Author Archives: Editor
Hedge funds drop objection to IBRC’s US bankruptcy move
Irish Times -Two funds linked to US billionaire hedge fund owner Paul Singer have dropped their objection to the former Anglo Irish Bank’s application for bankruptcy protection in the United States. The funds, associated with Mr Singer’s Elliott Management, withdrew […]
$10 billion U.K. hedge fund heads Stateside
CNN – Odey Asset Management, a $10 billion hedge fund based in London, is opening a U.S. office in New York, Fortune has learned. It will be led by new head of U.S. sales Tom Trowbridge, who previously was head of marketing […]
Government Shutdown: Rengan Rajaratnam Hedge Fund Insider Trading Case Delayed
New York (HedgeCo.Net) – The insider-trading lawsuit against Rengan Rajaratnam has been delayed due to the ongoing federal government shutdown. Rengan is the younger brother of the now imprisoned hedge fund billionaire Raj Rajaratnam. Bloomberg reports that the case has […]
Hedge funds score big win bankrolling tax refund case
Reuters – A group of hedge funds looks set to win an eyewatering return after bankrolling the winning party in a court fight over a $373.8 million tax refund in the bankruptcy of Downey Financial Corp. U.S. Bankruptcy Judge Christopher […]
Hedge Fund Elliott Clings to Kabel Stock in Vodafone Buyout
BusinessWeek – Kabel Deutschland Holding AG (KD8) shareholder Elliott Management Corp. is holding out as Vodafone Group Plc (VOD) attempts to convince investors to cash out so it can complete its takeover of the German cable company. Elliott hasn’t reduced […]
Hedge funds score big win bankrolling tax refund case
Reuters – A group of hedge funds looks set to win an eyewatering return after bankrolling the winning party in a court fight over a $373.8 million tax refund in the bankruptcy of Downey Financial Corp. U.S. Bankruptcy Judge Christopher […]
Hedge Funds Gain in Strong Market with Low Net Exposures
“Hedge funds generated solid performance in September as assets rallied on reduced Syrian tensions and assurances that the fed would not be tapering in September.” commented Charles Gradante, Co-Founder of Hennessee Group LLC. “The Hennessee Hedge Fund Index was up […]
Hedge Fund Manager Gets 17 Years In Connection With Petters Ponzi Sheme
New York (HedgeCo.Net) – Hedge fund manager James Nathan Fry of Orono, Minnesota was sentenced to 17½ years in prison on five counts of securities fraud, four counts of wire fraud, and three counts of making a false statement to the SEC. […]
Once-$14bn hedge fund confirms wind down
HITC – FX Concepts, John Taylor’s once-$14 billion, currency-focused hedge fund firm, is shutting down its asset management business. Vice chairman Jonathan Clark confirmed CNBC.com’s report Monday that the firm is liquidating its hedge funds following years of poor performance […]
Meredith Whitney is launching a hedge fund: Sources
CNBC – Analyst Meredith Whitney, who rose to prominence for a prescient call on Citigroup’s mortgage troubles in the lead-up to the financial crisis, is launching a hedge fund, two sources familiar with the matter and regulatory filings said on […]
The future of this once-$14B hedge fund is in doubt
CNBC – FX Concepts, John Taylor’s currency-focused hedge fund firm, which once managed more than $14 billion, may soon shut. One of the 32-year-old firm’s last remaining large institutional investors, the San Francisco Employees’ Retirement System, voted to redeem its […]
The SEC And Hedge Fund Ponzi Schemes
New York (HedgeCo.Net) – Since 2010, the SEC has brought more than 100 enforcement actions against nearly 200 individuals and 250 entities for carrying out Ponzi schemes. More than 65 individuals have been barred from working in the securities industry. […]