Author Archives: Editor
‘Black Diamond’ Ponzi Scheme Leads To Jail For 3 Hedge Fund Managers
New York (HedgeCo.Net) – Three hedge fund managers have been arrested in connection with a $40 million investment fraud conspiracy. Jeffrey Toft of Sioux Fall, S.D., was sentenced to 66 months in prison followed by two years of supervised release. […]
CAIA Launches Texas Hedge Fund Chapter
New York (HedgeCo.Net) – The State of Texas is now home to the 18th and newest chapter of the Chartered Alternative Investment Analyst (CAIA) Association. Initially, the CAIA Texas chapter will have leadership committees in Dallas and Houston, with plans […]
Alibaba Co-Founder Said to Back Hedge Fund of Ex-SAC Trader
Bloomberg – Joseph Tsai, vice chairman of Alibaba Group Holding Ltd. (BABA), has pledged the bulk of a $100 million commitment to a new hedge fund run by former SAC Capital Advisors LP manager Andrew Bazarian, according to a person […]
SEC Withholds Hedge-Fund Data Its Own Economist Used In Paper
Forbes – The Securities and Exchange Commission routinely rejects more than half of all Freedom of Information Act requests for data that could help investors better select investment advisors, even while it allowed a staff economist to use some of […]
Hedge Funds Cut Bullish Oil Bets on Rising Global Output
Bloomberg – Hedge funds cut bullish holdings in crude as record U.S. output added to a global supply glut, spurring the longest losing streak in prices in six years. Money managers reduced net-long positions in West Texas Intermediate by 2.3 […]
Hedge fund takes £100m bet on M&S share price fall
Telegraph – A US hedge fund giant has made a £100m bet against Marks & Spencer as Britain’s biggest clothing retailer prepares to unveil another slump in sales. Lone Pine Capital, which controls $27bn (£16.9bn) of assets, has built a […]
China Hedge Funds to Blossom Under New Rules
WSJ – China’s hedge funds, which for years have operated in a legal gray area, are moving into the mainstream as regulators roll out laws and measures to manage the fast-growing industry. The official recognition of this corner of the […]
100 Women in Hedge Funds To Host Galas In Geneva, New York, Hong Kong And Milan
New York (HedgeCo.Net) – 100 Women in Hedge Funds are planning Galas in Geneva, New York, Hong Kong, and Milan to benefit charities in each location focused on women’s and family health. Sponsorships and individual tickets are available.Geneva GalaThursday, November 6thFor the benefit […]
Citi Survey – Hedge Fund And Money Managers In Collateral Optimization
New York (HedgeCo.Net) – A new survey from Citi reports that rapid asset growth is occurring across a set of investment strategies that exist within a “convergence zone” where traditional money managers, hedge funds and even private equity firms are creating […]
A Hedge Fund Manager Vanished After Credit Suisse Accidentally Wired Him $1.5 Million
Business Insider – Last January, Credit Suisse wired $1.5 million to hedge fund manager Joseph B. Galbraith. One month later he disappeared off the map. According to a New York Times report, two weeks after Credit Suisse wired the money in three transactions […]
Two Sigma Raises $3.3 Billion for New Macro Hedge Fund
Bloomberg – Two Sigma, an investment firm that uses computer models to bet on markets, raised $3.3 billion for a macro hedge fund in one the largest new pools of such capital raised since the 2008 financial crisis. Investors sought […]
Tourbillon Hedge Fund Wins Shorting MannKind, GT Advanced Shares
Bloomberg – Tourbillon Capital Partners LP, the hedge fund started last year by Jason Karp, said investments betting against MannKind Corp. (MNKD) and GT Advanced Technologies Inc. (GTATQ) paid off as shorting stocks contributed most to its profits last quarter. […]