Tag Archives: new-money
Asian Hedge-Fund Assets to Double on New Money
Bloomberg – Asian hedge funds will attract a “wave” of new money that could more than double the industry’s assets from its peak of $250 billion as the region leads the world’s emergence from the deepest recession since World War […]
Lansdowne halts investments in fund
Reuters UK – Lansdowne Partners, one of the country’s largest hedge fund managers, has stopped accepting investments in its flagship fund with several other big funds set to follow suit, according to the Financial Times. It said the 4.9 million […]
Hedge fund returns up
Stuff – Hedge funds are living up to their high-flying reputation again with strong returns in the last three months, but many investors burned by last year’s losses are clamoring for reforms before committing new money. Final June quarter data […]
Hedge fund returns are up, redemptions down
Reuters India – Hedge funds are living up to their high-flying reputation again with strong returns in the last three months, but many investors burned by last year’s losses are clamoring for reforms before committing new money. Final June quarter […]
BlueMountain to post record returns
Financial Standard – US-based hedge fund BlueMountain Capital Management hopes its forecast 20 per cent plus returns, lower fees and new liquidity rules will appeal to local super funds allocating new money into alternative strategies. Hedge funds are a hard […]
Texas Hedge Fund Manager Bilks $10.9 Million From 250 Investors
New York (HedgeCo.Net) – Hedge fund manager Ray M. White and his company, CRW Management, LP, have been charged today by the Commodity Futures Trading Commission of swindling at least $10.9 million from over 250 investors through an alleged Ponzi […]
Red Flags, New Evidence May Help Convict Deaf Ponzi Schemer
New York (HedgeCo.Net) – Marvin Cooper, who allegedly swindled deaf investors through his money management firm-turned Ponzi scheme, is maintaining his innocence despite new evidence uncovered Monday in federal court. "Nobody’s been defrauded," Cooper’s attorney, Michael Glenn told the […]
SEC Nails Ponzi Scheme Aimed at Deaf Community
New York (HedgeCo.Net) – The SEC has located and halted a Ponzi scheme targeted primarily at deaf individuals in the United States and Japan. According to the complaint, Hawaii-based Billion Coupons, Inc. along with its CEOMarvin R. Cooper was able […]
Australian Hedge Funds Will Attract New Cash in 2009
Bloomberg – Australian hedge funds will attract a net inflow of cash in 2009 after record redemptions by overseas investors led to the closure of at least 10 funds in the fourth quarter, the local arm of the Alternative Investment […]
New York Exec Nailed for Alleged $400 Million Ponzi Scheme
New York (HedgeCo.Net) – Nicholas Cosmo, head of New York-based Agape World Inc., has been arrested for allegedly running a $400 million Ponzi scheme. His company, which marketed commercial bridge loans, was not registered with the U.S. Securities and Exchange […]
Hedge funds should beware pressure on fees
Reuters – Hedge funds should be wary of being pressured into cutting fees because of poor performance numbers during the financial crisis, a director at fund research company Lipper FMI said on Thursday. Speaking at a briefing on trends for […]
JO Hambro Shuts Hedge Fund After VW-Porsche Trade
Bloomberg – JO Hambro Capital Management Ltd., which oversees about $3.5 billion of assets, will close one of its two hedge funds partly because a bet against Volkswagen AG shares backfired, people familiar with the situation said. The $240 million […]
