Category Archives: HedgeCo News
Florida Hedge Fund Firm Charged With $17 Million Fraud Scheme
New York (HedgeCo.Net) – A West Palm Beach-based hedge fund advisory firm and its founder have been charged by the SEC with fraudulently shifting money from one investment to another without informing investors, the South Florida Business Journal reports. The firm’s […]
More Than One Hedge Fund Hacked In Sophisticated Cybercrimewave
New York (HedgeCo.Net) – An unnamed hedge fund was attacked by cybercriminals in 2013, causing them to lose millions of dollars and disrupting the firm’s high-speed trading, CNBC reports. Tech company BAE Systems reported the hack, saying “It’s pretty amazing, the […]
SAC Affiliate Settles SEC Insider Trading Charges For $600 Million
New York (HedgeCo.Net) – The US courts have approved a $600 million fine to settle SEC charges that hedge fund advisory firm CR Intrinsic Investors participated in an insider trading scheme involving a clinical trial for an Alzheimer’s drug, Reuters reports. […]
Hedge Fund Giant Man Group Acquires Boston Equity Manager
New York (HedgeCo.Net) – A privately-owned, Boston-based quantitative equity manager with $14.7 billion FUM has been acquired by hedge fund giant Man Group plc for approximately $325 million. “We are delighted to announce the acquisition of Numeric, which has an […]
J.P. Morgan Asset Management Launches First ETF
New York (HedgeCo.Net) – J.P. Morgan Asset Management has announced that its first ETF, JPMorgan Diversified Return Global Equity (JPGE), officially launched for trading. The fund represents the next generation of strategic beta ETFs, seeking to provide global equity returns […]
Raj Rajaratnam Denied Retrial By Supreme Court
New York (HedgeCo.Net) – The Supreme Court on Monday denied jailed hedge fund manager Raj Rajaratnam’s request to have the appeal of his insider trading. Rajaratnam, who co-founded hedge fund Galleon Management and Chiesi, a former trader with New Castle Funds, face up to 20 years in […]
Rengan Rajaratnam’s Hedge Fund Fraud Charges Go To Trial
New York (HedgeCo.Net) – Rengan Rajaratnam’s trial for hedge fund insider trading has begun. Rengan Rajaratnam was charged with conspiracy to commit securities fraud and six counts of securities fraud. He has been charged with conspiring with his older brother Raj, to cheat on […]
Hedge Fund Firm Paradigm Settles Whistleblower Retaliation Charges For $2.2 Million
New York (HedgeCo.Net) – NY hedge fund advisory firm Paradigm Capital Management and its owner Candace King Weir have agreed to pay $2.2 million to settle SEC charges of engaging in prohibited behavior and then retaliating against the employee who […]
The June Eurekahedge Report: $200 Billion In New Hedge Fund Capital
New York (HedgeCo.Net) – Hedge funds rebounded strongly in May following April’s and March’s losses to finish the month up 1.12%, Eurekahedge reports. All hedge fund regional mandates ended the month in positive territory and since January 2013, investors have […]
Exhilway Exits “Risky” Hedge Fund Business, Reassigns Funds
New York (HedgeCo.Net) – Global hedge fund player since 1974, Exhilway, has exited its “risky” hedge fund business in Australia and is starting up a new market neutral hedge fund focusing on the United States and Europe, as well as […]
Survey Finds 73% of PE-Backed Companies Are Making New Investments
New York (HedgeCo.Net) – According to the Private Equity Growth Capital Council’s inaugural Private Equity Decision Makers Survey, nearly three fourths (73 percent) of private equity professionals responsible for investment decisions say a majority of their portfolio companies are hiring and […]