Monthly Archives: September 2013
Goldman, Ex-Mirae CIO to launch Asia long/short hedge funds
Reuters – Goldman Sachs Investment Partners and Cong Li, the former chief investment officer of Mirae Asset Global Investment (Hong Kong), are preparing to start separate Asian hedge funds as fund launches gather pace in the second half of the […]
Fed Leaves Hedge Fund Bears Waiting on Emerging-Markets Bet
Bloomberg – Ray Bakhramov has been waiting almost two years for his hedge fund’s bet against emerging markets to pay off, which spurred a 20 percent loss in 2012 and cost him clients. Even with a slump from bonds to currencies over […]
SEC prepares for hedge fund ad blitz
CNBC – Regulators are stepping up their scrutiny of the private securities market in anticipation of the lifting of an 80-year-old ban on advertising by hedge funds to investors. Starting on Monday, hedge funds, private equity funds and other firms […]
Morgan Creek Launches Firm’s First Open End Alternative Mutual Fund
New York (HedgeCo.Net) – Hedge fund manager and alternative investor specialist Morgan Creek Capital Management is launching its first open end alternative mutual fund, the Morgan Creek Tactical Allocation Fund. “Investors in the Tactical Allocation Fund may benefit from a […]
CEO-to-Worker Pay Ratio Disclosure Proposal Issued by SEC
Bloomberg – A divided U.S. Securities and Exchange Commission will propose that public companies disclose how much more their chief executives earn than rank-and-file workers. SEC commissioners meeting in Washington today will vote to propose and seek comment on a requirement that […]
Hedge Funds To Pay $14 Million to Settle SEC Market Manipulation Charges
New York (HedgeCo.Net) – In one of the largest crackdowns in the industry, the SEC has taken legal action against 23 firms and hedge fund managers for short selling violations. The funds agreed to pay $14.4 million to settle the market […]
Co-founder of defunct hedge fund Diamondback launches new firm
Reuters – Richard Schimel will launch a new hedge fund later this year, less than 12 months after closing Diamondback Capital in the wake of an insider-trading investigation by the U.S. government. “The investment model at Sterling Ridge will focus […]
The Sixth Annual Canadian Hedge Fund Awards
A call to everyone in the alternative investment industry in Canada. Join us at KPMG’s offices at 333 Bay Street on 3 October to hear who has won the awards this year. Once again, we have the full support of […]
SYZ Asset Management hires Ian Penrose as Distribution Director for the UK
SYZ Asset Management, the institutional asset management arm of the Swiss banking Group SYZ & CO, has announced today the appointment of Ian Penrose as Distribution Director for the UK to promote SYZ Asset Management’s (SYZ AM) capabilities, including the […]
Florida Man Sentenced To Over 5 Years For Hedge Fund Fraud
New York (HedgeCo.Net) – Hedge fund manager and former Penn State tight-end, Paul Pomfret, has been sentenced to 63 months’ imprisonment. He pleaded guilty to wire fraud in May, his Palm Beach-based hedge fund PDP Capital has been involved in several legal […]
Global Hedge Fund AUM Declines in August, New Launches Up
New York (HedgeCo.Net) – Hedge funds witnessed slightly negative returns in August according to this month’s Eurekahedge Hedge Fund Index, which was down 0.23%. Global hedge fund AUM declined by $6.3 billion, but on the bright side, launch activity picked up the pace […]
Fed candidate Don Kohn’s Wall Street ties
Fortune – Larry Summers’ bid to replace Ben Bernanke as the next head of the Federal Reserve appears to have been derailed, at least in part, by his ties to Wall Street. Just this weekend, Summers pulled out of a […]