Author Archives: Editor
BAE Says Hedge Fund Attack on Hedge Fund Wasn’t Real
Bloomberg – The hacking attack on a hedge fund that was described by a security official with BAE Systems Plc (BA/) last month wasn’t real, a company spokeswoman said. The attack was one of several “illustrative scenarios” that BAE internally […]
SEC urges judge to find Texas tycoon Wyly liable for insider trading
Reuters – The U.S. Securities and Exchange Commission on Wednesday [July 2] urged a judge to find Texas tycoon Sam Wyly and his late brother, Charles, liable for insider trading, after a jury found they committed fraud by using offshore […]
NY Court Dismisses Charges Against A Hedge Fund In Market Timing Case
New York (HedgeCo.Net) – After six years of litigation, the SEC has resolved a case against defendant hedge fund manager Bruce Alpert of Gabelli Funds LLC. The Commission has agreed to dismiss its charges against Alpert. The SEC’s complaint alleged […]
Emrys Partners Hedge Fund Shuts Down
WSJ – Steve Eisman, who emerged as one of the stars of the financial crisis with a winning bet against mortgages, is shuttering his hedge-fund firm, according to people familiar with the matter. Emrys Partners LP, which Mr. Eisman founded […]
American Apparel crisis nears end with hedge-fund deal
NYP – A deal to end the crisis at American Apparel is expected early this week, The Post has learned. The embattled retailer’s board is slated to meet Sunday evening to approve a preliminary agreement that will hand control of […]
Why Chicago’s wealthy are into this little hedge fund
Chicago Business – It’s not easy to launch a hedge fund, but in Chicago it helps if you have names like Duchossois, Canning and Hull pulling for you. Probably it helps, too, if you have a boot-strapper’s back story: African-American […]
Dov Charney’s Hedge Fund Plan May Backfire
New York (HedgeCo.Net) – Former American Apparel founder and CEO has handed his entire stake over to New York hedge fund Standard General LP. The deal, including a loan, boosted his share from 27% to 43%, and enabled the hedge fund […]
The Credit Suisse LAB Index Up 0.62% in June
The Credit Suisse Liquid Alternative Beta Index (“CSLAB”), which aims to reflect the performance of the overall hedge fund industry, finished up 0.62% in June. The Long/Short Equity strategy was the strongest performer for the month and year-to-date, finishing up […]
Nashville nonprofit uses hedge fund returns for world’s poor
Tennessean – Karen Bruton believes capitalism can accomplish tremendous good. Not that she blindly trusts the morals of the free market, but rather, she says people can use money made from capitalistic endeavors to change the world for the better. […]
The hedge fund attack that wasn’t
Politico – CNBC and BAE Systems are abruptly retracting a June report describing a previously undisclosed “audacious and sophisticated attack” against a large hedge fund that supposedly crippled the fund’s high-speed trading and stole data. Paul Henninger, a global product […]
Loeb’s Third Point flagship fund gains 6 percent in first half
Reuters – Billionaire investor Daniel Loeb’s main hedge fund returned 6 percent during the first six months of 2014, beating many rival managers’ largely lackluster returns but trailing his own performance from last year. Loeb’s $14 billion firm Third Point […]
Hedge fund executive to join Wausau Paper board
Milwaukee Journal Sentinel – In the latest shake-up at Wausau Paper Corp., the company announced that a partner at New York hedge fund, which already has forced a break-up of the once-massive Wisconsin paper company, will join the Wausau board of […]