Author Archives: Editor
Hedge Fund Has No Plans to Participate in Tender Offer for Celesio
NYT – Elliott Management, the New York-based hedge fund company founded by Paul Singer, reiterated Monday that it had no plans to participate in a tender offer by the McKesson Corporation for the German pharmaceutical wholesaler Celesio unless the deal were sweetened. […]
News in brief: Hedgies clipped as stocks grow faster, Intandem puts the focus on 20 films
London Evening Standard – The hedge fund “masters of the universe” were left trailing by soaring stock markets this year, according to the latest figures from Hedge Fund Research. So far this year, the average hedge fund is up 8.2% […]
GAM Holding : Hedge funds lose out to equities, again
4 Traders – For hedge funds that made money this year there was only one strategy that really mattered – latching onto the stockmarket rally. For everyone else 2013 proved another tough year as big-name funds as varied as global […]
JOBS Act: SEC Proposes Rules to Increase Access to Capital for Smaller Companies
New York (HedgeCo.Net) – The Securities and Exchange Commission voted to propose rules intended to increase access to capital for smaller companies. The SEC’s proposal would build upon Regulation A, which is an existing exemption from registration for small offerings […]
Neuberger Berman Introduces Long Short Multi-Manager Hedge Fund
New York (HedgeCo.Net) – One of the world’s leading employee-owned money managers, announced today the launch of Neuberger Berman Long Short Multi-Manager Fund. “Unlike traditional hedge funds, the Fund provides daily liquidity, lower investment minimums ($1,000 for Class A and […]
Fund manager and blogger accused of fraud
Global News – The British Columbia Securities Commission has accused a hedge fund manager and financial blogger of fraud involving allegedly false claims about Silvercorp Metals Inc. (TSX:SVM). Silvercorp’s shares fell 20 per cent after Jon Richard Carnes published a […]
Congers hedge fund manager pleads guilty in $2.7M investor swindle
Gannet – A Congers hedge fund manager who was accused of defrauding investors out of more than $2.7 million pleaded guilty to four criminal counts Thursday. Stephen Colangelo Jr., who prosecutors said ran a scam that involved misleading investors by […]
Honey Badger Hedge Fund: Hackers Predict Stock Market With Open Source Mojo
Wired – Somewhere, out on the web, there’s a secret Twitter account that’s one hell of a stock picker. So far, the thing has recommended seven stock trades — all to a private group of traders — and each one […]
BlackRock Said to Seek $3 Billion for New Credit Hedge Fund
Bloomberg- BlackRock Inc. (BLK), the world’s biggest money manager, is raising as much as $3 billion for a hedge fund to invest in credit globally, according to two people with knowledge of the pool. The firm began marketing BlackRock Credit […]
Stocks weren’t the best hedge fund strategy in 2013
CNBC – Most of the talk in the hedge fund industry has been around two hot strategies this year. Those executed by stock-focused managers like Jeffrey Altman’s Owl Creek Asset Management and Larry Robbins’ Glenview Capital Management who rode the […]
Man Who Said No to Soros Builds BlueCrest Into Empire
BusinessWeek – When BlueCrest Capital Management LLP founder Michael Platt expanded into stocks this year to compete with Millennium Management LLC and SAC Capital Advisors LLP for traders, he tapped an unusual funding source: his banks. He received a $750 […]
SAC: New York Hedge Fund Honcho May Face Prison Time
New York (HedgeCo.Net) – Michael Steinberg, a former portfolio manager at Steven A. Cohen’s hedge fund, SAC Capital Advisors, has been found guilty of involvement in an insider trading scheme. Manhattan U.S. Attorney Preet Bharara said back in April, “As […]