Author Archives: the HedgeCo News Team
Lexington Partners Acquire a Portion of JP Morgan Chase’s Interest in One Equity Partnership
New York (HedgeCo.Net) – Lexington Partners (“Lexington”) together with AlpInvest Partners (“AlpInvest”) announced today that they have entered into a definitive agreement to acquire JPMorgan Chase’s interests in approximately 50% of the portfolio companies currently held by One Equity Partners […]
Stock Market Ends July in Dive, but Analysts Are Upbeat
Dealbook – The stock market ended July with the sharpest decline in the Standard & Poor’s 500-stock index since April, while the Dow Jones industrial index fell more than 300 points, enough to eliminate all of its gains for the […]
Profits Soaring After Disgrace at Cohen’s Hedge Fund
NYTimes – Three months after his once-powerful hedge fund entered a guilty plea to insider trading charges, Steven A. Cohen is doing quite well. This summer, Mr. Cohen and his family rented a yacht off the Greek islands for a […]
Blackstone Backs Black Rhino to Invest in African Infrastructure and Power Development
New York (HedgeCo.Net) – Global asset management firm Blackstone (BX) today announced that it has partnered with Black Rhino, an African infrastructure development company, to identify, develop, finance, construct and operate large-scale infrastructure projects across Sub-Saharan Africa with a focus […]
SEC Obtains Asset Freeze and Other Emergency Relief in Fraudulent Tender Offer Scheme
New York (HedgeCo.Net) – The Securities and Exchange Commission filed an emergency action ex parte against Luis Chang and Everbright Development Overseas Limited. The Commission alleges that Defendants Chang and Everbright victimized an American mining company, Allied Nevada Gold Corporation […]
Chicago-Area Attorney Charged after SEC Exam Spots Fraud in Real Estate Investment Offering
New York (HedgeCo.Net) – The Securities and Exchange Commission today charged the founder of an investment advisory firm located in suburban Chicago with defrauding investors in connection with a real estate venture for which his firm offered securities. After an […]
How one hedge fund titan could bankrupt Argentina
NYPost – On the surface, the 11-year-old battle between one 69-year-old New York hedge fund mogul and Argentina seems hardly fair — especially when several other countries joined the fight and lined up alongside the South American country. But today, […]
Activist Hedge Funds Make A Major Comeback In May
ValueWalk – Hedge funds had a decent time in May. During the month, all major strategies showed a positive return except for managed futures. The monthly report from eVestment found that the average return of a hedge fund was 1.23% […]
San Francisco tables hedge fund discussion for 90 days
Pensions & Investments – San Francisco City & County Employees’ Retirement System Chief Investment Officer William Coaker Jr. will have to wait at least 90 days before the pension fund’s board passes judgment on his plan to invest 15% of […]
Hedge Fund Association Adds Three Females to Prominent Leadership Positions
New York (HedgeCo.Net) – The Hedge Fund Association (“HFA”), a global nonprofit trade and nonpartisan lobbying organization, announces it has added three female leaders including FINalternatives Publisher Deirdre Brennan as UK Regional Chapter Director; C&A Consulting Director Amy Poster to […]
Kingdom Trust and Alternative Capital Advisers, LLC (ACA) Form Strategic Relationship
New York (HedgeCo.Net) – Alternative Capital Advisers, LLC and The Kingdom Trust Company announce a strategic relationship in which Kingdom will custody investments by IRA owners in alternative strategies through ACA’s Master Select Fund. Alternative Capital Advisers, LLC (ACA), a […]
Hedge fund shorts Saga shares as losses mount for thousands of small investors
Telegraph.co.uk – One of the world’s biggest hedge funds is betting against Saga in the wake of the company’s high-profile flotation that has left hundreds of thousands of private investors out of pocket. GLG Partners, which is part of Man […]
