Author Archives: Editor
Hedge Fund Advertising: SEC Votes On Crowdfunding Exemption Proposals
New York (HedgeCo.Net) – The SEC has announced that today it will finally vote on the newly proposed crowdfunding legislation that allows a wider pool of small investors fewer restrictions when it comes to buying up modest amounts of equity in […]
Hedge Funds Revealing Puerto Rico Too Cheap to Fail
BusinessWeek – Hedge funds such as Maglan Capital LP and MeehanCombs LP are helping fuel a rally in Puerto Rico debt, signaling that investors who have the most appetite for risk expect the worst may be over for the commonwealth’s […]
Here’s What a Hedge Fund Profit-And-Loss Statement Looks Like
Gawker – Hedge funds are privately controlled and notoriously secretive investment firms with billions of dollars in assets. Here’s a document listing all of the income, salaries, and spending for one hedge fund over several years. This document, provided to […]
SAC Plans to Shut London Unit, Fires Six U.S. Money Managers
Bloomberg – SAC Capital Advisors LP plans to shut its London office as the $14 billion hedge-fund firm founded by Steven A. Cohen scales back in the face of insider-trading allegations by U.S. prosecutors. SAC, based in Stamford, Connecticut, will […]
U.S. CFTC may drop anti-speculation rule appeal
Reuters – The U.S. derivatives regulator is considering dropping its appeal to defend a rule that would severely limit Wall Street’s ability to speculate with commodities, a senior official at the agency said on Tuesday [Oct. 22]. The Commodity Futures […]
Steven Cohen’s Hedge Fund Deal Nears Resolution
New York (HedgeCo.Net) – CBS News reports that according to an anonymous source, SAC Capital has “reached a tentative deal with federal prosecutors to settle the case and pay more than $1 billion in fines and forfeitures.” Although the deal […]
State Street Reports Third-Quarter 2013 GAAP-Basis EPS of $1.17 on Revenue of $2.43 Billion
In announcing third-quarter 2013 financial results, Joseph L. Hooley, State Street’s chairman, president and chief executive officer, said, “Our results reflect the strength of our core business with operating-basis fee revenue up 9% from the third quarter of 2012, in […]
SYZ & CO targets Chilean & LatAm pension funds with OYSTER funds range
The Swiss banking group SYZ & CO is moving into the Latin-American institutional markets with the registration in Chile of the OYSTER European Opportunities fund. The clientele being targeted is mainly local pension funds, a fast-developing category of investors in […]
Highbridge Said to Seek $250 Million for New Asia Hedge Fund
Bloomberg – Highbridge Capital Management LLC, the JPMorgan Chase & Co. unit that manages about $31 billion, is starting an Asia hedge fund, returning to the market more than two years after shutting a predecessor fund. Highbridge plans to raise about $250 […]
Argentina sics ex-solicitor general on hedge fund
NYP – Former Solicitor General Paul Clement has been hired by Argentina to press its case against Paul Singer’s Elliott Management, according to Argentine press reports. Earlier this month, the US Supreme Court denied Argentina’s first request to review an […]
Officials worried as hedge fund now largest landlord in Huber Heights
Dayton Business Journal – City officials in Huber Heights are expressing concern after a New York hedge fund bought 1,900 rental properties earlier this year, according to Bloomberg. Magnetar Capital LLC, a $9 billion hedge fund, acquired the properties in […]
Guy Fieri Paid $100,000 by Hedge Fund Billionaire to Be “Friend for a Day”
E Online – Either this guy must really like Guy’s American Kitchen and Bar or he wanted some tips on Minute to Win It. A hedge fund billionaire plunked down $100,000 to be Guy Fieri’s “friend for a day,” per […]