Author Archives: Editor
Evanston Launches Multi Strategy Hedge Fund
New York (HedgeCo.Net) – An Illinois-based hedge fund manager with around $4.9 billion AUM, is launching the Evanston Alternative Opportunities Fund. The new fund, launched by Evanston Capital Management started up on July 1, 2014. The Fund is available to […]
Notable Cases on Insider Trading in Hedge Fund Industry
NYT – The office of Preet Bharara, the United States attorney in Manhattan, has secured 85 convictions and guilty pleas from traders, analysts, industry consultants. Below are some of the key cases. See Interactive Here
NYSE, Citadel, other asset managers call for lowering ‘access’ fees
Reuters – The New York Stock Exchange and two prominent asset managers will call for reforms on Tuesday [July 8] to lower the cap on fees exchanges can charge brokers to enter the market, according to prepared testimony reviewed by […]
Wife of hedge-fund boss in £1bn divorce claims she made him a philanthropist
Telegraph – The former wife of a leading philanthropist suggested that she had influenced him to give so much of his wealth to good causes. Jamie Cooper-Hohn said during what could be Britain’s first billion pound divorce case that when […]
Soros Fund sued by former portfolio manager
Reuters – A former portfolio manager at Soros Fund Management sued the hedge fund firm founded by billionaire George Soros for nearly $20 million, accusing it of reneging on promises to pay him performance and other fees. Aaron Cowen was […]
InvestCorp Expands Its Hedge Fund Advisory Board
New York (HedgeCo.Net) – Investcorp, the $11.3 billion global hedge fund manager, has appointed four new Corporate Investment Advisory Directors, Brendan Harris, Joan Julia Dinares, Guy Leymarie and Philip Walters. “We are delighted to welcome such an esteemed group of […]
Hedge Fund Survey: 2013 Showed Record Fund Launches
New York (HedgeCo.Net) – Morningstar and Barron’s today released highlights of their eighth annual national survey examining the perception and usage of alternative investments such as hedge funds among institutions and financial advisors. “Mutual funds continue to grow as the […]
U.S. companies adopt bylaws that could quash some investor lawsuits
Reuters – A handful of mostly tiny U.S. companies have become the first to adopt controversial bylaws that would shift legal fees to investors who sue and lose, which legal experts said could upend the economics of shareholder litigation. The […]
After Nailing “Big Short,” Eisman Closing Hedge Fund
ValueWalk – Fund manager who bet against subprime mortgages while at Morgan Stanley fund couldn’t raise significant assets even as he identified next big short. Professional money manager Steve Eisman found the ultimate big short, selling against the subprime mortgage […]
Ackman’s Hedge Fund Offers Slate of Directors for Botox Maker Allergan
DealBook – Pershing Square Capital Management unveiled a proposed slate of directors on Monday that it hopes to elect to the Allergan board. Pershing Square, which is working with Valeant Pharmaceuticals on a $53 billion hostile bid for the Botox […]
Cyber Security Executive Got A Little Carried Away With His Hedge-Fund Hacking Attack ‘Illustrative Scenario’
Dealbreaker – Last month, BAE Systems’ Paul Henninger breathlessly reported that a “major” U.S. hedge fund had fallen victim to a spear phishing cyberattack after an apparently dull employee clicked on link he or she shouldn’t have. This was very […]
Returns From Activist Hedge Funds Are Causing a Stir
WSJ – Activists are once again at the top of the hedge-fund heap, after a profitable stretch of clashes with companies around the world. Activist managers gained 6.5% in the first half of the year, almost double the total for […]