Author Archives: Editor
Hedge Funds Name Ogier Cayman ‘Top Offshore Law Firm’ for Third Consecutive Year
New York (HedgeCo.Net) – U.S. fund managers participating in the 2013 Hedge Funds Review Service Provider Rankings have ranked Ogier number one among competitors for a third straight year. “We greatly appreciate this latest recognition from the funds industry in […]
Carlyle to buy firm that invests in hedge funds
eFinancial – News – Carlyle Group said it would acquire Diversified Global Asset Management, a Toronto-based investor in hedge funds, as the firm continues to expand from private equity. The deal is valued at $33 million, plus a possible $70 […]
Investor demand drives move to alternative mutual funds
CNBC – As pension funds, endowments and charities clamour for access to hedge fund strategies that are cheap, transparent and liquid, US hedge fund managers are rushing to meet their requests by rolling-out alternative mutual funds. An American version of […]
Hedge funds move in at Co-op Bank after yes vote allows them to take major stakes in the new group
The Co-operative Bank cleared the last major hurdle in its £1.5billion rescue plan on Friday as bondholders voted overwhelmingly to allow hedge funds to take major stakes in the new group. The bank was close to being taken over by […]
Hedge funds looking to spot and ride market trends are hoping for a fresh start
Economist – If something has not worked for five years, most people would conclude that it was broken. Tell that to the geeks managing “quant” hedge funds, who craft elaborate algorithms to profit from market movements. Once money-spinners, their prized […]
Gains for Einhorn and Loeb Could Bode Well for Hedge Funds
Dealbook – Forget about Black Friday. November is looking as if it could be the month that puts many hedge funds solidly in the black for the year, at least based on performance numbers for two notable portfolios. David Einhorn’s […]
Houston Investment Advisors Charged With Hiding Securities Transactions From Clients
New York (HedgeCo.Net) – Two Houston-based investment advisory firms and three executives have been charged by the SEC for engineering thousands of principal transactions through their affiliated brokerage firm without informing their clients. The SEC alleges that investment advisers Parallax […]
Troubled hedge fund sitting on real estate gold
CNBC – Hedge fund manager Steve Cohen has at least one easy way to make up some of the $1.2 billion he recently agreed to pay the government: Cash in on SAC Capital Advisors’ sprawling real estate holdings that stretch […]
Ernst & Young Voted Top Accounting Firm for Hedge Fund Industry
CPA – The “Big Four” accounting and consulting firm Ernst & Young LLP has received two industry honors in the accounting and auditing space. The firm has been named Best Accounting Firm by the HFMWeek 2013 U.S. Hedge Fund Service […]
Facebook becomes hedge fund favorite
Augusta Chronicle – The social network broke into the top-10 stocks that appear most frequently among the largest holdings of hedge funds, according to a Goldman Sachs survey of their third-quarter holdings. Facebook ranked sixth, after not placing in the […]
Goldman Sachs to GLG Open Asia Hedge Funds as Big Is Chic
Bloomberg – Global banks and asset managers are opening hedge funds in Asia for the first time since the 2008 financial crisis, putting pressure on smaller firms that are already struggling to hold onto investors. Goldman Sachs Group Inc., UBS […]
Carlyle to Buy Investor in Hedge Funds
NYT – The Carlyle Group said on Tuesday that it would acquire the Diversified Global Asset Management Corporation, an independent hedge fund manager, the latest push by Carlyle into areas beyond its core leveraged-buyout business. Carlyle will pay $33 million […]