Author Archives: Editor

Hedge Fund Governance And SEC Enforcement Proceedings

Bloomberg Law – Steve Cohen, Raj Rajaratnam, and numerous lesser known hedge fund managers have been charged or otherwise implicated in civil enforcement proceedings commenced by the Securities and Exchange Commission (the “SEC”) over the past few years, alleging misuse […]

Citi Survey: Hedge Funds That Invest in People Management Make More Money

New York (HedgeCo.Net) – Hedge funds that invest in people management register higher average investment returns than their peers, according to a new survey from Citi Prime Finance. Citi interviewed a group of 24 hedge funds, each with at least $500 […]

Magnetar Goes Long Ohio Town While Shorting Its Tax Base

Bloomberg – Thousands of brick houses line the streets of Huber Heights, a leafy suburb of Dayton, Ohio, named for the builder who developed it in the 1950s and nurtured its growth. Until this year, his family was the town’s […]

SEC Charges Manager Of CDO With Favoring Hedge Fund Magnetar Over Debt Investors

New York (HedgeCo.Net) – A NJ-based investment advisory firm and its owner have been charged by the SEC for “misleading investors in a collateralized debt obligation (CDO) and breaching their fiduciary duties in order to accommodate trades requested by a third-party hedge fund […]

Hedge Fund Giant Man Reports FUM Of $52.5 billion

New York (HedgeCo.Net) – Man announced in its interim management statement for the quarter ended 30 September 2013, that its funds under management (FUM) at 30 September 2013 has reached $52.5 billion with net inflows of $0.7 billion. “The net […]

Investors resist hedge fund exodus despite U.S. debt worries: SS&C GlobeOp

Reuters – Requests to pull money out of hedge funds dropped by a fifth in October as investors shrugged off fears that U.S. politicians might fail to end a stalemate on how to tackle a ballooning debt crisis, data on […]

Gravitas Named “Best Outsourced Technology Infrastructure Provider” By US Hedge Fund Services Awards

Gravitas, a co-sourcing platform providing cloud technology, collaborative outsourcing, risk analytics, research support and middle office services to the alternative investment industry has been named “Best Outsourced Technology Infrastructure Provider” in HFMWeek’s prestigious annual US Hedge Fund Services Awards. “The […]

SAC Trader Lia Forcina Said to Leave Hedge Fund for BlueCrest

Bloomberg – Lia Forcina, who managed more than $700 million at SAC Capital Advisors LP, has left the hedge-fund firm for BlueCrest Capital Management LLP, according to three people with knowledge of the matter. Forcina, 39, agreed to join BlueCrest […]

Former Shanghai Ghetto District Moves To Turn Itself Into China’s Hedge Fund Hub

Forbes – Shanghai’s Hongkou district was home before the country’s Communist revolution to thousands of often stateless immigrants fleeing Hitler that lived in what was called the Jewish ghetto. Landmark pre-war buildings in the area such as Broadway Mansions and […]

Hedge funds circle troubled Co-op bank

The Independent – Retail and hedge fund holders of Co-operative Bank’s £1.3 billion of bonds have forced it to change its recapitalisation plan, potentially wresting control from the parent Co-op Group. This is a major climbdown by the group’s new […]

Survey: Hedge Fund Managers Are Investing In Compliance

New York (HedgeCo.Net) – Hedge fund managers are making significant investments in their firms’ infrastructure to comply with new regulatory requirements, according to a new global survey. The average spend on compliance was at least $700,000 for small fund managers, $6 […]

Custom House Launches Gateway for US Hedge Fund Sector

Hedge fund service provider, Custom House Global Fund Services, has announced the official launch of Custom House Gateway, a web based portal that connects fund servicing with solutions across the middle and back office, designed specifically for US alternative investment […]