Category Archives: Developing Stories
SEC Says Illinois Hedge Fund Manager Hid Major Losses During Financial Crisis
New York (HedgeCo.Net) – In suits filed in Illinois, the SEC and the Commodity Futures Trading Commission took emergency enforcement action against hedge fund manager Nikolai Battoo for allegedly exaggerating the value of the assets he managed and concealing major losses from investors during […]
Hedge Fund Giant Man Group AUM Down 10% H1 2012
New York (HedgeCo.Net) – One of the worlds biggest hedge funds, Man Group PLC., reported losses of %10 for the first half of 2012 (H1), lowering funds under management $52.7 billion. Gross revenues were reported at $666 million. Other H1 […]
Al Gore’s Generation Becomes Largest Hedge Fund Holder Of Jones Lang LaSalle Stock
New York (HedgeCo.Net) – Hedge fund Generation Investment Management, which was founded in 2004 by former Vice-President Al Gore and David Blood, has increased its stake in $3.2 billion market cap manager of real estate and investments, Jones Lang LaSalle Incorporated, to 2.3 […]
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 […]