Author Archives: Editor
Hedge fund boss faces paying £19MILLION legal bill after losing High Court battle over firm he founded with estranged wife
Daily Mail – A hedge fund boss is facing a legal bill of up to £19million – thought to be one of the largest of its kind – after losing a fierce High Court battle against his estranged wife. Dr […]
Hedge Fund BlackRock Reports That Insurers Are Moving Towards Private Assets
New York (HedgeCo.Net) – New research from hedge fund giant BlackRock shows that even in the wake of the CALpers exit from hedge funds, insurance firms are making a move toward private market assets to diversify against the risks that […]
Two Florida Men Charged With Looting Their Own Hedge Fund
New York (HedgeCo.Net) – Robert Buckhannon and Terry Rawstern have been arrested by the FBI for attempting to steal from the 2 Florida hedge funds they ran, NBC reports. They could each spend up to 30 years in jail if […]
Activist investor Stilwell sues SEC to stop enforcement case
Reuters – The activist hedge fund manager Joseph Stilwell sued the U.S. Securities and Exchange Commission to stop it from pursuing an imminent enforcement action against him. He also wants a declaration that the appointment of SEC administrative law judges […]
Hedge Funds Listen In on Patient Chats for Pharma Bets
Bloomberg – On the Internet, people talk about everything, even their illnesses. Now, Wall Street is listening. In the data age, a handful of companies are packaging conversations on Facebook, Twitter and online patient forums to sell to drugmakers, insurers […]
Hedge Funds Hit With Right Hook on Fannie-Freddie Ruling
BusinessWeek – The collapse of securities tied to Fannie Mae (FNMA:US) and Freddie Mac punished some of Wall Street’s best known money managers, with star investor Bruce Berkowitz’s main mutual fund losing more than $600 million. The value of the […]
Goldman’s Petershill II fund takes stake in hedge fund Caxton
Reuters – Goldman Sachs Group Inc has bought a 10 percent stake in hedge fund Caxton Associates, its third investment for its recently launched Petershill II fund, two sources familiar with the move said on Wednesday. Caxton, founded 31 years […]
Complex and expensive they may be, but hedge funds can benefit us all
Telegraph – Pity those poor, multi-millionaire hedge fund managers – the world’s really got it in for them right now. Earlier this month, two highly influential institutional investors on either side of the Atlantic – Calpers in the US and […]
Hedge Fund Association Appoints Robert Kim and Raymond Kang as Korea Chapter Regional Co-Directors
The Hedge Fund Association (“HFA”), a leading global nonprofit trade and nonpartisan lobbying organization, announced today two new leadership appointments focused on the expanding hedge fund community and institutional investor demand in Korea, demonstrating HFA’s enduring commitment to growth and […]
Goldman Sachs Launches A Retail Hedge Fund
New York (HedgeCo.Net) – Goldman Sachs has said that it is launching the Goldman Sachs Long Short Fund (GSAM), a hedge fund strategy that is structured under a regular mutual fund, 24/7 Wall St. reports today. The hedge fund is […]
Two Charged With Insider Trading On Hedge Fund’s Herbalife Strategy
New York (HedgeCo.Net) – The Securities and Exchange Commission yesterday charged Filip Szymik and Jordan Peixoto for insider trading when they heard hedge fund manager William Ackman and his hedge fund hedge fund, Pershing Square Management, had taken a […]
Hedge funds hold fire on Tesco, eye rebound potential
Reuters – Some hedge funds are holding fire on Tesco in the wake of its accounting scandal and share price slide, with at least one fund cutting its short position as investors assess the potential for a rebound. Although bearish […]