Author Archives: Editor
J.P. Morgan Asset Management Launches First ETF
New York (HedgeCo.Net) – J.P. Morgan Asset Management has announced that its first ETF, JPMorgan Diversified Return Global Equity (JPGE), officially launched for trading. The fund represents the next generation of strategic beta ETFs, seeking to provide global equity returns […]
Deutsche Bank: Lack of transparency biggest reason for rejecting hedge fund investment
P&I – A hedge fund manager’s refusal to provide adequate transparency is the top reason an investor will veto an investment, Deutsche Bank’s global prime finance group’s third annual Operational Due Diligence survey said. Twenty-two percent of respondents said managers’ […]
Swiss-Asia Financial Starts Hedge-Fund Platform in Hong Kong
Bloomberg – Swiss-Asia Financial Services Pte started a hedge-fund platform in Hong Kong, adding to one in Singapore, to meet rising demand from smaller funds seeking to cut costs amid tighter regulations. Two funds with assets under management of between […]
Raj Rajaratnam Denied Retrial By Supreme Court
New York (HedgeCo.Net) – The Supreme Court on Monday denied jailed hedge fund manager Raj Rajaratnam’s request to have the appeal of his insider trading. Rajaratnam, who co-founded hedge fund Galleon Management and Chiesi, a former trader with New Castle Funds, face up to 20 years in […]
Trotsky Says Massachusetts Won’t Pay for Hedge Fund Luck
Bloomberg – Michael Trotsky, like many other investors in hedge funds, is tired of paying superstar fees for mediocre returns. As chief investment officer of the $59.1 billion Massachusetts Pension Reserves Investment Management Board, he’s in a position to do […]
Argentinian President and hedge fund ‘vultures’ will be forced to thrash out dea
The Independent – Outlook Time is running out for Cristina Fernandez de Kirchner. While the Argentinian President has been talking tough about defying the hedge fund “vultures” carrying out “extortion” on her country, in reality her options are rapidly disappearing. The […]
Rengan Rajaratnam’s Hedge Fund Fraud Charges Go To Trial
New York (HedgeCo.Net) – Rengan Rajaratnam’s trial for hedge fund insider trading has begun. Rengan Rajaratnam was charged with conspiracy to commit securities fraud and six counts of securities fraud. He has been charged with conspiring with his older brother Raj, to cheat on […]
Hedge Fund Firm Paradigm Settles Whistleblower Retaliation Charges For $2.2 Million
New York (HedgeCo.Net) – NY hedge fund advisory firm Paradigm Capital Management and its owner Candace King Weir have agreed to pay $2.2 million to settle SEC charges of engaging in prohibited behavior and then retaliating against the employee who […]
Movie-Investing Hedge Fund Declares Bankruptcy
The Hollywood Reporter – Aramid Entertainment, a hedge fund based out of the Cayman Islands specializing in financing movies, has declared Chapter 11 bankruptcy. The move comes after years of loan-collecting and litigation have left Aramid in a cash-strapped position. […]
The June Eurekahedge Report: $200 Billion In New Hedge Fund Capital
New York (HedgeCo.Net) – Hedge funds rebounded strongly in May following April’s and March’s losses to finish the month up 1.12%, Eurekahedge reports. All hedge fund regional mandates ended the month in positive territory and since January 2013, investors have […]
Senate’s Wyden Pushes IRS Over Hedge-Fund Tax Strategy
Bloomberg – Senate Finance Committee Chairman Ron Wyden is pressing the Obama administration over why the U.S. has failed to end a tax-avoidance strategy used by hedge funds, including John Paulson’s Paulson & Co. Wyden, an Oregon Democrat, asked the […]
Argentina Loses US Supreme Court Appeal In Key Hedge Fund Case, Now In Its 12th Year
International Business Times – According to the Wall Street Journal, the justices on Monday rejected Argentina’s appeal of a lower-court ruling that said the country can’t make bond payments until it compensates hedge funds that refused to accept restructured debt […]