Author Archives: Editor
Rajat Gupta Fined $13.9 Million In Hedge Fund Insider Trading Conviction
New York (HedgeCo.Net) – Rajat Gupta, a former member of the Board of Directors at Goldman Sachs, has been fined $13.9 million to settle related civil charges of feeding inside information to his friends. He was accused of conspiracy and securities […]
Tourre Trial Hears Witnesses For The Prosecution
New York (HedgeCo.Net) – The SEC in 2010 filed securities fraud charges against Goldman, Sachs & Co. and an employee, Fabrice Tourre, for making material misstatements and omissions in regards to a CDO that contributed to the financial crisis by […]
Blackstone’s Hedge Fund Solutions Business to Launch Alternative Mutual Fund
New York (HedgeCo.Net) – Hedge fund investor and alternatives giant Blackstone is launching a fund that will allow retail clients access to hedge funds. Blackstone Alternative Asset Management (BAAM) is launching the Blackstone Alternative Multi-Manager Fund, its first alternative investment-focused mutual fund […]
NY Times College Sex Story Inspires Hedge Fund Manager To Offer Biting Dating Advice
Gothamist – We live in a world of consequences: if enough people can’t stop talking about Sharknado on Twitter, we get Sharknado 2: NYC Boogaloo immediately greenlit. And if the NY Times is going to continue to publish 4,800 word […]
Hedge Fund Titans Share Their “New Best Idea” For Investing
BuzzFeed – Australian trains, European autos, U.S. drugs, and Japanese robots. That’s what some of the hedge fund industry’s heaviest hitters offered up as their new big ideas at the CNBC/Institutional Investor “Delivering Alpha” conference Wednesday at the Pierre hotel […]
Hedge Funds Have First Amendment Rights Too! Says Hoenig
Yahoo – Last week the SEC lifted an 80 year-old ban forbidding hedge funds from advertising to the general public. Under the terms of the new rule, funds will still only be allowed to accept money from so-called qualified investors […]
Commodity hedge funds suffer longest losing streak on record
Reuters – Funds betting on commodity price moves have lost money every month since January, their joint longest losing streak on record, raising more doubts about their ability to make money at a time when the commodity “supercycle” may be […]
Barclays, Traders Fined $487.9 Million by U.S. Regulator
Bloomberg – Barclays PLC and four former traders were ordered to pay a combined $487.9 million in fines and penalties by the U.S. Federal Energy Regulatory Commission for engaging in what the agency said was a scheme to manipulate energy […]
Sunofia to launch market neutral strategy
Sunofia Capital Management, LLC, a global asset management firm specializing in systematic strategies, today announced plans to launch a market neutral strategy. The strategy will initially invest in European and Japanese liquid equities and will subsequently add liquid North American […]
Hedge Fund Giant Investcorp Seeds NY Asset Manager Kortright
New York (HedgeCo.Net) – Investcorp’s hedge fund business has agreed to seed NY based investment manager Kortright Capital Partners LP. Kortright is the newest asset manager to join Investcorp’s Single Manager Platform, which has a total of $2 billion in client and proprietary assets under […]
Hedge Fund Trading Changes to Withstand Greater Scrutiny and Tougher Markets, Says TABB
Herald Online – According to the eighth annual benchmark study from TABB Group, “US Hedge Fund Equity Trading 2013: Better Practices for the Age of Transparency,” regulatory scrutiny by the SEC and the brutal dogfight for scarce alpha are pushing […]
Bridgewater’s McCormick says hedge fund is long U.S. Treasuries
Reuters – Blackstone Group LP, one of the world’s biggest hedge fund investors, is now giving retail clients a taste of these normally exclusive portfolios through a new mutual fund. The Blackstone Alternative Multi-Manager Fund (BXMXX) will be run by […]