Author Archives: Editor
Bell gets 5 years for Involvement in Petters Hedge Fund Ponzi Scheme
New York (HedgeCo.net) – Former hedge fund manager Greg Bell was sentenced yesterday to to six years in federal prison, five after time seved. Through his Chicago hedge fund, Lancelot Investment Management, Bell is accused of helping prop up the […]
Hedge funds catch new wave in commodities
Reuters – Tucked away in a basement in London’s exclusive Mayfair district is a hedge fund manager investing entirely in raw materials, one of a small band trading commodity spreads — and making big money in the process. VOC Capital […]
Processing of Syndicated Bank Loans For Hedge Funds
New York (HedgeCo.net) – Hedge fund administration giant Northern Trust has made available the processing of syndicated bank loans in its automated solutions for clients with Markit WSO Services. Syndicated bank loans are a non-standard alternative asset class that is […]
Texas Hedge Fund Association Announces Election of a New Chairman and Three New Board Members
The Texas Hedge Fund Association (THFA), a member-supported trade association organized to support the Texas hedge fund industry, today announced the election of a new Chairman and three new members of its Board of Directors. The Board unanimously elected Heather E. Gilker of Dallas-based strategic […]
Hedge funds hold Ireland to ransom over Anglo Irish Bank bail-out
Telegraph – The investors are attempting to force the Irish authorities to pay them more for the debt they hold in Anglo Irish Bank and say if their demands are not met they could trigger a default crisis. The London […]
EU looking to overcome French veto on new hedge-fund regulation
M&C – Overcoming French opposition to new hedge-fund regulation was set to dominate the end of a two-day informal meeting of European Union finance ministers in Brussels on Friday. Hedge funds have been blamed for exacerbating the 2008 financial crash […]
Bridgewater Associates: largest U.S. hedge fund secures largest allocations
Opalesque Industry Update – On Thursday, Absolute Return (AR) released the results of its study of hedge fund assets (as of July 1, 2010). The largest hedge fund, Bridgewater Associates manages $80bn in assets, and secured the largest inflows in […]
Candidate Fiorina Wants More Transparency for Hedge Fund Holdings, Trades
Bloomberg – Carly Fiorina, campaigning to be California’s first Republican senator elected in two decades, said hedge funds should be subject to greater transparency requirements and the financial regulatory overhaul known as the Dodd-Frank Act doesn’t go far enough. The lightly […]
Hedge Fund Launch: UCM Union Delta Fund
New York (HedgeCo.net) – Long/short equity hedge fund Union Capital Management (UCM) has launched the UCM Union Delta Fund today, Oct 1st, 2010. With J.P. Morgan as prime broker and cash manager, the new fund is run by Chief Investment […]
Why the Buffett approach adds up
Guardian – Terry Smith is not the first person to calculate how much poorer shareholders in Berkshire Hathaway would be if Warren Buffett had extracted fees as greedily as a hedge fund manager – meaning a 2% management fee plus 20% […]
Hedge Fund Apex Expands To Toronto
New York (HedgeCo.net) – Apex Fund Services is expaning it’s North American hedge fund administration services and client base with the opening of its Canada office in Toronto. Apex Fund Services (Canada) Ltd will be managed and run by Alex […]