Author Archives: Editor
Broadridge And BI-SAM To Launch Hedge Fund Solution Platform
New York (HedgeCo.Net) -Broadridge Financial Solutions, Inc. and BI-SAM, are launching of Broadridge Investment Management Solutions (IMS) Performance Reporting, an integrated suite that includes order management, portfolio management, risk reporting and a data warehouse; in essence a complete, integrated and […]
Corn appeal ends hedge fund’s bearish spree on ags
AgriMoney – Hedge funds took a break from extending bearish bets on farm commodities for the first time since June, reflecting improved sentiment on soft commodities and livestock – but also on corn, which they appear to be spreading against […]
Walgreen adds activist hedge fund founder to board
Seattle PI – Walgreen has named Jana Partners founder Barry Rosenstein to its board, and the activist investor will get a say in choosing at least one additional director for the nation’s largest drugstore chain. Walgreen Co. is feeling shareholder […]
Hedge Fund Profit on Brocade Deal Spurs Insider Trial
Bloomberg – A former Foundry Networks Inc. executive is set to face a federal jury over accusations that he passed inside information about the company’s $3 billion acquisition by Brocade Communications Systems Inc. (BRCD) that helped California hedge funds make […]
Retail hedge funds to raise $49 bln in next 12 months -survey
Reuters – Investors are expected to pump $49 billion into funds that mimic hedge fund strategies over the next year, to make so-called “liquid alternatives” the fastest growing part of the asset management industry, a survey said. That would mark […]
Fortress Main Hedge Fund Said to Fall 2.3% in Last Month
Bloomberg – Fortress Investment Group LLC (FIG)’s main macro hedge fund lost 2.3 percent last month as its wagers on the economy faltered, according to a person familiar with the matter. The August decline brings losses this year in Fortress […]
Hedge Fund Blames High-Frequency Trading for Shutdown
WSJ – A hedge-fund manager says an unusual culprit contributed to his firm’s demise: high-frequency traders. Rinehart Capital Partners LLC, which had been backed by hedge-fund veteran Lee Ainslie and specialized in emerging-markets stock-picking, is closing, according to a letter […]
Three Hedge Fund Managers In Jail Over $40 Million ‘Black Diamond’ Ponzi Scheme
New York (HedgeCo.Net) Three hedge fund managers have been sentenced in connection with a $40 million investment fraud conspiracy, Jeffrey M. Toft, 51, of Sioux Fall, S.D., was sentenced to 66 months in prison followed by two years of supervised […]
Hedge Fund Blames HFT For Demise; ETFs To Play The ECB’s Rate Cut
Barron’s – Hedge fund Rinehart Capital Partners is blaming its demise on high-frequency traders. Rob Copeland, The Wall Street Journal. David Tepper, founder of the Appaloosa Mangement hedge fund, thinks the bond rally is coming to an end with the […]
For Hedge Fund Whistleblower, Waiting Was the Hardest Part
WSJ – When Frank Harrison decided in 2009 to go to the Federal Bureau of Investigation with allegations of fraud at hedge fund New Stream Capital LLC, he wasn’t prepared for one of the most nerve-wrecking aspects of being an […]
Your hedge fund landlord isn’t all that bad
Fortune – There’s nothing inherently wrong with investor-backed rental housing, despite what The New York Times and others suggest. Aside from Congress, perhaps, it’s hard to think of a group of people that Americans dislike more than financiers and landlords. […]
Hedge-Fund Liquidators Sell Manager’s House
WSJ – Liquidators of the collapsed hedge fund Weavering Capital have sold a house belonging to its manager Magnus Peterson for close to £1 million ($1.64 million), a small step in their efforts to recoup $450 million in damages that […]