Author Archives: the HedgeCo News Team
More Hedge Funds Deregister After Ruling
MSN MoneyCentral – More than 100 hedge fund advisers have deregistered with the Securities and Exchange Commission in the nearly three months since a federal appellate court rejected the agency’sefforts to regulate the $1.2 trillion industry. The SEC ruled that […]
Goldstein is a one-man jihad for hedge funds
Marketwatch – Phillip Goldstein warned the other day that the speech he was about to give to a bunch of hedge fund industry lawyers might be offensive. It was, and he made no apologies. All of the attention Goldstein […]
5th Annual Hedge Fund Rocks & Industry Awards
Celebrating five years and over $1 million of raised funds for Australian families afflicted with cancer, last night’s annual Hedge Funds Rock event really was something to rock on about. Over 550 guests embarked on HOME nightclub to formally recognise […]
Hedge fund wants Nabi CEO off board –
A hedge fund manager has escalated his blitz on Nabi Biopharmaceuticals with a motion to remove the company’s president and chief executive officer from his position as chairman. Meanwhile, the company announced it has engaged a securities firm to explore […]
Hedge Funds and Wine
HedgeCo.Net (New York) – Robert Lyster, co-founder of hedge fund Lyster Watson Management Inc. has found a new investment for his hedge fund millions, the land rich, cash poor, winemaking lifestyle. Wall Street wine mavens interested in purchasing a Burgundy […]
Ex-Hedge Fund manager pleads Not Guilty
HedgeCo.Net (New York) – The Securities and Exchange Commission filed a complaint against Hilary L. Shane in the United States District Court for New York this May, alleging that Shane committed insider trading and registration violations by short selling 122,900 […]
Orlando stockbroker sentenced in hedge-fund scam
Orlando Business Journal – An Orlando stockbroker has been sentenced to more than four years in prison for cheating investors out of more than $6.6 million involving two hedge funds. Charles Norman Watson, 39, was sentenced to 50 months in […]
Hedge Funds Here to Stay, Panel Says
Black Enterprise – Even in this age of market volatility and spotlighted failures, investors’ love affair with hedge funds endures. Yet investors will grow more sophisticated and will demand greatertransparency. This was the somewhat rosy picture emanating from a hedge […]
Cullen Says Hedge Funds May Be Behind New Zealand Dollar Surge
Bloomberg – Finance Minister Michael Cullen said hedge funds may be pushing up the New Zealand dollar, raising the risk of a sharper drop in the exchange rate when they sell. Hedge funds appear to be “taking short-term positions” in […]
M.D. Sass-Macquarie Launches Crow Point Partners, A Utility & Telecom Investment Management Company
HedgeCo.net ( New York ) â€â€M.D. Sass-Macquarie Financial Strategies, L.P., a joint venture between M.D. Sass and the Macquarie Group, today announced the launch of Crow Point Partners, LLC (CrowPoint), a new investment management company. Crow Point will seek to […]
Hedge fund firm Integrated
Reuters – Fund-of-hedge funds firm Integrated Asset Management, enlarged by an acquisition, said its assets under management rose to near $1.5 billion (790 million pounds) in early September from$832.9 million at the end of June. Pre-tax profit rose to 387,047 […]
GOP colleagues glad to carry Castle
Delaware Online – The two small strokes Rep. Mike Castle suffered over the weekend will keep him out of Washington for the last hectic congressional work week before the November elections. Congress is set to vote on a series of […]