Author Archives: Editor
Icahn accuses eBay board members of conflicts of interest
HedgeWorld – Billionaire investor Carl Icahn accused eBay Inc. Chief Executive John Donahoe of failing to spot – or ignoring – conflicts of interest on the company’s board and called again for the spinoff of its fast-growing PayPal payments business. Icahn, who […]
Deutsche Bank: Hedge Funds To Reach $3 Trillion In 2014
New York (HedgeCo.Net) – Hedge funds are expected to reach a record breaking $3 trillion by year-end 2014, up from $2.6 trillion in 2013, Deutsche Bank reports. The 12th annual Alternative Investor Survey is is based on investors’ predictions of $171 billion […]
Credit Suisse To Pay $196 Million In Fines
New York (HedgeCo.Net) – International banking firm Credit Suisse has agreed to pay $196 million and admitted to violating federal securities laws by providing cross-border brokerage and investment advisory services to U.S. clients without first registering with the SEC. Credit Suisse […]
Dymon, Ex-SAC Manager Vine Plan $500 Million Global Hedge Fund
Bloomberg – Dymon Asia Capital (Singapore) Pte is joining with Carl Vine, a former SAC Capital Advisors manager, to start a global equity long-short hedge fund with a bias toward the Asia-Pacific region. The Port Meadow fund will be run by an investment team […]
U.S. SEC reviewing if some high-speed traders should register
Reuters – U.S. securities regulators are studying whether more proprietary high-speed trading firms should register as broker-dealers, which would subject them to greater oversight, a U.S. Securities and Exchange Commission official said on Friday [Feb. 21]. Speaking at the Practicing […]
SS&C GlobeOp Forward Redemption Indicator: February notifications 3.38%
The SS&C GlobeOp Forward Redemption Indicator for February 2014 measured 3.38%, up from 2.67% in January. “Redemption requests increased slightly for the month, but remain consistent with the February historical averages, ” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. The […]
Hedge-Fund Billionaires Invest in Politics from Two Perspectives
PNS – Two hedge-fund billionaires with opposite political leanings have just organized themselves and their wealthy friends to inject more than $100 million into this year’s electoral campaigns. Their efforts continue the pattern made possible by judicial rulings that have […]
Madoff victim fund receives over 9,000 claims, extends deadline
Reuters – More than 9,000 claims from people who say they were defrauded by Bernard Madoff have been submitted to a $4.05 billion fund set up by the U.S. government, and victims of the swindler’s Ponzi scheme were given two […]
Hedge Fund Manager Research Is Paramount Says Northern Trust Director
New York (HedgeCo.Net) – Hedge funds trailed the S&P 500 in 2013, the fifth year in a row. Yet, while hedge funds returned an average 7.4% last year, some investors saw double-digit returns from their hedge fund managers. According to […]
Hedge Fund Dad Founds Company To Save His Son
New York (HedgeCo.Net) – A former hedge fund banker at JPMorgan has founded a biotechnology company after discovering that his son suffered from Duchenne muscular dystrophy (DMD). Ilan Ganot left his hedge fund career behind him and moved to Boston to peruse a […]
At trial, ex-Madoff aide Bonventre denies he knew of fraud
HedgeWorld – Only minutes into the prosecution’s questioning of former Bernard Madoff aide Daniel Bonventre at trial on Wednesday [Feb. 19], it was clear he was in for a long day. Assistant U.S. Attorney Randall Jackson asked Bonventre repeatedly whether […]
Mark Cuban to SEC: Go after high-speed trading, not insider trading
Reuters – Dallas Mavericks owner and prominent investor Mark Cuban is never shy about criticizing the U.S. Securities and Exchange Commission and its failure to prevail in its high-profile insider-trading case against him last fall. As it turns out, he […]