Author Archives: Editor
Billionaire’s Hedge Fund Rebuffs NY Fed In Argentina Case: No Risk To $2.6T Payments System
Forbes – A hedge fund owned by billionaire Paul Singer disputed the New York Fed’s opinion that a court ruling in its battle against Argentina over the world’s largest sovereign debt default could disrupt its payments system and global bond markets. Sources close to the matter also […]
PEAK6 Advisors LLC Implements Paladyne FastStart in their Investment Management Platform
Paladyne Systems®, Inc., a Broadridge Financial Solutions, Inc. Company (NYSE:BR) and leading provider of next generation investment management solutions, today announced that PEAK6 Advisors LLC, an investment advisory firm launching a multi-asset class hedge fund, has selected Paladyne FastStart as […]
Hedge Fund Fraud: FBI Looking To Twitter
New York (HedgeCo.Net) According to Reuters, “The FBI has agents scouring Twitter and other social networks for tips on securities fraud.” say agents overseeing a long-running investigation into insider trading in the $2 trillion hedge fund industry. “I will tell you technology will play […]
Cohen’s SAC Faces Client Querries as Investigators Circle
Bloomberg – SAC Capital Advisors LP is seeking to calm investor concern about founder Steven A. Cohen’s trading in two drug stocks and possible regulatory sanctions after prosecutors for the first time tied Cohen to a specific transaction at the […]
“Historic” Hedge Fund Scheme Uncovered
New York (HedgeCo.Net) – The FBI has unsealed charges involving insider trading during an alzheimer’s disease drug trial that is proving to be the most lucrative hedge fund insider-trading case ever prosecuted. Mathew Martoma, a former portfolio manager for a division […]
AIMA Releases “The Roadmap to Hedge Funds”
The Alternative Investment Management Association (AIMA), the global hedge fund association, and Deutsche Bank today announced the launch of a new edition of the educational guide for institutional investors in hedge funds – the Roadmap to Hedge Funds. The new […]
U.N. Court to Start Argentina Ship Case against Ghana Nov. 29
HedgeWorld – The United Nations’ maritime court in Hamburg said on Wednesday [Nov. 21] it will hold hearings on Nov. 29 and 30 into Argentina’s demands that Ghana free an Argentine naval ship stranded in the African country due to […]
FINRA Reignites Efforts to Oversee Investment Advisers
Reuters – Wall Street’s self-watchdog is banging the drum again about expanding its oversight beyond the brokerage industry, to the businesses of registered investment advisers. The Financial Industry Regulatory Authority, which has been lobbying for years to expand its reach, […]
Newscape launches specialist UCITs Hedge Fund
Newscape launches another specialist UCITS Fund Newscape Capital Group, the London based investment firm, has launched its third specialist UCITS Fund, its second launch in as many months. The Newscape Dynamic Rates and Currency Fund will target an annualised return […]
BlackRock Sees Asian Demand in Illiquid Hedge-Fund Assets
Bloomberg – BlackRock Inc., the world’s largest asset manager, said there is rising demand from Asia-Pacific investors for less liquid hedge-fund investments as European and U.S. financial institutions clean up their balance sheets. More than half of the money BlackRock’s […]
Blackstone-backed Asia fund Senrigan’s partner leaves for own firm
ET – Kevin Kwong, a partner at Senrigan Capital, has left the Hong Kong-based hedge fund this month to start his own investment firm, sources with knowledge of the matter said, joining a growing number of spinouts from established companies this year. […]
Offshore secrets revealed: the shadowy side of a booming industry
Guardian – The existence of an extraordinary global network of sham company directors, most of them British, can be revealed. The UK government claims such abuses were stamped out long ago, but a worldwide joint investigation by the Guardian, the BBC’s […]