Category Archives: Developing Stories
Hedge Fund Raids Causes Over $15 Billion In Losses, Puts Wall Street Back In The Spotlight
New York (HedgeCo.net) – The FBI raided the offices of three hedge funds, Connecticut-based Diamondback Capital Management, Level Global Investors and Boston-based Loch Capital Management. The FBI said the raids took place under executed court-ordered search warrants, according to NPR News. […]
People Moves: Merihan Tadrous Joins Hedge Fund Insparo Asset Management
New York (HedgeCo.net) – Merihan Tadrous has been appointed Operations Analyst at emerging markets hedge fund Insparo Asset Management. She will work closely with COO Jon Laidlow and Finance & Operations Manager James Gore in the day-to-day operations management of […]
Hedge funds to tap into $800 billion life insurance policy portfolios
New York (HedgeCo.net) – Financial services firm, Absolute Life Solutions, Inc., is pursuing a diversified portfolio of insurance policy assets via acquisition of individual policies and discounted bundles of policy portfolios. “Hedge funds and other private equity investors who amassed portfolios of […]
Hedge Fund Mergers & Acquisitions: Englander Alaris Prime Services
New York (HedgeCo.net) – Israel A. Englander & Co., has acquired hedge fund services company, Alaris Trading Partners LLC (pending FINRA approval). The members of both firms have signed definitive agreements creating the new entity Englander Alaris Prime Services, a […]
Hedge Fund Association Opposed to Self-Regulatory Organization
New York (HedgeCo.net) – The Hedge Fund Association (HFA) today announced its opposition to the creation of any hedge fund self-regulatory organization. The feasibility and benefits of creating such an organization are currently under investigation by the Government Accountability Office […]
Man Acquisition of Hedge Fund GLG Showing Over $15 Billion New AUM
New York (HedgeCo.net) – Alternative investment management company Man Group has said that the integration with newly bought hedge fund GLG has advanced well, with marketing campaigns under way. The first product to blend Man flagship fund AHL and GLG […]
Film: Al Pacino To Play Hedge Fund Magnate In Arbitrage
New York (HedgeCo.net) – Former ‘Godfather’ actor Al Pacino has been cast in the role of a big time hedge fund manager in the new financial thriller Arbitrage opposite Susan Sarandon. Pacino plays hedge fund magnate under investigation who is desperate to […]
2010 Lipper Hedge Fund Awards
New York (HedgeCo.net) – Thomson Reuters announced the winners of the 2010 Lipper Hedge Fund Awards, recognizing the hedge funds and funds of hedge funds that have returned exceptional and consistent performances relative to their peers. The top 5 in […]
Soros Donates $1 Million to Help Legalize Marijuana
New York (HedgeCo.net) – Hedge fund maven George Soros, of Soros Fund Management, has given $1 million to California’s campaign to legalize marijuana, the Guardian reports. “I don’t believe in standing in the way of an avalanche,” Soros told the […]
Hedge Funds and Social Media
New York (HedgeCo.net) – According to an annual survey conducted by BNY Mellon, Global Trends in Investor Relations, publicly traded companies are managing their IR practices – from guidance and disclosure policies to sell-side approaches and growing interest in social media […]
Hedge Fund Apps: Merlin Compass iPad Application
New York (HedgeCo.net) – Merlin Securities, a leading prime brokerage services and technology provider, today announced the release of the Merlin Compass iPad application. Merlin Compass for iPad is a real-time analytics platform that provides portfolio managers with intraday performance, […]
Hedge Fund Managers Sued By SEC In Side Pocket Case
New York (HedgeCo.net) – The SEC has sued two Georgia hedge fund managers, Bloomberg reports, alleging that Paul Mannion and Andrew Reckles overvalued their illiquid assets, hiding losses while collecting fees. The SEC claims Mannion and Reckles stole up to […]
