Monthly Archives: January 2013
Louisiana pension funds cut ties with consultant after hedge fund investment hits snags
NOLA – All five Louisiana retirement systems that have relied on the controversial Memphis-based investment firm Consulting Services Group have taken recent steps to distance themselves from the firm, with two selecting new outfits and the others in various stages […]
Arena Pharma Investors: DEA, Hedge Funds Conspiring To Destroy Belviq
TheStreet – Some of Arena Pharmaceuticals’ retail-investor shareholders accuse the U.S. Drug Enforcement Agency of conspiring with Wall Street hedge funds to delay the commercial launch of the company’s weight-loss pill Belviq. The DEA is collecting public comments on its […]
Mariner absorbs Concordia as hedge fund consolidation gathers pace
Hedge Funds Review – Advisors, which manages around $1 billion in relative value-oriented interest rate, credit and equity strategies, is to merge with $10 billion hedge fund Mariner Investment Group. Mariner Investment Group is taking over the investment teams and […]
SEC Settlements Reach Highest Level Since 2007
Reuters – U.S. securities regulators reached 714 settlements with defendants in civil cases in the 2012 fiscal year, the highest number since 2007, a report released on Monday [Jan. 14] showed. The biannual report by NERA Economic Consulting found that […]
Paladyne Invests in Senior Buy-side Talent, Expands Sales Team
User Contributed News – Paladyne Systems, a Broadridge Financial Solutions company (NYSE:BR) and a leading provider of next-generation investment management solutions, today announced the appointment of Jim Feingold as Global Head of Sales. In addition, joining the sales and business […]
Conifer Launches Cloud-Based Hedge Fund PF Solution
New York (HedgeCo.Net) – Hedge fund administrator The Conifer Group LLC, has launched a cloud-based Form PF solution. The technology will allow Conifer’s fund administration clients and other funds to complete, file and revise Form PF, an in-depth document which […]
California Hedge Fund Manager Jailed For Fraud
New York (HedgeCo.Net) – Albert Ke-Jung Hu, a silicon valley hedge fund manager, has been jailed for 12 years on charges of defrauding investors out of at least $6.5 million. “Instead of investing the money as promised, Hu “converted that money […]
Hedge funds nurse heavy losses after UPS-TNT deal collapses
Reuters – United Parcel Service’s decision to abandon its 5.2 billion euro ($6.9 billion) bid for TNT Express has left hedge funds nursing potential losses of more than $700 million, as the Dutch delivery firm’s shares slid. So-called merger arbitrage […]
Hedge Funds’ Manhattan Migration
WSJ – For fledgling hedge funds, Manhattan’s skyline is shining a bit brighter these days. When Chris Hentemann left Bank of America Corp. in the summer of 2008 with an eye toward starting his own fund, he hung his shingle in Stamford, Conn. By […]
Hedge Funds: The Most Expensive Bargain In Town
Seeking Alpha – In all the hullaballoo about hedge funds and the fees they charge, we often miss the important fact that hedge funds have been very successful in generating high risk-adjusted returns at a time when stocks and bonds […]
Myriad, Azentus Post Gains as Asian Hedge Funds Beat Peers
Bloomberg – Myriad Asset Management Ltd. and Azentus Capital Management Ltd. posted gains in 2012 as a market rebound in the last four months of the year helped Asian hedge funds outperform global peers. The Myriad Opportunities Master Fund, a $1.4 billion […]
Insider trading sparks concerns
Nature – It is as predictable as a heartbeat: when crucial medical results are at hand, cardiologist Jean-Luc Vachiery knows that the hedge-fund managers will come calling. Vachiery, who tests experimental therapies for a rare condition called pulmonary arterial hypertension at the […]