Category Archives: Developing Stories
Trustee Seeks $9 Billion For Defendants In Madoff’s Hedge Fund Scam Case
New York (HedgeCo.net) – A Trustee for the liquidation of Bernard L. Madoff’s Investment Securities, Irving H. Picard, has filed a complaint in NY Bankruptcy Court alleging 24 counts of financial fraud and misconduct against HSBC. “All of the defendants […]
Hedge Fund Short Selling: Bloomberg Television Interview with Paolo Pellegrini
New York (HedgeCo.net) – Bloomberg Television’s Jon Erlichman spoke to Paolo Pellegrini, who formerly worked with hedge fund titan John Paulson. Pelligrini says that bonds are trading at ridiculous levels and talks about what he has been concerned about most […]
Two Hedge Fund Managers Under Investigation In Oregon
New York (HedgeCo.net) – Oregon securities regulators are looking into two Portland hedge funds, Grifphon Asset Management and Sasquatch Capital, after investors reported problems with withdrawls, OregonLive.com reported. The Oregon Division of Finance and Corporate Securities is investigating the two managers, […]
Arrest Made After Hedge Fund Raid
New York (HedgeCo.net) – The SEC has charged an employee of a California research firm with helping a hedge fund get results from a Taiwan telecom company before the revenue was made public, according to the Los Angeles Times. Bloomberg reports that […]
ComplianceAlert: Hedge Fund Advisers
New York (HedgeCo.net) – The SEC has finished voting on key proposals to the Dodd-Frank Act, according to regulatory compliance consulting firm, FrontLine Compliance, LLC. Specific to Title IV of Dodd-Frank, the proposals include mandatory registration of advisers to hedge funds and […]
Hedge Fund Analysts Predict More Raids and Subpoenas
New York (HedgeCo.net) – On Monday, government agents raided three large hedge funds, seizing documents from the offices of Level Global Investors, Diamondback Capital Management, and Loch Capital Management. Former president of the National Association of Criminal Defense Lawyers, Gerald […]
Hedge Fund Raids Causes Over $15 Billion In Losses, Puts Wall Street Back In The Spotlight
New York (HedgeCo.net) – The FBI raided the offices of three hedge funds, Connecticut-based Diamondback Capital Management, Level Global Investors and Boston-based Loch Capital Management. The FBI said the raids took place under executed court-ordered search warrants, according to NPR News. […]
People Moves: Merihan Tadrous Joins Hedge Fund Insparo Asset Management
New York (HedgeCo.net) – Merihan Tadrous has been appointed Operations Analyst at emerging markets hedge fund Insparo Asset Management. She will work closely with COO Jon Laidlow and Finance & Operations Manager James Gore in the day-to-day operations management of […]
Hedge funds to tap into $800 billion life insurance policy portfolios
New York (HedgeCo.net) – Financial services firm, Absolute Life Solutions, Inc., is pursuing a diversified portfolio of insurance policy assets via acquisition of individual policies and discounted bundles of policy portfolios. “Hedge funds and other private equity investors who amassed portfolios of […]
Hedge Fund Mergers & Acquisitions: Englander Alaris Prime Services
New York (HedgeCo.net) – Israel A. Englander & Co., has acquired hedge fund services company, Alaris Trading Partners LLC (pending FINRA approval). The members of both firms have signed definitive agreements creating the new entity Englander Alaris Prime Services, a […]
Hedge Fund Association Opposed to Self-Regulatory Organization
New York (HedgeCo.net) – The Hedge Fund Association (HFA) today announced its opposition to the creation of any hedge fund self-regulatory organization. The feasibility and benefits of creating such an organization are currently under investigation by the Government Accountability Office […]
Man Acquisition of Hedge Fund GLG Showing Over $15 Billion New AUM
New York (HedgeCo.net) – Alternative investment management company Man Group has said that the integration with newly bought hedge fund GLG has advanced well, with marketing campaigns under way. The first product to blend Man flagship fund AHL and GLG […]