Author Archives: Editor
New Yorker Review: Preet Bharara on the Galleon Hedge Fund Trial
New York (HedgeCo.net) – The June 27, 2011, issue of The New Yorker, on page 42, “A Dirty Business”, George Packer, writes about the biggest insider-trading case in history, and has an exclusive interview with Preet Bharara, the United States Attorney for the […]
Altarius Asset Management launches Maltese hedge fund platform
Malta Independent – Altarius Asset Management, a Malta-based asset management company, has launched Paragon, a hedge fund platform aimed at small and medium-sized management companies. Paragon, a hedge fund platform aimed at small and medium-sized management companies, has been set up by […]
Northern Trust Launches Intraday Automated Updates for Hedge Fund Managers
New York (HedgeCo.net) – Northern Trust has enhanced its Hedge Fund Monitor product with a series of new features designed to improve automation and straight-through processing, enabling Northern Trust’s Funds of Hedge Funds (FoHF) clients across the globe to access performance, […]
Harbinger Says Wireless Venture Signed Sprint Deal
Philip Falcone’s hedge fund says its mobile-broadband start-up, LightSquared Inc., has signed a 15-year agreement with Sprint Nextel Corp. to jointly build and operate a planned new wireless network. The deal, disclosed in a letter to investors in Mr. Falcone’s […]
Hedge funds stalk Yankee Stadium parking lots by buying bonds
CTPost – Hedge funds specializing in distressed debt are buying municipal bonds backed by parking lots and garages at the new Yankee Stadium, which face a payment default as soon as next year, according to two people familiar with the purchases. […]
Fund Investors Take a Hit from the Supreme Court
MoneyWatch – Last week the Supreme Court struck a blow against the rights of mutual fund investors, and in the process might have opened a Pandora’s box, providing corporate America a road map that will allow them avoid liability from investor […]
Pershing Square’s Ackman Said to Consider Selling Shares in Hedge Fund
Bloomberg – Bill Ackman, known for investing in companies to press for changes, is considering selling shares in a hedge fund to secure more permanent capital for investments, according to a person familiar with the matter. An initial public offering […]
Hedge funds and other buy-side firms concerned about the impact of central counter party clearing
Opalesque London – Regulatory changes in Europe and the US are driving buy side firms to focus on the management of their collateral according to a study published by risk solutions firm Algorithmics and Chromozome Consulting, a niche collateral management consultancy. […]
Third fund joins in tussle over troubled Healthcare Locums
Evening Standard – A third big investor today weighed in to the battle for the future of troubled recruitment group Healthcare Locums after last week’s revelations that a hedge fund was planning a deal that would massively dilute the holdings […]
Raj Rajaratnam Denied Retrial By Supreme Court
New York (HedgeCo.Net) – The Supreme Court on Monday denied jailed hedge fund manager Raj Rajaratnam’s request to have the appeal of his insider trading. Rajaratnam, who co-founded hedge fund Galleon Management and Chiesi, a former trader with New Castle Funds, face up to 20 years in […]
People Moves: Man Hires Three US Hedge Fund Specialists
New York (HedgeCo.net) – Hedge fund giant Man Group has appointed Lance Donenbergand Jordan Allen as Co-Chief Operating officers of Man’s US business. Donenberg and Allen report directly to Emmanuel Roman, Chief Operating Officer of Man Group. “Expanding our US business is a […]
Hedge Fund Mergers and Acquisitions: Vector, RAE, CITC, ING, Capital One
New York (HedgeCo.net) – Vector Capital, a global private equity firm specializing in the technology sector, has completed its acquisition of RAE Systems, Inc. a transaction valued at approximately $138 million. In connection with the transaction, Vector partnered with $2.2 […]