Author Archives: Editor
Lampert’s Hedge Fund Loses Participant in Loan to Sears
NYT – A Florida real estate company has declined to participate in a $400 million loan to the hedge fund that runs the Sears Holdings. On Thursday, Fairholme Capital Management, one of Sears’ largest shareholders, said that it was unable […]
A Hedge Fund Manager, Nas, Snoop Dog And Jared Leto Are All Investors In This New Trading App
Business Insider – Howard Lindzon has made a lot of money trading for other people as a hedge fund manager. Now he’s putting nearly $1 million dollars behind Robinhood, an app that lets people trade stocks whenever they want, with […]
HedgeCoVest Demonstrates New Platform At Finovate New York
New York (HedgeCo.Net) – HedgeCo Networks has given a demonstration of HedgeCoVest, their new, real time hedge fund replication platform, at the national Finovate conference on September 23-24, 2014 in New York. HedgeCoVest featured 20 investable hedge fund portfolios at the […]
SEC Charges Two Florida-Based Attorneys for Roles in Offering Fraud by Transfer Agent
The Securities and Exchange Commission today charged two Florida-based attorneys for their roles in an offering fraud conducted by a transfer agent that was the subject of an SEC enforcement action two months ago. The SEC alleges that Jonathan P. […]
HedgeFund People: BTIG Expands With 2 New Hires
New York (HedgeCo.Net) – BTIG LLC, a global financial services firm specializing in institutional trading, investment banking and related brokerage services, is expanding its Futures and Commodities desk with the hires of Eric Silverman and Jordan Lichtenstein. Eric and Jordan […]
Pensions stick with hedge funds despite CalPERS exodus
CNBC – A high-profile hedge fund exodus from a huge pension manager does not appear likely to spark a major movement. Pensions, investment consultants and other money managers at an industry conference this week dismissed the idea that the California […]
Argentina’s Fernandez meets with Soros
HedgeWorld – Argentine President Cristina Fernandez met on Monday [Sept. 22] with Argentina bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country’s latest default. A spokesman for Soros said they […]
Hedge Funds Get Jostled by Inversions’ Jiggles
WSJ – Buying shares of Shire PLC has been one of the most popular hedge-fund bets of the year. It also has been among the most nerve-racking. Hedge funds Paulson & Co., Magnetar Financial LLC and Elliott Management Corp. are […]
Judge refuses to cut New York fund manager’s 40-year Ponzi sentence
Reuters – A federal judge rejected Westgate Capital Management LLC founder James Nicholson’s request to shorten his 40-year prison term for running a $140 million Ponzi scheme at his hedge fund firm, likening it to the much larger fraud run […]
Hedge Funds Circling Venezuela as Yields Top 15%: Andes Credit
NYT – Hedge funds are stepping in to fill a vacuum in Venezuela’s bonds as deepening concern the nation will default triggers an investor exodus. The debt, which suffered the worst selloff in emerging markets as Standard & Poor’s cut […]
Miliband’s war on hedge funds could damage City of London
Telegraph – Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition […]
Hedge Funds Are Still Finding Love, Just Not at Calpers
NYT – I am here to defend the hedge funds, because, well, somebody has to. You could sense the glee in the air last week, when the enormous California state pension plan known as Calpers announced that it would eliminate […]