Author Archives: Editor
12 Year Sentence Sought In Massive Hedge Fund Fraud Scheme
CBS – Federal prosecutors are seeking a sentence of no less than 12 years in prison for a Venezuelan financier who ran a massive investment fraud scheme in Connecticut. Authorities say in their sentencing memo that the crimes of Francisco […]
Centaur Wins Award For Leading Innovator in Hedge Fund Administration and Client Service
User Contributed News – Centaur Fund Services announced today that it has been named ‘The Leading Innovator in Hedge Fund Administration and Client Service’ at the Hedge Fund Journal Awards 2015 . This award recognizes the company’s excellence in innovation, […]
Ackman Earns $4.5 Billion for Hedge Fund Clients in 2014
Bloomberg – Bill Ackman, the hedge fund manager who wages campaigns against corporate management and boards, made more money for his clients last year than any of his rivals, according to a report. Ackman, who runs Pershing Square Capital Management […]
Ohio Hedge Fund Manager Accused of Defrauding Investors of $5.5 Million
New York (HedgeCo.Net) – An eight-count federal indictment has been returned charging Geoffrey W. Nehrenz for his role operating a hedge fund Ponzi scheme in which 19 investors were defrauded out of approximately $5.5 million, law enforcement officials said. Between […]
Activist Hedge Fund Elliott Has Big Stake in Informatica
WSJ – Activist hedge fund Elliott Management Corp. has taken an 8% stake in big-data company Informatica Corp. , making it the company’s biggest shareholder, as of recent Securities and Exchange Commission filings. The activist said Informatica’s shares are “significantly […]
Here’s How Some Hedge Funds Are Accidentally Showing Their Hand
Business Insider – Hedge fund managers spend their time navigating through thick piles of data and analyzing the inner workings of the companies they invest in. Understandably, they like to keep those activities on the down-low, and make every effort to […]
British Hedge Fund Manager Sees Doom And Gloom For Markets
Benzinga – British hedge fund manager Crispin Odey thinks the world is headed for a downturn that will “devastate equity markets.” The 55-year-old hedge fund manager, whom the New York Times recently described as a “semi-celebrity” in England, said central […]
Study: ETF Assets To Exceed $5 Trillion By 2020
New York (HedgeCo.Net) – Professionally managed financial investments globally are predicted to grow at 6 percent annually to reach $100 trillion by 2020, according to a new report by PwC. ETFs will pay a prominent role in this growth, as […]
Weavering Hedge Fund Boss Gets 13 Years In Jail
New York (HedgeCo.Net) – After a long and drawn out trial regarding the collapse of the UK’s largest hedge fund, Weavering, which went down in 2009 with more than $530m of losses, founder Magnus Peterson has been sentenced to 13 years […]
As inequality soars, the nervous super rich are already planning their escapes
Guardian – With growing inequality and the civil unrest from Ferguson and the Occupy protests fresh in people’s mind, the world’s super rich are already preparing for the consequences. At a packed session in Davos, former hedge fund director Robert […]
Hedge Funds Learn Secrets Not So Safe
Bloomberg – In the hedge-fund world, there is no more closely guarded secret than what stock a firm is preparing to target. But recently, a few fund managers have discovered that their plans may not be as secret as they […]
Bill Ackman Joins Ranks Of Most Successful Hedge Fund Managers
JBD – Besides climbing to the top of the hedge fund world, activist investor Bill Ackman has become one of the most successful hedge fund managers of all time after his Pershing Square made huge profits from big bets on […]