Author Archives: the HedgeCo News Team
Hedge fund manager accused
A Melville man has been charged with running a phony hedge fund that cheated one client out of at least $150,000, according to officials. Michael Molitor, 41, pleaded not guilty to a charge of fraud yesterday in U.S. District Court […]
S.Africa plans to regulate hedge funds
JOHANNESBURG, April 25 (Reuters) – South African regulators plan to bring the hedge fund sector within the scope of current legislation to increase investor protection, the Reserve Bank said on Wednesday. “Similar to other international initiatives, South African regulators intend […]
MD Sass Adds Two New Senior Portfolio Managers
HedgeCo.net – MD Sass, a leading investment management firm, has added two new senior portfolio managers. Melissa S. Sheer has joined as a Vice President in its Tax-Exempt FixedIncome Division. Mark Crawley has joined as a Director of MD Sass affiliate Waterfall Asset Management, […]
VanthedgePoint Joins With G Squared to Launch Fund Of Funds
HedgeCo.net – G Squared Group Asset Management has teamed up with hedge fund services provider VanthedgePoint Group LL by purchasing a 10% minority stake and is launching a fund of hedge fundcomprised solely of its emerging manager clients. “By partnering […]
Hollywood Meets Hedge Funds
As Hollywood and hedge funds enjoy an ever closer relationship, a conference that began this week at the Beverly Hilton may help to strengthen those ties. The gathering, held by the Milken Institute, a think-tank founded by the former junk-bond […]
Baha’s Superfund Pitch Grabs Ranieri, Annoys Hedge Fund Rivals
Three salespeople surround a speakerphone in a glass-fronted store across from the main New York Public Library on Fifth Avenue, talking with counterparts in Chicago and Toronto. In the lobby, flat-panel TVs run a loop of commercials for commodity […]
New Jersey To Invest in Fund of Funds
HedgeCo.net – According to a due diligence memorandum presented to the New Jersey State Investment Council by director William Clark, NJ has a proposed $100 million investment in each of two Blackstone funds of funds strategies, Pacific Opportunities Strategy and […]
Hedge Funds & The Uranium “Arms Race”
HedgeCo.net – Several hedge funds have been buying largely into the processed uranium market, causing most of the new demand for uranium and helping drive up the price more than fourfold within thepast year. Some hedge funds that have been […]
Hedge funds now a player in national politics
Two years ago, former senator John Edwards of North Carolina, gearing up for his second run at the Democratic presidential nomination, gave a speech decrying the “two different economies in thiscountry: one for wealthy insiders and then one for everybody […]
MTS puts off allowing hedge funds access to interdealer platforms
London – MTS SpA’s supervisory board has decided not to allow hedge funds immediate access to its interdealer government-bond platform, but instead has instructed its management board to ‘formulate practical proposals’ after consultation today with its third-party access committee and […]
Risks abound in rush to private Asia deals
Jakarta – Hedge fund managers craving higher returns from pre-IPO investments are taking a one-way bet on such deals in emerging Asian economies like Indonesia, and will be left with big losses and no exit if they go awry. Credit […]
Hedge funds’ pay poses lobby challenge
Los Angeles -Another hedge fund lobby group is being formed to ward off heightened regulation, but industry experts acknowledged that attempts to repair fund managers’ image as freewheeling, unregulated risk takers may be futile because large funds are so profitable. […]