Author Archives: Editor
Raimondo criticized for keeping hedge fund consultant dropped by Massachusetts
Providence Journal – General Treasurer Gina Raimondo is standing by the state’s hedge fund consultant, even if her counterpart in Massachusetts has decided it’s time for a change in direction. Raimondo, who chairs the State Investment Commission, said through a […]
Here’s How America’s Highest Paid Hedge Fund Manager Is Giving Away His Money
Inside Philanthropy – For three years running, David Tepper has earned the title of highest paid hedge fund manager in America, which likely makes him the highest paid person in the world. Raking in $3.5 billion in 2013 alone, Tepper’s […]
Former First Asset Manager Stephenson Starts Hedge Fund
Bloomberg – John Stephenson, who spent eight years tracking resources at fund manager First Asset Investment Management Inc., is creating his own hedge fund to favor U.S. equities over Canada. Stephenson, who helped manage about C$3.1 billion ($2.89 billion) at […]
Hedge fund calls on Judge Griesa to reject ‘stay’ order requested by Argentina
Merco Press – The last word, however, will be had by Griesa, who will rule on the petition tabled by Argentina. “If Argentina is really serious about its intention to negotiate a way out there is no reason why negotiations […]
Rauner Donor’s Hedge Fund Group Received $200 Million in Bailout Funds
Gapers Block – The Sun-Times reported on Friday that Citadel, a hedge fund founded by Kenneth Griffin, received $200 million in bailout funds in 2009 from AIG. Griffin recently gave Bruce Rauner’s gubernatorial campaign $2.5 million in campaign contributions. Griffin […]
Raimondo stands by hedge-fund adviser canned in Mass.
WPRI – General Treasurer Gina Raimondo is keeping for now the California financial adviser that helps her office pick hedge funds for the state’s investment portfolio, despite a recent decision by the Massachusetts pension board to cut ties with the […]
Ghana’s First Hedge Fund Planned by Ex-Exchange Regulator
Bloomberg – Tikowrie Capital Ltd., a Ghanaian money manager started by a former regulator, plans to establish the West African country’s first hedge fund. “The appetite of investors in the country has grown over the years,” Tikowrie Executive Director Maxwell […]
House Passes Hedging Deregulation Bill
New York (HedgeCo.Net) – The U.S. House of Representatives yesterday passed legislation that would significantly weaken elements of the Dodd-Frank Wall Street Reform and Consumer Protection Act put into place by Obama in 2010. The bill passed by a vote […]
AIMA Japan and Eurekahedge Gauge Asia Hedge Fund Sentiment
New York (HedgeCo.Net) – In March and April 2014, a survey was conducted by AIMA Japan and Eurekahedge looking into investment trends and key regulatory challenges facing the Asian asset management industry; with a particular emphasis on the outlook for […]
Hedge Fund Manager Balboa Gets 4 Years In Prison
New York (HedgeCo.Net) – A portfolio manager for the now collapsed hedge fund Millennium Global Investments has been sentenced to 4 years in prison and 3 years of supervised release, The Wall Street Journal reports. Michael Balboa, a London-based hedge fund manager, was […]
Florida Hedge Fund Firm Charged With $17 Million Fraud Scheme
New York (HedgeCo.Net) – A West Palm Beach-based hedge fund advisory firm and its founder have been charged by the SEC with fraudulently shifting money from one investment to another without informing investors, the South Florida Business Journal reports. The firm’s […]
Possible Offshore Deferrals For Hedge Fund Managers
Mondaq – The Internal Revenue Service (the “IRS”) has issued Revenue Ruling 2014-18 (the “Ruling”)1, which generally confirms that a stock-settled stock option or stock appreciation right that is granted with an exercise/base price of no less than the fair […]