Author Archives: Editor
Former Hedgie/Madam Arrested For Selling Drugs
New York (HedgeCo.Net) – Now for some weird news: Preet Bharara announced the arrest of Kristen Davis, a former hedge fund administrator who spent four months in prison for running a prostitution ring. She is also running against Eliot Spitzer as a […]
U.S. SEC Won’t Move Against Magnetar Over Mortgages
Reuters – The U.S. securities regulator has decided not to file civil charges against hedge fund firm Magnetar Capital LLC over its role in helping create mortgage securities that lost value during the financial crisis, the Wall Street Journal reported. […]
Winton escalates computer-driven hedge fund arms race
TradeArabia – Winton Capital, one of the world’s biggest hedge fund firms, has developed a new model of its flagship fund, hoping its greater allocation to equities and risk will produce better returns in a sector struggling to make money. […]
Hedge Funds Gain 0.6% in July as Stocks Rally on Bernanke
Bloomberg – Hedge funds returned an average 0.6 percent in July as global stocks rallied following assurances from Federal Reserve Chairman Ben Bernanke that the central bank won’t withdraw its monetary stimulus prematurely. Macro and multistrategy funds fell in July and long-short equity […]
Citadel among hedge funds open to hiring SAC alumni
Stamford Advocate – Four days after the U.S. government indicted SAC Capital Advisors, describing it as a “veritable magnet for market cheaters,” founder Steven A. Cohen, of Greenwich, walked around the firm’s Manhattan offices on Madison Avenue and spoke with employees, telling […]
Open-government groups challenge Raimondo on hedge-fund information
Providence Journal – In a letter released Thursday, four open-government groups have voiced concerns to Rhode Island treasurer Gina M. Raimondo for withholding hedge-fund records from The Providence Journal. The groups – Common Cause Rhode Island, the state’s chapter of […]
Palladium Shortages Spur Bullish Hedge-Fund Wagers: Commodities
BusinessWeek – At a time when gold and silver are tumbling the most in three decades, hedge funds are holding a near-record bullish bet on palladium as forecasters from Morgan Stanley to Credit Suisse Group AG predict years of shortages. […]
Hochfeld Hedge Fund Adviser Jailed
New York (HedgeCo.Net) – Hedge fund manager and adviser Berton Hochfeld was sentenced this week to two years in prison for defrauding investors out of more than $1 million. Hochfeld pled guilty in January to securities fraud and wires fraud […]
Hedge Fund Manager Targeting Veterans Charged BY SEC
New York (HedgeCo.Net) – A 26 year old hedge fund manager has been charged by the SEC for targeting veterans and military personnel as investors in a hedge fund Ponzi scheme, raising approximately $1.78 million from 24 investors. “Cohn lured investors through […]
Winton escalates computer-driven hedge fund arms race
Reuters – Winton Capital, one of the world’s biggest hedge fund firms, has developed a new model of its flagship fund, hoping its greater allocation to equities and risk will produce better returns in a sector struggling to make money. […]
The Top 25 Hedge Fund Managers Earn More Than All the 500 Top CEOs Together
Forbes – The best chance of becoming Super Rich is to be one of the highest paid hedge fund masters of the universe. In 2010 the top 25 hedge fund managers combined earned roughly 4 times as much ALL 500 […]