Author Archives: Editor
Rengan Rajaratnam Hedge Fund Insider Trading Case Delayed
New York (HedgeCo.Net) – The insider-trading lawsuit against Rengan Rajaratnam has been delayed for six months while his lawyer works on a separate criminal case. Rengan is the younger brother of the now imprisoned hedge fund billionaire Raj Rajaratnam. “We […]
BNY Mellon Named Best Large Hedge Fund Administrator
BNY Mellon, the global leader in investment management and investment services, has been named ‘Best administrator over $30bn – single manager’ for the second year running at the HFMWeek European Hedge Fund Services Awards, presented in London on April 25. BNY Mellon was one of six industry-leading […]
Hedge fund trial to raise pressure on UK fraud prosecutor
Reuters – Britain’s top fraud prosecutor is likely to face serious criticism over its handling of an investigation into the $600 million collapse of one of London’s oldest hedge funds, a judge said on Tuesday. Already smarting from a 300 […]
Hedge funds bet against Chipotle
CNN – Hedge fund managers might like Chipotle’s burritos, but some are betting against the company’s stock. Last October, Greenlight Capital’s David Einhorn revealed a bet against Chipotle Mexican Grill (CMG). On Wednesday, bond fund manager Jeffrey Gundlach joined him in […]
Hedge Fund Billionaire Paulson Glosses Over His Losses
CNBC – Days after reporting some of the industry’s deepest losses, hedge fund billionaire John Paulson said investors should stick with managers for the long term and reminded a conference audience that he had made billions in the past. People […]
The Anti-Ackman Effect: Herbalife Surges Then Plunges As Hedge Fund Billie Omits It From Ira Sohn Speech
As Bill Ackman took the stage on Wednesday at the Ira Sohn Conference in New York, the audience erupted in applause expecting to hear one of the day’s best ideas. Instead, they spent their time checking emails as the chief […]
The Things You See at a Las Vegas Hedge Fund Confab
NY Magazine – At the Bellagio in Las Vegas today, there are some pretend gamblers — people betting tiny sums on hands of blackjack and poker and plugging nickels into slot machines. And then, in the conference center just off […]
Congress Testimony ‘Slowed Us’: Hedge Fund Pro
CNBC – Being called to testify before the U.S. Congress did little to help him lure clients, said Tilden Park Capital Management CIO Josh Birnbaum, whose hedge fund nonetheless managed to top the industry in 2012. Asked whether his testimony […]
Chicago’s 11th Hedge Funds Care Features Prohibition Era Theme
New York (HedgeCo.Net) – Hedge Funds Care’s 2013 Open Your Heart to the Children Benefit (preventing and treating child abuse) is reaching out to the finance industry’s younger crowd with a prohibition era themed nightclub venue and after-party. The Kelly Lively […]
Hedge Funds Up 4% Globally
New York (HedgeCo.Net) – Hedge funds posted positive returns in April as most markets trended upwards during the month according to the Eurekahedge Hedge Fund Index which was up 1.09% during the month, while the MSCI World Index gained 2.02% in April. […]
Hedge Fund People: Jason Fisher Joins PineBridge As Senior Vice President,
PineBridge Investments (“PineBridge”), the global multi-asset class investment manager, today announced that Jason Fisher joined the firm as Senior Vice President, Head of Consultant Relations for the Americas and Europe. Mr. Fisher will work closely with PineBridge’s Sales and Client […]
Analysis: Hedge funds in search of distress take a look at Detroit
Reuters – In the past two decades, a group of specialized hedge funds have transformed corporate bankruptcies, injecting much-needed capital while at the same time drawing fire as “vultures.” Now these same funds may be poised to descend on another […]