Tag Archives: prison-term
Strategy Sought at Global Hedge Fund Conference
West Palm Beach (HedgeCo.net)- Hedge fund managers, gurus and ‘Out of the box’ guest speakers are gathering at the Grimaldi Forum to debate distressed investing issues and macro strategies for 2008. The 14th Annual Gaim International 2008, a global hedge fund industry conference is […]
GGHFI Reports Strong Hedge Fund Performance in May
West Palm Beach (Hedgeco.net)- The Greenwich Global Hedge Fund Index(GGHFI)reported May returns of +2.01% while the Greenwich Composite Investable Index returned +1.66%. The May Index currently includes 1345 constituent funds. By comparison, the S&P 500 showed gains of +1.29%, while […]
Larch Lane and AIG Create Hedge Fund Seeding Deal
West Palm Beach (HedgeCo.Net)- Hedge Fund Investor AIG and Advisor Larch Lane have announced the formation of a joint venture to make seed investments in hedge funds. The joint venture seeks to capitalize on synergies between AIG Investments’ global alternative […]
Hedge Fund Expansion Into Development Property
West Palm Beach (HedgeCo.net)- Hedge fund Three Arch Investors has begun buying tracts of abandoned development land in California. “Property and land values in California have dropped to very low lows and at some stage they will recover." John Godden, […]
AdultVest Hedge Fund Acquires iPorn
West Palm Beach (HedgeCo.Net)- Francis Koenig, Chairman of AdultVest Inc., announced the acquisition of iPorn.com. The acquisition coincides with the firm’s online marketplace topping $7 Billion in available capital for adult industry related investments. "We are very excited about the […]
Hedge Fund Suicide
West Palm Beach (Hedge Co.Net)- Kirk Sean Wright, CEO of hedge fund International Management Associates of Atlanta hanged himself in a Union City jail cell Saturday night. Wright was convicted by a federal jury on 47 counts of mail fraud, […]
False Asset Statments Lead to Conviction
West Palm Beach (HedgeCo.net)- Kirk Wright’s Atlanta-based hedge fund company, International Management Associates, was found to be fraudlent leading to the conviction of the manager, Wright, as the Department of Justice unsealed a March 10 criminal complaint against him. "The […]
Hedge Fund Manager Charged With Fraud
West Palm Beach (HedgeCo.net)- William Galvin, Massachusetts’ top securities regulator has charged the hedge fund manager of the River Stream Fund with improperly soliciting investors. The investigation also turned up a brokerage statement that showed the fund had $1,625 in its account […]
Delphi sues hedge fund after backing out of deal
West Palm Beach (HedgeCo.Net) – One month after Appaloosa Management backed out of a $2.55 billion deal to help lift Delphi out of Chapter 11, the Troy auto parts supplier is suing the hedge fund for damages. "Our efforts to […]
