Category Archives: HedgeCo News
Texas Tycoon To Pay Up To $4 Million In Fines
New York (HedgeCo.Net) – Defendant Sam Wyly and the estate of his now deceased brother Charles Wyly, have been ordered to pay disgorgements that could reach $400 million, potentially bankrupting the Texas “entrepreneur.” The Wylys’ scheme defrauded the investing public […]
Regulators Take A Closer Look At Hedge Fund “Dividend Arbitrage” Strategy
New York (HedgeCo.Net) – Banks that are helping hedge funds avoid taxes through a strategy known as “dividend arbitrage,” are being questioned by US regulators, the WSJ reports. The strategy can help clients cut taxes from as much as 30% […]
Barclays Capital Pays $15 Million For Compliance Failures After Acquiring Lehman’s Advisory Business
New York (HedgeCo.Net) – Barclays Capital has agreed to pay a $15 million penalty and to undertake remedial measures after being charged by the Securities and Exchange Commission with failing to maintain an adequate internal compliance system to ensure the […]
HedgeCoVest Demonstrates New Platform At Finovate New York
New York (HedgeCo.Net) – HedgeCo Networks has given a demonstration of HedgeCoVest, their new, real time hedge fund replication platform, at the national Finovate conference on September 23-24, 2014 in New York. HedgeCoVest featured 20 investable hedge fund portfolios at the […]
HedgeFund People: BTIG Expands With 2 New Hires
New York (HedgeCo.Net) – BTIG LLC, a global financial services firm specializing in institutional trading, investment banking and related brokerage services, is expanding its Futures and Commodities desk with the hires of Eric Silverman and Jordan Lichtenstein. Eric and Jordan […]
Hedge Fund Give $50 Million To Fund Breakout Artists
New York (HedgeCo.Net) – Fortress Credit Corp., an affiliate of $63.8 billion hedge fund manager Fortress Investment Group LLC, has invested $50 million in new capital commitments to independent music publishing company, Spirit Music Group, to pursue its expansion plans. […]
Former Money Manager Charged With Stealing Hedge Fund Fees
New York (HedgeCo.Net) – Former hedge fund manager Sean C. Cooper has been accused of fraudulently taking excess management fees from the accounts of investors, the SEC reports. An investigation found that Cooper improperly withdrew more than $320,000 from a […]
JOBs Act: SEC Warns Hedge Funds Of Misrepresenting Themselves In Advertising
New York (HedgeCo.Net) – The SEC has warned that 13 hedge funds and their advisers have been only reporting favorable information about themselves, leaving out their losing bets in past performance when advertising under the new JOBs Act. “We plotted […]
Hedge Fund Founder Says The Arrest Of Systema Boss Is A Warning From Putin
New York (HedgeCo.Net) – Hedge fund founder and critic of corruption in Russia, Bill Browder, has a lot to say about the arrest of one of Russia’s richest men, Vladimir Yevtushenkov, The Guardian reports. “I don’t know if Yevtushenkov did […]
Agecroft Partners Predicts 5 Top Outcomes of CalPERS divesting of Hedge Funds
New York (HedgeCo.Net) – CalPERS’ announcement to divest of hedge funds has created a significant buzz in the media with many people wondering what impact this will have on the hedge fund and pension fund industries going forward. Donald A. […]
Hedge Fund Investors Cut Corners On Background Investigations
New York (HedgeCo,Net) – Corgentum Consulting announced the results of a survey that shows investors and operational due diligence analysts under research hedge funds when it comes to background investigations. 37% of those surveyed stated that they do not conduct any […]
Hedge Funds Underperform in August
New York (HedgeCo.net) – The Hennessee Hedge Fund Index gained +1.05% in August (+2.96% YTD), while the S&P 500 gained +3.77% (+8.39% YTD), the Dow Jones Industrial Average rose +3.23% (+3.15% YTD), and the NASDAQ Composite Index jumped +4.82% (+9.67% […]