Author Archives: Editor
Japan Hedge Fund Launch
Nikko Asset Management has launched its Multi Manager Investment Trust through InfraHedge, a global managed account platform. Highlights include: – The Multi Manager Investment Trust will invest in managed futures and global macro strategies – It will be distributed to […]
Hedge Fund Boxers Jump in Ring in H.K. Fight Night
BusinessWeek – Steve Taw, the oldest competitor at age 53 in the history of Hong Kong’s sixth annual Hedge Fund Fight Nite, is competing four years after his son’s victory in the same charity event. “I’m the only one ever […]
Rajat Gupta Gets 2 Years For Hedge Fund Insider Trading
New York (HedgeCo.Net) – Rajat Gupta, a former member of the Board of Directors at Goldman Sachs, received a prison sentence of 2 years in federal prison by U.S. District Judge Jed Rakoff. “He is a good man,” the Judge said, […]
Research: Small Hedge Funds Outperforming The Larger Ones
New York (HedgeCo.Net) – Small hedge funds with assets of less than $100m have outperformed large funds (those with assets of over $500m) in 13 out of the last 16 years according to Jeroen Tielman, CEO and Founder of multi-strategy hedge […]
Rajat Gupta To Receive Sentence For Hedge Fund Fraud Today
New York (HedgeCo.Net) – At 2:00pm today Rajat Gupta, a former member of the Board of Directors at Goldman Sachs, will receive his prison sentence by U.S. District Judge Jed Rakoff. Gupta was found guilty on June 18th 2012 by a jury […]
Hedge fund wants investigation of American’s pre-bankruptcy debt transaction with American Eagle
SkyTalk – Marathon Asset Management has asked the bankruptcy court to investigate a pre-bankruptcy debt transaction between American Airlines and regional carrier, American Eagle, alleging the $2.26 billion deal was illegal. The hedge fund, which has complained to AMR chief […]
Hedge fund manager donates to Oregon candidate’s nonprofit as well as campaign efforts
The Republic – A New York hedge fund manager who has donated heavily to campaign groups supporting Republican Art Robinson in the race for the U.S. House seat in southwestern Oregon also has been a major donor to Robinson’s nonprofit institute, an […]
California Hedge Fund Billionaire Tom Steyer To Step Down, Focus On Philanthropy
Forbes – Tom Steyer announced in a letter to investors Monday that he will be stepping down from Farallon Capital Management, the hedge fund he founded in San Francisco in 1986. The move is significant but not altogether surprising. Steyer, a billionaire […]
Blackstone targets stakes in hedge fund managers
Reuters – Blackstone Group is preparing to launch a multibillion-dollar fund that will buy stakes in hedge fund managers in the secondary market, as traditional buyers such as banks pull back amid disappointing fund performance and regulation. Blackstone, whose hedge-fund […]
John Paulson Gives $100 Million to New York’s Central Park
Reuters – Billionaire hedge fund manager John Paulson pledged $100 million to New York’s Central Park Conservancy, making the largest gift ever in the history of the city’s 155-year-old urban icon. Mr. Paulson, whose personal net worth is estimated at $12.3 billion […]
Hedge Fund People: Paul Cucurullo Joins Paladyne
New York (HedgeCo.Net) – Hedge fund adviser Paladyne systems has appointed Paul Cucurullo as Senior Director of Sales to lead and develop the Paladyne offering for long-only asset managers and investment advisors. Cucurullo brings more than 30 years of experience […]