Monthly Archives: May 2017
Firm, CEO Settle Charges in Ponzi-Like Scheme Involving Life Settlements
(HedgeCo.Net) The Securities and Exchange Commission today announced that a New Jersey-based firm and its CEO have agreed to pay more than $4 million to settle charges that they used new investor money to repay earlier investors in Ponzi-like fashion […]
Preqin: Four Out Of Five Private Debt Managers Plan To Invest More This Year
(FINalternatives) A large majority of private debt managers expect to deploy more capital into their strategies this year than last year, according to a survey from industry data provider Preqin, despite an environment of high valuations and stiff competition. To […]
GM Says Ratings Agency Info Accurate After Greenlight Posts Term Sheets
(Reuters) General Motors on Thursday defended the information it gave to credit ratings agencies regarding Greenlight Capital’s dual share plan, saying the company’s term sheet had complete and accurate information.The defense was part of a broader release responding to the […]
Fortress Investment Group Raises $590m for New Secured Lending Fund
(FINalternatives) Fortress Investment Group has raised $590 million in total accepted capital for a new secured lending fund.The new fund, named the Fortress Secured Lending Fund, was oversubscribed and closed nearly 20% over its original target of $500 million, the […]
Hedge Fund Branding is Critical in a Crowded Marketplace, Especially for Small Hedge Funds
(Valuewalk) Hedge funds must establish themselves as solid brands especially in a crowded marketplace, said Vincent Au, Vincent Au, the Portfolio Manager at New York-based hedge fund management firm Gondor Capital Management. And this is more important for start-up hedge […]
So You Want to Run a Hedge Fund in New York City?
(Crain’s) Congratulations! After working tirelessly for years on the buy-side or the sell side, or as a used-car salesman, you’ve decided to get rich by launching an investment management company and hedge fund in the world’s financial capital, New York […]
Ex-Wall Street Banker Convicted in $8.5m Guinea Bribery Case
(Bloomberg) A Guinea-born former Wall Street banker was convicted of laundering $8.5 million in bribes that he took while a government minister in the West African country…Mahmoud Thiam was accused in the U.S. of taking illegal payments to help China […]
Friends Don’t Let Hedge Funds Invest in Pre-IPO Fintech Startups, Marry Their Cousins
(Dealbreaker) It’s a tale as old as time: Man dreams big. Man finds knack for picking financial stocks. Man runs in-house hedge fund for major asset manager. Man chalks up years of stellar returns. Then he gets too close to […]
Why The US Economic Expansion Is Healthy
(Harvest) Matt Palazzolo, a Senior Portfolio Manager at Bernstein, recently sat down with AB’s US Senior Economist Eric Winograd to get his latest sense of the state of the US economy. He sees the expansion continuing without interruption, and the […]
European Bonds Uncork the Champagne
(Harvest) European corporate bonds led a global fixed income rally over the past five trading days, boosted by waning anxiety over the French election and strong regional growth. US Treasuries and corporate debt also gained as continued lacklustre data kept […]
AIMA/Preqin Study: Global Hedge Fund Industry Employment Up 30% Since 2010
(FINalternatives) The global hedge fund industry employs close to 400,000 people, an increase of about a third since 2010, according to new research by the Alternative Investment Management Association (AIMA) and data provider Preqin. Globally, around 115,000 staff work at […]
HFRU Composite Index Gains 0.36% in April As Equity Markets Climb
(FINalternatives) The HFRU Hedge Fund Composite Index, which measures UCITS compliant hedge funds, reversed early weakness during the month to end up +0.36% for April, according to Hedge Fund Research. To read this article: