Category Archives: Developing Stories
Hedge Funds and Social Media
New York (HedgeCo.net) – According to an annual survey conducted by BNY Mellon, Global Trends in Investor Relations, publicly traded companies are managing their IR practices – from guidance and disclosure policies to sell-side approaches and growing interest in social media […]
Hedge Fund Apps: Merlin Compass iPad Application
New York (HedgeCo.net) – Merlin Securities, a leading prime brokerage services and technology provider, today announced the release of the Merlin Compass iPad application. Merlin Compass for iPad is a real-time analytics platform that provides portfolio managers with intraday performance, […]
Hedge Fund Managers Sued By SEC In Side Pocket Case
New York (HedgeCo.net) – The SEC has sued two Georgia hedge fund managers, Bloomberg reports, alleging that Paul Mannion and Andrew Reckles overvalued their illiquid assets, hiding losses while collecting fees. The SEC claims Mannion and Reckles stole up to […]
Two Florida Hedge Fund Managers Accused In Petters Scheme
New York (HedgeCo.net) – The SEC has charged two Florida-based hedge fund managers and their funds with defrauding investors out of more than a billion dollars into a Ponzi scheme run by Tom Petters, Reuters reports. The SEC’s complaint filed […]
50 Cent Gets $200 Million From Hedge Fund Film Partners
New York (HedgeCo.net) – George Furla’s Hedge Fund Film Partners has invested $200 million in actor/rapper 50 Cent’s film company Cheetah Vision, according to Variety magazine. “The thing about 50 Cent is that, just like in his music career, he […]
Eurekahedge: Hedge funds deliver best returns in 16 months
New York (HedgeCo.net) – The Eurekahedge Hedge Fund Index advanced to a healthy 5.15% year-to-date return, after witnessing its best September on record. The MSCI World Index also posted strong gains of 6.75% for the month. Hedge funds were positive […]
UBS Awards $116 Million To Standard Life Investments Hedge Fund Portfolio
New York (HedgeHo.net) – Standard Life Investments has been selected by UBS PACE Select Advisors Trust to manage a 25% (approximately $116.5m) component of its UBS PACE Alternative Strategies Investments. In managing its portion of the hedge fund, Standard Life Investments […]
People Moves: Hedge Fund BTIG Expands London Team
New York (HedgeCo.net) – Hedge fund broker dealer BTIG Ltd., announced the expansion of its London-based team with the addition of four new sales and trading professionals: David Abraham, Andrew Rosen, Julie Beecher and Adam Bergenfield. They join a team of […]
Update: Hedge Fund Bankruptcy Trustee Sues Investment Firms
New York (HedgeCo.net) – The trustee for failed hedge fund Petters Group, Douglas Kelley, has sued the Epsilon-Westford funds founded by Steve Stevanovic, according to Bloomberg. The bankruptcy trustee is seeking to recoup over $3.2 billion to cover the company’s debt, Bloomberg said, “Seventeen funds affiliated with […]
Wiretap Evidence Challenged In Galleon Hedge Fund Case
New York (HedgeCo.net) – Hedge fund founder Raj Rajaratnam is again seeking to throw out the evidence gained by the prosecution’s wiretapping last year. “In applying for wiretap permission in March 2008, an FBI agent failed to tell a judge […]
Hedge Fund Mergers and Acquisitions: PGI Agrees to be Acquired by Blackstone
Polymer Group, Inc., today announced it has entered into a definitive agreement to be acquired by an affiliate of Blackstone Capital Partners V L.P. This transaction is the result of the strategic review process initiated by PGI on April 7, […]
Another Goldman vs. Hedge Fund Lawsuit
New York (HedgeCo.net) – Hedge fund Dodona I LLC., has filed a class action suit against Goldman Sachs and seeks damages. The hedge fund is said to have invested four million dollars in securitized mortgage loans (CDO) under the name Hudson Mezzanine, […]