Author Archives: the HedgeCo News Team
SkyBridge Capital and Woori Investment & Securities Announce Strategic Partnership
New York (HedgeCo.Net) – SkyBridge Capital (SkyBridge), a research-based alternative investment firm headquartered in New York, and Woori Investment & Securities (Woori I&S), headquartered in Seoul, South Korea, today announced a strategic partnership that will allow for the distribution of […]
SEC votes 4 to 1 to approve the JOBS Act and lift advertising ban on Hedge Funds
New York (HedgeCo.Net) – This morning the SEC delivered a much awaited decision regarding how they interpret the portions of the JOBS Act that address the approval of advertising for securities sales to accredited investors. In a 4 to 1 […]
Opalesque Roundtable: Changed Capital Flows in the Gulf
New York (HedgeCo.Net) – As in any other region, investors in the Middle East are shifting their portfolios as a response to the current market environment and challenges, with many moving away from fixed income. Tangible assets and “anything with an […]
BTS Tactical Fixed Income Fund converts from Hedge Fund to an 40 Act Mutual Fund
New York (HedgeCo.Net) – BTS Asset Management announced the conversion of the BTS Tactical Fixed Income Fund LLC from a hedge fund to a 1940 Act mutual fund. The BTS Tactical Fixed Income Fund (BTFAX, BTFCX) has a goal to […]
PDP Capital Hedge Fund Manager pleads guilty to Wire Fraud
New York (HedgeCo.net) –Hedge Fund Manager and former Penn State tight end, Paul Pomfret has pleaded guilty to wire fraud and faces up to 20 years in jail. The Palm Beach-based hedge fund, PDP Capital has several legal battles starting […]
Credit crunch casualty Eckert plots hedge fund reincarnation
Reuters – As comebacks go, it’s one of the more ambitious. Fred Eckert – the hedge fund manager who lost $250 million of his own money, saw his firm go bankrupt in the credit crisis, went through a divorce and […]
Ex-SAC Hong Kong trader readies hedge fund to bet on price swings
(Reuters) – Miaodan Wu, a former portfolio manager at billionaire Steven A. Cohen’s hedge fund SAC Capital Advisors, is preparing to launch his own hedge fund in Hong Kong to bet on price swings in financial securities, people familiar with […]
NYC Pension Chief Seeks $500,000 Managers Not Wall Street
Bloomberg – New York City’s $140 billion retirement system pays Wall Street money managers about $360 million a year, the only one of the 11 biggest U.S. public-worker pensions that refuses to manage any assets internally. Larry Schloss, the city’s […]
European Institutional investors shy away from Hedge Fund investments
New York (HedgeCo.net) – This month’s edition of Preqin’s Hedge Fund spotlight shines some light on a change in European investor’s appetite for Hedge Fund investments. Among allocators who invest more than $1 billion in Hedge Funds, 24% came from […]
Two Things You Should Know If You Want To Be Real About Hedge Funds
Hedge funds are known for being high powered, high performing financial firms that employ the smartest people and command the top of top dollar for their services. So it’s important to keep up with what they’re doing. This morning, two […]
Funds of hedge funds resurgent, says Optima founder Dixon Boardman
HedgeWeek – The fund of hedge fund business is strong and is regaining momentum and America is leading the way, says Dixon Boardman, founder of Optima Fund Management. Boardman cites figures from Hedge Fund Intelligence noting that in 2012 North […]
Risk Aversion Puts Hedge Funds Behind S&P 500
Bloomberg – Hedge funds are paying a price for being too hesitant to buy stocks in the midst of a four-year bull market, according to Barry Ritholtz, FusionIQ’s chief executive officer. As the CHART OF THE DAY shows, Hedge Fund […]
