Category Archives: Developing Stories
Analysis of Hedge Fund Influence in New York State Politics
New York (HedgeCo.net) – A new report: Playing the Influence Market has been released by Common Cause/NY, analyzing the impact of the hedge fund industry on political giving in New York State. Common Cause/NY reviewed campaign finance filings from January, 2005-February, 2012 and identified […]
New Congress Act Will Allow Hedge Funds To Advertise Freely
New York (HedgeCo.net) – A new act passed by the Senate and House of Representatives is expected to be signed into law by President Obama within days. The Jumpstart Our Business Startups, known as The Jobs Act, will eliminate a longstanding […]
Asset Alliance Corporation has acquired an equity interest in Monarch Business and Wealth Management
New York (HedgeCo.net) – Asset Alliance Corporation, through its subsidiary, Asset Alliance Wealth Management, has acquired an equity interest in Monarch Business and Wealth Management, LLC. Monarch a financial and life management company founded by Barry Klarberg. Monarch represents professional […]
SS&C Offers To Buy Hedge Fund Administrator for Over $900 Million
New York (HedgeCo.net) – European Tech Company SS&C has made a recommended cash offer for hedge fund administrator GlobeOp. GlobeOp Financial Services (LSE:GO.) is an independent provider of business process outsourcing, financial technology services and analytics to hedge funds and other sectors of […]
Goldman Hedge Fund Adviser Blasts Employer, Resigns
New York (HedgeCo.net) – The market value of Goldman Sachs has dropped over $2 billion overnight, according to reports. 12 year Goldman executive and hedge fund adviser Greg Smith resigned publicly yesterday, causing a flood of opinion and uproar from the financial industry and […]
Hedge Fund Advisory & Accounting Firm Decosimo Ranked Among Global Top 15
New York (HedgeCo.net) – According to the world rankings report recently published by the International Accounting Bulletin, Moore Stephens International Limited (MSIL) is now ranked 12th in the combined list of networks and associations as its fee income increased to […]
FBI Forensic Accountants – Following the Money
New York (HedgeCo.net) – Accountants have been woven into the fabric of the FBI since its creation in the summer of 1908, when a dozen bank examiners were included among the original force of 34 investigators. Today, around 15 percent […]
Hedge Funds Trimmed Wagers Before Prices Rebounded: Commodities
Hedge funds reduced bets on higher commodity prices for the first time in seven weeks after China cut its growth target, just as prices rallied on signs the U.S. economy is improving and Greece is containing its debt crisis. Money […]
Hedge funds cut bullish gas bets most since June
Bloomberg New York: Hedge funds reduced bullish bets on natural gas by the most in eight months as forecasts for warmer-than-usual weather in the eastern US signalled a drop in heating-fuel use with supplies near a seasonal record. Money managers […]
Texas Teacher Pension Buys Bridgewater Stake
New York Times: The Teacher Retirement System of Texas just went from hedge fund investor to hedge fund owner. Last month, the Texas pension took a $250 million stake in Bridgewater Associates, the giant money manager. Now, rather than plowing […]
UBP to Acquire Hedge Fund Manager Nexar Capital Group
New York (HedgeCo.net) – Union Bancaire Privee, UBP SA, one of the leaders in Switzerland’s hedge fund industry, has signed a definitive agreement to acquire Nexar Capital Group, a global alternative investment manager. The combined UBP-Nexar alternative investment group will […]
Hedge Fund Founder Says FCC Ruling On LightsSquared Jeopardizes Private Innovation
New York HedgeCo.net) – On February 14, 2012, the Federal Communications Commission (FCC) moved to bar LightSquared’s planned national broadband network saying it would interfere with current GPS services. “From day one, it has been my vision to build a […]