Author Archives: Editor
Citigroup Equity Derivatives Head Leaving to Join Hedge-Fund Firm
WSJ – Simon Yates, head of equity derivatives at Citigroup Inc., is leaving the bank to become an executive at Two Sigma Investments LLC, a roughly $20 billion hedge-fund firm based in New York. According to a statement from the […]
KPMG Acquires Rothstein Kass’ Hedge Fund Assets
New York (HedgeCo.Net) – Audit, tax and advisory firm has acquired some of the of assets of hedge fund specialist Rothstein Kass and most of its principals and employees. “Adding Rothstein Kass’s team to KPMG significantly enhances the services we provide to hedge […]
Taxpayers shoulder $16M for failed hedge fund move
CT Post – Connecticut spent $16 million in taxpayer money cleaning up contaminated Stamford waterfront land to lure the world’s largest hedge fund to the city. Even though the deal has fallen through, the state will not get that money […]
UK hedge fund Oceanwood wins $50 mln from Ohio pension fund
Reuters – Europe-focused hedge fund Oceanwood Capital Management has won a $50 million investment from School Employees Retirement System of Ohio (SERS), a nearly 3 percent boost to its $1.85 billion assets under management. The investment marks a significant institutional […]
Rand Paul Slams ‘Fat Cats’ With Hedge Fund in Top Donors
Bloomberg – Senator Rand Paul has preached the political peril of being too close to financiers as he gears up for a likely 2016 presidential bid. “We cannot be the party of fat cats, rich people, and Wall Street,” the […]
R.I. has stake in hedge fund angling for Massachusetts casino license
Providence Journal – The looming threat to Rhode Island’s finances from the advent of casino gambling in Massachusetts brings with it a potentially awkward twist for state officials — the pension funds they oversee may gain from the money and […]
Hedge fund couple in billion-dollar divorce case
Guardian – The wife of a hedge fund tycoon is seeking hundreds of millions of pounds in what could be the largest divorce award ever made in a British court. Lawyers for Jamie Cooper-Hohn, 49, argue that she is entitled […]
H1 2014 Global M&A Trend Report
New York (HedgeCo.Net) – H1 2014 (US$ 694.6bn) has been the most active half year for US M&A since H1 2007, up 98.3% from H1 2013 (US$ 350.2bn) and a 30% increase from H2 2013 (US$534.3bn), according to a new report […]
The Next Phase of Hedge Fund Industry: Regulation
New York (HedgeCo.Net) – Regulation will be the key driver in the next phase of the rapidly evolving hedge fund industry, according to Part II of the Citi Investor Services’ 5th Annual Industry Evolution survey. Previous Citi surveys have discussed […]
Investors Told of Class Action Against Hedge Fund OCH-ZIFF
New York (Hedge Co.Net) – A class action lawsuit is taking place on behalf of investors in hedge fund Och-Ziff Capital Management Group LLC securities between February 9, 2012 and April 25, 2014. The complaint alleges that throughout the Class […]
Rand Paul Slams ‘Fat Cats’ With Hedge Fund in Top Donors
Bloomberg – Senator Rand Paul has preached the political peril of being too close to financiers as he gears up for a likely 2016 presidential bid. “We cannot be the party of fat cats, rich people, and Wall Street,” the […]
Hedge funds continue to count the cash
The Irish Post – Mystifyingly, investors and pension funds continue to respond to hedge fund underperformance by throwing money at the industry, with assets under management now exceeding $3 trillion for the first time ever, according to eVestment. Last year, […]