Category Archives: HedgeCo News
FBI Raids Company With Link To Wolf Of Wall Street’s Danny Porush
New York (HedgeCo.Net) – FBI agents have raided a Florida medical device company run by Daniel M. Porush, who’s character inspired that of Donnie Azoff, in the movie Wolf Of Wall Street. An FBI spokesman said the agency is conducting “law enforcement activity in […]
“Ask Me Anything” Retired Hedge Fund Manager On Reddit
New York (HedgeCo.Net) – Mulling over a Senate bid, billionaire philanthropist and retired hedge fund founder Tom Steyer took to Reddit for a Q&A with the internets. “Question is, can I have more positive influence by running?” Steyer wrote. “I’m […]
Hedge funds end 2014 in positive territory with Asia ex-Japan outperforming regional mandates
New York (HedgeCo.Net) – Hedge funds closed the final month of the year in positive territory with the Eurekahedge Hedge Fund Index up another 0.25% in December while the MSCI World Index finished the month down 0.80%. In 2014 as […]
Rothschild To Strengthen Hedge Fund Asset Management With Two New Hires
New York (HedgeCo.Net) – New York-based hedge fund giant, Rothschild Asset Management, has announced plans to strengthens its alternative investment business through the addition of Shakil Riaz and his long time friend, Anthony Marzigliano, Bloomberg reports. Shakil Riaz is to […]
Hennessee: Hedge Funds Gain +0.04% In December
New York (HedgeCo.Net) – In December, managers went into risk-off mode as the rout in oil prices continued aggressively and signs of further deterioration in global economic growth, according to Charles Gradante, Co-Founder of Hennessee Group LLC. The absence of […]
Former SEC Chief Accountant Rejoins Hedge Fund Marketplace
New York (HedgeCo.Net) – Jaime L. Eichen, former Chief Accountant for the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC), has rejoined EY as a Partner in the Professional Practice Group with a focus on the […]
Manager Daniel Thibeault Faces Civil Charges As Well As Criminal Charges
New York (HedgeCo.Net) – Approximately one month after being arrested for securities fraud and facing criminal charges through the FBI, Daniel Thibeault is now facing civil charges through the Securities and Exchange Commission. Thibeault is accused of taking out approximately […]
Investment Advisors: $5 Trillion In Liquid Assets To Change Hands
New York (HedgeCo.Net) – At least $16 trillion of global ultra high net worth (UHNW) wealth will be transferred to the next generation over the next 30 years, according to the Wealth-X and NFP Family Wealth Transfers Report. This will […]
Bank Of America Dumps Hedge Funds
New York (HedgeCo.Net) -Bank of America’s shares fell 1.5% to $16.43 in trading yesterday after the bank severed ties with approximately 150 hedge funds in its prime brokerage group, The Street reported today. Bloomberg says: “The second-largest U.S. bank made the […]
A Big Week for the Financial Sector- WFC, BAC, C, GS All Report
New York (HedgeCo.Net) – As the earnings season kicks off this week, one sector that will have more than a few important earnings reports is the financial sector. This week alone we will hear from Wells Fargo on Wednesday morning, […]
Elliott Hedge Fund Demand New Audit Of Kabel Deutschland
New York (HedgeCo.Net) – One of Paul Singer’s activist hedge funds, Elliott Associates, L.P., has demanded a new audit of Kabel Deutschland Holding AG, Reuters reports. “The findings of the special auditor’s report contain troubling allegations that pertain to the […]
Oil & Natural Gas Hedge Fund Ends Year On High Note
New York (HedgeCo.Net) – The Caritas Royalty Fund has successfully navigated the turbulent oil & natural gas markets at the end of the year, generating a +30% net return for investors in 2014, the hedge fund reports today. “We divested […]