Author Archives: Editor
Crispin Odey on Recovery, Regulation and Skin in the Game
WSJ – Crispin Odey, probably the only hedge fund manager who’s had a sausage named after him, knows a thing or two about navigating uncertain markets. The founder of $9.7bn hedge fund Odey Asset Management, he is known for his passion for politics […]
Hedgebay launches electronic settlement service for the hedge fund secondary market
Hedgebay Trading Corporation, a pioneer of the secondary hedge fund market, has launched a first of its kind electronic settlement service for the hedge fund secondary market. The new electronic functionality will be available on Hedgebay’s website and will assist […]
Elliott to Pay More Than $1 Billion for Lehman U.K. Claim
NASDAQ – Paul Singer’s hedge fund Elliott Management has agreed to pay GBP650 million($1.05 billion) to the corporate parent of Lehman Brothers International (Europe), the U.K arm of the collapsed investment bank, in exchange for the parent company’s multibillion dollar […]
SAC Says Three Portfolio Managers Left Hedge Fund Firm in London
BusinessWeek – SAC Capital Advisors LP, the $14 billion hedge-fund firm founded by Steven A. Cohen, said three portfolio managers in London left last month. Woei Chan, Alidod Shirinbekov and Paul Crouch departed on Sept. 26, according to filings at […]
Investor Funds: Whistleblower Awarded More Than $14 Million By SEC
New York (HedgeCo.Net) – The SEC has awarded more than $14 million to a whistleblower whose information led to enforcement action that recovered substantial investor funds. The award is the largest made by the SEC’s whistleblower program to date. Payments to […]
Hedge Fund Regulation May Slow Over Government Shutdown
New York (HedgeCo.Net) – The U.S. Federal Government has been shut down for the first time in 17 years. Reuters reports that: “A shutdown would not mean a financial free-for-all.” It does however, mean that there are less people in place […]
SEC Charges South Florida Woman Behind Ponzi Scheme
New York (HedgeCo.Net) – The SEC charged a woman living in South Florida with defrauding investors in a Ponzi scheme and affinity fraud that targeted the local Colombian-American community and involved purported investments in immigration bail bonds. The SEC alleges […]
100% of Hedgeopolis New York Profits To Go To Charity
Hedge fund advisor Agecroft Partners has said that it will donate 100% of its share of the profits generated from the 2013 Hedgeopolis in New York this year to a Charitable Trust that will make contributions to various nonprofit organizations […]
Mission-based hedge fund firm opening
P&I – Bruce S. MacDonald is forming Crayna Capital, a mission-based hedge fund-of-funds manager and investment consulting firm. Crayna opens Tuesday and will introduce a commingled mission-based hedge fund in the first quarter of 2014, Mr. MacDonald said. In addition […]
Australian regulator says hedge funds do not pose systemic risk to financial system
Opalesque – Australian hedge funds do not currently pose a systemic risk to the local financial system, an ASIC report claimed and added that the country’s hedge fund industry manages only a small share of Australia’s $2.1tln managed funds industry with more than […]
GLG’s White drops hedge funds to work directly with Man Group’s Manny Roman
Risk.net – GLG’s John White has moved from managing equity hedge funds to work closely with Man chief executive Manny Roman. His existing hedge funds have been handed over to others within GLG to run GLG equities hedge fund manager […]
Sussman named to Hedge Fund Hall of Fame
Portland Press – S. Donald Sussman, a longtime hedge fund investor through his Greenwich-Conn.-based firm Paloma Partners, has distinguished himself as an elite investor not just for being successful. He also was one of the early pioneers of the industry […]