Category Archives: Technology

ESPN to begin layoffs early next week as part of Disney cost cuts, sources say

(CNBC) ESPN will begin layoffs early next week as part of parent company Disney’s cost cutting efforts, according to people familiar with the matter. Cuts will include some on-air talent and management, said the people, who asked not to be […]

Manager Profile and Insights: Steven Fauer, Pinnacle Capital Management

New York (HedgeCo.Net) Pinnacle Capital Management (PCM) was founded in 2006 and is an investment-management firm catering to individual and institutional investors. Headquartered in Fayetteville, New York, PCM is registered with the US Securities & Exchange Commission. In 2012, PCM […]

HedgeCoVest Wins National Fintech Awards

New York (HedgeCo.Net) HedgeCoVest, the only real-time hedge fund investment platform for retail investors, has swept the board at this year’s Benzinga Fintech Awards. Over 160 applicants from across the nation entered the competition to recognize the most impressive new […]

Hedge Fund Trends: Mobile Commerce Retailing

New York (Hedgeco.Net) – Michael Zimmerman’s hedge fund Prentice Capital says that according to new December 2013 data, one-third of online shoppers now only use their mobile devices when shopping. Zimmerman, who has long held the view that retailers need […]

Former Dendreon CEO and Dendreon Bull Start New Biotech Hedge Fund

Xconomy – Mitch Gold made a lot of money as the CEO of Dendreon, the Seattle-based cancer drug developer. David Miller made his reputation as an investment analyst with in-depth, bullish reports on the company. Now these two are going […]

Hedge Fund Man, Nomura Launch Computer Driven Fund

New York (HedgeCo.Net) – Hedge fund manager Man Group has teamed up with investment bank Nomura to launch a computer-driven fund, The Nomura Man Systematic Fixed Income fund. The fund uses algorithms from Man’s $16.7 billion flagship fund AHL, it will trade […]

Nasdaq Glitch Causes Losses At Hedge Fund Market-Making Arm

New York ( – A technical glitch botching Facebook Inc.’s initial public offering on the Nasdaq stock exchange, has caused Citadel Securities’ market-making business to lose around $30 million, according to Reuters. Luckily, Citadel’s hedge fund was not affected, the losses came […]

Hedge Fund Tech: AIRAS And The SEC’s New API

New York ( – Axiom Valuation has released a new platform for hedge funds to avoid the SEC’s new screening tool, Aberrational Performance Inquiry (API), which identifies possible fraudulent valuations and misreported returns by hedge fund managers reporting above benchmark […]

New Yorker Profiles Hedge Fund Tech Maestro Peter Thiel

New York ( – In the upcoming issue of The New Yorker, writer George Packer profiles hedge fund and venture-capital entrepreneur Peter Thiel. The article “No Death, No Taxes” comes out on November 28th. His venture-capital firm, Founders Fund, has an […]

Citi Launches Hedge Fund 3.0

New York ( – Citi’s Hedge Fund 1.0, saw the hedge fund industry as a niche business, with funds typically relying upon a single prime broker to support trading and reporting. In Hedge Fund 2.0, the next evolutionary phase, funds […]

Survey: Hedge Funds Spend $2 Billion On IT

New York ( – Citi Prime Finance has released the new survey results on how much hedge funds’ are spending on IT.  The survey documents for the first time both the industry’s aggregate expenditure on IT and the average expenditure […]

Hedge Fund Wireless Internet Meets Industry Resistance

New York ( – Hedge fund manager Philip Falcone’s new satellite internet venture, LightSquared, is seeing resistance from the European Space Agency. The hedge funded project last month outlined a solution to the problem of interference with US GPS receivers, […]