Category Archives: Developing Stories
Charges Allege $311 Million Global Hedge Fund Fraud Scheme
New York (HedgeCo.Net) – An indictment was filed and an information unsealed today charging two business associates in the hedge fund management industry with defrauding institutional investors and causing collective losses of more than $311 million, announced United States Attorney […]
Hedge Fund Launch: Neuberger Berman Introduces Dynamic Real Return Fund
New York (HedgeCo.Net) – Global employee-controlled money manager, Neuberger Berman Group LLC, has launched a multi-asset class fund to hedge against inflation. The Neuberger Berman Dynamic Real Return Fund leverages portfolio management capabilities across the firm, with investments in inflation sensitive […]
Year End Tax Update: Important Tax Issues to Consider
With President Obama re-elected, now is the time for hedge fund managers to consider some important tax issues and potential law changes. The possible expiration of Bush-era tax cuts, enactment of several new provisions, and not much time left in […]
Hedge Fund Owned Hostess To Liquidate
New York (HedgeCo.Net) – Hedge fund owned Hostess, which has struggled in recent years with two bankruptcy filings, is shutting down, gone will be Twinkies and Wonderbread. Hostess is currently owned by hedge funds Silver Point Capital and Monarch Alternative Capital. […]
Hedge Fund Giant Man Down 10%
Tough performance environment persists • Funds under management down 10% to $52.7 billion • Adjusted PBT of $121 million (H1 2011: $231 million) • Statutory loss before tax of $164 million (H1 2011: profit of $70 million) • $233 million […]
AIMA Launches Middle East Hedge Fund Initiative
New York (HedgeCo.Net) – The global hedge fund association (AIMA) is building a network in the Middle East in the hopes of giving the local industry a voice in engaging with investors, policymakers and regulators. The initiative will be spearheaded […]
Teen Fashion Retailer Wet Seal Acts like a Teenager in Response to Clinton Partners acting like a Hedge Fund
New York (HedgeCo.Net) – You would think that a teen-focused retailer that has Carly Rae Jepson as a “spokesmodel” is used to dealing with drama. This week, South Florida based retailer, Wet Seal, focused their teenage angst onto hedge fund Clinton Partners. The kerfuffle began when […]
Four Top Hedge Fund Managers Join AIMA Board Of Directors, Six To Retire
New York (HedgeCo.Net) – Former SEC commissioner Kathleen Casey was appointed the new Chairman of the hedge fund industry association (AIMA) last week. Joining her on the Council is Olwyn Alexander, Partner, PwC; Mark O’Sullivan, Partner, Ernst & Young LLP; […]
SF Hedge Fund Manager To Build $490 Million Sports Arena In Seattle
New York (HedgeCo.Net) – San Francisco hedge fund manager Chris Hansen is planning a $490 million basketball and hockey arena, pledging $290 million of his private money to the Seattle project, local papers report. Seattle City Council members voted 6-2 on Monday, approving the project after a […]
Cayman Side Letters in the Spotlight
New York (HedgeCo.Net) – Guest post by Tony Heaver-Wren, Counsel at Appleby (Cayman) Ltd – Side letters have become a common feature in the landscape of hedge fund investment but with them has come considerable debate and uncertainty about their practical […]
Mitt Romney’s Hedge Fund host Marc Leder part of investigation in Tax Abuse probe
New York (HedgeCo.Net) South Florida gossip columnist Jose Lambiet was the first to connect the dots between the host of Mitt Romney’s now infamous $50,000-a-plate dinner party in Boca Raton and an ongoing investigation being conducted by New York attorney […]
UPDATE: Telus vs. Hedge Fund
New York (HedgeCo.Net) – The New York-based hedge fund Mason Capital remains firm with it’s plan to appeal a court decision blocking it from holding a shareholders meeting. “While we are disappointed by the court’s decision, on a review of the […]