Author Archives: Editor
SEC Charges Connecticut Hedge Fund Manager in Ponzi Scheme
New York (HedgeCo.net) – The Securities and Exchange Commission charged Highview Point Partners, LLC., a Connecticut-based hedge fund manager, with engaging in a multi-year Ponzi scheme involving hundreds of millions of dollars. The SEC also named three hedge funds managed […]
Hedge Funds Snap Up Cisco, Intel and Yahoo
The Street – Hedge funds have been all over the place in their investment choices in the technology sector, so it’s been difficult for investors to discern a pattern. Hedge funds, which manage money for the wealthy, were net buyers […]
Fisher shareholders elect two directors from hedge fund’s slate
Seattle Times – A hedge fund that wanted to win four board seats at KOMO-TV parent Fisher Communications, so it could take control and push for a sale of the company, has gotten half its wish. Two of Fisher’s open […]
FrontPoint Partners to Close Most of Hedge Funds, NYT Reports
San Francisco Chronicle – FrontPoint Partners LLC plans to close most of its hedge funds by the end of the month amid client withdrawals and insider-trading claims, the New York Times reported. The Greenwich, Connecticut-based firm said in a statement […]
PayPal Founder To Headline the 2011 GAIM GMA Hedge Fund Conference
New York (HedgeCo.net) – GAIM USA and Citi announced that PayPal co-founder Peter Thiel, economist and hedge fund manager Burton Malkiel, Jim Chanos of Kynikos Associates and Bank of England’s Monetary Policy Committee Member Adam Posen will headline the 2nd […]
Hedge Fund People: Sean Foley Appointed CFO and CAO at Butterfield Fulcrum and FORS
New York (HedgeCo.net) – Hedge fund administrator Butterfield Fulcrum and wealth manager, FORS Limited, have appointed Sean Foley as Chief Financial Officer and Chief Administration Officer. “We are delighted to expand Sean’s role within the new entity, providing continuity to […]
Galleon Case: The Man Who Was ‘Octopussy’
BusinessWeek – In the weeks after FBI agents arrested him on insider-trading charges in November 2009, Zvi Goffer maintained his bravado. The government, he told former colleagues from Galleon Group, a manager of hedge funds, could not possibly have damning […]
U.S. hedge fund Whitebox to open office in Singapore
Reuters – US-based hedge fund Whitebox Advisors, started by Deephaven Asset Management’s founding partner Andrew Redleaf, is setting up an office in Singapore, two sources familiar with the matter said. The firm, which manages about $2.5 billion in assets, will […]
Ireland Inc could hedge its bets with fund administration growth
Irish Independent – As Queen Elizabeth and her entourage journey through Ireland this week, the country’s establishment is doing its best to highlight a range of vibrant industries to the outside world — from digital media, to nano science to green tech […]
Diamondback manager pleads guilty in insider case
Baltimore Sun – A former portfolio manager at the Connecticut hedge fund Diamondback Capital Management has pleaded guilty to fraud and conspiracy, the latest defendant to admit wrongdoing in the government’s broad probe into hedge fund insider trading. Anthony Scolaro, […]
Hedge fund Tantallon triples assets from lows, eyes $500 mln
Reuters – Singapore-based hedge fund Tantallon Capital has tripled assets to about $300 million from 2009 lows and hopes to grow assets to $500 million, co-founder Alex Hill said, as investor interest in Asian hedge funds revives and performance improves. […]