Monthly Archives: May 2014
Exclusive hedge funds crack open door to Main Street
Reuters – As a $14.8 billion hedge fund with a reputation for savvy mortgage trades and a record of double-digit returns, Pine River Capital Management has long signed up multi-billion-dollar pension and sovereign wealth funds as investors. Now the exclusive […]
Monument To Hedge Fund Manager’s Love Of Chickens Nearly Complete
DealBreaker – Early on in hedge fund manager Crispin Odey’s relationship with his chickens, he made them a promise, about the things he’d do to make them happy. “I’ll move heaven and earth,” he told them. “You’ll be the envy […]
Advent Software Wins “Best Technology – Fund Accounting” at HFMWeek European Hedge Fund Services Awards
Advent Software, Inc., a leading provider of software and services to the global investment management industry, today announced that Geneva(R), Advent’s portfolio management and fund accounting product, was named “Best Technology – Fund Accounting” at the HFMWeek European Hedge Fund Services […]
Former Boardmembers Charged With Insider Trading Ahead Of Sale To The Carlyle Group
New York (HedgeCo.Net) – The SEC has charged a former director of a Long Island-based company and others in his family circle with insider trading ahead of the company’s sale to a private equity firm. The SEC alleges that board […]
Connecticut-Based Hedge Fund Managers Plead Guilty To Fraud
New York (HedgeCo.Net) – Three former executives of hedge fund New Stream Capital pleaded guilty in U.S. District Court in New Haven to a federal conspiracy charges, according to the U.S. attorney for Connecticut. David Bryson, Bart Kutekunst, and Richard Pereira were accused […]
Green billionaire prepares to attack ‘anti-science’ Republicans
CNN – An environmental advocacy group backed by hedge fund tycoon Tom Steyer is set to unleash a seven-state, $100 million offensive against Republican “science deniers” this year, a no-holds-barred campaign-style push from the green billionaire that could help decide […]
London hedge funds suffer tough start to 2014
Evening Standard – London’s hedge funds have made a miserable start to 2014 and will face further pressure once controversial new rules from Brussels are introduced later this year, experts warned today. Returns from UK hedge funds were just 0.56% […]
The hedge-fund billionaire leading Sears looks like he’s stripping it for parts
Quartz – Sears reported earnings today, and it wasn’t pretty. The US-based retailer posted a loss of $402 million. This particular loss was driven by a poorly performing electronic-goods division—which the company hopes to turn around by focusing on “empowering […]
Here’s What Happened When I Went To Vegas With 1,800 Hedge Fund Managers
Business Insider – I was hoping for “Margin Call” meets “Spring Breakers”: 1,800 rich Wall Street dudes winging westward for four Krug-soaked days in the famous mecca of misbehavior and debauchery, Las Vegas, to talk shop of course. You imagine […]
A Hedge Fund Highflier Comes Back to Earth
DealBook – In this West England village, where sheep seem more abundant than people, a hedge fund manager, Crispin Odey, is close to completing a chicken coop in the style and scale of a small Grecian temple. Screened by walls […]
SEC Charges Sarasota-Based Private Fund Manager With Fraud
New York (HedgeCo.Net) – The Securities and Exchange Commission today charged a Sarasota, Fla.-based private fund manager with defrauding investors in a Ponzi scheme that ensued after he squandered their money on bad investments and personal expenses. The SEC alleges […]
Citadel Is First Global Hedge Fund to Raise Fund in China
Bloomberg – Citadel LLC, led by billionaire Ken Griffin, became the first international hedge fund to complete yuan fundraising from Chinese wealthy individuals and companies through a local unit. Citadel (Shanghai) Foreign Investment won regulatory approval for currency exchange on […]