Author Archives: Editor
Small and imperfectly formed
Business Standard – China’s wannabe Nasdaq: China’s new growth-stock market has made quite an entrance. Shares of the 28 companies on Chinext, Shenzhen’s answer to the US Nasdaq, all at least doubled during their first half-day of trading. They were […]
Former Fund Exec Charged With Insider Trades
New York Times – A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom. Ronald Yee, who had been the San Francisco-based hedge fund firm’s chief financial […]
Ticonderoga Securities Expands With Launch of Equity Derivatives Group Led By Hedge Fund Veteran
New York – Ticonderoga Securities, an institutional broker dealer, today announced the launch of its Equity Derivatives Group, which will be led by Vuk Bulajic, an industry veteran with a dynamic track record of launching and building equity derivatives businesses. […]
Northern Trust Named Best Overall Hedge Fund Administrator
New York (HedgeCo.net) – Northern Trust has been named the Best Overall Hedge Fund Administrator by HFMWeek in the magazine’s inaugural U.S. Service Provider Awards. The awards recognize companies that have outperformed their peers during 2008-2009 and demonstrated financial progress, […]
Galleon’s switch to cash may ease redemptions
The assets of Galleon Group have not been frozen by the US authorities and there should be no hold up in returning money to investors, a source familiar with the matter said. More than 90 per cent of the funds […]
Hedge Fund Specialists Man Investments and Credit Suisse Launch Joint Offering
New York (HedgeCo.net) – Man Investments and Credit Suisse are launching a managed accounts initiative in response to investors’ increased demands for transparency, liquidity and control. The new initiative brings together Man’s extensive managed accounts platform and portfolio management expertise […]
K1 auditor says would be “bold” to conclude fraud
Reuters – An auditor for German hedge fund K1 Global Ltd said that “liquidity of K1 is apparently scarce”, temporarily preventing payouts to banks and clients, but it would be “bold” to conclude this stemmed from fraud. “Until now nothing […]
Paladyne Systems Partners with RiskMetrics Group to Provide Risk Reports to Hedge Funds
NEW YORK, NY – Paladyne Systems, Inc., a leading provider of technology and services to the global hedge fund industry, today announced a strategic partnership with RiskMetrics Group, a leading provider of risk management and corporate governance services to the […]
Delphi reaches settlement with Appaloosa
AP – Delphi said Thursday that it reached a settlement in a lawsuit it filed last year against a hedge fund after it pulled out of a deal to lift the auto supplier out of bankruptcy protection. Delphi Spokesman Lindsey […]
Swiss Hedge Fund Discloses Portfolio Holdings
New York (HedgeCo.net) – ALTIN AG, the Swiss alternative investment company listed on the London and Swiss stock exchanges, is pursuing its policy of greater transparency to investors initiated in March by disclosing its entire portfolio holdings. The portfolio, featuring […]
Citadel Opens Its ‘Gates’ on Better Results
WSJ – Citadel Investment Group LLC told investors it would fully lift its 10-month ban on withdrawals from the hedge-fund firm. The Chicago firm also confirmed that a banker it hired last year to build an investment bank, Rohit D’Souza, […]
Mohican Receives 2009 Lipper Hedge Fund Award
New York (HedgeCo.net) – Mohican VCA Fund, LP has received the 2009 Lipper Hedge Fund award for Best Hedge Fund in Convertible Arbitrage. The award is based on portfolio performance of convertible arbitrage funds over a period of three years […]