Author Archives: Editor
NY Financial Advisor Charged With Stealing $20 Million From Customers
New York (HedgeCo.Net) – The Securities and Exchange Commission announced fraud charges against a New York City-based financial advisor accused of stealing at least $20 million from customers to fund his own brokerage accounts and then squandering the bulk of […]
The Whistleblower’s Tale: How An Accountant Took on Halliburton
The email that ruined Tony Menendez’s life arrived on a warm and sunny February afternoon in 2006. Menendez is, by nature, precise and logical, but his first instinct was somewhat irrational. He got up to close the door to his […]
UK financial trader arrested over 2010 global markets ‘flash crash’
The Guardian – A financial trader who played the world’s futures markets from a small suburban house in Hounslow, west London, has been arrested and faces extradition to the US after supposedly making $40m (£27m) for his alleged role in […]
Man Group boosts computer-driven hedge fund offerings
Reuters – Man Group has expanded the range of computer-driven AHL funds, boosting its product offering in an unit that helped the world’s biggest listed hedge fund firm post its highest profit in five years in 2014. The firm manages […]
Despite Hedge-Fund Fund-raisers, Clinton’s Camp Says She’s the Original Elizabeth Warren
Vanity Fair – Sensing dissatisfaction from the left wing of the party, Democrats aligned with Hillary Clinton are mounting an extensive effort to burnish the presidential candidate’s populist bona fides—an effort slightly complicated by the fact that two of the first […]
Hedge fund exit requests drop in April
Reuters – Investor requests to take out cash from hedge funds dropped in April from the month before, data from fund administrator SS&C Technologies showed on Tuesday. The SS&C GlobeOp Forward Redemption Indicator, a snapshot of withdrawal requests expressed as […]
Dymon Hedge Fund in Catch-Up Mode After SNB Move
WSJ – Singapore-based Dymon Asia Capital Ltd. ended the first quarter with a sharp decline in its largest hedge fund, a bruising performance for one of Asia’s biggest managers but also a quick turnaround from heavy losses suffered earlier in […]
Hedge Fund That Made 18% on Dollar Strength Now Bets on Drop
Bloomberg – Charlie Chan, a former Credit Suisse Group AG proprietary trader who now runs his own hedge fund, reduced bets the dollar will strengthen and added trades that would profit from a decline. Chan said he trimmed his fund’s […]
Hedge Fund Advisor BlackRock Settles With SEC For $12 Million
New York (HedgeCo.Net) – BlackRock Advisors LLC has agreed to settle SEC charges of failing to disclose a conflict of interest among its ranks and will pay a $12 million penalty. The hedge fund advisor will also hire an independent […]
Global Equity Mutual Funds and ETFs Get $88.3 Billion in 2015
New York (HedgeCo.Net) – TrimTabs Investment Research reported today that strong investor interest in non-U.S. equities is broadening from Europe and Japan into emerging markets. Even ahead of the stimulus announced Sunday, exchange-traded funds focused on Chinese equities posted 22 […]
Star Houston hedge fund founder steps down
Biz Journals – Dave Coolidge, one of Houston’s most well-known hedge fund managers, has retired at the age of 49 from his natural gas hedge fund, Velite Benchmark Capital Management LP, only nine years after the fund’s debut. Assuming Coolidge’s […]
