Category Archives: Press Releases
Falcone Starts Fund as Harbinger Client Money Remains Locked Up
Bloomberg – Philip Falcone, who runs the $7 billion Harbinger Capital Partners LLC, is starting a hedge fund that draws on his background in distressed securities, even as investors are locked into his biggest fund. The Credit Distressed Blue Line […]
Grant Thornton LLP Launches New Hedge Fund Registration and Compliance Services
EatrhTimes – In response to investor demand for greater transparency as well as pending new legislation, Grant Thornton LLP’s Financial Services practice is launching Hedge Fund Internal Control, Governance and Regulatory Compliance Services. These services will help funds attract new […]
Breakingviews.com Europeans Favor Regulating ‘Shadow Banks’
New York Times – Hedge funds and the rest of the so-called shadow banking system are almost certainly going to face more regulation. But governments should not try to supervise them directly; instead, it would be far more productive for […]
Hedge Funds Advance 1.10% in January
New York (HedgeCo.Net ) – After a disappointing 2008, hedge funds seem to be on the up and up, advancing 1.10% in January according to the latest research by the New York-based Hennessee Group. According to the research, convertible arbitrage […]
U.S. accuses three in insider trading scheme
Reuters – A hedge fund manager, a brokerage trader and a financial adviser were charged on Thursday with insider trading in the stock of supermarket chain Albertsons Inc, reaping total profits of about $7.5 million, according to court documents. The […]
New York Exec Nailed for Alleged $400 Million Ponzi Scheme
New York (HedgeCo.Net) – Nicholas Cosmo, head of New York-based Agape World Inc., has been arrested for allegedly running a $400 million Ponzi scheme. His company, which marketed commercial bridge loans, was not registered with the U.S. Securities and Exchange […]
Caledonian Global Fund Services Achieves SAS 70 Certification
GEORGETOWN, GRAND CAYMAN – January 26, 2009 – Caledonian Global Fund Services, a provider of specialized administration services to the alternative investment industry, today announces the completion of its SAS 70 Type I certification. SAS 70, or Statement on Auditing […]
Hedge Funds Care to Host 11th Annual New York Open Your Heart to the Children Benefit
NEW YORK, January 21, 2008 – Hedge Funds Care, a global non-profit organization which raises funds and awareness within the hedge fund industry for programs that work to prevent and treat child abuse, announced today that it will hold its […]
Lawfirm Examines Hedge Fund Misrepresentation for Investors Benefit
West Palm Beach (HedgeCo.net) – Bernstein Liebhard is investigating whether, among other things, these investment funds conducted proper due diligence before investing heavily in Madoff Securities, and whether these funds ignored the warning signs that Madoff was conducting a large-scale fraud. […]
HedgeCo Hosts Blogging Platform, Provides Outlet for Hedge Fund Industry Experts
West Palm Beach, Dec 15, 2008 – Adding to its array of new and interactive features, HedgeCo.Net has unveiled the Hedge Fund blog platform, which provides both accredited investors and the general public the rare opportunity to view the world […]