Author Archives: Editor
SEC ad rule would favor hedge funds over mutuals
MarketWatch – Imagine a law that required bicyclists to wear helmets but allowed motorcycle riders to zip around with the wind blowing in their hair. That could be the outcome of an effort to overturn long-standing rules banning hedge funds […]
Despite 12% Rally Hedge Funds Turn From Stocks
BusinessWeek – For the first time this year, hedge funds are turning away from a rally in the global stock market. The ratio of bullish to bearish bets among professional speculators fell last week and is below historical averages, according […]
Debates: Obama Backs Away From Romney’s Hedge Fund History
New York (HedgeCo.Net) – President Obama surprised Democrats in the first session of debates by failing to reference Mitt Romney’s disparaging comments about the 47 percent. Two videos were leaked last month in which Romney boasted of his china acquisitions […]
Hedge Fund Events: GAIM USA 2013
New York (HedgeCo.Net) – GAIM USA 2013 announced the investor speakers for its upcoming conference, which runs from January 21-24, 2013 in Boca Raton, Florida. “These allocators hail from some of the top pension funds, endowments, foundations and funds of […]
Hedge Fund Group Buys Disneyland Mall
New York (HedgeCo.Net) – Real estate Advisor Arcturus Group and $12.5 billion hedge fund Avenue Capital Management announced that a group they have formed has purchased a mall located at the main entrance to Disneyland Resort and the Anaheim Convention Center, the Anaheim GardenWalk. […]
Record $104 Million Reward Boosts Whistleblowing on U.S. Tax Cheats
Reuters – Whistleblower Bradley Birkenfeld, whose $104 million reward from the U.S. Internal Revenue Service set a record three weeks ago, has helped set off a rush of would-be imitators hoping to cash in on a government program to catch tax […]
Romney takes debate to Obama over economy, health care
CNN – A forceful Mitt Romney went toe-to-toe with President Barack Obama on the dominant issues for voters, challenging the Democrat’s policies on the economy, taxes and health care in the first of three debates ahead of the November election. […]
Hedge Funds Up 0.47% in September
The Dow Jones Credit Suisse Core Hedge Fund Index closed up 0.47% in September as five of the seven index component strategies reported positive results for the month. Following the market events of 2008, increased attention has been focused on […]
A Hedge Fund Has Physically Seized This Ship From Argentina’s Navy
Business Insider – The above ship is the ARA Libertad, a training ship owned by the Argentine navy. And now it’s been seized. By a hedge fund. While it was docked in Ghana. Why? Because Argentina is in a long legal […]
BlackRock Leads Firms Poised to Win From Hedge Fund Ads
Bloomberg – The firms most likely to benefit first from new rules that would allow hedge funds to conduct wide advertising campaigns aren’t hedge funds. BlackRock Inc., the world’s largest money manager, offers alternative investments and supports the change. So […]
SEC charges hedge fund managers with defrauding investors
Futures Magazine – The Securities and Exchange Commission today separately charged a pair of hedge fund managers and their firms with lying to investors about how they were handling the money invested in their respective hedge funds. The charges are […]
BofA to Pay $2.43 Billion to Settle Shareholder Lawsuit
Reuters – Bank of America Corp. agreed on Friday [Sept. 28] to pay $2.43 billion to settle a shareholder lawsuit over its 2008 buyout of Merrill Lynch in one of the largest-ever settlements of a securities fraud class action. The […]