Category Archives: HedgeCo News
Hedge funds record a strong first quarter and outperform MSCI World Index
New York (HedgeCo.Net) – While the end of the first quarter was down 0.18%, Hedge funds still had a strong first quarter performance generating $30 Billion. Strong returns posted by fund managers in the previous month saw hedge fund performance (Eurekahedge […]
Chicago Financial Communities raise over $670K for local charities at Hedge Funds Care Gala
New York (HedgeCo.Net) – On May 8, the Midwest financial community gathered at the 12th Annual Midwest “Open Your Heart to the Children” Benefit organized by Hedge Funds Care/Help For Children (HFC). The event raised over $670,000, which will be […]
KPMG acquires Rothstein Kass to take place of largest Hedge Fund Administrator
New York (HedgeCo.Net) – KPMG LLP, the U.S. audit, tax and advisory firm, and Rothstein Kass, a leading professional services firm in the hedge fund industry, have entered into an agreement by which most of the principals and employees of […]
Chicago-Based Hedge Fund Manager Caught Conducting A Ponzi Scheme
New York (HedgeCo.Net) – Chicago-based investment fund manager Neal V. Goyal and two hedge fund advisers that he owned and controlled –Blue Horizon Asset Management and Caldera Advisors – are being charged with violating the antifraud provisions of the Securities Act […]
The $1 Billion Club – Largest Hedge Fund Managers Dominate
New York (HedgeCo.Net) – There are currently more than 500 hedge fund managers with $1bn or more in assets under management. With these firms representing approximately 90% of total industry assets, they make up a significant proportion of all capital managed by hedge funds. […]
Hedge Fund Analyst Admits To Insider Trading
New York (HedgeCo.Net) – A former analyst at hedge fund Artis Capital Management LP pled guilty in New York federal court on Wednesday to an insider trading scheme involving Brocade Communications Systems Inc.’s $3 billion acquisition of a technology company. […]
Hedge Fund Manager Steven Cohen’s Case Delayed
New York (HedgeCo.Net) – People from US prosecutor Preet Bharara’s office have asked for a extension on a stay that has been in place since August in the case against Steven Cohen, the NYT reports. “Prosecutors want the proceeding stayed pending the […]
North Street Global Acquires LA Hedge Fund Administrator
New York (HedgeCo.Net) -Alternative asset administrator, North Street Global Fund Services, has acquired Los Angeles based hedge fund administrator Hedge Solutions, Inc. This acquisition by North Street is its second such transaction in the last 12 months and additionally expanded […]
Former Hedge Fund Manager Drops Appeal To Focus On Education
New York (HedgeCo.Net) – Former hedge fund manager Fabrice Tourre made a statement yesterday, saying he would not seek appeal at a higher court. “After careful consideration, I have decided not to pursue a lengthy appeal process which, if successful, would […]
Urban AG Accused Of Making Kickback Payments To A Hedge Fund
New York (HedgeCo.Net) – A microcap company and its CEO are being looked at by the SEC for orchestrating a pair of illicit kickback schemes and an insider trading scheme involving the company’s stock. The SEC is alleging that Massachusetts based […]
SFP Value Realization Fund Wins Best Asian Hedge Fund, Best Event Driven Fund
New York (HedgeCo.Net) – The Eurekahedge Asian Hedge Fund Awards 2014 returned to Capella Singapore for its 11th run on 23 May 2014. 300 hedge fund players got together to celebrate the region’s 76 top performing Asian hedge funds. A […]
Hedge Fund Manager DoubleLine Capital Signs Up For New CLO Tech Platform
New York (HedgeCo.Net) – DoubleLine Capital, the $50+ billion fixed income manager has announced the licensing of Vichara’s CLO trading and analysis platform which performs analysis of collateralized loan obligations (CLOs) and their underlying collateral pools. Lately, there’s been quite a […]