Tag Archives: hedge funds
MENA Hedge Funds Boost Assets 10-fold to $1.17b
Zawya – Hedge funds focusing exclusively on the Middle East and North Africa have seen a 10-fold increase in assets under management over the past five years, with futher gains of about 17 per cent through the first half of […]
Hedge funds regain confidence, start hiring again
Hedge funds and bank trading desks are hiring again and have already snapped up some of the most talented managers who were dislodged while firms struggled in the credit crisis, industry insiders said. Hedge funds endured a tough 2008 in […]
Appeals Court Affirms Dismissal of Securities Fraud Against Hennessee Group
New York — The U.S. Court of Appeals for the Second Circuit has affirmed a district court’s decision that dismissed a securities fraud case against New York-based hedge fund investment adviser Hennessee Group LLC. In the 36-page opinion issued July […]
HedgeSphere Funds of Hedge Funds Software Release
West Palm beach (HedgeCo.net) – Swiss funds of hedge funds (FoHF) tech. provider Infonic AG, released the latest version of its software suite for FoHFs, HedgeSphere 4.3. “For many funds of hedge funds, including those with complex portfolio structures, management […]
Funds Snapped Up Financial Stocks in 2nd Quarter
New York Times Blogs – A closely watched report by Goldman Sachs found that hedge funds made an outsize bet on financial stocks in the second quarter, The Wall Street Journal reported. The Goldman “Hedge Fund Trend Monitor” said hedge […]
Deutsche Bank Ranked Second in Hedge Fund Administration Survey
West Palm Beach (HedgeCo.net) – Deutsche Bank’s Alternative Fund Services, part of the bank’s Global Transaction Banking (GTB) division, has ranked second among top administrators in Global Custodian magazine’s 2009 Hedge Fund Administration Survey. This is the first time Deutsche […]
Lighthouse Prime Services Announces Upcoming Capital Introduction Program Events
Earthtimes – Lighthouse Prime Services, a division of Lighthouse Financial and a leading prime brokerage services provider dedicated to the needs of emerging and newly established hedge funds and managed account platforms, announces its upcoming slate of events as part […]
Another Lawsuit Targets Valhalla Investment Partners
Herald Tribune – Two investors who lost $750,000 in the implosion of Scoop Management have filed a lawsuit against investment managers Neil and Chris Moody, who ran the Valhalla Investment Partners L.P. hedge fund. Bruce M. Bell and Richard G. […]
Calif. hedge fund manager pleads guilty to fraud
Riverside Press Enterprise – The founder and manager of two Beverly Hills hedge funds has pleaded guilty to federal fraud charges. Bradley Ruderman pleaded guilty Monday to two counts of wire fraud, two counts of investment adviser fraud and a […]
Sweden mulls EU summit ahead of G20 meeting
The Swedish Wire – Sweden, which holds the rotating EU presidency, is consulting European capitals and “most of them are positive” about the idea, said Roberta Alenius, spokeswoman for Swedish Prime Minister Fredrik Reinfeldt. “The prime minister wants a summit […]
Hedge funds in 2009 recovery
Cayman Compass – The average hedge fund recorded gains of 2.42 per cent in July data released by hedge fund data provider Hedge Fund Research shows. Hedge fund assets have increased on average by more than 12 per cent in […]
Harvard seeks to manage more money internally: report
Reuters – Harvard University’s multibillion dollar endowment is adopting a strategy of selling off some holdings in hedge funds, private-equity firms and other money managers to bring more money under the control of internal investing staff over the next few […]
