Category Archives: HedgeCo News
CFTC Updates Exemption for Hedge Funds To Match The JOBs Act
New York (HedgeCo.Net) – The CFTC has issued a letter providing exemptive relief (for some hedge funds) from the general solicitation restrictions in order to harmonize the CFTC rules with the SEC rules changes arising from the Jumpstart Our Business […]
Hedge Funds Rebound In August Gaining 1.36%
New York (HedgeCo.Net) – The Eurekahedge September Index Flash reports that hedge funds were up 1.36% in August, with preliminary figures showing that managers posted performance-based gains of US$5.5 billion during the month. Highlights include: Emerging markets and North America […]
Hedge Fund Manager & Accomplice Charged With Portfolio Pumping
New York (HedgeCo.Net) – Minneapolis-based hedge fund manager Steven R. Markusen and an accomplice Jay C. Cope have been charged by the SEC with bilking investors in two hedge funds out of more than $1 million under the guise of […]
Hedge Fund Trader Mathew Martoma Gets 9 Years Behind Bars
New York (HedgeCo.Net) – Former SAC Capital trader Mathew Martoma has been sentenced to nine years in prison for his part in a scheme involving an Alzheimer’s Disease drug trial to make his hedge fund approximately $276 million. “I cannot and will […]
Satish Joins American Century Investments to Head Global Portfolio Analytics & Engineering Team
New York (HedgeCo.Net) – American Century Investments today announced that Peruvemba Satish has joined the company as a senior vice president responsible for the firm’s newly created Global Portfolio Analytics and Engineering group. Satish reports to American Century Investments Co-Chief […]
Hedge Fund People: Cantor Fitzgerald Wealth Partners Expands National Team
New York (HedgeCo.Net) – Cantor Fitzgerald Wealth Partners, LLC, an affiliate of Cantor Fitzgerald serving the private wealth management market, continues to expand its team with the addition of financial industry veterans Jack D. Mounts and Michael Lonk. Messrs. Mounts […]
Broadridge And BI-SAM To Launch Hedge Fund Solution Platform
New York (HedgeCo.Net) -Broadridge Financial Solutions, Inc. and BI-SAM, are launching of Broadridge Investment Management Solutions (IMS) Performance Reporting, an integrated suite that includes order management, portfolio management, risk reporting and a data warehouse; in essence a complete, integrated and […]
Three Hedge Fund Managers In Jail Over $40 Million ‘Black Diamond’ Ponzi Scheme
New York (HedgeCo.Net) Three hedge fund managers have been sentenced in connection with a $40 million investment fraud conspiracy, Jeffrey M. Toft, 51, of Sioux Fall, S.D., was sentenced to 66 months in prison followed by two years of supervised […]
First Opportunity Fund Announces Redemption of Hedge Fund Positions
New York (HedgeCo.Net) – First Opportunity Fund, Inc. announced today that it had given its notice of redemption with respect to its remaining hedge fund investments. In July of this year, the Fund was notified of proposed structural changes to […]
Blackstone Hiring Hedge Fund Veterans For New Fund
New York (HedgeCo.Net) – Hedge fund investor Blackstone is now hiring top hedge fund talent for the launch of Blackstone Senfina Advisors LLC, a new hedge fund that will will have to up to 30 teams of seasoned investors with $100 […]
Morningstar: Hedge Funds Up In July
New York (HedgeCo.Net) – Morningstar today reported preliminary hedge fund performance for July 2014 as well as estimated asset flows for June 2014: The Morningstar MSCI Composite AW Hedge Fund Index decreased 0.3% in July, but is up 3.4% for […]
Credit Suisse Hedge Fund LAB Index Up 1.84% in August
New York (HedgeCo.Net) – The Credit Suisse Liquid Alternative Beta Index (“CSLAB”), which aims to reflect the performance of the overall hedge fund industry, finished up 1.84% in August. The Managed Futures strategy was the strongest performer for a second […]