Category Archives: HedgeCo News
BoA Admits Disclosure Failures to Settle SEC Charges, $245 Million Settlement
New York (HedgeCo.Net) – The SEC reports today that The Bank of America (BoA) has admitted that it failed to inform investors during the financial crisis about known uncertainties to future income from its exposure to repurchase claims on mortgage […]
New CIP Requirements Proposed By FinCEN
New York (HedgeCo.Net) – FrontLine Compliance reports that FinCEN is proposing new rules for broker-dealers and mutual funds. The latest proposal would require firms to update their CIP Programs for legal entity customers, such as partnerships, corporations, and limited liability companies. […]
SS&C GlobeOp Forward Redemption Indicator: August notifications 4.19%
New York (HedgeCo.Net) – Today SS&C GlobeOp announced that its Forward Redemption Indicator for August shows notifications of 4.19%. This figure is up from 3.15% in July. SS&C GlobeOp’s data on the GlobeOp platform represents approximately 10% of the hedge […]
AIMA: The Case For Hedge Funds
New York (HedgeCo.Net) – The Alternative Investment Management Association (AIMA), the global hedge fund industry body, has published “The Case for Hedge Funds”, a compilation of AIMA’s thought-leadership research since the global financial crisis. The 28-page booklet summarises the themes […]
Hedge Fund Background Investigations – Investigative Due Diligence Trends and Techniques
New York (HedgeCo.Net) – In an effort to discuss the current state of investor approaches to hedge fund background investigations, Corgentum Consulting announced that they will be hosting a free webinar titled, “Hedge Fund Background Investigations – Investigative Due Diligence Trends […]
SEC Releases Hedge Fund Data From Dodd-Frank PF Filings
New York (HedgeCo.Net) – The release of an annual report by the SEC to Congress under the new Dodd-Frank regulatory reform legislation shows the results of the data collected from private funds in 2014. Private Fund Regulatory Assets Under Management […]
Wedbush Charged BY FINRA For Systemic Market Access Violations, Anti-Money Laundering and Supervisory Deficiencies
New York (HedgeCo.Net) – The Financial Industry Regulatory Authority (FINRA) on Friday filed a complaint against Los Angeles-based Wedbush Securities Inc. for systemic supervisory and anti-money laundering (AML) violations in connection with providing direct market access and sponsored access to […]
Hedge Fund Assets Up By $62.6 Billion In 2014
New York (HedgeCo.Net) – US hedge fund AUM went past the $1.4 trillion mark, with assets growing by $62.6 billion in 2014, new data from independent data provider and research house Eurekahedge shows. Long/short equity, fixed income and multi-strategy funds retained the top […]
Hedge Funds Lose Appeal In Porsche Suit
New York (HedgeCo.Net) – Porsche has won a case in the US appeals court put forward by a group of over 30 hedge funds led by Greenlight Capital, Elliott International and Perry Partners, who tried to sue the carmakers for 1.81 billion […]
Credit Suisse: Hedge Funds Down 0.31% In July
New York (HedgeCo.Net) – The Credit Suisse Hedge Fund Index (the “Broad Index”) finished down 0.31% for the month of July. Performance for the Broad Index and its ten sub-strategies is calculated monthly. June, July, and YTD 2014 performance numbers are […]
Zacks: BlackRock, Blackstone Under SEC Scrutiny
New York (HedgeCo.Net) – Hedge fund research group Zacks reports that The U.S. Securities and Exchange Commission (SEC) has come up with the regulatory examination of alternative mutual funds. These mutual funds, proposed to be more risky than standard ones, […]
California Hedge Fund Manager Gets 14 Months For “Side Pocket” Investments
New York (HedgeCo.Net) – Former Bay Area hedge fund manager and philanthropist Lawrence Goldfarb has received a sentence of over a year behind bars for concealing more than $12 million in investment proceeds that was owed to investors in his fund. In […]