Monthly Archives: June 2014
Survey Finds 73% of PE-Backed Companies Are Making New Investments
New York (HedgeCo.Net) – According to the Private Equity Growth Capital Council’s inaugural Private Equity Decision Makers Survey, nearly three fourths (73 percent) of private equity professionals responsible for investment decisions say a majority of their portfolio companies are hiring and […]
SEC Obtains Asset Freeze and Other Emergency Relief in Fraudulent Tender Offer Scheme
New York (HedgeCo.Net) – The Securities and Exchange Commission filed an emergency action ex parte against Luis Chang and Everbright Development Overseas Limited. The Commission alleges that Defendants Chang and Everbright victimized an American mining company, Allied Nevada Gold Corporation […]
Chicago-Area Attorney Charged after SEC Exam Spots Fraud in Real Estate Investment Offering
New York (HedgeCo.Net) – The Securities and Exchange Commission today charged the founder of an investment advisory firm located in suburban Chicago with defrauding investors in connection with a real estate venture for which his firm offered securities. After an […]
How one hedge fund titan could bankrupt Argentina
NYPost – On the surface, the 11-year-old battle between one 69-year-old New York hedge fund mogul and Argentina seems hardly fair — especially when several other countries joined the fight and lined up alongside the South American country. But today, […]
Activist Hedge Funds Make A Major Comeback In May
ValueWalk – Hedge funds had a decent time in May. During the month, all major strategies showed a positive return except for managed futures. The monthly report from eVestment found that the average return of a hedge fund was 1.23% […]
San Francisco tables hedge fund discussion for 90 days
Pensions & Investments – San Francisco City & County Employees’ Retirement System Chief Investment Officer William Coaker Jr. will have to wait at least 90 days before the pension fund’s board passes judgment on his plan to invest 15% of […]
IRS Issues New Rule Regarding Hedge Fund Fees
New York (HedgeCo.Net) – The IRS is backing investors who want to change the amount of fees a hedge fund firm can charge. By issuing a new rule reducing the incentive fees assessed by hedge funds for institutional investors, the […]
SS&C GlobeOp Hedge Fund Performance Index: May Performance, June Net Flows
New York (HedgeCo.Net) – The gross return of the SS&C GlobeOp Hedge Fund Performance Index for May 2014 measured 1.04%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 1.01% in June. “Net flows increased slightly […]
Ex-John Thomas hedge fund manager loses bid to toss SEC case
Investment News – Houston hedge-fund manager George Jarkesy Jr. must face a Securities and Exchange Commission case in which he was accused of steering bloated fees to the John Thomas Financial Inc. brokerage. Mr. Jarkesy lost a bid to throw […]
SEC Announces Charges Against Wedbush Securities and Two Officials for Market Access Violations
The Securities and Exchange Commission today announced charges against a Los Angeles-based market access provider and two officials accused of violating the agency’s market access rule that requires firms to have adequate risk controls in place before providing customers with […]
US Supreme Court to review Argentina hedge fund battle
AFP – The US Supreme Court will discuss Thursday whether to hear a challenge from Argentina against hedge fund investors, a case that could hold deep ramifications for the global sovereign bond market. Argentina sought the highest US court’s intervention […]
Fivestar Plans Dollar-Based Japan Hedge Fund to Lure Foreigners
Bloomberg – Fivestar Asset Management Co., a Japanese investment firm, plans to start a dollar-based hedge fund that will invest in Japanese stocks, amid growing interest in the market from foreign investors. Fivestar is seeking to raise 10 billion yen […]