Author Archives: Editor
Bharara hedge fund raid based on ‘lie’: Lawyer
CNBC – A 2010 raid of now-defunct hedge fund Level Global was “based completely on a lie,” an attorney for the fund’s manager David Ganek argued on Friday. Ganek on Thursday sued prosecutor Preet Bharara and U.S. officials, claiming they […]
The Guy Who Made a $1 Million Bet Against Warren Buffett
Time – Warren Buffett bet a prominent U.S. hedge fund manager in 2008 that an S&P 500 index fund would beat a portfolio of hedge funds over the next ten years. How’s it going? “We’re doing quite poorly, as it […]
A Hedge Fund Study For Pension Fund Trustees
New York (HedgeCo.Net) – Approximately one in every four dollars managed by hedge funds worldwide is invested by public and private sector pension funds, while roughly three out of every four dollars invested in hedge funds come from institutional investors […]
The 25 Highest-Earning Hedge Fund Managers And Traders
Forbes – A little more than one year ago, Steve Cohen’s SAC Capital Advisors pleaded guilty to insider-trading related charges stemming from a sweeping federal investigation into the hedge fund firm. Cohen’s SAC Capital, one of the most successful hedge […]
New Year Tests China Hedge Funds
WSJ – A disappointing start to the year for Chinese stocks is forcing some hedge funds to prove their mettle after banner performances in 2014. Stocks in mainland China are lagging behind major indexes in Asia and elsewhere, testing hedge-fund […]
Targeted by U.S. Prosecutor, Hedge Fund Fights Back
NYT – On a crisp fall morning, F.B.I. agents staged a surprise raid of three hedge funds, feeding the growing national reputation of the prosecutor Preet Bharara as the new sheriff of Wall Street. Now more than four years and […]
Investors Pull $800 Million From Fortress Fund
WSJ – Investors asked to withdraw nearly $800 million from Fortress Investment Group LLC’s flagship hedge fund over the past few months, a new setback for the closely followed manager Michael Novogratz. The redemption tally, disclosed during Fortress’ fourth-quarter earnings […]
Advent to Launch Credit UCITS Hedge Fund in Q2
New York (HedgeCo.Net) – Advent Capital Management has announced plans to launch the firm’s first alternative UCITS product, joining the rest of their UCITS offerings in Q2 2015. The ‘Advent Global Absolute Return Strategy’ will closely mirror Advent’s Global Opportunity […]
Preqin Reports Top Hedge Fund Strategies In 2014, 2015 Outlook
New York (HedgeCo.Net) The go-to-portal for hedge fund research, Preqin, has released their Annual Global Hedge Fund Report for 2015. Preqin reports that although 2014 was a disappointing year for hedge fund managers and investors in terms of performance, inflows […]
Scotland Suspends Judge Linked to Collapsed Hedge Fund Heather Capital
WSJ – Scottish legal authorities have suspended a part-time judge with a former connection to collapsed hedge fund Heather Capital. Sheriff Peter Watson was suspended from office at the start of last week, according to a statement on the Judicial […]
Ex-hedge fund manager who cooperated in Galleon probe avoids jail
Fortune – A former hedge fund manager who provided evidence for dozens of insider trading convictions, including that of Galleon Group hedge fund founder Raj Rajaratnam, avoided prison on Wednesday at his sentencing in Manhattan federal court. Thomas Hardin, who […]
Porsche May Win Dismissal of Hedge-Fund Appeal, Court Says
Bloomberg – Porsche Automobil Holding SE shares rose as much as 2.9 percent after a German court said the company was likely to win the first appellate case over claims the carmaker lied during its failed 2008 bid to acquire […]