Monthly Archives: June 2013
Hedge Fund Could Thwart Chinese Takeover of US Pork
Epoch Times – An activist investor could scuttle a proposed bid by China to acquire Smithfield Foods Inc., the biggest U.S. pork processor and hog producer. On Monday, the hedge fund Starboard Value LP sent a letter to the board […]
Hedge Fund Manager Pleads Guilty To An Elaborate Scheme To Defraud Investors
New York (HedgeCo.Net) – A North Carolina hedge fund manager who created fictional bank personnel to trick his auditor while he was defrauding investors has agreed to plead guilty to one count of securities fraud. James Shepherd, of Vass, North […]
Tim Hortons in crosshairs of second U.S. hedge fund
The Globe & Mail – Pressure is likely to mount on Tim Hortons Inc. now that it’s in the crosshairs of a second American hedge fund. Scout Capital Management says in a regulatory filing that it has boosted its Tim […]
Karvy eyes Rs 100 crore with maiden hedge fund
Business Standard – Hyderabad-based Karvy group has launched its first hedge fund, and aims to collect Rs 100 crore from a mix of high networth individuals and institutions, in its maiden foray into an industry which at its peak has managed trillions of dollars globally. […]
Hedge Fund Managers Seek to Mine DC Market
OWS – Advisors may soon see lower fees for liquid alternative asset funds – hedge fund mutual funds – thanks to the push by hedge fund managers to market these plans more aggressively into the defined contribution space, according to […]
Stan Druckenmiller Gave A Startlingly Blunt Reason For Why Hedge Fund Managers Don’t Like Bernanke
Business Insider – It’s no secret that a lot of hedge fund managers on Wall Street have no love for Ben Bernanke or his monetary policy. Journalists, economists and pundits have mused on the reason why more times that anyone […]
SEC To Reward Whistleblowers In Hedge Fund Fraud Case
New York (HedgeCo.Net) – In 2011 the SEC obtained an asset freeze against a Massachusetts hedge fund manager and his investment advisory firm. Now the SEC has said that it will award whistleblowers 15% of whatever it can collect from Andrey C. Hicks and […]
The Dow Jones Credit Suisse Hedge Fund Index Finished Up 0.42% in May
New York (HedgeCo.Net) – The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) finished up 0.42% for the month of May. Performance for the Broad Index and its 10 sub-strategies is calculated monthly. April, May and YTD 2013 […]
Corgentum Consulting to Lead Panel at Family Office & Private Wealth Management Forum
Jason Scharfman, Managing Partner of Corgentum Consulting, will be moderating at panel at Opal Financial Group’s Family Office & Private Wealth Management Forum on July 23, 2013. The forum is part of the Private Wealth Series, bringing together family offices, […]
SS&C Appoints Timothy Reilly Senior Vice President
SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced it has appointed Timothy Reilly as senior vice president of institutional outsourcing for its Institutional Services division. Mr. Reilly will leverage his extensive […]
Hedge Funds Cut Gold Bets as Paulson’s Loss Widens: Commodities
Bloomberg – Hedge funds cut wagers on a gold rally for the first time in three weeks on mounting speculation central banks will curb record stimulus and as this year’s slump in bullion spurred losses for billionaire John Paulson. The funds and […]
Now’s Best Time to Buy Art, Hedge Fund Founder Rachofsky Says
Business Week – Now is a good time to buy contemporary art, even though prices have never been higher, the Dallas-based collector Howard Rachofsky says as he digests his bratwurst. The former hedge fund manager and his wife Cindy are […]