Monthly Archives: June 2011
Celebrity Poker Winnings Came From Hedge Fund Ponzi Scheme, Victims Claim
New York (HedgeCo.net) – Tobey Maguire, Leonardo DiCaprio, Ben Affleck and Matt Damon are among a dozen high-profile celebrities alledged to have been involves in an illegal poker ring. Some of the celebrities are being sued, according to Star Magazine, […]
Hedge Fund Launches: Northlight’s $100 Million Middle Market Loans Fund
New York (HedgeCo.net) – Hedge fund adviser and private equity debt investment manager, Northlight Financial LLC, has announced the formation of Northlight LP, a limited partnership that will provide asset backed loans to middle market companies, acquire whole loans in the secondary […]
SEC Extends Deadline for Currently Unregistered Investment Advisors
Rothstein Kass – The U.S. Securities and Exchange Commission (SEC) extended the registration deadline for currently unregistered investment advisors to March 30, 2012. In addition, the SEC adopted rules to implement Title IV provisions of the Dodd-Frank Act relating to […]
Institutional Investor’s 9th Annual Hedge Fund Industry Award Winners
The Institutional Hedge Fund Firm of the Year award was given to Appaloosa Management (the main fund was 10% YTD and the Thoroughbred fund 8% as at end-February). The Emerging Hedge Fund Firm award was won by Hutchin Hill Capital. The […]
Hedge-Fund Founders Eye N.J. Schools
WSJ – A new group backed by two hedge-fund founders is taking aim at New Jersey’s largest teachers union. Better Education for Kids wants to end the use of seniority in teacher-hiring decisions, implement an effective teacher-evaluation system and weaken tenure. […]
JPMorgan flexes muscle with European hedge funds
Reuters – JPMorgan Chase & Co took a big step in expanding its footprint in the global prime brokerage business on Wednesday by launching complete prime services for European hedge funds. Since the financial crisis three years ago when hedge […]
Greek crisis is a money spinner for hedge funds
Telegraph – Fund managers gathered in Monaco for the GAIM conference have said that depressed asset prices and rock-bottom debt instruments could be worth the risk. Robert Marquardt, founder of Signet, a fund of hedge funds, told reporters that the […]
Hedge fund bosses sound alarm on super-sized funds
Reuters – Hedge fund investors are turning cautious on huge, multi-billion dollar funds, say executives meeting in Monaco this week, and see better returns from the boutique funds that were once the driving force of the industry. Executives at the […]
Man Launches Multi-Strategy UCITS Hedge Fund
New York (HedgeCo.net) – Man Group plc has successfully launched the Man GLG Multi-Strategy fund – the first combined UCITS fund to result from Man’s acquisition of GLG Partners, Inc. in 2010, which created the world’s largest independent alternative asset […]
Fortress Wins At 9th Annual Hedge Fund Industry Awards
New York (HedgeCo.net) – Fortress Investment Group LLC was named the Credit-Focused Hedge Fund Firm of the Year by Institutional Investor at the magazine’s 9th Annual Hedge Fund Industry Awards. The awards recognize firms across the hedge fund sector distinguished by […]
Japan pensions bet on hedge funds to boost returns
Reuters – Japan’s corporate pension funds, hobbled by a sluggish domestic stock market, are raising their allocations to hedge funds as they scramble to boost returns for the country’s ageing population. The move is part of a broader trend in […]
J.P. Morgan fined by SEC over mortgage securities
MarketWatch – J.P. Morgan Chase & Co. will pay $154 million to settle Securities and Exchange Commission charges that it misled investors in a complex mortgage-securities transaction at the onset of the collapse of the housing market, the agency said […]