Category Archives: Developing Stories
Retired Hedge Fund Manager Raises Funds To Rival Koch Super-Pac
New York (HedgeCo.Net) – Tom Steyer, Billionaire and founder of hedge fund Farallon Capital Management is raising funds for his super-pac NextGen Climate Action. The NYT reports that Tom Steyer seeks to rival the conservative political group funded by Charles and David […]
Activist Hedge Fund To Claw Back Its Breadsticks
New York (HedgeCo.Net) – One of the largest shareholders of Darden Restaurants, Starboard Value LP, has joined another activist investor, New York-based hedge fund Barington Capital Group LP, who said it is “evaluating all options” to provide a way “for shareholders to have […]
Justice Department Probes Hedge Fund Dealings in Libya
New York (HedgeCo.Net) – The US Justice Department has started looking at banks, hedge funds and private equity funds that may have broken anti-bribery laws in their dealings with the Libyan sovereign wealth fund, which is run by Libya’s government, WSJ reports. […]
Rhode Island Pulls Hedge Fund Allocations
New York (HedgeCo.Net) – The Rhode Island State Investment Commission has voted to pull its $50 million allocation out of hedge fund Third Point. “The commission’s decision was simply part of the usual monitoring and managing of the retirement portfolio and […]
UCITS HFS Index finishes year on a high, up +0.27% in December 2013
The UCITS HFS Index continues in the same vain as in November and reports gains of 0.27% again for December 2013. The broad index started negatively into the month with losses of -0.29% in week one. The second week of […]
Hedge Fund Founder Dondero Faces Former Colleague In Jury Trial
New York (HedgeCo.Net) – James Dondero, a co-founder at hedge fund Highland Capital Management, is set to face a jury trial against a former colleague who has an ongoing defamation suit against the firm, The Dallas Morning News reports. The hedge […]
Hedgie Jeffrey Epstein Backs The Elton John AIDS Foundation
Jeffrey Epstein Foundation and the Elton John Aids Foundation have retracted the press release the story is based on. Updates to come soon. Alex Akesson Editor for HedgeCo.net alex@hedgeco.net HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership […]
Hedge Fund GLG Sued By Tabloid Magnate
New York (HedgeCo.Net) – The founder of the Northern & Shell media group which publishes sex and celebrity magazines is suing GLG, one of Man Group’s hedge funds, “for losses on an investment he (Richard Desmond) said was too complex […]
Volcker Rule: New Legislation May Affect Hedge Fund Prime Brokers
New York (HedgeCo.Net) – As regulators prepare to vote on the proposed Volcker legislation that restricts banks from making risky bets, Albert Kyle at the University of Maryland says that the new rules may make hedge fund investments riskier unless their broker dealers […]
High Speed Trader Charged With Manipulating Futures Contracts To The Tune Of $20 Million
New York (HedgeCo.Net) – The CFTC has filed a civil an enforcement action in New York against Donald R. Wilson and his company, DRW Investments, for unlawfully manipulating the price of a futures contract. The CFTC claims that the defendants […]
Hey Banksy: Hedge Fund Manager To Go Ahead With Sandy Donations
New York (HedgeCo.Net) – Hedge fund manager Nelson Saiers has updated us here at HedgeCo saying, ” On the eve of Sandy, I’ve decided to waive the criterion on Banksy and just donate the money to benefit underpriviledged children. I still have […]
Hedge Fund Manager Endorses Bitcoin
New York (HedgeCo.Net) – Michael Novogratz, co-CIO of macro funds at hedge fund manager Fortress Investment Group has said that Bitcoin could be used as a cheaper way of transferring money in countries with weak banking systems. “Put a little […]
