Monthly Archives: June 2014
AIMA Japan and Eurekahedge Gauge Asia Hedge Fund Sentiment
New York (HedgeCo.Net) – In March and April 2014, a survey was conducted by AIMA Japan and Eurekahedge looking into investment trends and key regulatory challenges facing the Asian asset management industry; with a particular emphasis on the outlook for […]
Hedge Fund Manager Balboa Gets 4 Years In Prison
New York (HedgeCo.Net) – A portfolio manager for the now collapsed hedge fund Millennium Global Investments has been sentenced to 4 years in prison and 3 years of supervised release, The Wall Street Journal reports. Michael Balboa, a London-based hedge fund manager, was […]
Florida Hedge Fund Firm Charged With $17 Million Fraud Scheme
New York (HedgeCo.Net) – A West Palm Beach-based hedge fund advisory firm and its founder have been charged by the SEC with fraudulently shifting money from one investment to another without informing investors, the South Florida Business Journal reports. The firm’s […]
Possible Offshore Deferrals For Hedge Fund Managers
Mondaq – The Internal Revenue Service (the “IRS”) has issued Revenue Ruling 2014-18 (the “Ruling”)1, which generally confirms that a stock-settled stock option or stock appreciation right that is granted with an exercise/base price of no less than the fair […]
Investment Banking and Brokerage Equities Technical Analysis
On Friday, June 20, 2014, the NASDAQ Composite ended at 4,368.04, up 0.20%, the Dow Jones Industrial Average finished the day 0.15% higher at 16,947.08, and the S&P 500 closed at 1,962.87, up 0.17%. During the session five out of ten […]
Tiger Management Backing New Asia-Focused Hedge Fund
WSJ – Julian Robertson’s Tiger Management LLC is backing startup hedge fund Kang Global Investors LP with as much as $50 million for its launch at the start of July, according to people familiar with the arrangement. Long considered one […]
Hedge Fund and ValueVision Shopping Network Settle Differences
NYT – After a seven-month battle, the activist hedge fund Clinton Group and the Internet and shopping network ValueVision Media have settled their differences. ValueVision announced a new chief executive officer and a new board of directors on Monday. Mark […]
Investors prefer high-quality hedge funds over high returns
BC – The majority of hedge fund investors are not looking for double-digit returns from their hedge fund investments. A Preqin survey finds that 67% of institutional investors look for annual returns between 4% and 6% while just 6% of […]
More Than One Hedge Fund Hacked In Sophisticated Cybercrimewave
New York (HedgeCo.Net) – An unnamed hedge fund was attacked by cybercriminals in 2013, causing them to lose millions of dollars and disrupting the firm’s high-speed trading, CNBC reports. Tech company BAE Systems reported the hack, saying “It’s pretty amazing, the […]
Alternative Investment Manager Infinity Capital Partners Offers the Infinity Core Alternative Fund Through Vivaldi Asset Management
As advisors increasingly seek to incorporate alternative investment strategies into their clients’ portfolios, one of the leaders in hedge fund of funds, Infinity Capital Partners, has partnered with Vivaldi Asset Management to offer a registered multi-strategy investment fund with a […]
Hedge fund contributions going mostly to GOP
SF Gate – Hedge funds, which barely existed two decades ago, are placing their chips mostly on Republican congressional candidates in the 2014 election. The numbers, collected by Washington’s Center for Responsive Politics, reflect the industry’s long march away from […]