Category Archives: Developing Stories
Hedge Fund Lawsuits tops Jay Z’s list of “99 Problems”
New York – (HedgeCo.net): Shawn Carter, known by his legions of adoring hip-hop fans as rapper Jay-Z, has sued Dallas-based hedge fund firm, Highland Capital Management, LP, according to a story published by Bloomberg. The rap mogul, who also founded Rocawear, […]
UPDATE: Fund Pros Launch LGBT Capital
New York (HedgeCo.net) – Galileo Capital Management has launched LGBT Capital, a specialist Corporate Advisory and Investment Management Unit focused on the lesbian, gay, bisexual and transgender (LGBT) consumer market. LGBT Capital provides corporate advisory and business development services for […]
Galleon Hedge Fund Fraud Case Claims 8th Guilty Plea
New York (HedgeCo.net) – The Galleon hedge fund insider trading case yesterday saw its eighth guilty plea in Mark Kurland, a onetime colleague of Danielle Chiesi at New Castle Funds LLC, Reuters reports. The SEC alleges that Kurland, Chiesi and […]
SEC Wants Hedge Fund Founder Rajaratnam To Hand Over Wiretap Evidence
New York (HedgeCo.net) – Because of legal hurdles in obtaining 14,000 wiretap intercepts, the SEC asked a judge to order hedge fund founder Raj Rajaratnam to share the intercepts that his lawyers got from federal prosecutors, Bloomberg reports. “Defendants have […]
Investment Team Launches Range of Hedge Funds in London & Hong Kong
New York (HedgeCo.net) – A team led by investment management specialists, Anders Jacobsen and Paul Thompson have launched Galileo Capital Management, a global hedge fund investment management and advisory firm with operations in London and Hong Kong. Galileo Capital Management […]
Toscafund official: Reports of London’s as hedge fund epicenter are overstated
According to a story published in the Financial Times, not everyone believes that London’s status as an international financial center is in jeopardy. In fact, despite the defections of well-known funds BlueCrest Capital and Brevan Howard in recent months, not […]
Hedge Fund Center Hit By 5.8 Quake
New York (HedgeCo.net) – The Cayman Islands were hit by a 5.8 magnitude earthquake Tuesday at 9:23 am ET, the earthquake took place 30 miles southeast of Grand Cayman Island. The major offshore hedge fund center in the Caribbean maintains […]
Students Keen to Work for Hedge Funds – LSE Head Hunting Conference
New York (HedgeCo.net) – Despite the fact that the global economy and the financial markets are still recovering from the crisis, interest in hedge funds from the cream of the crop of universities and business schools worldwide is stronger than […]
UPDATE: Rajaratnam Attacks Wiretap Evidence In Hedge Fund Case – New Witnesses
New York (HedgeCo.net) – Hedge fund manager Raj Rajaratnam won approval yesterday from U.S. District Court Judge Richard Holwell to stay free on $100 million bail while awaiting trial on his insider trading case. The judge refused to reduce or […]
UK Hedge Fund Manager Launches Green Investment Opportunity
New York (HedgeCo.net) – Future Capital Partners (FCP), the £6 billion ($9.68 billion) hedge fund and alternative investment boutique, has launched a groundbreaking investment opportunity that will allow UK investors to invest in the rapidly growing Renewable Transport Fuels (RTF) […]
Kumar Pleads Guilty in Galleon Hedge Fund Case
New York (HedgeCo.net) – Former senior partner at McKinsey & Co., Anil Kumar, yesterday pleaded guilty to conspiracy, insider trading and securities fraud in the Galleon/Raj Rajaratnam hedge fund fraud case, the U.S. Attorney’s Office said. The prosecution alledged, before […]
Best Gains For Hedge Funds Since 1999
New York (HedgeCo.net) – “Hedge funds experienced their best year since 1999 and were able to perform in line with the traditional equity markets in 2009 despite the strong rally and moderate net exposure,” said Mr. Gradante, Managing Principal of […]
