Monthly Archives: June 2012
S.E.C. Said to Be Poised to Sue Fund Manager
NYT – His wireless dreams all but dashed, billions of dollars lost and investors swearing him off, Philip A. Falcone has been a colorful exhibit of how quickly fortunes can turn in the hedge fund world. Adding to Mr. Falcone’s […]
Ernst & Young and The Hedge Fund Journal announce Tomorrow’s Titans 2012
Sacramento Bee – Ernst & Young LLP and The Hedge Fund Journal today announced the release of Tomorrow’s Titans 2012, a survey identifying 40 emerging hedge fund managers who are making an increasing contribution to the industry’s development and success. […]
John Paulson’s returns falter again; investors fret
Reuters – Billionaire trader John Paulson has told his wealthy investors that he has learned from his mistakes of 2011, which produced enormous losses for his closely watched hedge fund. The founder and manager of Paulson & Co, who made […]
Research: Women Working in Hedge Funds Are “Never The Right Age”
New York (HedgeCo.net) – A new report from the universities of Leicester and Essex looked into the concept of “adulting” which is defined as the attempt by people to be seen as mature and responsible, professionally and socially. The academics, who […]
Stark Investment to close multistrategy hedge funds
Pensions & Investments – Stark Investments is closing its multistrategy hedge funds due to a “meaningful reduction” in assets under management and will concentrate on managing single-strategy hedge funds, according to a Tuesday client letter obtained by Pensions & Investments. The […]
Hedge Fund Law Firm Ogier Wins Offshore Lawyer Award
New York (HedgeCo.net) – Cayman-based hedge fund law firm Ogier this week won the Offshore Law Firm of the Year award, announced at The Lawyer Awards 2012, in London. “We are absolutely delighted to win the Lawyer Offshore award. Last year […]
Fake NJ Hedge Fund Operator Indicted for Defrauding Victims in Two Scams
Newark FBI – A Newark grand jury today indicted a man for allegedly draining an elderly woman’s annuity while operating another, multi-million-dollar investment fraud scam, U.S. Attorney Paul J. Fishman announced today. George Sepero, 39, of Glen Rock, New Jersey, […]
Famed hedge fund manager Philip Falcone charged by feds with market manipulation
Mercury News – The bad news keeps coming for Philip Falcone, once one of the hedge fund industry’s most successful fund managers. The U.S. Securities and Exchange Commission filed a lawsuit in federal court on Wednesday charging Falcone with market […]
Dow Jones Launches an “Index of Indexes”
New York (HedgeCo.net) – Dow Jones Indexes has launched the Dow Jones RBP U.S. Directional Allocation Index, a gauge that automatically allocates weights among other indexes that reflect distinct viewpoints on the U.S. market. Constructed as an “index of indexes,” […]
Saba’s Weinstein exits bet against JPMorgan-sources
Reuters – Hedge fund manager Boaz Weinstein, who was one of the first traders to call attention to a derivatives bet that cost JPMorgan Chase at least $2 billion recently exited from the trade, booking a tidy profit, according to […]
Hedge Fund Manager Expands ‘The Spot Experience’
New York (HedgeCo.net) – Former NFL player and hedge fund manager Mitch Marrow has teamed up with real estate firm Rose Associates to provide luxury dog amenity services for Rose’s residential real estate portfolio in New York City. “Our dog amenity program is […]