Tag Archives: accredited-investors

UK Fraud Office Investigates London Hedge Fund – Oil Sales Contracts

New York (HedgeCo.net) – London-based hedge fund, Dynamic Decisions Capital Management, which operated the Cayman Islands-based Growth Premium Master fund is being investigated by the Serious Fraud Office (SFO). The hedge fund collapsed in April this year when investors applied […]

Northern Trust Named Best Overall Hedge Fund Administrator

New York (HedgeCo.net) – Northern Trust has been named the Best Overall Hedge Fund Administrator by HFMWeek in the magazine’s inaugural U.S. Service Provider Awards. The awards recognize companies that have outperformed their peers during 2008-2009 and demonstrated financial progress, […]

Cioffi Told Investors Only ‘Couple Million’ Redemptions on Call

Bloomberg – Bear Stearns Cos. hedge fund manager Ralph Cioffi told investors in April 2007 that there had been a “couple of million” dollars in redemptions, days after being told an investor asked to withdraw $57 million. Evan Kerr, a […]

Hedge Fund Shareholder Appointed To Legg Mason’s Board Of Directors

New York (HedgeCo.net) – $703 billion global asset management firm, Legg Mason, announced today that an outstanding shareholder, hedge fund manager Nelson Peltz, will be elected to the Company’s Board of Directors, Peltz is Chief Executive Officer and a founding […]

Rajaratnam Out On Bail, Winds Down Hedge Funds In Letter to Clients

New York (HedgeCo.net) – In a letter first made public by Reuters today to Galleon employees and clients, Raj Rajaratnam, who has been released on bail, said “I have decided that it is now in the best interest of our […]

Speculation Over Hedge Fund Manager’s Downfall In Full Swing

New York (HedgeCo.net) The Galleon scandal is raging full force, with Raj Rajaratnam’s global hedge funds under a microscope. Supervising the case is U.S. District Court Judge Jed S. Rakoff, who’s ruling on the Merrill Lynch/BofA case, earned him the […]

Global Custodian Chosen For Capula Hedge Fund

New York (HedgeCo.net) – London-based government fixed-income specialist firm, Capula Investment Management LLP, has appointed BNY Mellon as provider of global hedge fund custody services for their flagship hedge fund, the Capula Global Relative Value Master Fund Limited. “We selected […]

RBC Hedge 250 Index returned 2.20% in September 2009

New York  (HedgeCo.net) – RBC Capital Markets reported today that the RBC Hedge 250 Index(R) had a net return of 2.20% for the month of September 2009. This brings the year-to-date return of the Index to 17.44%. These returns are […]

UK Hedge Fund Manager Sought

New York  (HedgeCo.net) – The London Metropolitan police are considering launching an investigation into the whereabouts of Nicholas Levene, who is being accused by investors of disappearing with their money. The Guardian reports that at least £70 million ($114 million) […]

Hedge Fund Manager’s Email Scrutinised For Knowledge of Downturn

New York (HedgeCo.net) – The jury selection has begun for the trial of two former Bear Stearns hedge fund managers, Matthew Tannin and Ralph Cioffi,  over the alleged hedge fund securities and wire fraud. Although the prosecution alleges that the […]

Hedge Funds Up In September Despite 3Q Risks

New York (HedgeCo.net) – Despite rich equity market multiples and uncertainty surrounding the upcoming 3rd quarter earnings reports, Hennessee Group said that hedge fund investors continued to pile into stocks due to an uptick in merger activity during September. The […]

Charles Schwab and Hedge Fund Founder Ken Fisher Recipients of Tiburon’s Inaugural CEO Summit Awards

New York (HedgeCo.net) – Ken Fisher, Founder and CEO of Fisher Investments will be honored along with Charles Schwab as recipients of Tiburon’s Inaugural CEO Summit Awards, recognizing their contributions to “Focusing on Customer Needs” and “Challenging Conventional Wisdom.” “Never […]