Author Archives: Editor
Ex Goldman Director Launches Bitcoin Derivatives Brokerage
Crypto Facilities Ltd, a London-based broker run by former Goldman Sachs Executive Director Timo Schlaefer, announced today the launch of its bitcoin derivatives trading platform http://www.cryptofacilities.com. The platform initially hosts a Forward contract on the USD price of bitcoin. The […]
Seward & Kissel: New Hedge Funds Are Lowering Investor Fees
New York (HedgeCo.Net) – An annual study of new hedge funds by New York law firm Seward & Kissel reports that hedge fund managers are becoming more sensitive to the needs of investors, rearranging management fee structures to meet their needs. “The […]
Skybridge Announces SALT 2015 Scheduled Speakers
New York (HedgeCo.Net) – Hedge fund manager Skybridge Capital has announced speakers such as George Papandreou, Julia Gillard, Mikhail Gorbachev and Ben Bernanke, among others, at at the seventh annual SALT Conference, which will take place from May 5-8, 2015 at […]
Man Reports $72.9 Billion In Funds Under Management For 2013
New York (HedgeCo.Net) – Hedge fund giant Man Group plc today announced the results for the financial year ending 31 December 2014. Funds under management (FUM) are reported up 35% to $72.9 billion (31 December 2013: $54.1 billion.) “2014 marked […]
Juniper okays Elliott Management’s board nominees
The Register – Juniper Networks and activist investor Elliott Management are fluttering the “peace in our time” paper, with the network ironmonger agreeing to appoint two new Elliot-approved directors to its board. The deal will hopefully give the company some […]
Hedge fund: ‘Distressed cycle’ for energy coming
CNBC – Another big hedge fund manager is getting ready to make money on the crash in energy prices. “For the first time in years, the high-yield selloff has created opportunities to buy sound, albeit leveraged, companies at expected compound […]
$450,000 for a Vacation? Inside a Billionaire’s Divorce
NBC – The divorce of hedge fund billionaire Ken Griffin just keeps on providing revelations about the couple’s spending. Last month, we learned that the family spent $1 million per month in expenses related to their three kids. The filings […]
Biggest Hedge Fund Run by a Woman Emerges After Braga Spinoff
Bloomberg – Leda Braga stood on a stage at Geneva’s InterContinental hotel this month and began singing “Happy.” “Can’t nothing bring me down,” the hedge-fund manager known to some as Lady Braga shouted to about 80 employees, her voice hoarse […]
Ex-hedge fund analyst pleads guilty in NYC to copying trading code
Reuters – A former analyst for hedge fund Two Sigma Investments pleaded guilty in New York state court on Tuesday to stealing proprietary trading models from his employer. Kang Gao, a Chinese national, pleaded guilty to one count of unlawful […]
Billionaire John Paulson Backs Valeant’s Takeover Of Salix Pharmaceuticals Amid Consolidation Bet
Forbes – Paulson & Co. is supportive of Valeant Pharmaceuticals $158 a share takeover of Salix Pharmaceuticals, after the merger focused hedge fund added to its bets on the consolidation of the pharmaceutical sector in the fourth quarter by taking […]
Hedge Fund Crime Ring Uncovered, A Dozen Criminals Brought to Justice
New York (HedgeCo.Net) – Nearly a dozen fraudsters who conspired to operate the $40 million Black Diamond hedge fund Ponzi scheme will be spending plenty of time behind bars after a joint effort by the FBI, the Internal Revenue Service, […]
Hedge fund Greylock hires new head of research
Reuters – Hedge fund Greylock Capital Management has hired Jonathan Prin as its new managing director and head of research. Prin, who was previously a portfolio manager in JP Morgan Asset Management’s fixed-income group, replaces Juan Pedro “JP” Moreno, who […]