Author Archives: Editor
The SEC’s 2014 Hedge Fund Examination Priorities
New York (HedgeCo.Net) – The SEC has published its 2014 NEP examination priorities for hedge funds, private equity funds, investment advisers and other self-regulated organizations. Priorities specific to hedge funds: Annual exams mandated by the Dodd-Frank Act; The NEP will continue its […]
Senate to quiz U.S. regulators on Wall Street commodity bets
Reuters – A Senate panel will hold a hearing next week to question financial regulators over Wall Street’s role in physical commodity markets, drawing fresh attention to a controversy over the possible risks posed by the involvement of the largest […]
The World’s Biggest Hedge Fund Had a Pretty Bad Year
New York Magazine – Ray Dalio, the billionaire founder of hedge-fund behemoth Bridgewater Associates, had a great 2013 in terms of making YouTube videos and pissing off boaters in Connecticut. But investing? Not so hot. Bridgewater, which is known on […]
Billionaire Paul Singer’s Hedge Fund Accepts McKesson’s Higher Bid For Celesio, Reaches Deal With Compuware
Forbes – Billionaire New York hedge fund manager Paul Singer is known for conducting a long financial battle against Argentina and making political contributions to Republican causes. But at his core he is an activist hedge fund manager and he is making […]
SAC’s Martoma tried to cover up fraud at Harvard, documents show
Reuters – Years before he was accused of insider trading, former SAC Capital Advisors portfolio manager Mathew Martoma forged a Harvard transcript, falsified an email, and created a dummy forensic computing company to try to cover his tracks, according to […]
Hymowitz Wins $600 Million to Back Activists From Ubben to Peltz
Business Week – Hymowitz, the money manager who began backing activists such as Carl Icahn and Warren Lichtenstein more than a decade ago, is seeking to capitalize on a wave of hedge funds now pushing for changes at companies from Apple […]
JP Morgan Pays $1.7 Billion To Put Off Fraud Charges
New York (HedgeCo.net) – In as settlement that defers criminal charges against JP Morgan until 2016, a US Judge has agreed to settle for a fine of $1.7 billion, Reuters reports. JP Morgan was being charged by the prosecution for […]
Alternatives Reality: What to Expect from Future Allocations
Commonfund today announced the release of the white paper, “Alternatives Reality: What to Expect from Future Allocations” by Verne O. Sedlacek, President and CEO, Commonfund. The paper explains why alternative strategies, especially private equity, venture capital and hedge funds, have […]
Goldman Sachs Hedge Fund Trader Denied New Trial, SEC Wants Money Transfer To US
New York (HedgeCo.Net) – Fabrice Tourre, the former Goldman Sachs hedge fund trader with the nickname “Fabulous Fab” has been denied a new trial by Judge Katherine Forrest in Manhattan. Tourre was found liable for fraud by a jury in Manhattan on six of […]
Activists trump most rival hedge funds with double-digit returns
Reuters – Activist investors, known for pushing corporations to perform better, recorded some of the best returns in 2013 when many rival hedge funds delivered only lackluster gains and failed to keep pace with the U.S. stock market’s rally. On […]
US hedge fund industry pushing derivatives regulator to lift ad ban
Reuters – The U.S. hedge fund industry is making a fresh lobbying push to convince the federal derivatives regulator to remove a hurdle that could prevent private funds from advertising to new investors through television, the Internet or other channels. […]
Riverbed on Elliott proposal: We’ll think about it
CNBC – Riverbed Technology, the enterprise tech company that Elliott Management offered to buy Wednesday for $19 a share, wants more time to think. “Riverbed’s Board will review the offer and communicate its views in due course,” Riverbed said in […]