Author Archives: Editor
SS&C Technologies announced record revenues of $120.9 Million
New York (HedgeCo.Net) – Hedge fund tech provider SS&C Technologies Holdings, Inc., announced record revenues of $120.9 million. “I am delighted to report that our second quarter revenue of $120.9 million rose 31.6 percent year-over-year,” said Bill Stone, Chairman and Chief […]
Veritas – How gating funds in the crisis benefited hedge fund allocators
Investment Europe – The en masse gating of money in hedge funds during the global financial crisis caused more bad feelings than the asset management industry had seen for years. It also achieved three main goals. Only one of them […]
Hedge Fund Launch: QAM Equity Hedge ETF
New York (HedgeCo.Net) – AdvisorShares, a sponsor of actively managed Exchange Traded Funds (ETFs), has launched the QAM Equity Hedge ETF The new fund is open for trading today, Wenesday, August 8, 2012. QEH is sub-advised by Commerce Asset Management, […]
Singapore regulator modifies hedge fund rules
Hedge Funds Review – Singapore’s regulator has finalised amendments to hedge fund rules that took effect from August 7. Changes concern the licensing, registration and business conduct of fund management companies. Singapore’s financial regulator has published final rules enacting changes […]
Hedge Fund Fight Over Madoff Claims Shows Contract Woes
BusinessWeek – Hedge funds Perry Capital LLC and Solus Alternative Asset Management LP are fighting over whether they had a contract when they agreed to trade $195 million of claims on Bernard Madoff’s bankrupt firm, amid rising prices on the […]
Lawsuit threatens GM, firm says
Windsor Star – The new General Motors Co. could be undone by a lawsuit that pits general creditors against hedge funds including Elliott Management Corp. and Fortress Investment Group LLC over $3 billion, the car company said in a lawsuit […]
Sometimes Hedge Fund Associates Would Rather Bake Muffins
Observer – Ben Gifford graduated from Dartmouth in 2010. He sought work teaching in Asia, but those kinds of jobs don’t exactly grow on trees, so he went to work for Bridgewater Associates. But life at the $125 billion hedge […]
Hearing set in hedge fund case
CTpost – With a sentencing date in hand, a federal prosecutor is pressing forward with a bond revocation hearing for Francisco Illarramendi, the wealthy owner of a group of Stamford-based hedge fund involved in a Bernard Madoff-like Ponzi scheme that may have […]
Antitrust Suit Against CME Group Gets Judge’s Go-Ahead
Reuters – A federal judge in Chicago is allowing an eight-year-old antitrust lawsuit against CME Group Inc. to go forward, re-opening a particularly acrimonious chapter in CME’s battle for dominance in the lucrative U.S. futures markets. U.S. District Court Judge […]
Witness For Whitman Prosecution Tells Of Her Hedge Fund Insider Trading Involvement
New York (HedgeCo.Net) – Roomy Khan, a government co-operator in the biggest hedge fund insider trading conspiracy in US history, spoke yesterday at the trial of San Francisco hedge fund manager Doug Whitman who stands accused of making almost $1 million using insider tips […]
FINRA Withdraws Customer Account Statement Plan
Reuters – A proposal that would have required brokerages to send account statements to their customers more frequently has been scrapped — at least for now. The Financial Industry Regulatory Authority on Thursday [Aug. 2] withdrew a plan it originally […]
Consolidation of single hedge funds and fund of funds: hedge fund news, week 31
Opalesque – In the week-ending 03 Aug 2012, it was reported that Richard Gerson was reported to have raised $1.2bn to launch his own hedge fund firm, Falcon Edge Capital; Rob Chandra has scaled back his role at Bessemer Venture Partners to […]