Category Archives: Developing Stories
Two Florida Hedge Fund Managers Accused In Petters Scheme
New York (HedgeCo.net) – The SEC has charged two Florida-based hedge fund managers and their funds with defrauding investors out of more than a billion dollars into a Ponzi scheme run by Tom Petters, Reuters reports. The SEC’s complaint filed […]
50 Cent Gets $200 Million From Hedge Fund Film Partners
New York (HedgeCo.net) – George Furla’s Hedge Fund Film Partners has invested $200 million in actor/rapper 50 Cent’s film company Cheetah Vision, according to Variety magazine. “The thing about 50 Cent is that, just like in his music career, he […]
Eurekahedge: Hedge funds deliver best returns in 16 months
New York (HedgeCo.net) – The Eurekahedge Hedge Fund Index advanced to a healthy 5.15% year-to-date return, after witnessing its best September on record. The MSCI World Index also posted strong gains of 6.75% for the month. Hedge funds were positive […]
UBS Awards $116 Million To Standard Life Investments Hedge Fund Portfolio
New York (HedgeHo.net) – Standard Life Investments has been selected by UBS PACE Select Advisors Trust to manage a 25% (approximately $116.5m) component of its UBS PACE Alternative Strategies Investments. In managing its portion of the hedge fund, Standard Life Investments […]
People Moves: Hedge Fund BTIG Expands London Team
New York (HedgeCo.net) – Hedge fund broker dealer BTIG Ltd., announced the expansion of its London-based team with the addition of four new sales and trading professionals: David Abraham, Andrew Rosen, Julie Beecher and Adam Bergenfield. They join a team of […]
Update: Hedge Fund Bankruptcy Trustee Sues Investment Firms
New York (HedgeCo.net) – The trustee for failed hedge fund Petters Group, Douglas Kelley, has sued the Epsilon-Westford funds founded by Steve Stevanovic, according to Bloomberg. The bankruptcy trustee is seeking to recoup over $3.2 billion to cover the company’s debt, Bloomberg said, “Seventeen funds affiliated with […]
Wiretap Evidence Challenged In Galleon Hedge Fund Case
New York (HedgeCo.net) – Hedge fund founder Raj Rajaratnam is again seeking to throw out the evidence gained by the prosecution’s wiretapping last year. “In applying for wiretap permission in March 2008, an FBI agent failed to tell a judge […]
Hedge Fund Mergers and Acquisitions: PGI Agrees to be Acquired by Blackstone
Polymer Group, Inc., today announced it has entered into a definitive agreement to be acquired by an affiliate of Blackstone Capital Partners V L.P. This transaction is the result of the strategic review process initiated by PGI on April 7, […]
Another Goldman vs. Hedge Fund Lawsuit
New York (HedgeCo.net) – Hedge fund Dodona I LLC., has filed a class action suit against Goldman Sachs and seeks damages. The hedge fund is said to have invested four million dollars in securitized mortgage loans (CDO) under the name Hudson Mezzanine, […]
AllianceBernstein Acquires SunAmerica’s Hedge Fund Group
New York (HedgeCo.net) – Global investment management firm AllianceBernstein L.P. has acquired SunAmerica’s alternative investments group, a team that manages a portfolio of hedge fund and private equity fund investments. “We are pleased to add to our alternative investment capabilities this exceptional […]
Hedge Fund Moves: German Nanotech Investor Prepares for ADR trading in the US
New York (HedgeCo.net) – Hedge fund investor Nanostart AG is making preparations for ADR trading in the United States, which is scheduled to begin in October. Bank of New York Mellon (BNYM), one of the world’s largest depositary banks, is […]
People Moves: Barclays Wealth Expands US Team With Major Hedge Fund Hires
New York (HedgeCo.net) – Global $232 billion hedge fund manager Barclays Wealth has hired fourteen new investment representatives in it US branch offices. In Miami, Tony Esses joins as a Director and Investment Representative after 24 years at HSBC Private. […]
