Author Archives: Editor
Hedge Fund Awards: JP Morgan Wins “Manager of the Year”
New York (HedgeCo.Net) – J.P. Morgan Alternative Asset Management (JPMAAM) has been named “Firm of the Year” among Large Fund of Hedge Funds managers at the 12th Annual Hedge Fund Industry Awards. Institutional Investor presented the award at a ceremony […]
Abitration Clauses Let American Apparel Hide Misconduct
NYT – The real lesson from the ouster of Dov Charney at American Apparel is the danger of arbitration clauses. That may not seem obvious given the bitter battle for control of the retailer and the accusations of sexual harassment. […]
Hedge-Fund Boutiques Show Dubai Nurturing Oasis Trading: Cities
Bloomberg – When Ahmad Zuaiter started a frontier-markets hedge fund, the former Soros Fund Management LLC money manager chose Dubai over New York and London. Zuaiter’s Jadara Capital Partners LP and VY Capital Management Co. Ltd. opened in the emirate […]
Hedge Fund Shorting Treasury Bond ETFs
ETF – Fixed-income strategies, especially long-dated bonds, are currently a tough sell in today’s environment when rates look likely to be heading higher. Some investors, including hedge fund manager George Schultze, are preparing for rates to move higher by buying […]
Here’s What Hedge Fund Analysts Are Expecting From Bank of America
Investing.com – Bank of America Corp. (NYSE:BAC) is set to report FQ2 2014 earnings before the market opens on Wednesday, July 16th. Most analysts predicted a contraction in earnings from a majority of the banks this earnings season including Bank […]
Louisiana Hedge Fund Manager Pleads Guilty To Fraud
New York (HedgeCo.Net) – A hedge fund manager has pleaded guilty to multiple counts of mail fraud based on his executing a $13 million investment fraud scheme that included victims in Louisiana, Mississippi, Texas and Florida, The Times-Picayune reports. He is scheduled […]
Global Hedge Funds Reach $2.12 Trillion In First Half Of 2014
New York (HedgeCo.Net) – Despite mixed returns, hedge funds grew assets under management by US$105.6 billion in the first half of 2014 bringing the current AUM of the global hedge fund industry to a record high of US$2.12 trillion, according […]
SEC Charges Ernst & Young With Violating Auditor Independence Rules in Lobbying Activities
The Securities and Exchange Commission today charged Ernst & Young LLP with violations of auditor independence rules that require firms to maintain their objectivity and impartiality with clients. Ernst & Young agreed to pay more than $4 million to settle […]
Hedge funds bet $745 million on Kilpatrick debt in Detroit’s bankruptcy
Detroit Free Press – Several hedge funds are betting they can profit from Detroit’s bankruptcy, snapping up more than $750 million of the city’s distressed debt. The New York-based hedge funds — whose investments in Detroit debt were first reported […]
Two 20-something money managers launch a new hedge fund in Fort Worth
Dallas News – There are plenty of new hedge fund managers trying to make a name for themselves on Wall Street. Then there are two 20-something money managers who are building their firm from scratch from an office in Fort […]
Former Sterne Agee broker accused of running $6M hedge fund side business
Birmingham Business Journal – A former Sterne Agee broker has been accused of allegedly failing to disclose a side business where he ran a $6 million hedge fund. The Financial Industry Regulatory Authority Inc. filed a complaint last week alleging […]
Hedge Fund’s Tax Maneuvers Under Scrutiny by Lawmakers
AW – The UK government said over the weekend it would stiffen laws governing foreign takeovers of British companies, potentially raising new hurdles for overseas acquirers amid heightened interest in British companies as takeover targets, Peter Evans of the Wall […]