Author Archives: Editor
Notorious Troll Says He Will Create Trolly Hedge Fund Called “TRO LLC”
Hedge Fund Auernheimer was recently released from prison after a lengthy fight over whether he was properly charged with “hacking” under the much-maligned Computer Fraud and Abuse Act. (The Third Circuit vacated his conviction on the grounds that he was tried […]
Activist Hedge Funds Broadening Tactics and Geography
New York (HedgeCo.Net) – The shareholder activism landscape has changed dramatically over the last several years, according to new data compiled by Hedge Fund Research. Activist hedge funds managed over $93 billion dollars in 2013, almost triple the amount managed just five […]
SEC Charges Former BP Employee with Insider Trading During the Deepwater Horizon Oil Spill
The Securities and Exchange Commission today charged a former 20-year employee of BP p.l.c. and a senior responder during the 2010 Deepwater Horizon oil spill with insider trading in BP securities based on confidential information about the magnitude of the […]
Hedge fund FORT Management launches NY office
New York (HedgeCo.Net) – Hedge fund FORT Management, founded in 1993 by Yves Balcer and Sanjiv Kumar, who formerly worked together as senior fund managers at the World Bank, has expanded its operations and opened an office in New York. […]
Insider Convictions Seen Too Easy in Chiasson Appeal
Bloomberg – Level Global Investors LP co-founder Anthony Chiasson and ex-Diamondback Capital Management LLC portfolio manager Todd Newman claim they were wrongfully convicted because jurors at their trial were told they only had to find that the defendants knew tips […]
Hedge Funds Wounded in “Diabolical” Stock Market
EliottWave – Many big hedge funds have invested heavily in high-flying technology stocks like Twitter, Yahoo!, Priceline and Netflix. And as the price of those shares has fallen recently, hedge fund losses have been sizeable. The technology-heavy Nasdaq Composite index […]
HS Group to invest in new Hong Kong hedge fund Pleiad
VC Post – HS Group Ltd (HSG) will be making its first investment in Hong Kong-based hedge fund Pleiad Investment Advisors. Although the exact amount to be invested is unconfirmed, Pleiad received a total commitment of over $150 million from […]
Hedge Funds Shake Financial System More Than Banks During Crises: Study
Think Advisor – Hedge funds may play an even bigger role than banks in transmitting financial shocks to the rest of the market, and thus may intensify systemic risk more than previously thought, according to new research. An economic letter issued last […]
Hedge fund king Bill Ackman and his wife give $17 million to Harvard
Biz Journals – Hedge fund manager Bill Ackman and his wife Karen have donated $17 million to Harvard University through their Pershing Square Foundation. The gift will go to Harvard’s Foundations of Human Behavior Initiative and endow three professorships and create a […]
Argentina Asks Supreme Court to Protect It From ‘Vulture’ Hedge Fund
BusinessWeek – It’s hard to decide which is the less sympathetic party appearing before the U.S. Supreme Court today. Is it Argentina, which has repeatedly defaulted on foreign debt? Or is it a hedge fund controlled by billionaire Paul Singer, […]
Allegations of Fraud Plague Hedge Fund of Democratic Super-Donor
The former hedge fund of one of the Democratic Party’s most important donors was allegedly involved in a scheme to defraud foreign investors out of tens of millions of dollars, according to documents filed in a Texas court. Farallon Capital […]
2 Hedge Fund Titans Agree to Buy the Milwaukee Bucks
Dealbook – Two Wall Street bigwigs, Marc Lasry and Wesley Edens, have a taste for distressed assets. So the Milwaukee Bucks, the basketball team that currently holds the worst record in the N.B.A., is right up their alley. Read Complete […]