Author Archives: Editor
Connecticut Hedge Fund Managers Charged With Securities Fraud
New York (HedgeCo.Net) – Connecticut-based hedge fund managers David Bryson, Bart Gutekunst and their advisory firm, New Stream Capital, LLC, have been accused of lying to investors about the capital structure and financial condition of their $750-plus million hedge fund focused on […]
Ex-exec at technology company, hedge fund analyst charged in NY in $27M insider trading scam
Washington Post – The former chief information officer for a technology company and an analyst were arrested Tuesday in California in a $27 million insider trading case brought in New York, where a prosecutor said the case illustrates that the […]
Amendment paves way for AIFMD compliance
CayCompass – To facilitate the marketing of Cayman hedge funds in the European Union, the Cayman Islands government has passed an amendment that allows the jurisdiction’s regulator to enter into memoranda of understanding with its EU counterparts, using a model […]
Hess CEO warns of hedge fund plans to dismantle company
NJ Times – Hess Corp., the New York-based oil company, said shareholder Paul Singer’s Elliott Management Corp. is proposing to pay its board nominees fees to liquidate the company. “Under this highly unusual scheme, Elliott would control its directors by […]
Fed’s insider-trading crackdown brings charges in California
Los Angeles Times – The federal government has filed charges against a California hedge-fund analyst and a former tech executive in its continuing crackdown on insider trading on Wall Street. Federal prosecutors accused Matthew Teeple, 41, of San Clemente, with […]
Sold for $155m to American hedge fund manager Steven A. Cohen: Picasso that was worth $16m less before it got ripped
Independent – Le Rêve, a portrait of the Spanish artist’s 22-year-old mistress Marie-Thérèse Walter, is said to have been painted in one afternoon in 1932, when Picasso was 50. Mr Wynn, right, has sold it to Steven Cohen, a hedge […]
Brother of Galleon Hedge Fund Founder Pleads Not Guilty
New York (HedgeCo.Net) – Rengan Rajaratnam has pleaded not guilty in NY court to charges of conspiring in an insider trading scheme to illegally earn nearly 1.2 million. He has been charged with conspiring with his older brother, the imprisoned hedge fund manager Raj […]
Man Group picks new GC as hedge fund’s legal chief leaves
The Lawyer – Man Group head of legal Jasveer Singh has been appointed as the FTSE250 group’s general counsel following the exit of former Clifford Chance partner Stephen Ross. Singh has been a member of the alternative investment manager’s in-house […]
Wall Street Rocks Launches 2013 Battle of the Bands Talent Search
Wall Street Rocks co-founders Leslie Kirby, Peter Carrara, James Macedonioand George Chrisafis announced they are seeking musicians to audition for the non-profit’s 2013 Battle of the Bands. Groups with at least two members working in the financial community are invited […]
Cayman Islands Stick Exchange Launches Xetra Trading Platform
The Cayman Islands Stock Exchange (“CSX”) in partnership with the Deutsche Börse announces the launch of its Xetra Trading Platform. The cutting edge technology of the Xetra trading system, developed and operated by the Deutsche Börse Group in Frankfurt enables […]
Study: The Impact Of The Obamacare Tax On Hedge Funds
New York (HedgeCo.Net) – Hedge fund law firm Hirschler Fleischer has issued a new whitepaper on the impact of the Obamacare tax on the incentive allocation/carried interest of private fund managers: ‘New Obamacare Tax: Can a Private Fund Manager’s Carried […]
Agecroft Partners wins Hedgeweek 2013 Hedge Fund Third Party Marketer of the Year
Agecroft Partners, a hedge fund consultant and third party marketer has won the Hedgeweek 2013 Award for Third Party Marketer of the Year. Hedgeweek’s 41,000 subscribers: institutional investors, wealth managers, hedge fund managers, and industry professionals, voted on the Awards. […]