Author Archives: Editor
Is The SAC Indictment The First Shot in a War Against Outsize Hedge Funds?
New York (HedgeCo.Net) – Steve Cohen is getting squeezed from both ends. A federal grand jury just handed down a criminal indictment against Cohen’s hedge fund SAC Capital – on counts of wire fraud and securities fraud conspiracy. This follows […]
Pennsylvania Hedge Fund Manager Pleads Guilty
New York (HedgeCo.Net) – Pennsylvania hedge fund manager Lloyd Barringer pled guilty over the weekend to four counts of fraud: securities fraud, conspiracy to commit securities fraud, mail fraud, and conspiracy to commit mail fraud. The charges stem from his […]
Hedge Funds Raise Gold Bets as Goldman Sees Decline: Commodities
Bloomberg – Hedge funds raised wagers on a gold rally as speculation that the Federal Reserve will hold off on curbing stimulus drove prices toward the biggest gain in 18 months. Goldman Sachs Group Inc. expects the rally to reverse. […]
Herbalife surge costing hedge fund mogul $200 million
NY Post – Hedge fund mogul Bill Ackman likes to say short selling causes “brain damage” — and his $1 billion short on Herbalife is proving a case in point. Herbalife shares have surged in the past two weeks, pushing […]
When dealing with money, check hedge fund’s back office
Money – The lure of high returns that aren’t correlated to other markets has led to an explosion of global hedge fund money, to more than US$2 trillion. Unfortunately, “explosion” also describes a number of hedge funds that literally blew […]
Hedge fund star Narula’s main fund off 10.4 percent in second-quarter
Reuters – Deepak Narula’s main hedge fund, of one last year’s best performers, fell 10.4 percent in the second quarter, its deepest quarterly loss ever, pummeled by fears that interest rates would rise, Narula said in a letter to investors. […]
Ashland looks to sell water treatment unit after hedge fund push
Reuters – Valvoline motor oil maker Ashland Inc said it was considering selling its water technologies unit, but activist investor Jana Partners said the company needs to do more to boost value for shareholders. Ashland’s water treatment business, the third largest […]
Hedge Fund Thief, Renata Shamrakova, Tries Crowdfunding To Avoid Jail
Inquisitir – Renata Shamrakova, who stole nearly $1million in her role as a hedge fund manager’s assistant, has now turned to crowdfunding in an attempt to stay out of prison. The 28-year-old, who was Todd Meister’s assistant, was ordered to […]
SkyBridge Multi-Advisor Hedge Fund Portfolios
Risk.Net – Winner of best diversified fund of hedge funds over one year and FoHF of the year, SkyBridge Multi-Advisor behaves more like a multi-strategy fund with high conviction positions that produce alpha If it walks like a duck and […]
Hedge Funds: From Rock Stars to Fallen Stars?
ABC – Hedge funds were once the rock stars of the financial industry. The smartest people worked for them. The wealthiest gave them their money. They were an easy path to fortune. But if that get-rich-quick narrative was an exaggeration […]
Paloma’s Sussman forecasts growth for hedge fund industry
Risk.Net – Donald Sussman, founder of Paloma Partners, is a pioneer of quantitative investment strategies, and a champion of talented hedge fund managers. The Cuban revolution was the catalyst that launched the financial career of Donald Sussman. As a precocious […]
Not Guilty Plea: SEC vs. Hedge Fund SAC
New York (HedgeCo.Net) – The SEC yesterday charged Steven A. Cohen’s hedge fund SAC Capital Advisors with insider trading ahead of major announcements by technology companies. The firm was charged in federal court in Manhattan with wire fraud and four […]