Author Archives: Editor
SEC Charges Former Oppenheimer Private Equity Fund Manager with Misleading Investors
New York (HedgeCo.Net) – Another former hedge fund manager is being targeted by regulators for misleading clients. The SEC has charged a former portfolio manager at Oppenheimer & Co. with misleading investors about the valuation and performance of a fund […]
Rich hedge fund manager to pay wealth ‘tax’ on basement extension
Telegraph – The founder of Polygon Investment Partners is seeking to build underneath two adjacent Ladbroke Grove homes to house two underground swimming pools, a games and cinema room, and a spa and treatment area. Continuing the recent craze of […]
Millennium duo plans record $1.4 billion Asia hedge fund – sources
Chicago Tribune – Two top executives of Millennium Management LLC are preparing to start a $1.4 billion hedge fund in Asia, people familiar with the matter told Reuters, in what would be the region’s largest such fund launch. The Millennium […]
Justice Department Planning New Action against Financial Firms: Report
Reuters – U.S. Attorney General Eric Holder is preparing to announce new cases related to the economic meltdown in the coming months as the Justice Department nears decisions on a number of probes involving large financial firms, The Wall Street […]
Hedge Funder Buddy Fletcher Is Selling His Connecticut ‘Castle’ For $8.85 Million
Business Insider – Hedge fund manager Alphonse “Buddy” Fletcher, Jr., who was featured in the book “Stock Market Wizards,” is selling his Connecticut “castle”for $8.85 million, Curbed reports. Fletcher purchased the 17-room Cornwall, Connecticut estate for $5.9 million, according to Vanity Fair article. Read […]
UCITS HFS Index starts positively into second half of the year, up 0.69% in July 2013
The UCITS HFS Index bounces back after losses taken in June with a performance of 0.69% in July 2013. The broad index started negatively into the month with a negative result of -0.24% in week one. Things turned around though […]
Jane Jarcho Named Head of SEC’s Hedge Fund Regulatory Program
New York (HedgeCo.Net) – SEC veteran Jane E. Jarcho has been named the National Associate Director of the Investment Adviser/Investment Company examination program in the Office of Compliance Inspections and Examinations (OCIE). She will oversee a staff of approximately 450 […]
Hedge Fund Women Supply 10,000 Fully-supplied Back To School Backpacks For Children In Need
New York (HedgeCo.Net) – High Water Women, a charitable organization founded in 2005 by senior women in the hedge fund industry have delivered a record 10,000 fully-supplied backpacks to tri-state area children in need. The drive raised more than $170,000, allowing […]
GoldenTree Hires James Clark
GoldenTree Asset Management LP, an investment firm that manages alternative and traditional asset strategies for sophisticated institutional and high net-worth investors, today announced the hire of James Clarke as Managing Director – Business Development. Mr. Clarke is based at GoldenTree’s New […]
Sovereign funds’ fortunes turn as emerging assets sour
Reuters – The world’s biggest sovereign wealth funds may see their bumper profits of 2012 diminish this year as recent diversification into high-growth emerging markets starts to produce disappointing returns. Their long-term horizon may allow many sovereign funds, which globally […]
J.P. Morgan Hires UBS’s Senior Prime Broker in Asia
WSJ – J.P. Morgan Chase & Co. has named a new head of prime brokerage account management for Asia Pacific, as investment banks jostle to win business in the region’s growing hedge-fund industry. Chris Barber, who joins the U.S. bank […]
SS&C GlobeOp Forward Redemption Indicator: August notifications 4.00%
The SS&C GlobeOp Forward Redemption Indicator for August 2013 measured 4.00%, up from 2.71% in July. “August redemption requests increased from July by over 1%, but remain moderate and in-line with past averages,” said Bill Stone, Chairman and Chief Executive […]