Monthly Archives: June 2016
SEC Sues UK-Based Trader for Account Intrusion Scheme
(HedgeCo.Net) — The Securities and Exchange Commission today announced it has obtained an emergency court order to freeze the assets of a United Kingdom resident charged with intruding into the online brokerage accounts of U.S. investors to make unauthorized stock […]
FBI Raids Platinum As Hedge Fund Returns, Operations Come In Focus
(Bloomberg) Platinum Partners’ offices were raided by federal agents looking into the hedge fund’s operations after a manager at the firm was charged this month with bribing a union chief, according to a person familiar with the matter. The raid […]
Hedge Funds Still Can’t Figure Out a Way to Avoid a $25 Billion Tax Bill
(Bloomberg) The tax man cometh for some of the richest money managers in the U.S. They’ve had eight years to dream up a dodge. So far, no luck. The deadline they face is Dec. 31, 2017. That’s when a loophole […]
A $541 Million Loss Haunts Deutsche Bank And Former Trader
(Bloomberg) Troy Dixon had hit the big time: he’d gone, as they say in his old neighborhood, from “Hollis to Hollywood.” It was a June night last year at the Apollo Theater, the legendary Harlem spot that’s helped launch stars […]
Hedge Funds’ Misery Exposed as Caribbean Proxies Dump Treasuries
(Bloomberg) The fallout from hedge funds’ roughest stretch since the financial crisis is seeping into the world’s investment haven. Caribbean-domiciled investors, considered a proxy for hedge funds and other leveraged accounts, dumped Treasuries by the yacht-load in April, offloading a […]
Hedge Fund Bets On Europe
(Yahoo News) Pieter Taselaar, Lucerne Capital Management Hedge Fund Manager, discusses his European plays and what investors should be looking at ahead of the Brexit referendum. To read this article:
Hedge Fund Giant Lashes Ainsworth Deal
(Financial Review) Hedge fund giant Fortress Investment Group has attacked a deal which could hand poker machine king Len Ainsworth a near $500 million fortune as proxy investors near a deadline to cast their votes on the controversial transaction. The […]
Blackstone Buys Minority Stake in Hedge Fund Marathon
(Reuters)) Blackstone Group LP, the world’s biggest investor in hedge funds, said on Wednesday that it bought a minority stake in $13 billion hedge fund Marathon Asset Management. Marathon, which was founded by Bruce Richards and Louis Hanover in 1998, […]
SEC Halts Scheme Defrauding Pro Athletes
(HedgeCo.Net)— The Securities and Exchange Commission today announced that it has obtained a court order freezing the assets of an investment adviser it has charged with secretly siphoning millions of dollars from accounts he managed for professional athletes and investing […]
Young Hedgie Said Lost Everything In Less Than 3 Weeks
(HITC Business) And now it looks as if he could lose his freedom too. A New York hedge fund founder who before turning age 30 lost nearly all of the roughly $57m he oversaw in less than three weeks is […]
Hedge Funds Sense Profit in Europe Shock Waves After Brexit
(Bloomberg) Hedge-fund managers are sensing opportunity. After enduring the worst first-quarter returns since the start of the financial crisis, the prospect of Britain voting to leave the European Union is creating the market turmoil that can make them money. As […]
Oil Prices Under Pressure as Hedge Funds Adjust Positions
(Reuters) Hedge funds cut their net long position in the main crude futures and options contracts by 63 million barrels, 10 percent, in the week to June 14, as the rally in oil prices showed signs of running out of […]