Monthly Archives: June 2014
Hedge-Fund World’s One-Man Wealth Machine
WSJ – In the Back Bay neighborhood of Boston, one man is building a moneymaking machine that rivals some of the hedge-fund industry’s biggest names. Calls to his office go unreturned even from those eager to fork over eight-figure sums, […]
Chicago Financial Communities raise over $670K for local charities at Hedge Funds Care Gala
New York (HedgeCo.Net) – On May 8, the Midwest financial community gathered at the 12th Annual Midwest “Open Your Heart to the Children” Benefit organized by Hedge Funds Care/Help For Children (HFC). The event raised over $670,000, which will be […]
KPMG acquires Rothstein Kass to take place of largest Hedge Fund Administrator
New York (HedgeCo.Net) – KPMG LLP, the U.S. audit, tax and advisory firm, and Rothstein Kass, a leading professional services firm in the hedge fund industry, have entered into an agreement by which most of the principals and employees of […]
Chicago-Based Hedge Fund Manager Caught Conducting A Ponzi Scheme
New York (HedgeCo.Net) – Chicago-based investment fund manager Neal V. Goyal and two hedge fund advisers that he owned and controlled –Blue Horizon Asset Management and Caldera Advisors – are being charged with violating the antifraud provisions of the Securities Act […]
U.S. SEC Loses Insider Trading Case Against Hedge Fund Manager
FOX – The U.S. Securities and Exchange Commission suffered a loss on Friday in a long-running case against a New York hedge fund manager and two others accused of engaging in a $1.3 million insider trading scheme. A federal jury […]
Hedge fund exec wins battle in bitter custody war against ex
NYP – Suzanne Murphy — the hedge-fund exec who claimed she was threatened by her ex-husband’s young Polish wife — has won a round in her bitter custody battle with investment banker Robert B. Albertson, 67. A judge ruled this […]
Hedge Fund Cover Without the Hedge Fund Fees
Bloomberg – Most people think hedge funds aim to shoot the lights out and return a zillion percent. The funds are mocked for not beating the S&P 500 Index, which is up 136 percent over five years. Not to defend […]
It’s hedge funds that should ‘get no respect’
MarketWatch – Rodney Dangerfield was famous for saying, “I don’t get no respect.” Hedge funds, in my opinion, are the flip-side of Rodney Dangerfield — they get too much respect. In 2013, almost $64 billion of new money was invested […]
Hedge funds: the mysterious power pulling strings on Wall Street
Guardian – Hedge funds, those financial funds run by extraordinarily rich men, are going mainstream. Not content to be investments for just the super rich and super connected, they are starting to offer services to the average investor A good […]
KKR liquidates former Goldman Sachs traders-run hedge fund
Reuters – KKR & Co LP said on Sunday it had decided to terminate a hedge fund that invested in stocks which the private equity firm had launched in 2011 after poaching a team of proprietary traders from investment bank […]
Man’s Fund Of Hedge Fund Arm Seeds AI Company
New York (HedgeCo.Net) – Man Group plc’s fund of hedge fund division, FRM, has made a seed allocation to Norwegian applied mathematics, economics, computer linguistics, and software development company CommEq Asset Management. Man is also helping CommEq launch an institutional […]
Update: Global Investment Management Industry Revenue Climbs Past Pre-Crisis Peak
New York (HedgeCo.Net) – Median pre-tax operating margins rose to 32%, the highest since 2007, new research shows. The new high in profit margin was driven by market appreciation, which also lifted 2012 revenue in the global asset management industry past […]