Author Archives: Editor
Hedge Fund Manager Efrosman Pleads Guilty to Forex Fraud
Bloomberg – Aleksander Efrosman, the fund manager who fled the U.S. after being accused of swindling clients, admitted to running a scheme to cheat investors out of $5 million, including $3 million he spent at a casino. Efrosman, 50, pleaded […]
BlueCrest overhauls $620 million “black box” hedge fund
Reuters – BlueCrest Capital, one of the world’s biggest hedge fund firms, has overhauled the way it trades in one of its computer funds, a source said, sending a powerful signal that some ‘black box’ programs controlling billions of assets […]
Hedge funds reach record size thanks to recent strong returns
Reuters – Strong returns during the third quarter have boosted the hedge-fund industry to its largest size ever, offsetting a more muted appetite among investors for these types of funds, research data shows. Global hedge funds now oversee $2.2 trillion in […]
Romney’s Hedge Fund: The Bain Bane & Binders Of Women
New York (HedgeCo.Net) – President hopeful Mitt Romney came close to admitting to a form of affirmative action when he referred to women he had scanned for placement under his governorship in Massachusetts. During the debates with President Obama, Mitt Romney referred to “binders of […]
Hedge funds reach record size thanks to recent strong returns
Reuters – Strong returns during the third quarter have boosted the hedge-fund industry to its largest size ever, offsetting a more muted appetite among investors for these types of funds, research data shows. Global hedge funds now oversee $2.2 trillion […]
Man Group Outflows Rise to $2.2 Billion Amid ‘Subdued’ Sales
Bloomberg – Man Group Plc (EMG), the world’s biggest publicly traded hedge-fund manager, said outflows increased 57 percent in the third quarter amid an environment for sales Chief Executive Officer Peter Clarke called “subdued.” Clients pulled a net $2.2 billion […]
New Hedge Fund Software Expands into the South African Market
PRNewswire – Canadian software vendor SGGG Portfolio Systems, SynOps Investment Operations and Deutsche Securities Johannesburg today announced the successful implementation of the SGGG Portfolio System across Deutsche’s hedge fund client base in South Africa. Graeme Lappin Director of SynOps commented, “The SGGG system is […]
SEC Alleges Fraud At New York Hedge Fund
New York (HedgeCo.Net) – The SEC yesterday charged $1billion hedge fund Yorkville Advisors LLC., its founder and president, Mark Angelo, and its chief financial officer, Edward Schinik with exaggerating returns in order to hide losses. The SEC alleges in a 35-page complaint filed […]
Flamand’s Hedge Fund Said to Suffer Partner Exits as Assets Fall
Bloomberg – Two partners at former Goldman Sachs Group Inc. trader Pierre-Henri Flamand’s hedge fund will leave the firm after it lost money and assets shrank, two people with knowledge of the decision said. Oliver Haslam and Casper Lund will […]
Nephila Capital joins Hedge Funds Standards Board as signatory member
HedgeWeek – Natural catastrophe and weather risk reinsurance specialist Nephila Capital has joined the Hedge Funds Standards Board (HFSB) as a signatory member. HFSB brings together managers, investors, regulators and consultants from around the world to help determine how the […]
Hedge Fund Launch: CARF Management
New York (HedgeCo.Net) -US hedge fund family FISCO Funds Management LLC., and financial services firm OP 8 Analytics LLC., have announced a joint venture to launch a new investment management company, CARF Management LLC. The new firm will serve as investment […]
One-year-old ETF beats hedge funds, stock market in first year
Reuters – A one-year-old actively managed exchange-traded stock fund has beaten a number of market benchmarks in its first year, including most hedge funds, the ETF sponsor AdvisorShares said on Tuesday. Through September 30, the TrimTabs Float Shrink ETF gained […]