Author Archives: Editor
Pensiongate? Christie Campaign Donors Won Huge Contracts
The Nation – Governor Christie moved to award big pension management contracts to the Wall Street donors who have helped boost his political fortunes. In his second year in office, Christie’s administration proposed giving Singer’s hedge fund, Elliott Associates, a […]
Marketwired to stop selling to high-frequency traders
Reuters – Marketwired, a company that publishes and distributes corporate earnings and other market-moving news releases, said on Wednesday [March 19] it will no longer sell them directly to high-frequency trading companies. The move comes after discussions with the New York […]
Hedge Funds Grab a Stake In Bitstamp
New York (HedgeCo.Net) – New York private equity firm Fortress Investment Group and two other investors, Benchmark Capital and Ribbit Capital, are buying a stake in Pantera Bitcoin Partners, a San Francisco-based hedge fund operator that buys and sells virtual currencies, Reuters reports. Pantera invested about […]
Neuberger Berman Mid Cap Growth Fund Surpasses $1 Billion In Assets
New York (HedgeCo.Net) – Hedge fund investor Neuberger Berman Group’s Mid Cap Growth Fund has exceeded $1 billion in assets under management following investor inflows and investment gains (as of February 21, 2014) since January 31, 2003. The Fund’s two share […]
Hedge fund showcase event SALT looks to exit Singapore
CNBC – Anthony Scaramucci, founder of $9.6 billion fund of hedge funds SkyBridge Capital, has made the SkyBridge Alternatives Conference in Las Vegas the Super Bowl of hedge fund events since it launched in 2009. Dubbed “SALT,” the May event […]
Judge in Germany Dismisses Hedge Fund Suit Against Porsche Holding
DealBook – The former holding company for the automaker Porsche won a victory Monday in its long-running legal battle with a group of aggrieved hedge funds, after a judge in Stuttgart dismissed a suit seeking damages over events leading up […]
New York AG seeks curbs on high-frequency traders
Reuters – New York’s attorney general urged U.S. stock exchanges and other venues on Tuesday [March 18] to limit services that he said provided unfair advantages to high-frequency traders and undermined confidence in the markets. The stock exchanges allow traders […]
US hedge fund launches continue to surge
Risk.Net – This was not a “huge shift” compared with the last four to five years, according to Steve Nadel, partner and co-head of the firm’s investment management practice and lead author of New Hedge Fund Study. He thinks the popularity […]
Clearing firms fear Wall Street regulator’s data proposal
Reuters – A proposal by Wall Street’s industry-funded watchdog to ramp up oversight of securities brokerages could expose clearing firms to more enforcement actions and lawsuits, lawyers say. The Financial Industry Regulatory Authority has said it wants to review, on […]
USB Launches Equity Hedge Fund & Swiss Distribution System
New York (HedgeCo.Net) – Swiss banking giant UBS is launching an equity-focused hedge fund according to a WSJ report. The new hedge fund will be called Capital and Consulting Services and will be run by Michael Sales, the Global Head of Business […]
Eurekahedge: Hedge Fund Inflows Of $11 Billion Last Month
New York (HedgeCo.Net) – Hedge funds posted their best performance in the last 12 months, up 1.79% with fund managers delivering performance-based gains of $15 billion and recording net asset inflows of $11 billion during the month, the March 2014 […]
Two SAC Capital Traders Jump to Highbridge Capital
DealBook – The hedge fund Highbridge Capital Management just lured away two portfolio managers from Steven A. Cohen’s SAC Capital Advisors to manage money for its stock trading funds. The firm, with $29 billion in management, recently hired Wayne Chambless […]