Category Archives: HedgeCo News
Manhattan Venture Partners Announces Board of Advisors
New York (HedgeCo.Net) – Manhattan Venture Partners, the research-driven merchant bank specializing in the secondary market for late stage private technology companies, today announced the formation of its board of advisors to strategically assist the company as it builds its […]
SS&C Technologies Acquires Hedge Fund Software Firm For $2.7 Billion
New York (HedgeCo.Net) – SS&C Technologies Holdings has acquired hedge fund software provider Advent Software, Inc. SS&C has 40 acquisitions under their belt so far, including GlobeOp in 2012 and DST Global Solutions in 2014. Under the terms of the agreement, […]
Hedge Fund Manager’s Son Indicted For Patricide
New York (HedgeCo.Net) – Thomas Gilbert Jr. has been indicted for killing his 70-year-old father, Gilbert Sr., with a semiautomatic pistol inside his parents’ apartment near the United Nation’s headquarters in New York City last month. Thomas Gilbert Jr was […]
Judge Georgette Mosbacher, CEO and President of Borghese, Inc. to Receive Founder’s Award
New York (HedgeCo.Net) – During the 17th Annual New York Open Your Heart to the Children Benefit, Georgette Mosbacher, CEO & President of Borghese, Inc., will be presented with the Hedge Funds Care/Help For Children (HFC) Founder’s Award. It is […]
Brevan Howard Executive Paul Harris Joins Carne Channel Islands
New York (HedgeCo.Net) – Carne Group has recruited Paul Harris, formerly a Director with Brevan Howard, to join Carne’s Channel Islands office. Paul’s appointment complements Carne’s existing governance capabilities in the Channel Islands, covering private equity, real estate, infrastructure and […]
Hedge Fund Centaur Launches Headquarters In New York
New York (HedgeCo.Net) – Dublin-based Centaur Fund Services is expanding its global presence with the opening of a new office and US Headquarters in New York. The office has been established by recently appointed America Head of Business Development, Bryan […]
Conneticut Hedge Fund Adviser Sentenced To 13 Years Behind Bars
New York (HedgeCp.Net) – Venezuelan-American Francisco “Pancho” Illarramendi has been sentenced in Bridgeport, Conneticut to 156 months of imprisonment, followed by three years of supervised release, ABC reports. Illarramendi was convicted of orchestrating a Ponzi scheme that defrauded investors and […]
BNY Mellon and Deutsche Asset & Wealth Management Tie Up Outsourcing Deal
New York (HedgeCo.Net) – BNY Mellon has signed an agreement with Deutsche Asset & Wealth Management (Deutsche AWM) to provide real estate and infrastructure fund administration services, representing roughly $46.3 billion in assets under administration. Last July, BNY Mellon and Deutsche […]
Connecticut Hedge Fund Controller Admits To Embezzling $9 Million
New York (HedgeCo.Net) – Lawrence Herzing, the the former controller of hedge fund Contrarian Capital Management has pleaded guilty to one count of wire fraud stemming from his theft of more than $9 million from Contrarian, Reuters reports. Contrarian Capital […]
Citi Survey Forecasts 30% Decline in Hedge Fund Industry Profits Due to Poor Performance in 2014
New York (HedgeCo.Net) – Hedge fund industry profits in 2013 reached $31.2 billion but poor performance in 2014 cut that figure by 30% to only $21.9 billion, a loss of nearly $10 billion, Citi estimates in their 3rd Annual Hedge […]