Tag Archives: assets-under-management
Hedge Fund Manager Released to Parents Custody
West Palm Beach (HedgeCo.net) – The Connecticut-based hedge fund manager who had his assets frozen by the SEC last month, Francesco Rusciano, was released to the custody of his parents on a $500,000 bond after a federal court hearing. According […]
Multi-Million Dollar Hedge Fund Fraud in Connecticut
West Palm Beach (HedgeCo.net) – The SEC has frozen the assets of a Connecticut-based hedge fund manager, alleging that he forged documents, promised false returns, and misrepresented assets managed by the funds to illicitly raise more than $30 million from […]
Alpha Magazine Announces 2009 Hedge Fund 100
West Palm Beach (HedgeCo.net) – "Alpha" released the results of the 2009 Hedge Fund 100, the magazine’s eighth annual ranking of the world’s biggest single-manager hedge fund firms. Although most hedge fund managers in 2008 couldn’t escape the carnage from […]
Into the fire – MM Capital launched fund into the financial crisis and returned +35.58% in 2008 raising assets to $50m
Opalesque – Launching in July 2007 with internal funds and the strength of a single seed donor New York-based MM Capital waded directly into the oncoming financial crisis with $6m in assets under management. In the midst of historic industry […]
Ponzi Funds Said Missing
Wall Street Journal – Prosecutors said $160 million is unaccounted for in a Ponzi scheme allegedly run by hedge-fund manager James Nicholson. At a bail hearing Thursday, Assistant U.S. Attorney Maria E. Douvas said the government’s investigation showed that $293 […]
Man Group to Cut Jobs as Profit Falls, Assets Drop
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, said it will cut its workforce by about 15 percent after fiscal year profit dropped and assets under management declined by a third. Assets fell to $48 billion in the […]
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 […]
Independent Fund Administration Service Expanded to the U.S.
New York – Trident Trust is expanding its fund administration service to the U.S. to cater to domestic hedge and private equity funds. The new U.S. office offers clients access to Trident Trust’s three decades of experience providing independent corporate, […]
High-flying fundraisers who saw nothing wrong
Guardian Unlimited – Andres Piedrahita, a London-based fundraiser for Bernie Madoff’s fraudulent empire, is among high society figures facing increasing pressure to explain how they missed warning signs around the disgraced hedge fund manager. Piedrahita, who has homes in Belgravia, […]
UK Pension Fund Takes a Chance on Hedge Funds
New York (HedgeCo.Net) – Although confidence in the hedge fund industry has taken a hit, a large and notable UK pension fund has begun to place their trust into alternative investments. The West Midlands Local Authority Pension Fund, which manages […]
