Author Archives: Editor
Hennessee Hedge Fund Index advanced +0.80% in January
New York (HedgeCo.net) – The Hennessee Hedge Fund Index advanced +0.80% in January (+0.80% YTD), while the S&P 500 advanced +2.26% (+2.26% YTD), the Dow Jones Industrial Average increased +2.72% (+2.72% YTD), and the NASDAQ Composite Index climbed +1.78% (+1.78% […]
Gore’s Investment Firm Said to Start $500 Million Asian Fund
Bloomberg – Al Gore’s Generation Investment Management LLP, which buys shares of companies it deems socially responsible, aims to start a $500 million fund to invest in Asia, said two people briefed on the plan. The fund may start by July, […]
Activist Fund Threatens Proxy Fight at Mentor Graphics
DealBook – An activist hedge fund on Monday threatened to mount a proxy fight at Mentor Graphics to protest what the firm said were moves meant to forestall talks with unhappy shareholders. Casablanca Capital, a hedge fund founded by former Lazard […]
Hedge Fund Launch: Merchant Capital to Launch Proprietary FX Trading Package
New York (HedgeCo.net) – The asset management division of Merchant Capital, a subsidiary of Merchant House Group PLC, has today announced that it will launch a FX proprietary trading package this month, Merchant Capital FX, in association with Hotspot FX, […]
Kurland To Pay $4.4 Million In Hedge Fund Fraud Settlements
New York (HedgeCo.net) – Mark Kurland, a former partner at hedge fund New Castle Partners is to pay $4.4 million to settle allegations of insider trading, a regulatory filing has revealed. Kurland was one of a number of executives working […]
Shumway to Return Client Cash in $8 Billion Fund by End of March
Bloomberg – Chris Shumway, who announced he would step down as chief investment officer of his $8 billion Shumway Capital Partners LLC in November, said he’ll return client capital by March 31, according to a letter sent to investors. Shumway, […]
Former regulator pans hedge fund reporting plan
Reuters – A proposal requiring hedge fund advisers to turn over large amounts of data to regulators is burdensome and too costly, a former U.S. securities regulator said on Saturday. Paul Atkins, who served as a commissioner at the Securities […]
Primary Global Consultant Passed Tips to Hedge Funds, SEC Says
Bloomberg – A Primary Global Research LLC consultant facing federal insider-trading charges spoke with at least 11 hedge funds over 14 months and leaked stock tips to some of them, regulators said. Walter Shimoon, a former Flextronics International Ltd. manager who worked […]
Sabre adds Ucits mirror of hedge fund to armoury
Fund Strategy – The Sabre All Weather fund, a Luxembourg Sicav, mirrors the Cayman Islands domiciled fund, which was launched in 2002. Unlike the hedge fund, which carries a minimum investment of £250,000, the All Weather fund has a minimum […]
Mid-sized Asia hedge funds poised for big boost
Sify – Mid-sized Asian hedge funds are poised to receive major money inflows this year, as some of the region’s biggest managers shut doors to new investors on fears that running bulky portfolios could harm returns. Industry tracker Eurekahedge estimates […]
Guy Albert de Chimay Pleads Guilty To $7 Million Hedge Fund Scheme
New York (HedgeCo.net) – Former New York hedge fund manager, Guy Albert de Chimay, pleaded guilty this week to grand larceny and running a $7 million Ponzi scheme. He was arrested in June, 2010, in North Carolina and charged with securities […]
6 Charged In Hedge Fund Insider Trading Case
New York (HedgeCo.net) – The SEC yesterday charged Mark Anthony Longoria, a manager at A.M.D.; Daniel L. DeVore, a manager at Dell; Winifred Jiau, a consultant with insider information about Marvell Technologies, and Walter Shimoon, an executive at Flextronics International. […]