Author Archives: Editor
Hedge funds turn to satellite software
FM – The stakes are high these days when it comes to due diligence by alternative investment vehicles. If they are going to take a massive stake in a company, they have every right to a thorough review of all […]
Citi: $30 Million Fine for Alledgedly Leaking to Hedge Funds
New York (HedgeCo.Net) – NY prosecutors have extracted a $30 million penalty from Citigroup for maintaining an alleged illegal message thoroughfare with insider traders. “We are pleased to have this matter resolved. We take our regulatory compliance requirements very seriously and train […]
Hedge Fund Managed by Star Opens to Institutions
WSJ – A star mutual-fund manager is opening up his nascent hedge fund to institutional investors. Bruce Berkowitz, the 55-year-old president of Fairholme Capital Management LLC, launched the fund on Jan. 1 and it has grown to $140 million, largely […]
U.S. hedge funds investing heavily in Greek banks
Reuters – Hedge fund billionaire John Paulson’s Paulson & Co and a number of other U.S. hedge funds are investing aggressively into Greece’s struggling banking sector expecting it to turn a corner, the Financial Times reported on Sunday. The FT […]
Hedge funds facing shake-up in wake of Madoff scandal
Independent IE – The Irish fund administration sector is set for a major shake-up as hedge funds adapt to the post-crisis, post-Madoff era, according to new research. The study by State Street surveyed 400 hedge fund managers in North America, […]
Hedge Fund Canosa Said to Double Assets in Five Months’ Trading
Bloomberg – Canosa Capital LLP, the hedge-fund manager started by two former Rubicon Fund Management LLP executives, more than doubled assets under management since trading began May 1, said two people with knowledge of the fund. Canosa, founded by Tim […]
Gold Befuddles Bernanke as Central Banks’ Losses at $545 Billion
Bloomberg – Ben S. Bernanke, the world’s most-powerful central banker, says he doesn’t understand gold prices. If his peers had paid attention, they might have stopped expanding reserves that lost $545 billion in value since bullion peaked in 2011. Bernanke, […]
Global Hedge Fund Assets Near $2.35 Trillion as Big Firms Drive Growth
The growth in global hedge fund assets continued to accelerate during the first half of 2013 on the back of robust fund performance across the industry and new inflows from investors worldwide, according to the latest research from leading global industry information […]
8 Hedge Funds File For Advertising Exemption
New York (HedgeCo.Net) – Since Obama’s Jumpstart Our Business Startups Act (JOBs Act), the ban on hedge fund advertising has been lifted. The JOBS Act became law in March 2012 and made the initial recommendation to allow “general solicitation” for […]
Three London-based fund managers leave Cohen’s SAC Capital
Reuters – Three portfolio managers who worked for Steven A. Cohen’s SAC Capital Advisors in London have left the hedge fund, which is currently fighting criminal insider trading charges. Alidod Shirinbekov, Woei Chan and Paul Crouch no longer work at […]
Despite shutdown, regulations and tax changes roll on in the US and EU
Opalesque – Hedge fund managers, advisors, and attorneys will have a busy fourth quarter but not as much of that work will go into trading as you might think. New regulations and proposed tax changes going into effect on January […]
Gibraltar Funds On The Rise
TaxNews – The number of funds in Gibraltar increased from 20 in 2006 to 215 in 2012, according to the Financial Services Commission. The total value of assets administered in Gibraltar grew from GBP214m (USD346m) to GBP3.48bn over the same period. […]