Author Archives: Editor
Ex-McKinsey partner tells of tips in trial of Rajaratnam brother
Reuters – A former McKinsey & Co. partner whose testimony helped convict Raj Rajaratnam for insider trading returned to court on Thursday to testify against the Galleon Group founder’s younger brother, Rengan Rajaratnam. Anil Kumar, once a top partner at […]
Disaster for bonuses in Barclays’ equities business
eFinancialCareers – It had all been going very well for people in Barclays’ equities business. While the fixed income currencies and commodities (FICC) business is being hacked apart, cash equities is one of the areas Barclays wants to focus on. […]
Israeli Hedge Fund IT Co Financial Algorithms Reportedly Target of $4 Billion Takeover Bid
Algemeiner – Financial Algorithms, an Israeli information technology company that creates trading algorithms for hedge funds, is the target of a $4 billion takeover bid from an unidentified foreign buyer, Bloomberg News reported on Thursday, based on an unsourced report […]
Survey: Investors Partnering With Hedge Funds In New Trend
New York (Hedgeco.Net) – Investors have begun striking up partnerships with hedge funds, underlining the closer collaboration taking place between the hedge fund industry and its investor base, according to a new survey by the Alternative Investment Management Association (AIMA), […]
A Former Hedge Fund Manager Created A Fancy Shuttle Service To Compete With Private Jets
Business Insider – Richard Fertig managed a portfolio of hedge fund investments worth $4 billion until he lost his job in January 2009, another casualty of the Great Recession. Fertig interviewed for jobs left and right, but found finance jobs hard […]
Argentina to Pay “Vulture” Fund $832 Million for Bonds Bought for $49 Million
Global Research – Paul Singer, the billionaire hedge fund manager, has claimed victory in a lawsuit to force Argentina to fork out almost 17 times more than he paid to buy bonds issued by the country. After Argentina’s economy crashed […]
AIMA Signs MoU With China Hedge Fund Industry
New York (HedgeCo.Net) – Global hedge fund industry association, AIMA, has signed a Memorandum of Understanding (MoU) with AMAC, the Asset Management Association of China. The MoU, which was signed in Beijing on 18 June 2014, is the first of […]
Private Equity, Hedge Funds Warned Of “Pay-to-Play” Violations
New York (HedgeCo.Net) – Private equity firm TL Ventures has agreed to agreed to settle SEC charges by paying nearly $300,000 in a SEC case where the firm is charged with continuing to receive advisory fees from the city and […]
Troy Dixon in sweet spot with new structured products hedge fund
Troy Dixon, an ex-Deutsche Bank RMBS trader, has recently set up Hollis Park Partners in New York and is working on the launch of a hedge fund that will seek to seize the “significant opportunities” in the $13.5 trillion structured […]
Hedge fund firm rehired by state for pension advice
The Boston Globe – As the Massachusetts state pension fund overhauls the way it invests in hedge funds, it has rehired a money management firm the fund once dropped — this time only to offer advice about funds run by […]
John Paulson Hedge-Fund Firm Builds $1 Billion Stake in Allergan
WSJ – John Paulson’s hedge-fund firm Paulson & Co. has built a $1 billion stake in Allergan Inc. and supports a takeover of the Botox maker by Valeant Pharmaceuticals International Inc., according to a person familiar with the matter. Paulson’s […]
Hedge-Fund Manager Saiers Steps Down to Pursue Art Career
Bloomberg – Nelson Saiers is stepping down from his role as chief investment officer of Saiers Capital LLC to pursue a career as an artist, leaving the top role at the firm to founder Jason Adler. The 39-year-old money manager […]