Monthly Archives: May 2014
How Hedge Funds Are Pushing Companies To Leave America
Forbes – Mallinckrodt is a pharmaceutical company specializing in pain treatment. Its name may sound foreign, but it traces back to the Mallinckrodt brothers, who founded the company in St. Louis in 1867. Most of the company’s sales take place […]
SEC Investigates Possible Hedge Fund Collusion Against Bill Ackman’s Massive Herbalife Short
Reuters – The U.S. Securities and Exchange Commission (SEC) is probing whether a number of hedge funds many have acted improperly when they made bets on nutrition and weight loss company Herbalife Ltd last year, a source said. The regulator […]
HedgeCo Attracts Another Equity Partner And Joins Forces With GEMS Kenmar-Olympia Group
New York (HedgeCo.Net) – HedgeCo Networks, LLC, a preeminent service provider to the hedge fund industry and operator of the world’s most trafficked database for hedge fund information (HedgeCo.Net), continues to attract global leaders in the alternative investment field. Just […]
What Hedge Funds Need to Know About The May 5th FATCA Deadline
New York (HedgeCo.Net) – The Foreign Account Tax Compliance Act (FATCA), is arguably a thorn in the sides of many foreign hedge funds. While some funds are attempting to tackle compliance flying by the seats of their pants, for others, […]
Dentons Hit With $146M Malpractice Suit For Loans To Petters
Law360 – Dentons was hit by a legal malpractice action in Illinois state court on Tuesday by a hedge fund that says the firm’s shoddy work on $146 million in loans made to Ponzi schemer Thomas Petters resulted in the […]
Hedge honcho: Activists killing ‘golden goose’
CNBC – Jeffrey Ubben, founder of $14 billion activist hedge fund firm ValueAct Capital, believes that some of his fellow corporate agitators are doing undue harm to companies. “We better be careful we don’t kill the golden goose. I think […]
Yusko Hedge Fund Bets On ‘Cheap’ Russia
ETF.com – The sell-off of momentum stocks in the first quarter as well as rising tensions in Ukraine were recipes for a volatile start to 2014 that caught retail investors and the smart-money crowd, including hedge funds, off guard. However, […]
High-paying hedge fund swoops on Credit Suisse derivatives chief
EFC – Mathias Berenger, managing director and head of European vanilla options trading at Credit Suisse has left to join high-paying hedge fund Capula Investment Management. Berenger, a derivatives trading veteran who has been in the sector since 1996, joined […]
Fund of hedge funds face fight for cash with consultants
Reuters – Funds that invest in a range of hedge funds are facing a battle to win new business, as the same consultants they court to win money from pension firms are grabbing a chunk of an industry that was […]
PDP Capital Hedge Fund Manager pleads guilty to Wire Fraud
New York (HedgeCo.net) –Hedge Fund Manager and former Penn State tight end, Paul Pomfret has pleaded guilty to wire fraud and faces up to 20 years in jail. The Palm Beach-based hedge fund, PDP Capital has several legal battles starting […]
Credit crunch casualty Eckert plots hedge fund reincarnation
Reuters – As comebacks go, it’s one of the more ambitious. Fred Eckert – the hedge fund manager who lost $250 million of his own money, saw his firm go bankrupt in the credit crisis, went through a divorce and […]
Ex-SAC Hong Kong trader readies hedge fund to bet on price swings
(Reuters) – Miaodan Wu, a former portfolio manager at billionaire Steven A. Cohen’s hedge fund SAC Capital Advisors, is preparing to launch his own hedge fund in Hong Kong to bet on price swings in financial securities, people familiar with […]