Tag Archives: hedge-fund-managers

UPDATE: New Hedge Fund To Benefit From Offshore Tax Changes

New York (HedgeCo.net) – Two UK hedge fund managers have timed the launch of their new hedge fund so that investors subscribing before 1 December will see their returns subject to Capital Gains Tax rather than income tax ahead of […]

Pucci, Credaris Veteran, Starts $100 Million Credit Hedge Fund

Bloomberg – Gennaro Pucci, formerly head of trading at credit manager Credaris, has started a $100 million hedge fund that will trade mostly European corporate debt, credit derivatives and asset-backed securities. Christian Evans and Rachel Barnard, both formerly at UBS […]

Touradji Beaten by Commodity Indexes; Funds Lose Edge

Bloomberg – Hedge fund managers are trailing benchmark commodity indexes by the widest margin in four years after copper doubled and oil surged 58 percent. Touradji Capital Management LP, the second-biggest in commodities, earned 7 percent in its largest fund […]

Meltdown 101: How does a hedge fund work?

AP – The arrest of a billionaire in an insider trading case last week drew new attention to hedge funds — investment firms that, for many, evoke an exclusive world where the super rich use exotic investing techniques to grow […]

Hedge Fund Broker Dealer Expands With Hires of Jennifer Bloom and Catherine Wagner

New York (HedgeCo.net) – Broker dealer BTIG LLC, has expanded its Capital Introduction team with the addition of Jennifer Bloom and Catherine Wagner as Vice Presidents to help drive the firm’s services to its Prime Brokerage and Outsource Trading clients. […]

More arrests possible in hedge fund case

Boston.com – Federal investigators plan to charge at least 10 securities professionals with insider trading, some linked to the criminal case against billionaire hedge fund manager Raj Rajaratnam that shook Wall Street last week, people familiar with the matter said […]

Was Something Amiss at Bear’s Hedge Fund Culture?

New York Times – Several hedge fund managers currently in legal hot water apparently have more in common that their judicial woes: they were all former Bear Stearns alumni. William D. Cohan reports in Fortune that that Mark Kurland and […]

Hedge Fund Billionaire Probed Through Wiretapping And An Unidentified Informant

New York  (HedgeCo.net) – The SEC’s case against Raj Rajaratnam and his hedge fund Galleon Management LP, is sending ripples throughout the industry, as the use of wiretapping and its effects are emerging. According to Bloomberg, an unidentified informant began […]

Hedge fund leaders gain clout

Boston.com – Hedge fund managers – a secretive, lightly regulated group portrayed by some as villains in last year’s financial meltdown – appear to have a new degree of clout on Capitol Hill in shaping legislation that will determine how […]

Pension fund sees ‘trend’ of growth, sheds four hedge fund managers

Boston – The state pension fund climbed 2.6 percent in September to finish the month with a $41.5 billion balance, according to a preliminary staff assessment. “I feel a lot better this year than I did a year ago. Last […]

Massachusetts state fund drops 4 hedge fund firms

Reuters – Massachusetts will remove $1.6 billion from hedge fund managers Blackstone, Crestline, EIM Management, and Strategic Investment Group as it shifts its investment strategy after suffering recent heavy losses. Trustees for the roughly $40 billion fund voted on Tuesday […]

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 […]