plans to Buy, Not ‘Panic,’ on Polls

May 15, 2009 : Permalink

Bloomberg – Indea Capital Pte, an India-focused hedge fund that manages about $300 million, plans to buy shares even if India’s election results disappoint investors, said Chief Investment Officer Raj Mishra. The ruling Congress party-led coalition and the main opposition-led […]