Author Archives: the HedgeCo News Team
US national Nixon Peabody unveils City launch
Legal Week- Nixon Peabody has unveiled its long-planned City arm, handing the top 100 US law firm its first foreign outpost, it was announced today (18 October). The seven-lawyer branch will be overseen by New York-qualified financial services […]
Hedge Fund Hires New Members To Allocation Committee
West Palm Beach (HedgeCo.Net)- The Portland City Council and the Multnomah County Commission recently appointed 2 new members to the Portland Children’s Investment Fund Allocation Committee. They are respectively: Alissa Keny-Guyer, a consultant for foundations and nonprofits; and Adrienne Livingston, […]
Ex-BWC official testifies to bribe
Columbus Dispatch- Terrence W. Gasper returned to the stand yesterday in the federal fraud trial of investment manager Mark D. Lay and described meeting a Cleveland-area broker at the Old Bag ofNails Pub in Worthington in 2004. Gasper, the disgraced […]
Baseball stars turn to hedge funds
International Herald Tribune- Now that their teams are out of the Major League Baseball playoffs, the New York Yankees catcher Jorge Posada and the Chicago Cubs outfielder Alfonso Soriano may turntheir attention to a new hedge fund investment. The star […]
Improved Performance Helps Summer Hedge Fund Outlook
New York Sun- Hedge funds’ improved performance in September helped them overcome poor returns in July and August to post an average gain of 2.4% for the third quarter, according to Morningstar Inc. The strongest returns were for hedge funds […]
Research Shows Hedge Fund Talent A Priority
West Palm Beach (HedgeCo.Net)- According to new research ‘Navigating New Complexities’ published today by Ernst & Young. The world’s leading hedge funds managers are more concerned about attracting and retaining talented people and managing growth than anything else. “Governance and […]
HSBC Investments to launch climate change fund
Reuters- HSBC Investments is set to open next month a climate change fund which will invest in companies that make their profits from fighting global warming. This is the latest in a string of such funds. Rising emissions of carbon […]
Indian Stocks Plunge After Regulator Seeks Tighter Controls
Bloomberg– Indian stocks plunged and were temporarily halted from trading after the country’s stock-market regulator proposed tightening controls on unregistered funds. The National Stock Exchange’s Nifty Index dropped almost 10 percent. Reliance Industries Ltd. and ICICI Bank Ltd. led declines […]
Funds of hedge funds see opportunities in turbulence
Reuters- Market turbulence has created windows of opportunity for managers of funds of hedge funds eager to scavenge profits from ongoing volatility even while they are wary of an economic downturn, a Reuters poll showed. The quarterly survey of 12 […]
From uranium to barges, hedge funds covet all
Reuters- Hedge funds may not be the obvious candidates to run electricity grids or barge fleets, but the race to generate ever greater returns is luring more of them to do just that. Larger energy and commodities specialist funds are […]
Ex-hedge fund manager sentenced in NYC
CNBC- A former hedge fund manager was sentenced to three years in prison Monday after he pleaded guilty to securities fraud, admitting that the scheme cost investors $88 million. John H. Whittier, 41, of Hailey, Idaho, was also ordered to […]
Court case puts spotlight on hedge fund
Stamford Advocate- Few people know much about secretive hedge fund superstar Steven Cohen and his mammoth Stamford firm, SAC Capital Advisors. But a bizarre court case has shone a glaring spotlight on the $15 billion fund, opening up Cohen’s world […]