Tag Archives: hedgeco
Another Florida Ponzi-Scheme?
New York (HedgeCo.Net) – Investors in South Florida are fearing the worst, with all eyes turned to Michael Riolo, a Boca Raton resident who may have bilked over $50 million out of investors. Riolo regularly distributed performance reports to his […]
GLG Partners Adds Pendragon Hedge Fund Managers
West Palm Beach (HedgeCo.net) – Global alternative asset manager, GLG Partners LP, is teaming up with two of the founding partners of London hedge fund Pendragon Capital, Kaveh Sheibani and Julian Harvey Wood, to focus on event driven strategies. In […]
Hedge Fund Manager SVM Launches Long/Short Fund
West Palm Beach (HedgeCo.net) – Privately-owned investment management company, SVM Asset Management, is seeking approval from the Financial Services Authority for the launch of the long/short SVM UK Absolute Alpha Fund, which has a similar investment approach to their SVM […]
Third Party Administrators to Improve Hedge Fund Transparency
West Palm Beach (HedgeCo.net) – In an example of how hedge funds and CTAs are turning to third-party administrators with an eye on offering their investors improved transparency, hedge fund and FoHF provider Spectrum Global Fund Administration has teamed up […]
Chrysler Rumored to be in Talks with Italian Automaker over Stake
New York (HedgeCo.Net) – Italian automaker Fiat S.p.A. may be interested in acquiring a stake in Chrysler that could help lift the U.S. automaker out of financial distress. According to an article published on autonews.com, Fiat may invest in a […]
Fraudster Who Staged Death Transferred to Florida Jail
New York (HedgeCo.Net) – Marcus Schrenker, the pilot turned money manager accused of faking his own death to avoid fraud charges, was transferred from a Tallahassee hospital to a Pensacola jail on Monday. Schrenker, 38, purposely crashed his single-engine Piper […]
Florida Hedge Fund Manager Missing Along with Investors Cash
New York (HedgeCo.Net) – Authorities are still searching for missing hedge fund manager and philanthropist Arthur Nadel after he vanished from his Sarasota home last week, while investors are searching for their $350 million they had tied up with him. […]
December investor survey finds managment fees too high
West Palm Beach (HedgeCo.net) – When surveyed about what they think about fee levels and value for money offered by investment managers, investors believe that managment fees are too high. Two surveys were conducted by bfinance in December, questioning institutional […]
Hedge Fund Editor to Join NetSalonFX as Adviser
West Palm Beach (HedgeCo.net) – Chris Gillick, currently an associate editor with Trader Monthly and Dealmaker magazines, has agreed to join NetSalonFX as an adviser, principal/branch manager, and regulatory liaison, having just completed his NASD Series 30 exam. As an […]
Blackstone Man Targeted by SEC for Insider Trading
New York (HedgeCo.Net) – A Blackstone Group executive has been sued by the U.S. Securities and Exchange Commission after allegedly fronting an insider trading scam that involved supermarket chain Albertsons. According to the complaint, Managing Director Ramesh Chakrapani tipped off […]
Former UBS Exec Declared a Fugitive by South Florida Judge
New York (HedgeCo.Net) – U.S. authorities have officially declared Raoul Weil, formerly of UBS, a fugitive. The one-time prominent business man and former chairman of UBS’s global wealth management unit, failed to surrender to police after being charged with aiding […]
