Category Archives: Developing Stories
SS&C Offers To Buy Hedge Fund Administrator for Over $900 Million
New York (HedgeCo.net) – European Tech Company SS&C has made a recommended cash offer for hedge fund administrator GlobeOp. GlobeOp Financial Services (LSE:GO.) is an independent provider of business process outsourcing, financial technology services and analytics to hedge funds and other sectors of […]
Goldman Hedge Fund Adviser Blasts Employer, Resigns
New York (HedgeCo.net) – The market value of Goldman Sachs has dropped over $2 billion overnight, according to reports. 12 year Goldman executive and hedge fund adviser Greg Smith resigned publicly yesterday, causing a flood of opinion and uproar from the financial industry and […]
Hedge Fund Advisory & Accounting Firm Decosimo Ranked Among Global Top 15
New York (HedgeCo.net) – According to the world rankings report recently published by the International Accounting Bulletin, Moore Stephens International Limited (MSIL) is now ranked 12th in the combined list of networks and associations as its fee income increased to […]
FBI Forensic Accountants – Following the Money
New York (HedgeCo.net) – Accountants have been woven into the fabric of the FBI since its creation in the summer of 1908, when a dozen bank examiners were included among the original force of 34 investigators. Today, around 15 percent […]
Hedge Funds Trimmed Wagers Before Prices Rebounded: Commodities
Hedge funds reduced bets on higher commodity prices for the first time in seven weeks after China cut its growth target, just as prices rallied on signs the U.S. economy is improving and Greece is containing its debt crisis. Money […]
Hedge funds cut bullish gas bets most since June
Bloomberg New York: Hedge funds reduced bullish bets on natural gas by the most in eight months as forecasts for warmer-than-usual weather in the eastern US signalled a drop in heating-fuel use with supplies near a seasonal record. Money managers […]
Texas Teacher Pension Buys Bridgewater Stake
New York Times: The Teacher Retirement System of Texas just went from hedge fund investor to hedge fund owner. Last month, the Texas pension took a $250 million stake in Bridgewater Associates, the giant money manager. Now, rather than plowing […]
UBP to Acquire Hedge Fund Manager Nexar Capital Group
New York (HedgeCo.net) – Union Bancaire Privee, UBP SA, one of the leaders in Switzerland’s hedge fund industry, has signed a definitive agreement to acquire Nexar Capital Group, a global alternative investment manager. The combined UBP-Nexar alternative investment group will […]
Hedge Fund Founder Says FCC Ruling On LightsSquared Jeopardizes Private Innovation
New York HedgeCo.net) – On February 14, 2012, the Federal Communications Commission (FCC) moved to bar LightSquared’s planned national broadband network saying it would interfere with current GPS services. “From day one, it has been my vision to build a […]
Koch Industries Sued For $21.5 Million In Madoff Hedge Fund Fraud Case
New York (HedgeCo.net) – Koch Industries is being sued in relation to the biggest Ponzi scheme in U.S. history. The hedge fund fraud that Bernie Madoff pulled off received money from a Koch feeder fund, according to Irving Picard, the Trustee for the liquidation of […]
Hedge Fund Manager Accused Of Obtaining Insider Information From Google
New York (Hedge Co.net) – Hedge fund manager Douglas Whitman and his California-based firm have been charged by the SEC with illegally profiting from insider tips on Google and Polycom, making $980,000 in the process. The SEC alleges in a complaint dated February 10, […]
Man Group Commits To Responsible Investing, Encourages Hedge Funds To Do The Same
New York (HedgeCo.net) – Hedge fund gian Man Group plc announced today that it has signed the United Nations-backed Principles for Responsible Investment (PRI). “This step is a signal of Man’s continued commitment to responsible investing.” Peter Clarke, Chief Executive […]
