Monthly Archives: September 2012
Hedge Fund Man, Nomura Launch Computer Driven Fund
New York (HedgeCo.Net) – Hedge fund manager Man Group has teamed up with investment bank Nomura to launch a computer-driven fund, The Nomura Man Systematic Fixed Income fund. The fund uses algorithms from Man’s $16.7 billion flagship fund AHL, it will trade […]
New hedge fund offers crossover appeal to both green and Islamic investors
Opalesque Asia – Communications and consultancy firm Sustainable Options Ltd has announced the launch of the Sustainable Resources Fund, an open ended hedge fund that offers appeal to both green and Islamic investors. The fund aims to raise $100m for […]
Troubled hedge fund Pentagon to fight SEC’s $100m fine
Telegraph – A contemporary of David Cameron’s at Oxford University, Mr Chester took the dramatic step after his hedge fund, Pentagon Capital Management, was fined $98.5m earlier this year for allegedly engaging in late trading in mutual funds between 1999 […]
US- Hedge funds prepare for another oil spike
MENAFN – Hedge funds and other money managers have started to ready themselves for another big spike in oil prices in the next few months, according to positioning data from the US Commodity Futures Trading Commission (CFTC). By Aug. 28, […]
Hedge Fund Bulls Push U.S. Gasoline to Labor Day Record
BusinessWeek – Hedge funds raised bullish bets on gasoline to more than a three-month high, helping push prices at the pump to record levels for the U.S. Labor Day holiday, as Hurricane Isaac roared toward the Gulf of Mexico and […]
Hedge Fund Launches: ConvergEx Group’s NorthPoint Alternative Mutual Fund Division
New York (HedgeCo.net) -ConvergEx Group, a leading technology company, announced that NorthPoint, its prime services business, has launched a new division dedicated to the formation, performance and management of alternative mutual funds. The new Alternative Mutual Fund Services division will […]
Hedge Fund Securities Firm Wins $1.46 Arbitration Award Against WFG
New York (HedgeCo.net) – Hedge fund services company Esposito Securities won a $1.46 million FINRA arbitration award against $6.5 billion Dallas-based financial services firm WFG Investments, Inc. “We are very happy that the FINRA arbitration process was confirmed by the […]
EisnerAmper Named North American Team of the Year in Annual Awards Showcase
New York – EisnerAmper LLP received the North American Team of the Year Award at the STEP Private Client Awards for 2011/12 on September 15. Winners were announced in London at the Hilton in Park Lane, where more than 670 […]
The War on Insider Trading: Market-Beaters Beware
NYT Magazine – How much time should Raj Rajaratnam spend in prison? Rajaratnam is the hedge fund founder who was convicted in May of trading on illegal stock tips — tips that produced fantastic results for his Galleon Group. Federal […]
Hedge Funds Care grant helps vulnerable families
Cayman Island News – The Children and Youth Services (CAYS) Foundation’s Family Reunification Programme has received a further US$36,585 from Hedge Funds Care Cayman, a charitbale organisation that aims to to prevent and treat child abuse and neglect. The programme is designed to […]
Metals fund Red Kite flies high as copper crashes
Reuters – It was a long wait, but the world’s most renowned metals traders Michael Farmer and David Lilley are finally profiting from a big, bearish bet on copper, trouncing rival hedge funds with a nearly 50 percent gain this […]