Author Archives: Editor
SEC: A “Fox In The Henhouse” Compliance Officer Stealing From His Own Hedge Fund
New York (HedgeCo.Net) – A Long Island man has been accused of stealing from hedge fund brokerage firm Trident Partners. While working as the director of compliance, the SEC alleges that William Quigley opened three brokerage accounts to misappropriate investor […]
These tech stocks unseated Apple in hedge-fund manager Daniel Benton’s portfolio
Market Watch – Daniel Benton’s Andor Capital Management has filed its 13F for the reporting period of March 31, with the investment manager boasting an equity portfolio of $1 billion as of the reporting date. One of the major moves […]
Billion-Dollar Hedge Fund Managers Command 92% of Fund Assets
Think Advisor – The global hedge fund sector grew to nearly $3.2 trillion in the first quarter, managed by 5,122 single managers, according to a new report from Preqin, the alternative investment data provider. But just 11% of those managers […]
Ex-Hedge Fund Trader Martoma Tries New Tack to Overturn Conviction
India West – Mathew Martoma, an Indian American former hedge fund trader who is serving nine years in prison for carrying out the most lucrative insider trading scheme in history, said he should be freed after an appeals court tossed […]
Hedge Fund Philanthropy: Hungarian Novelist Wins Man Booker Award
New York (HedgeCo.Net) – Innovative Hungarian writer László Krasznahorkai has won the sixth Man Booker International Prize for his novel “The Melancholy of Resistance”. The award ceremony took place at the Victoria and Albert Museum in London. “We are very […]
Macro strategies in favor with largest hedge fund investors
Pensions & Investments – Preqin says nearly half of hedge fund searches among the largest investors in such vehicles are currently focused on macro strategies. The research provider says political tensions and significant economic events (such as the end of […]
Kraft Heinz Turns Into A Hedge Fund Favorite As Buffett And 3G Mix Ketchup With Macaroni
Forbes – Hedge funds are eyeing Kraft Foods ahead of the close of its planned merger with 3G Capital and Berkshire Hathaway -backed ketchup maker Heinz, a deal that will give current shareholders a 49% stake in what could become a global foods […]
Billionaire hedge fund backer of Plus500 hikes stake in embattled Israeli spread better
This Is Money – The billionaire hedge fund backer of Plus500 has hiked his stake in the embattled Israeli spread better. Crispin Odey, who runs Odey Asset Management, snapped up 2.5m shares in the group on Friday, taking his holding […]
Co-Founder Of Blackstone’s Hedge Fund Arm To Step Down To Start A Family Office
New York (HedgeCo.net) – One of the founders of Blackstone’s alternative credit platform, GSO, is leaving the company to found a family office to invest capital and work alongside management teams. Doug Ostrover will step down as a Senior Managing […]
$1.5 To $3.3 Billion Risk Gap: Deutsche Bank To Pay $55 Million Penalty
New York (HedgeCo.net) – The Securities and Exchange Commission yesterday charged Deutsche Bank AG with filing misstated financial reports during the height of the financial crisis that failed to take into account a material risk for potential losses estimated to […]
Hedge fund aims algorithms at pharma patents to sink stocks
BioTech – Hedge fund manager Kyle Bass has outlined how he picks pharma patents to challenge for his new money-spinning project. The project is underpinned by two emerging assets commonly thought of as a potential boon for drug developers: large […]
Asian Hedge Funds Continue To Dominate HSBC Rankings
ValueWalk – Asian Hedge Funds continue to dominate the top listings of HSBC Holdings plc’s weekly hedge fund performance report, while systematic names that dominated last year’s rankings have been generally finding difficulty in May along with some top names. […]
