Category Archives: Developing Stories
Koch Industries Sued For $21.5 Million In Madoff Hedge Fund Fraud Case
New York (HedgeCo.net) – Koch Industries is being sued in relation to the biggest Ponzi scheme in U.S. history. The hedge fund fraud that Bernie Madoff pulled off received money from a Koch feeder fund, according to Irving Picard, the Trustee for the liquidation of […]
Hedge Fund Manager Accused Of Obtaining Insider Information From Google
New York (Hedge Co.net) – Hedge fund manager Douglas Whitman and his California-based firm have been charged by the SEC with illegally profiting from insider tips on Google and Polycom, making $980,000 in the process. The SEC alleges in a complaint dated February 10, […]
Man Group Commits To Responsible Investing, Encourages Hedge Funds To Do The Same
New York (HedgeCo.net) – Hedge fund gian Man Group plc announced today that it has signed the United Nations-backed Principles for Responsible Investment (PRI). “This step is a signal of Man’s continued commitment to responsible investing.” Peter Clarke, Chief Executive […]
Cayman Hedge Fund Launches New York Office
New York (HedgeCo.net) – Cayman Island based hedge fund Trinity Fund Administration (Cayman) Ltd. is expanding its global network with the opening of a new office in New York City. “North America is a key market for us, and we […]
Oklahoma Hedge Fund Changes Name to Covenant Global Investors, AUM Grows to $320 Million
New York (HedgeCo.net) – Covenant Financial Services, LLC., the management company for the Covenant family of target-return, global macro hedge funds and separately managed accounts, has changed its trade name to “Covenant Global Investors.” The change was made to better […]
Women in Alternative Investments: Hedge Fund Outlook and Trends
New York (HedgeCo.net) – Rothstein Kass has released “Women in Alternative Investments – Industry Outlook and Trends,” a new report focused on trends impacting core business functions at alternative investment firms. The research features the investment and operational insights gained through […]
Emerging hedge fund performance questioned
Emerging-hedge-fund managers are getting more attention from institutional investors because they tend to produce better returns than larger, more established funds, but industry insiders disagree about the extent of the outperformance. Hedge fund investment consultants and early-stage fund-of-hedge-funds managers are […]
Funds boost commodity wagers on improving outlook
Hedge funds boosted wagers on higher commodity prices for the first time in three weeks as the outlook for the U.S. economy improved. Money managers increased combined bullish positions across 18 U.S. futures and options by 0.7 percent to 566,494 […]
Hedge Funds Reverse as Iran Drives Oil to $100
(Bloomberg) — Hedge funds retreated from bearish oil bets as rising tension with Iran, OPEC’s second-largest producer, pushed crude to more than $100 a barrel. The funds and other large speculators increased wagers on rising prices by 2.6 percent in […]
Hedge Fund People: Clinton to Advise Declan Kelly At Teneo Capital
New York (HedgeCo.net) – Former President Bill Clinton is reportedly teaming up with two of his former aides, Declan Kelly and Douglas Band, starting a private equity fund and global hedge fund consulting company. Also said to be involved is former British […]
SYZ Asset Management Collaborates With UBS For New Hedge Fund Project
New York (HedgeCo.net) – SYZ & CO affiliate, SYZ Asset Management, is supplementing its alternative management offering with a managed accounts platform (segregated funds), which is now available in addition to its existing tailored alternative mandates and funds of hedge […]
Hedge Fund People Moves: Man Appoints Yifei Li as Country Chair, China
New York (HedgeCo.net) – Hedge fund giant Man Group plc is establishing its presence in China with the appointment of Yifei Li as Country Chair, China. Li has 18 years of senior management experience, having successfully led the expansion of several […]