Author Archives: Editor
Man Group client exodus ends after two years with acquisition of GLG
Telegraph – The world’s largest listed hedge fund said it expects to post net inflows of $700m (£438m) during the period ending March 31 – boosted by about $5.3bn worth of sales. Of these inflows, more than half are likely […]
People Moves – Jim Whitaker As BNY Mellon’s US Hedge Fund Relations Manager
New York (HedgeCo.net) – Jim Whitaker has been named head of Relationship Management for the Americas by the $390 billion BNY Mellon Alternative Investment Services (AIS). Whitaker will oversee relationship management teams in the Americas across all AIS client segments […]
Hedge funds find India toughest BRIC to crack
Economic Times – Hedge funds are finding India the toughest BRIC country to beat consistently in falling stock markets, raising questions if the high fees they charge for all-weather outperformance is justified. Profiting from short-selling, or when share prices fall, […]
Connecticut Hedge Fund Manager Charged In $3.5 Billion Ponzi Scheme
Hartford Courant – Federal securities regulators blocked a Connecticut hedge fund manager from diverting $14 million Monday after charging him with defrauding investors as part of a $3.5 billion Ponzi scheme headed by a Minnesota businessman. Hedge fund manager Marlon […]
SEC Blocks Diversion Of Victim Funds
Futures Magazine – The Securities and Exchange Commission today announced it has obtained an emergency court order to halt an attempt by a Connecticut-based fund manager to divert to himself and others settlement funds intended for U.S. victims of a […]
Hedge Funds are About to Undress
Oil Price – The July 21 deadline for the hedge funds to register required by the one year anniversary of the Dodd-Frank bill is fast approaching, and the industry is roiling with turmoil. The net result for the rest of […]
Execs of Bogus Hedge Fund to Serve 7 Years for Fraud
Courthouse News Services – Two men who ran a fake hedge fund and scammed about six dozen investors out of at least $7 million were sentenced to seven years in prison by a Manhattan federal judge. Igor Levin, who sometimes […]
Quantitative Hedge Funds Hurt by Japan Catastrophe, FT Reports
Bloomberg – Several big quantitative hedge funds, which employ mathematical strategies fed into computers, have suffered severe losses as a result of the Japanese earthquake and tsunami, the Financial Times reported. The $4 billion flagship fund of Connecticut-based Graham Capital Management […]
Kenmar Group selects GlobeOp for managed account fund administration, risk, managed services
New York – The Kenmar Group, a Rye Brook-based $1.5 billion global alternative investment firm, has selected GlobeOp Financial Services to provide an extensive range of fund administration, risk and data centre-related services. Kenmar invests in managed accounts and funds […]
Man Acquires $800 Million Hedge Fund
New York (HedgeCo.net) – Hedge fund giant Man Group plc., yesterday entered into an agreement to take full ownership through its US subsidiaries of Ore Hill Partners LLC and Ore Hill Partners Capital Management LLC (together, Ore Hill). “We are extremely excited […]
Rainford Knight: Hedge Funds To Raise Assets From Family Offices In Asia
New York (HedgeCo.net) – The family office space is seeing unexpected growth and will quickly become an important target for hedge fund asset-raising in the coming months, Opalesque reported in an exclusive report. Due to the expansion, Credit Suisse among other major investment […]
Hedge Fund Launches: The AquaTerra Fund
New York (HedgeCo.net) – Global Fund Exchange Ltd., a member of the New York based Global Fund Exchange Group, announced the launch of the AquaTerra Fund, a new investment vehicle which invests in global opportunities in agriculture, water and natural […]