Category Archives: Developing Stories
Citigroup Hedge Fund Investors Awarded 100% Return on Losses
New York (HedgeCo.net) – Investors in Citigroup’s fixed-income municipal arbitrage hedge fund have been awarded over $550,000 by the Financial Industry Regulatory Authority (FINRA). The Wall Street Journal reports that the MAT 3 Municipal Arbitrage Fund was “a risky investment […]
Survey: Hedge Fund Managers Ride Social Media Wave
New York (HedgeCo.Net) – Financial services professionals are using social media platforms like Blogger, Facebook, Twitter and LinkedIn, despite oft-cited concerns over running afoul of FINRA regulations over allowable communications, according to a survey by SEC-registered investment advisory firm, Horizon […]
C.P. Eaton Partners Launch RMB Fund Raising Platform
New York (HedgeCo.net) – Global alternative fund placement agent, C.P. Eaton Partners has launched a dedicated effort to enable all of its current and future general partners access to renminbi (Chinese yuan, or RMB) capital sources within mainland China. In […]
CRP Report: Top 10 Hedge Fund Democrat Doners
New York (HedgeCo.net) – According to the Center for Responsive Politics (CRP) for ABC News, hedge fund donors gave almost all their donations to Democrats. During this past election cycle, a little more than 12 months, hedge fund managers contributed […]
SkyBridge Acquires Three of Citi’s Hedge Fund Businesses
New York (HedgeCo.net) – Hedge fund incubator SkyBridge Capital has agreed to buy the fund of hedge funds, hedge fund seeding and hedge fund advisory businesses from Citi Alternative Investments, LLC (CAI), with total investments under management and advisory of […]
Salida Capital Launches Natural Resources Fund
New York (HedgeCo.net) – Canadian alternative investor and fund of hedge fund manager, Salida Capital, is launching a private equity fund focused on the natural resources space. The fund’s official marketing period will begin in May and continue for a […]
UCITS Hedge Fund Strategy Index up 2,24% in March
New York (HedgeCo.net) — After minor up and downs this year without any significant movements in the first two months of 2010 the UCITS Hedge Fund Strategy (HFS) Index showed strength in March for the first time this year. The […]
Deutsche Bank Expands Hedge Fund Consulting Division
New York (HedgeCo.net) – Viking Global hedge fund manager Doug Kline has joined Deutsche Bank (DB) as a managing director and head of hedge fund consulting. Kline will oversee the continued expansion of DB’s hedge fund consulting practice, which advises […]
Ex-IBM SVP Pleads Guilty To Hedge Fund Insider Trading
New York (HedgeCo.net) – Robert Moffat, Jr., a formerly of IBM, pleaded guilty in the Manhattan federal court to conspiracy and securities fraud. “Moffat’s guilty plea marks the 11th conviction in this ongoing insider trading investigation.” U.S. Attorney Preet Bharara […]
Novum Statement on FSA Insider Trading and Hedge Fund Fraud Case
New York (HedgeCo.net) – The Financial Services Authority (FSA) visited the offices of independent UK securities stockbroker, Novum Securities, on the 23 of March in relation to an investigation into a single member of Novum’s staff, who has been with the […]
Morgan Stanley Loses 6 Senior Traders To Hedge Funds
New York (HedgeCo.net) – Marcin Wiszniewski, a 14 year veteran of Morgan Stanley has quit his job to join the $18.3 billion hedge fund, BlueCrest Capital Management, the Wall Street Journal reports. Wiszniewski joins the London hedge fund May 10, […]
Moore and Deutsche Bank Targeted in London Hedge Fund Raid
New York (HedgeCo.net) – London $14 billion hedge fund, Moore Capital Management was raided yesterday in the crackdown on insider trading, the New York Times reported. In their first joint operation the Financial Services Authority (FSA) and the Serious Organised […]
