Category Archives: Developing Stories
Barclays Under Fire For Fundraising With Hedge Fund Buddy Romney
New York (HedgeCo.Net) – UK newspaper The Telegraph reports that 11 Members of Parliament have demanded that Barclays Bank stop raising money for former hedge fund manager and Republican presidential hopeful Mitt Romney, and instead work to rebuild the public’s trust […]
Two Dead in Suspect Hedge Fund Disagreement
New York (HedgeCo.Net) – The CEO of private-equity group Basileus Capital has been shot by his former business partner, over a disagreement over the way a hedge fund was being run. Herman Pretorius allegedly shot Julian Williams in his Cape Town office […]
State Street to Become Lead Hedge Fund Administrator Globally With $550M Acquisition Of Goldman Sachs Administration Services
New York (HedgeCo.Net) – Hedge fund administrator, State Street Corporation, has announced that it has agreed to acquire Goldman Sachs Administration Services (GSAS), a $200 billion hedge fund administrator, from The Goldman Sachs Group, Inc. in a cash transaction with a total […]
NY Supreme Court Approves Distribution Of More Than $110 Million To Madoff-related Hedge Fund Victims
New York (HedgeCo.Net) – As the Receiver for Ezra Merkin’s two Madoff-related hedge funds, Gabriel Capital L.P. and Ariel Fund Ltd., hedge fund lawyer Bart M. Schwartz announced today his third round of interim distributions of more than $110 million of cash […]
US Tech Buys UK Hedge Fund Company For $890 Million
New York (HedgeCo.net) – SS&C Technologies Holdings, Inc., today announced the acquisition of hedge fund risk-reporting giant GlobeOp Financial Services S.A. (GlobeOp), for £4.85 ($7.54) per share, approximately £572 million ($890 million). The acquisition is, by value, the largest in […]
KPMG and AxiomSL Form Alliance to Assist Investment Advisers Faced with New Regulatory Requirements Including Form PF
KPMG LLP, the audit, tax and advisory firm, and a leader in the Financial Services sector, has formed an alliance with Axiom Software Laboratories, Inc. (AxiomSL), a leading global provider of regulatory reporting and risk management solutions, to address new […]
Romney Super PAC Backed by Hedge Fund Billionaires
New York (HedgeCo.net) – Forbes reports that at least 30 billionaires, 7.5% of the Forbes 400, have donated to the Mitt Romney-backing super PAC Restore Our Future, among them are some of the top hedge fund managers this year. According to Restore Our […]
Hedge Fund Law Firm Adds 12 Private Equity And Real Estate Specialists
New York (HedgeCo.net) – Hedge fund law firm Schulte Roth & Zabel LLP (“SRZ”), which specializes in regulatory compliance, is undergoing a major expansion of its New York office with the addition of a group of leading private equity and real […]
Hedge Fund Giant Man Names Dr Douglas Greenig New AHL CRO
New York (HedgeCo.net) – Global hedge fund Man Group plc, announced an addition to the management team at AHL, its industry-leading quantitative managed futures manager. Dr. Douglas Greenig will become AHL’s Chief Risk Officer and a member of the AHL Management […]
Analysis of Hedge Fund Influence in New York State Politics
New York (HedgeCo.net) – A new report: Playing the Influence Market has been released by Common Cause/NY, analyzing the impact of the hedge fund industry on political giving in New York State. Common Cause/NY reviewed campaign finance filings from January, 2005-February, 2012 and identified […]
New Congress Act Will Allow Hedge Funds To Advertise Freely
New York (HedgeCo.net) – A new act passed by the Senate and House of Representatives is expected to be signed into law by President Obama within days. The Jumpstart Our Business Startups, known as The Jobs Act, will eliminate a longstanding […]
Asset Alliance Corporation has acquired an equity interest in Monarch Business and Wealth Management
New York (HedgeCo.net) – Asset Alliance Corporation, through its subsidiary, Asset Alliance Wealth Management, has acquired an equity interest in Monarch Business and Wealth Management, LLC. Monarch a financial and life management company founded by Barry Klarberg. Monarch represents professional […]
