Author Archives: Editor
U. California Loses Hedge Fund Chief, Looks to Recruit
CIO – The University of California’s (UC) longtime head of hedge funds Lynda Choi has submitted her resignation, CIO has learned. Choi’s departure—scheduled for July 1—will end her decade-long leadership of the now-$6 billion portfolio, putting the managing director role […]
Global Hedge Fund Centaur Wins Award for Fifth Consecutive Year
New York, HedgeCo.Net – For the fifth consecutive year, Centaur Fund Services has been recognised in the HFM European Hedge Fund Services Awards. Centaur was named as Best Administrator under $30bn – Overall in recognition of its exceptional client service […]
Hedged investing isn’t hedge-fund investing
MarketWatch – When investors hear the words “hedge fund,” several possible thoughts come to mind. Among them: deceit, scam, blowup, leverage, cloak-and-dagger, excessive fees and speculative. Like any other, the hedge fund industry has had its saints and sinners. To […]
Hong Kong start-up to bet millions on hedge fund run by artificial intelligence
Start Ups – A financial tech start-up based in Hong Kong will soon launch a hedge fund in the US managed by artificial intelligence. Ben Goertzel, co-founder and chief scientist of the venture, called Aidyia, said the fund will start […]
Paulson, Highbridge Bermuda Ventures May Be at Risk From IRS
Bloomberg – Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from the U.S. Internal Revenue Service. The IRS, in proposed rules published Thursday, said that the favorable treatment enjoyed […]
Private Equity Investment Volume Remains Strong in Q1 2015
New York (HedgeCo.Net) – Private equity investment volume remained strong in Q1 despite a seasonal slowdown in overall private equity activity, according to the Private Equity Growth Capital Council’s (PEGCC) Trends Report for the first quarter of 2015. Investment volume […]
The Surprising Market Response to Activist Hedge Funds
WSJ – Is hedge-fund activism good or bad? This question has dominated financial debate this year, as hedge funds besiege on average nearly one company a day seeking to shake up managements. This month’s battle over the future of Vivendi […]
Steven Cohen, others pledge $250,000 each to pro-Christie super PAC
Washington Post – New Jersey Gov. Chris Christie may be straining to revive his presidential hopes amid a crowded field, but a super PAC set up to support his likely bid is having some success pulling in major donations. Several donors, […]
Blackstone-backed Denjoy Capital to shut hedge fund – document
Reuters – Denjoy Capital Partners, a London-based hedge fund backed by Blackstone Group, one of the industry’s most powerful investors, is closing its European long-short equity hedge fund, a letter to investors seen by Reuters showed. The Denjoy Integral Fund […]
Married Couple Sentenced To Jail For Stealing $6.5 Million Through A Fictitious Hedge Fund
New York (HedgeCo.Net) – An Oklahoma husband and wife were handed prison sentences yesterday for stealing over $6.5 million from six victims who thought they were investing in a hedge fund. Linda Livolsi was sentenced to 45 months (3.75 years) in […]
Agape Employees Convicted For Massive Ponzi Scheme
New York (HedgeCo.Net) After four weeks of trial, a federal jury in New York, returned guilty verdicts against Diane Kaylor and Jason Keryc, former employees of Agape World, Inc. (Agape), on charges of securities fraud, conspiracy, mail fraud, and wire […]
Goldman Sachs settles sex discrimination case with former analyst
Guardian – Goldman Sachs has reached an out-of-court settlement in London with a female vice president who alleged the Wall Street bank owed her millions in unpaid bonuses and discriminated against her after she revealed she was pregnant. Goldman Sachs […]
