Author Archives: Editor
Risky bets cost Detroit pension funds $480 million
Free Press – Detroit’s two public pensions have reported losses of more than $480 million in risky investments, from hedge funds and vacant land in Texas and Hawaii, to a Detroit office tower and a Pittsburgh casino. The losses, all […]
Hedge Fund Launches: Bandon Isolated Alpha Fixed Income Fund
New York (HedgeCo.net) – Hedge fund manager Bandon Capital Management is planning to launch its first mutual fund, the Bandon Isolated Alpha Fixed Income Fund (BANIX). The fund will launch at the beginning of the New Year and is structured to […]
Hedge Funds To Fluctuate Further In 2011
New York (HedgeCo.net) – Prices on the hedge fund secondary market remain volatile, according to the latest data from Hedgebay, a hedge fund market data provider. October’s high of 81% was the third time in a row the index had risen, […]
Hedge fund firm 36 South to move funds to Ireland
Reuters – British hedgefund firm 36 South Capital Management plans to move its funds to Ireland to cut costs, providing a boost to the troubled country after its 85 billion euro ($112 billion) bailout. The firm, which manages around $130 […]
Malta: Growing from a strong base
Hedge Funds Review – Malta’s ambition to be a leading domicile and service provider to the hedge fund industry is being realised as strong growth in the fund registrations and service providers increases in 2010. Lawrence Gonzi, Malta’s prime minister talks […]
Hedge Fund Taps Twitter For Market Mood
The Street – Derwent Capital Markets, a London-based hedge fund, plans to track Twitter activity to judge the mood of the stock market. Recent research suggests that Twitter can be used to predict movements in the stock market as key […]
Dallas hedge fund suing over ‘flash crash’ losses
Dallas News – A small Dallas hedge fund firm is suing three Chicago-based trading companies, including hedge fund giant Citadel, for losses sustained during the “flash crash” on May 6. GovPlus Master Fund LP and GovPlus Fund AI LP, which are […]
Citrin Cooperman to audit Cayman/Offshore hedge funds
Citrin Cooperman, a leading accounting and business consulting firm, announced today it was granted its license to transact business as an approved auditor in the Cayman Islands, and will be offering offshore-based funds auditing services under the Citrin Cooperman (Cayman) […]
Hedge Fund Commentary: Dow Jones Credit Suisse Hedge Fund Index
New York (HedgeCo.net) – A new Dow Jones Credit Suisse Hedge Fund Index (pdf) monthly commentary offers insight into November hedge fund performance. Some key findings from the report include: November marked the Index’s first negative month of performance since […]
Sri Lankan worker arrested in US over insider trading charges
Reuters – Taiwan Semiconductor Manufacturing Co (TSMC) on Friday fired a US-based manager, a Sri Lankan man, who had been arrested on charges of leaking confidential information, with the world’s biggest contract chipmaker saying he had violated company policies. Manosha […]
Oklahoma Hedge Fund Manager Sentenced To 10 Years
New York (HedgeCo.net) Former hedge fund manager, Mark S. Trimble, of Edmond, Oklahoma, was sentenced to serve 10 years in federal prison for money laundering. Trimble, 44, pleaded guilty in April to money laundering. Trimble’s hedge fund, Phidippides Capital Management, […]