Author Archives: Editor
Hedge Fund Give $50 Million To Fund Breakout Artists
New York (HedgeCo.Net) – Fortress Credit Corp., an affiliate of $63.8 billion hedge fund manager Fortress Investment Group LLC, has invested $50 million in new capital commitments to independent music publishing company, Spirit Music Group, to pursue its expansion plans. […]
Former Money Manager Charged With Stealing Hedge Fund Fees
New York (HedgeCo.Net) – Former hedge fund manager Sean C. Cooper has been accused of fraudulently taking excess management fees from the accounts of investors, the SEC reports. An investigation found that Cooper improperly withdrew more than $320,000 from a […]
JOBs Act: SEC Warns Hedge Funds Of Misrepresenting Themselves In Advertising
New York (HedgeCo.Net) – The SEC has warned that 13 hedge funds and their advisers have been only reporting favorable information about themselves, leaving out their losing bets in past performance when advertising under the new JOBs Act. “We plotted […]
Hedge Fund Bands To Rock Out For Charity
New York (HedgeCo.Net) – A Leg To Stand On (ALTSO) will hold its third annual Rocktoberfest-Chicago on Wednesday, October 8 at City Winery at 1200 W. Randolph Street in Chicago. Financial industry professionals will perform rock and roll music to […]
Bridgewater’s Dalio Says Hedge Fund Seeks ‘Radical Truth’
Bloomberg – Ray Dalio, who runs the $160 billion Bridgewater Associates LP, said he’s seeking to encourage a culture of “radical truth and radical transparency” by recording everything inside the hedge-fund firm. “I didn’t want to have spin,” Dalio said […]
Hedge fund vet: The bubble is about to bite
Fortune – Julian Robertson, the founder of Tiger Management and one of the most successful hedge funds managers ever, says we’re about to get bit. While Robertson agrees that the economy is recovering, he feels one of the biggest drivers […]
Ex-Deutsche Bank’s Lehr Said to Start New York Hedge Fund
Bloomberg – Hal Lehr, a former Deutsche Bank AG (DBK) and Soros Fund Management LLC trader, received backing from JPMorgan Chase & Co. (JPM)’s asset management unit to start a New York hedge-fund firm, a person with knowledge of the […]
Barclays picks hedge fund platform founder to head wealth unit
Reuters – Barclays has named the founder of a managed account platform for hedge funds as the new boss of its wealth and investment management arm. Barclays said on Monday that Akshaya Bhargava would join as chief executive of wealth […]
Med pot license seekers: ‘Cheech and Chong … to hedge fund guys’
Chicago Sun-Times – Those hoping to cash in on the so-called Green Rush descended en-masse on the Thompson Center Monday, the final day to apply for marijuana dispensary licenses under the state’s medical pot pilot program. Dozens were lined up […]
VerInvest Corporation Launches Secure Accredited Investor Certification Service
VerInvest Corporation (“VerInvest”) today announced the launch of its highly-secure, financial verification clearing service for the alternative investment community. The platform provides its investor-members a confidential means to authenticate their accredited or qualified financial status, and connect with capital-raising companies and alternative investment […]
Financial Elite’s Offspring Start Their Own Hedge Funds
WSJ – The scions of a number of wealthy families, including the sons of prominent Wall Street figures Howard Marks and Ken Moelis, have either recently launched hedge funds or plan to do so soon, according to people familiar with […]
Hedge Fund Founder Says The Arrest Of Systema Boss Is A Warning From Putin
New York (HedgeCo.Net) – Hedge fund founder and critic of corruption in Russia, Bill Browder, has a lot to say about the arrest of one of Russia’s richest men, Vladimir Yevtushenkov, The Guardian reports. “I don’t know if Yevtushenkov did […]