Monthly Archives: June 2013
SEC To Reward Whistleblowers In Hedge Fund Fraud Case
New York (HedgeCo.Net) – In 2011 the SEC obtained an asset freeze against a Massachusetts hedge fund manager and his investment advisory firm. Now the SEC has said that it will award whistleblowers 15% of whatever it can collect from Andrey C. Hicks and […]
The Dow Jones Credit Suisse Hedge Fund Index Finished Up 0.42% in May
New York (HedgeCo.Net) – The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) finished up 0.42% for the month of May. Performance for the Broad Index and its 10 sub-strategies is calculated monthly. April, May and YTD 2013 […]
Corgentum Consulting to Lead Panel at Family Office & Private Wealth Management Forum
Jason Scharfman, Managing Partner of Corgentum Consulting, will be moderating at panel at Opal Financial Group’s Family Office & Private Wealth Management Forum on July 23, 2013. The forum is part of the Private Wealth Series, bringing together family offices, […]
SS&C Appoints Timothy Reilly Senior Vice President
SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced it has appointed Timothy Reilly as senior vice president of institutional outsourcing for its Institutional Services division. Mr. Reilly will leverage his extensive […]
Hedge Funds Cut Gold Bets as Paulson’s Loss Widens: Commodities
Bloomberg – Hedge funds cut wagers on a gold rally for the first time in three weeks on mounting speculation central banks will curb record stimulus and as this year’s slump in bullion spurred losses for billionaire John Paulson. The funds and […]
Now’s Best Time to Buy Art, Hedge Fund Founder Rachofsky Says
Business Week – Now is a good time to buy contemporary art, even though prices have never been higher, the Dallas-based collector Howard Rachofsky says as he digests his bratwurst. The former hedge fund manager and his wife Cindy are […]
Hedge Fund Flows a Shade Weaker
Barrons – Hedge-fund investors took their collective foot off the gas in April, according to the latest data from BarclayHedge and TrimTabs Investment Research. They handed over a net $430 million to hedge funds during April, which was only about half the March […]
How hedge funds can help Detroit avoid bankruptcy
Quartz – The city of Detroit owes its creditors $15 billion. Today it offered them a pretty raw deal. Kevyn Orr, the lawyer tasked by the Michigan state government with sorting out the mess, said it would default on some of that debt and offer […]
Female Hedge-Fund Manager Says Lean In, It Makes You Money
WSJ – To this year’s debate on women and work-life balance, add the voice of Karen Finerman, a New York hedge-fund manager, CNBC regular and the mother of two sets of twins. Her brassy new book, Finerman’s Rules: Secrets I’d Only […]
One Hedge Fund Manager’s War Against Corruption In Russia
New York (HedgeCo.Net) – Hedge fund founder and outspoken critic of corruption in Russia, Bill Browder, has told CNBC that he fears for his life and that if he were to be assassinated, “everyone would know who did it.” Browder’s […]
Hedge Fund Research: $116 Billion Locked in Zombie Funds
New York (HedgeCo.Net) – Reuters reports that new data from Preqin shows that there are approximately 1,200 private equity funds that can be described as zombie funds sitting on $116 billion in assets. In a zombie fund, the GP is […]
Lampert Clients Exit Fund With $393 Million of AutoNation
Bloomberg – Edward Lampert used $393 million of shares in AutoNation Inc. (AN) to meet client redemptions from his main hedge fund, whose investment in Sears Holdings Corp. (SHLD) has led to volatile returns. Lampert’s ESL Partners LP on June […]