Monthly Archives: May 2015
Artificial intelligence is the next big thing for hedge funds seeking an edge
Quartz – The glitzy skyscrapers of Hong Kong’s financial center stand in stark contrast to a dirty grey industrial building in the city’s run-down Kwun Tong district. Yet nine floors up, in an office bereft of any form of signage, […]
Hedge Fund Whistleblower Awarded $600,000
New York (HedgeCo.Net) – An employee who worked at a hedge fund adviser has received the maximum whistleblower award after reporting insider trading activity. NY hedge fund advisory firm Paradigm Capital Management and its owner Candace King Weir also agreed to pay $2.2 million […]
Liquid Alternatives Outperform Hedge Funds in 2014
New York (HedgeCo.Net) – In what seems to be a case of “beating them at their own game”, the average alternative mutual fund returned 4.36% in 2014 while the average hedge fund returned 3.78% over the course of last year according […]
Hedge Fund Cello Capital Adds Team From Weinstein’s Saba Capital
Bloomberg – Hedge fund Cello Capital Management hired a team of commercial mortgage bond TRADERS from Boaz Weinstein’s Saba Capital Management. The team is led by MONEY manager Toby Maitland Hudson and includes Scott Grabine and Kashif Akhtar, spokeswoman Elizabeth […]
Massive Stash Of Ammo Found In Hamptons Home
New York (HedgeCo.Net) -The authorities have found a stash of ammo at the childhood home of Thomas Gilbert Jr., who was indicted for killing his 70-year-old father, Gilbert Sr. “Police recently executed a search warrant in his bedroom in his […]
Baby Hedge Fund Managers Show Their Stuff
Bloomberg – In the summer of 1967, at the peak of the Monkees’ popularity, the thousands of fans filling stadiums for their live tour had the option of arriving early to catch an obscure opening act. It was a guitarist […]
Mitch Landrieu makes a play for potential hedge fund lawsuit proceeds
Times Picayune – New Orleans Mayor Mitch Landrieu wants in on the firefighters’ lawsuit against the managers of a bankrupt hedge fund that lost a $15 million investment made by the firefighters’ pension FUND. In a motion filed Thursday (April […]
This star hedge fund manager has CIA interrogators give all his potential hires a personality test
Business Insider – Hedge fund manager Jason H. Karp, the founder of Tourbillon Capital Partners, said all of the potential hires at his firm take a personality test. “We actually administer a three-step personality exam that’s conducted by a former CIA […]
Hedge Fund Launch Marks Expansion of Advent’s Alternatives Offerings
New York (HedgeCo.Net) – Advent Capital Management, LLC (“Advent”), an investment management firm with approximately $8.5 billion in assets under management, announced that it has launched a new UCITS regulated umbrella fund* domiciled in Ireland, which will include the Advent Global […]
The $1 Billion Club – Largest Hedge Fund Managers Dominate
New York (HedgeCo.Net) – There are currently more than 500 hedge fund managers with $1bn or more in assets under management. With these firms representing approximately 90% of total industry assets, they make up a significant proportion of all capital managed by hedge funds. […]
Hedge fund manager charged in Carter’s insider trading probe
Reuters – A New Jersey hedge fund manager pleaded not guilty on Thursday to charges he traded on inside information about the children’s clothing company Carter’s Inc, according to court papers. Steven Slawson, the co-founder of Titan Capital Management, is […]