Monthly Archives: March 2013
Fortress Joins Many Other Hedge Funds Shorting The Yen
VW – Fortress Investment Group LLC (NYSE:FIG)’s Macro fund is the latest hedge fund to bet big on the weakness of Japanese yen. Though the Japanese currency has already been sliding since mid-November, Fortress Investment Group LLC (NYSE:FIG) sees further […]
The Morning Brief: Are Things Looking Up for Managed Futures? Check Out the Latest Numbers
Institutional Investor’s Alpha – The average CTA eked out a 0.09 percent gain in February, bringing the total return for the first two months to 1.56 percent, according to Newedge’s Alternative Investment Solutions Group, part of Newedge’s Prime Clearing Services. Graham […]
Fake Hedge Fund Manager Who Ripped Off Kim Kardashian’s Fake Husband Sentenced To A Few Years In Prison
DealBreaker – Remember Andrey Hicks? For those who can’t keep their founders of fake hedge funds straight, he’s the guy who ripped off Kim Kardashian’s 72 day husband, Chris Humphries, along with a bunch of other investors in his Locust […]
German Hedge-Fund Manager Homm Indicted
Nasdaq – Florian Homm, the former hedge-fund manager who was arrested earlier this month at the Uffizi Gallery in Florence, was indicted in the U.S. on fraud charges stemming from accusations he caused his investors $200 million in losses. The […]
Fake Hedge Fund Manager Gets An SEC Asset Freeze
New York (HedgeCo.Net) – The SEC has announced an asset freeze against a Massachusetts-based investment adviser charged with stealing money from clients who were given the false impression they were investing in a hedge fund. The SEC also says that […]
Man Group To Cap Executive Bonuses
New York (HedgeCo.Net) – Man Group announced in its annual report that it plans to cap future cash bonuses for its senior executives. “Man said that short-term annual cash bonuses, which were previously uncapped, would be limited to 250 percent […]
Grassi & Co. Ranked Among Top 100 Hedge Fund Accounting Firms
New York (HedgeCo.Net) – Hedge fund service provider Grassi & Co. was named as one of the Top 100 Firms by Accounting Today. Accounting Today has also ranked Grassi & Co. among the Top 20 Mid-Atlantic Firms. “Being among the […]
Hedge funds to reap rewards on Cyprus default bet
Reuters – The market price of a Cypriot sovereign bond due to mature in just over two months suggests a gamble by hedge funds that the country will avoid a default will pay off. The EUR1.4bn 3.75% bond, due to […]
Hicks sentenced to 40 months in fake hedge fund case
Boston Herald – A Boston-area man was sentenced today in federal court to 40 months in prison, and was ordered to pay restitution of $2.3 million, in connection with a fake hedge fund investment scheme, according to the U.S. Attorney’s […]
Farallon hedge fund launches real estate vehicle
Reuters – Hedge fund firm Farallon Capital Management LLC is raising a new real estate fund of about $350 million to $400 million, the first time Farallon has set up a separate fund exclusively for the asset class, according to […]
SEC Digging Into Fund Fees
WSJ – The Securities and Exchange Commission is closely scrutinizing the fees and expenses, including travel and entertainment, that hedge funds and private-equity firms charge to their investors. Many managers of hedge funds and private-equity funds—collectively called “private investment advisers”—had […]
Fortress hedge fund bets yen slide has further to run
Reuters – The flagship hedge fund of Fortress Investment Group is betting on a further slide in the Japanese yen, predicting the new central bank governor in Tokyo will step-up the pace of monetary policy easing. The $3.2 billion fund […]