Author Archives: Editor
AIMA Parliamentary Reception discusses how hedge funds can help to close the ‘pensions gap’
User Contributed News – Speaking at the reception were the Labour MP Dame Anne Begg, Chair of the Commons Work and Pensions Select Committee; the Labour MP Chris Evans, Parliamentary Private Secretary to Chris Leslie MP, Shadow Chief Secretary to […]
Conneticut Hedge Fund Adviser Sentenced To 13 Years Behind Bars
New York (HedgeCp.Net) – Venezuelan-American Francisco “Pancho” Illarramendi has been sentenced in Bridgeport, Conneticut to 156 months of imprisonment, followed by three years of supervised release, ABC reports. Illarramendi was convicted of orchestrating a Ponzi scheme that defrauded investors and […]
RadioShack, Hedge Fund Hashing Out Auction Process
WSJ – Hedge fund Standard General LP is in talks to serve as the lead bidder at a bankruptcy auction for struggling consumer-electronics retailer RadioShack Corp. , according to people familiar with the matter. RadioShack, which is running out of […]
Secret hedge fund shorts revealed
CNBC – Six hedge fund managers gave their best investment ideas at an exclusive—and private—conference, including new bets against companies. The investors were part of a session to present one long and one short idea each at Morgan Stanley’s “Breakers” […]
Hedge Fund Brevan Howard’s Fortunes Blighted by Billions in Outflows and Management Row
WSJ – For more than a decade, Brevan Howard traced a smooth upward path to become one of the most powerful hedge funds in Europe. In recent months, its fortunes have waned. Its commodities fund was closed following a run […]
Hedge-fund industry counters critics with data on performance gains
Seattle Times – Hedge funds have made about $1.5 trillion for investors after management fees in the past 10 years, according to an industry lobby group seeking to counter criticism over performance and costs. Those cumulative gains came “despite the […]
Hedge fund manager Crispin Odey sets off equity timebomb warning of recession where ‘markets will get devastated’
This Is Money – Savers received a shock warning this week: Armageddon is coming so get out of the stock market while you can. Crispin Odey, the hedge fund manager who forecast the credit crunch, warned that the world’s biggest […]
BNY Mellon and Deutsche Asset & Wealth Management Tie Up Outsourcing Deal
New York (HedgeCo.Net) – BNY Mellon has signed an agreement with Deutsche Asset & Wealth Management (Deutsche AWM) to provide real estate and infrastructure fund administration services, representing roughly $46.3 billion in assets under administration. Last July, BNY Mellon and Deutsche […]
Brevan Howard Hedge Fund Hit by Outflows as Macro Funds Suffer
WSJ – Investors pulled more than $4 billion from Brevan Howard ’s flagship hedge fund in the seven months to December, as poor returns pushed the portfolio to its first ever calendar year loss. Calculations by The Wall Street Journal, […]
Connecticut Hedge Fund Controller Admits To Embezzling $9 Million
New York (HedgeCo.Net) – Lawrence Herzing, the the former controller of hedge fund Contrarian Capital Management has pleaded guilty to one count of wire fraud stemming from his theft of more than $9 million from Contrarian, Reuters reports. Contrarian Capital […]
Three Partners Said to Leave Former Goldman Trader’s Hedge Fund
Bloomberg – Former Goldman Sachs Group Inc. proprietary trader Morgan Sze will run his Hong Kong-based hedge fund with a leaner team after planned senior departures, said a person who has seen a letter sent to investors. Two partners will […]
Citi Survey Forecasts 30% Decline in Hedge Fund Industry Profits Due to Poor Performance in 2014
New York (HedgeCo.Net) – Hedge fund industry profits in 2013 reached $31.2 billion but poor performance in 2014 cut that figure by 30% to only $21.9 billion, a loss of nearly $10 billion, Citi estimates in their 3rd Annual Hedge […]