Author Archives: Editor
Hedge Fund Acquisitions: Capital Trust To Sell Investment Management Platform To Blackstone
New York (HedgeCo.Net) . An affiliate of hedge fund investor giant Blackstone has acquired NY Capital Trust, Inc’s investment management business, operated through its subsidiary, CT Investment Management Co., LLC. Under the terms of the agreement, Blackstone will acquire CTIMCO and its fund co-investments […]
Former Hedge Fund Research Analyst Pleads Guilty In $61 Million Insider Trading Case
Newsroom America – A former research analyst at a hedge fund in New York, Jon Horvath, 42, has pleaded guilty to charges arising from his involvement in a $61.8 million insider trading scheme. The alleged scheme involved multiple analysts and […]
MIT economist pitches cancer megafund
Boston Globe – Andrew W. Lo, the MIT finance professor and hedge fund manager, wants to bring Wall Street-style financial engineering to a crucial social need: curing cancer. Named this year as one of Time magazine’s 100 most influential people […]
Hedge funds didn’t cause financial crisis, RAND says
Pensions & Investments – That’s the conclusion of a new monograph — “Hedge Funds and Systemic Risk”— from RAND Corp., a non-profit research and policy organization. The report’s authors analyzed the extent to which hedge funds create or contribute to […]
AE3 Capital plans emerging market bonds hedge fund
Hedge Funds Review – AE3 Capital which was founded earlier this year is launching its first hedge fund. The fund will invest in emerging market debt. Some currency positions will be taken to improve the fund’s risk/return. Malta-based AE3 Capital […]
Hedge fund founder David Harding reveals £34m tax bill
Telegraph – David Harding earned an income of £87m last year from Winton Capital Management, the investment firm he founded in 1997, and paid an annual tax bill of £34m – enough to fund the salaries of 1,500 newly-qualified teachers. […]
Expect EM funds to continue attracting capital: Eurekahedge
Money Control – Indian markets witnessed a hefty foreign funds inflow of about Rs 19,200 crore in September. “Some of the money is coming from the hedge funds, but a lot of the inflows in Indian market and into emerging […]
Have hedge funds lost their mojo?
Dallas news – I knew it wasn’t all wine and roses in the hedge fund industry these days, but geez things seem to have really taken a turn for the worse. One of Dallas’ largest and most respected hedge fund […]
U.S. SEC, in Tactical Shift, Casts Suspicious Eye on Peers
Reuters – A shift in how the U.S. Securities and Exchange Commission investigates possible violations related to complex products could lead to brokerages being targeted because of problems at their competitors, an agency official said on Thursday [Sept. 28]. “If […]
College Students Launch Hedge Fund
New York (HedgeCo.Net) – North Carolina registered Lumina Investments, LLC, founded and managed by three North Carolina college students, has opened its first hedge fund that seeks to capitalize on the growing influence of “macro events” on the behavior of global financial markets. […]
Florida Hedge Fund Manager Sentenced In Alabama
New York (HedgeCo.Net) – The Florida hedge fund manager that surrendered watches, cars, an airplane and a backpack of cash earlier this month has been sentenced to five years in prison for conspiracy, securities fraud, wire fraud and money laundering. “Klatch acknowledged […]
France budget: Top 10% of earners to see taxes rise to %75
BBC – French Prime Minister Jean-Marc Ayrault has said that nine out of 10 citizens will not see their income taxes rise in the new budget. He has confirmed that there is to be a new 75% tax rate for […]