Category Archives: Developing Stories
Carve: Swedish Hedge Fund Launch From Brummer & Partners
New York (HedgeCo.Net) – A new onshore fund has been launched by Swedish $14 billion hedge fund giant Brummer & Partners, combining equities and credits, according to a statement on their Swedish website. The new fund, Carve, seeks opportunities to earn […]
TELUS Seeks Court Order Against Hedge Fund Mason Capital
New York (HedgeCo.Net) – Canadian telecommunications company TELUS has launched legal proceedings against New York hedge fund Mason Capital. The Canadian company is seeking a court order to invalidate the hedge fund’s attempt to hold a shareholder meeting. The telecommunication company believes that the […]
5 Lawyers Join Maples and Calder’s Offshore Hedge Funds Team
New York (HedgeCo.Net) – Hedge fund law firm Maples and Calder recently has added four new associates to their funds team in the Cayman Islands office and their newest partner to the British Virgin Islands office. Tim Clipstone, Greg Barwick, […]
Barclays Under Fire For Fundraising With Hedge Fund Buddy Romney
New York (HedgeCo.Net) – UK newspaper The Telegraph reports that 11 Members of Parliament have demanded that Barclays Bank stop raising money for former hedge fund manager and Republican presidential hopeful Mitt Romney, and instead work to rebuild the public’s trust […]
Two Dead in Suspect Hedge Fund Disagreement
New York (HedgeCo.Net) – The CEO of private-equity group Basileus Capital has been shot by his former business partner, over a disagreement over the way a hedge fund was being run. Herman Pretorius allegedly shot Julian Williams in his Cape Town office […]
State Street to Become Lead Hedge Fund Administrator Globally With $550M Acquisition Of Goldman Sachs Administration Services
New York (HedgeCo.Net) – Hedge fund administrator, State Street Corporation, has announced that it has agreed to acquire Goldman Sachs Administration Services (GSAS), a $200 billion hedge fund administrator, from The Goldman Sachs Group, Inc. in a cash transaction with a total […]
NY Supreme Court Approves Distribution Of More Than $110 Million To Madoff-related Hedge Fund Victims
New York (HedgeCo.Net) – As the Receiver for Ezra Merkin’s two Madoff-related hedge funds, Gabriel Capital L.P. and Ariel Fund Ltd., hedge fund lawyer Bart M. Schwartz announced today his third round of interim distributions of more than $110 million of cash […]
US Tech Buys UK Hedge Fund Company For $890 Million
New York (HedgeCo.net) – SS&C Technologies Holdings, Inc., today announced the acquisition of hedge fund risk-reporting giant GlobeOp Financial Services S.A. (GlobeOp), for £4.85 ($7.54) per share, approximately £572 million ($890 million). The acquisition is, by value, the largest in […]
KPMG and AxiomSL Form Alliance to Assist Investment Advisers Faced with New Regulatory Requirements Including Form PF
KPMG LLP, the audit, tax and advisory firm, and a leader in the Financial Services sector, has formed an alliance with Axiom Software Laboratories, Inc. (AxiomSL), a leading global provider of regulatory reporting and risk management solutions, to address new […]
Romney Super PAC Backed by Hedge Fund Billionaires
New York (HedgeCo.net) – Forbes reports that at least 30 billionaires, 7.5% of the Forbes 400, have donated to the Mitt Romney-backing super PAC Restore Our Future, among them are some of the top hedge fund managers this year. According to Restore Our […]
Hedge Fund Law Firm Adds 12 Private Equity And Real Estate Specialists
New York (HedgeCo.net) – Hedge fund law firm Schulte Roth & Zabel LLP (“SRZ”), which specializes in regulatory compliance, is undergoing a major expansion of its New York office with the addition of a group of leading private equity and real […]
Hedge Fund Giant Man Names Dr Douglas Greenig New AHL CRO
New York (HedgeCo.net) – Global hedge fund Man Group plc, announced an addition to the management team at AHL, its industry-leading quantitative managed futures manager. Dr. Douglas Greenig will become AHL’s Chief Risk Officer and a member of the AHL Management […]