Author Archives: Editor
SEC Waives Hedge Fund Regulatory Restrictions For Bank Of America
New York (HedgeCo.Net) – The Bank of America has been allowed a 30 month waiver from new restrictions on selling shares in hedge funds and other private offerings, the WSJ reports. Zacks reports: According to the SEC laws, any floundering […]
Brevan Howard Said to Close Commodity Hedge Fund After Losses
Bloomberg – Brevan Howard Asset Management LLP, the hedge-fund firm that oversees $37 billion, is shutting its commodity hedge fund run by Stephane Nicolas after losses this year, according to two people with knowledge of the matter. The fund, which […]
Hedge fund couple agree Britain’s most expensive divorce
Reuters – Billionaire hedge fund manager Chris Hohn has been ordered to pay his estranged wife Jamie Cooper-Hohn 337 million pounds ($530 million) in the largest divorce settlement in British legal history. The size of the settlement was detailed in […]
British Insurer Aviva to Shutter U.S. Hedge-Fund Arm
WSJ – British insurer Aviva PLC will shutter a U.S.-based hedge-fund arm by the end of the year after a major client asked for its money back, according to people familiar with the matter. The Aviva unit, a so-called fund […]
Hedge fund Cheyne Capital launches fund to boost British social housing
Reuters – Cheyne Capital has joined forces with investors to launch a fund that will invest in British property for disadvantaged groups, the $6 billion London-based hedge fund firm said on Thursday. The Cheyne Social Property Impact Fund, seeded by […]
Philip Falcone, Hedge Fund Chief in Exile, Is Stepping Down
NYT – Philip A. Falcone, the hedge fund manager who made billions betting against the housing market and then lost a bundle trying to build a wireless network, is once again trying to reinvent himself. In a surprising move, Mr. […]
Catalyst Converts Third Hedge Fund
New York (HedgeCo.Net) – Catalyst Funds, an alternative-focused mutual fund company, is launching the Catalyst/Stone Beach Income Opportunity Fund (IOXAX). The Fund is a conversion of the Stone Beach Special Opportunity Fund, LLC, a hedge fund. Now available as a […]
What Will happen to the Hedge Fund Industry if we Experience a 2008 Type Market Decline?
User Contributed News – With interest rates and credit spreads near historic lows and equity valuation above historical averages, many people are concerned that the Federal Reserve, by artificially keeping rates low, has created a 2007 type asset bubble in […]
Justice Department Investigating Possible HSBC Leak to Hedge Fund
WSJ – The U.S. Justice Department is investigating allegations that an employee of HSBC Holdings PLC leaked confidential client information to a major hedge fund, according to people familiar with the matter, a new twist in a cross-border government probe […]
FBI Files Say Hedge Fund Analyst Made Millions on Tips From Dell Insider
Bloomberg – The FBI files spell it out: An analyst at Citadel LLC, the hedge fund with $23 billion in capital invested globally, told agents he made millions of dollars trading on information from a company insider. It was December […]
SEC Adopts Rules to Improve Systems Compliance and Integrity
New York (HedgeCo.Net) – Given the heavy reliance on technology and automated systems in the securities markets today, the impact of technology failures can be significant. The SEC voted to adopt new rules designed to strengthen the technology infrastructure of […]
Wedbush Securities To Pay $2.44 Million Penalty For Market Access Violations
New York (HedgeCo.Net) – LA broker-dealer Wedbush Securities agreed to settle a pending SEC case for market access violations by admitting wrongdoing, paying a $2.44 million penalty, and retaining an independent consultant, Reuters reports. The SEC’s order finds that Wedbush […]