Author Archives: the HedgeCo News Team
Hedge-Fund Managers Assets Go on Sale
Houston Chronicle – The assets of a hedge-fund manager indicted for scamming several pro football players out of millions of dollars will go up for auction later this month _ revealing a lavish lifestyle for the 35-year-old. Kirk Wayne Wright […]
New Star chief voices fears over hedge fund ploys
Telegraph.co.uk – John Duffield, founder chairman of New Star Asset Management, has raised serious concerns about the issue of fund managers front-running their long-only funds, such as unit trusts or investment trusts, with hedge funds. Front-running is the practice of […]
Venus Capital Launches Venus Special Situations Fund
HedgeCo.net ( New York ) Venus Capital Management, Inc. has launched a new Event driven fund, the Venus Special Situations Fund. The general objective of the Fund is to seek long-term growth of capital by investing in event driven arbitrage […]
Gold Recoups Losses
WEST PALM BEACH, FL (HEDGECO.NET) – The recent gold recoup was propelled mostly by hedge funds and other professional investors seeking investment for more of their money, according to Bernard Hunter, director of precious metals at Bank of Nova Scotia […]
Hedge Funds bet on Hurricanes
WEST PALM BEACH, FL (HEDGECO.NET) – In an article by Mike Anderson and Oliver Suess, Bloomberg poses a story with a twist on hedge funds and “catastrophe bonds.†As insurers sell more of the securities to protect themselves from increasingly […]
Judge revokes bond for hedge fund manager accused in fraud scheme
Macon Telegraph – A federal judge revoked bond Thursday for a hedge fund manager accused of bilking investors ranging from NFL players to his own mother out of millions of dollars after a prosecutordisclosed the suspect kept a journal in […]
Conn. mom helped son run hedge fund scam
Macon Telegraph – A Greenwich mortgage broker admitted that she helped her college-age son recruit investors in a multimillion-dollar hedge fund scam but said she really believed he was a savvy moneymanager. Ayferafet Yalincak, 51, pleaded guilty to conspiracy to […]
Pensions still look to hedge funds for high returns
Reuters – Low expected returns from stocks and bonds has persuaded some of the worlds biggest pension funds to look at hedge funds as a way of boosting their portfolios, panellists at a hedge fundconference said on Tuesday. Poor average […]
Hedge fund conflicts still largely kept secret –
San Diego Daily Transcript – When an adviser, consultant or broker recommends a hedge fund or fund of funds, he or she may not be pitching the best investment for you because there’s a commission at stake. Except for […]
Hedge Funds Will Be Regulated, One Way or Another: Chet Currier
Bloomberg – Don’t be misled by the recent news that a U.S. court blocked the Securities and Exchange Commission from regulating hedge funds. The hot-as-a-pistol $1.2 trillion hedge fund business hasn’t permanently escaped the clutches of regulators. It has only […]
Rewarding the hard yards
Moneyweb – Balding, bespectacled and slight of build, Bill Bowder is an unlikely attraction in a city which constantly reminds you that the world’s biggest movie stars gather here every year. Amongthe hedge fund fraternity, though, Bowder’s celebrated like Charlize […]
FSA defends right to fine Jabre
Reuters – The Financial Services Authority (FSA) said it was within its rights when it fined high-profile hedge fund manager Philippe Jabre for market abuse in Japan because the effects of globalfinancial trades are felt worldwide. Jabre, a former top […]