Category Archives: HedgeCo News
Hedge Fund Manager Gets 21 Years For Black Diamond Fraud, 10 Conspirators Get Jail Time
New York (HedgeCo.Net) – Ohio-based hedge fund manager Jonathan D. Davey has been sentenced to 21 years in prison for his role in Ponzi scheme that defrauded victims of more than $40 million, the FBI reports. All federal sentences are […]
AIMA: Helping Trustees Navigate The Hedge Fund Sector
New York – (HedgeCo.Net) – The Alternative Investment Management Association (AIMA), the global hedge fund association, and the CAIA Association, the global leader in alternative investment education, have jointly published the first of a series of educational papers about hedge […]
Total Assets In Investment Alternative Approaches $7 Trillion
New York (HedgeCo.Net) According to Preqin’s 2015 Global Alternatives Report, the global alternative assets industry is closing in on $7 Trillion in total assets. This total includes hedge funds, private equity, private debt, real estate and infrastructure funds, but it […]
Earnings Season Producing Mixed Results So Far
New York (HedgeCo.Net) Through the first two weeks of earnings season, the results are somewhat mixed with a high number of companies beating expectations, but the growth rates on both earnings and revenue are running lower than recent quarters. So […]
Ohio Hedge Fund Manager Accused of Defrauding Investors of $5.5 Million
New York (HedgeCo.Net) – An eight-count federal indictment has been returned charging Geoffrey W. Nehrenz for his role operating a hedge fund Ponzi scheme in which 19 investors were defrauded out of approximately $5.5 million, law enforcement officials said. Between […]
Study: ETF Assets To Exceed $5 Trillion By 2020
New York (HedgeCo.Net) – Professionally managed financial investments globally are predicted to grow at 6 percent annually to reach $100 trillion by 2020, according to a new report by PwC. ETFs will pay a prominent role in this growth, as […]
Weavering Hedge Fund Boss Gets 13 Years In Jail
New York (HedgeCo.Net) – After a long and drawn out trial regarding the collapse of the UK’s largest hedge fund, Weavering, which went down in 2009 with more than $530m of losses, founder Magnus Peterson has been sentenced to 13 years […]
Standard & Poor’s To Pay $77 Million For Ratings Violations
New York (HedgeCo.Net) – Standard & Poor’s has agreed to pay more than $58 million to settle SEC charges rising from a series of federal securities law violations by Standard & Poor’s Ratings Services involving fraudulent misconduct in its ratings […]
SEC Charges Investment Adviser and Manager in South Florida-Based Fraud
New York (Hedgeco.Net) – The Securities and Exchange Commission has announced fraud charges and an asset freeze against a Fort Lauderdale, Florida-based investment advisory firm, its manager, and three related funds in a scheme that raised more than $17 million […]
Hedge Fund People: Norm Champ To Leave SEC
New York (HedgeCo.Net) – The SEC director that oversaw the adoption of the Volcker Rule, will be leaving the commission after a 5 year run, the SEC announced. Norm Champ, Director of the Division of Investment Management, played a key role […]