Tag Archives: co founder
Hennessee: April Challenging but Hedge Funds Advance
West Palm Beach (HedgeCo.net) – Hedge fund adviser, Hennessee Group LLC, announced that the Hennessee Hedge Fund Index advanced +3.84% in April (+5.02% YTD). “April continued to be a challenging environment for hedge funds, as the market rally was driven […]
UK’s biz tycoons to flee high-taxed Britain
Indopia – Britain’s leading entrepreneurs are considering to leave the country as a mark of protest against UK Chancellor Alistair Darling’s new 50 per cent tax rate, a media report says. " Hugh Osmond, the pubs to insurance entrepreneur, is […]
Pengana Aims to Grow Volatility Hedge Fund Amid Market Swings
Bloomberg – Pengana Capital Ltd., a Sydney- based asset manager that oversees A$1.5 billion ($1.1 billion), aims to increase the amount of hedge fund assets that bet on market swings by six times in two years. Pengana is seeking to grow […]
Octagon, Run by Ex-GIC Staff, to Start Hedge Fund
Bloomberg – Octagon Capital Management Pte, run by former managers of the Government of Singapore Investment Corp.’s quantitative-investment group, plans to start a fund that seeks to profit from broad economic trends. Octagon, which uses computer models to pick trades, […]
Bayou Hedge Fund Exec Sentenced
North Country Gazette – The brother of the former chief financial officer of the bankrupt hedge fund firm Bayou Group LLC has been sentenced to 21 months in federal prison of his role in concealing a $400 million fraud. […]
Hedge Funds Increase 1.37% In March
West Palm Beach (HedgeCo.net) – March was a challenging month for hedge funds, which entered the month with tight net exposures, according to research by hedge fund consultant Hennessee LLC. Technology and healthcare/biotech were bright spots for hedge funds, as […]
Hedge Funds, Buyout Firms Say Regulation Unstoppable
Bloombergb – Hedge funds and private-equity firms, after opposing increased federal oversight for years, said they can’t escape the Obama administration’s plan to include them in an overhaul of U.S. financial regulation. “We’re not going to be able to stand […]
HMC Hedge Fund Founder Grebow Sentenced to Four Years in Fraud
Bloomberg – Bret Grebow, co-founder of hedge fund HMC International LLC, was sentenced to four years in prison for defrauding investors out of $7.8 million in what prosecutors said was “a classic Ponzi scheme.” Grebow, of Highland, Florida, was also […]
A Hedge Fund Managers Mutual Twist
CNNMoney.com – In what looks like a sign of the hard times in the hedge fund world, AQR Capital Management – one of the industry’s biggest names – is opening its doors to the retail market. In January, the investment […]
Hedge fund manager may sell farm after being stung by Madoff
Reuters – Many gamblers have been forced to sell financial assets to cover bets on horses, but it is less common for a lover of thoroughbreds to sell a farm because of bad bets on investments. But that may be […]
Fund manager found dead after Madoff losses
Times Online – A French investment manager who entrusted $2.1 billion (£1.42 billion) with Bernard Madoff was found dead in New York yesterday. Thierry de la Villehuchet is thought to have committed suicide. He was found early yesterday morning in […]
