Author Archives: Editor
PERSEUS LAUNCHES PRECISION TIME SERVICE IN CME GROUP’S AURORA DATA CENTER
Perseus Telecom and CME Group, the world’s leading and most diverse derivatives marketplace, today announced a new service offering called High Precision Time™. This enables customers to synchronize their time systems across a multitude of data centers where Perseus offers this […]
Citigroup fined $30 million after analyst sent report to SAC, others
Reuters – Citigroup Inc will pay a $30 million fine after one of its analysts improperly sent confidential research on an Apple supplier to big clients including Steven A. Cohen’s hedge fund SAC Capital Advisors, a securities regulator said on […]
Custom House Global Fund Services Opens New York Office
New York (HedgeCo.Net) – Hedge fund service provider Custom House Global Fund Services, has opened a New York office and expanded their business development team in anticipation of growth in the region. Custom House now has seven global locations, over […]
Government Shutdown Impact on Hedge Funds
Forbes – The impact of the October 1 shutdown of the federal government on hedge funds is now playing out in slow motion. While the SEC remains open due to its ability to self-fund for a few weeks, its sister agency, the […]
SS&C Acquires Prime Management Limited
New York (HedgeCo.Net) – Hedge fund tech provider SS&C Technologies Holdings has acquired Prime Management Limited, a fund administrator and a service provider to investment structures, sponsors and managers in the insurance linked securities (ILS) market. Prime currently services 25 […]
UBS O’Connor Said to Open First Asia Hedge Fund to Investors
Bloomberg – UBS O’Connor, the UBS AG (UBSN) unit with $5.2 billion of assets, plans to open its first Asia-focused hedge fund to investors later this year, said two people with knowledge of the matter. The fund, which started trading in August […]
Mutual Funds Are Crushing Hedge Funds This Year
Business Insider – Via Goldman Sachs chief U.S. equity strategist David Kostin: “Large-cap core mutual funds have slightly outperformed the S&P 500 year-to-date, returning 20.4% vs. the market at 19.8%. Hedge funds have continued to lag returning only 3.5%; however […]
Investors turn their backs on “robot” hedge funds
Reuters – Investors in the $330 billion computer-driven hedge fund sector are pulling out money for the first time since 2008, data showed on Wednesday, signalling the possible start of a bigger exit from the industry. These so-called CTAs (commodity […]
California hedge fund Miami dreamin’
Miami Today – A California hedge fund using the secretive alias Confidential Project: Ludwig is looking at moving its base to Coconut Grove, bringing 25 jobs averaging $100,000 salary. But the company is also considering Houston and Austin, TX, and […]
General Motors Pays Out $50 Million To Hedge Funds
New York (HedgeCo.Net) In a bid to finally end litigation going back to 2009, General Motors has agreed to pay out $50 million to hedge funds that believe they were wronged in a 2009 deal with regards to the company’s […]
Crowdfunding? Count hedge funds in on it, too
BizJournals – We’ve heard plenty about how new Securities and Exchange Commission rules allow startups to advertise that they’re raising money. But the rules, put in place last week, open up fundraising further than that. They also allow hedge funds, private equity […]
W.V. Adds $30 Million To Hedge Funds
FIN – West Virginia’s public-pension manager has increased its investment with four hedge funds. The West Virginia Investment Management Board gave $30 million to four existing managers. Carlson Capital’s Double Black Diamond fund and Pine River Capital Management’s eponymous fund […]