Category Archives: Developing Stories
Film: Al Pacino To Play Hedge Fund Magnate In Arbitrage
New York (HedgeCo.net) – Former ‘Godfather’ actor Al Pacino has been cast in the role of a big time hedge fund manager in the new financial thriller Arbitrage opposite Susan Sarandon. Pacino plays hedge fund magnate under investigation who is desperate to […]
2010 Lipper Hedge Fund Awards
New York (HedgeCo.net) – Thomson Reuters announced the winners of the 2010 Lipper Hedge Fund Awards, recognizing the hedge funds and funds of hedge funds that have returned exceptional and consistent performances relative to their peers. The top 5 in […]
Soros Donates $1 Million to Help Legalize Marijuana
New York (HedgeCo.net) – Hedge fund maven George Soros, of Soros Fund Management, has given $1 million to California’s campaign to legalize marijuana, the Guardian reports. “I don’t believe in standing in the way of an avalanche,” Soros told the […]
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 […]