Category Archives: HedgeCo News
Hennessee Index: Hedge Funds Down -0.48% In March 2014
New York (HedgeCo.Net) – The Hennessee Hedge Fund Index lost -0.48% in March (+1.50% YTD), whilethe S&P 500 gained +0.69% (+1.30% YTD), the Dow Jones Industrial Average rose +0.83% (-0.72% YTD), and the NASDAQ Composite Index declined -2.53% (+0.54% YTD). […]
Hedge Fund Acquisitions: Financial Services Giant TIAA-CREF Buys Nuveen Investments
New York (HedgeCo.Net) – The Teachers Insurance and Annuity Association – College Retirement Equities Fund (TIAA–CREF) is buying Chicago-based investment management firm Nuveen Investments in an estimated $6.25 billion deal, the two companies have announced. Nuveen Investments manages $221 billion as of December 31, 2013. […]
Hedge Fund Mergers: GEMS Group Acquires Kenmar-Olympia
New York (HedgeCo.Net) – Receiving legal and regulatory approval, alternative investor GEMS Group has acquired hedge fund group Kenmar-Olympia. “We are very happy to have concluded this acquisition that reinforces our research and international distribution capabilities.” Dr David Goldfarb, Managing […]
Dodd-Frank Wall Street Reform To Focus On Hedge Funds
New York (HedgeCo.Net) – Reuters is reporting that because of the Dodd-Frank Wall Street Reform and Consumer Protection Act the SEC is putting together a team specifically to investigate private equity and hedge funds. The Dodd-Frank Act contains more than […]
Evanston Capital Management Issues Report on Hedge Fund Replication
Evanston Capital Management, LLC, an alternative investment firm, today published a report examining the intricacies of hedge fund replication strategies. The white paper, Hedge Fund Replication: Is It Appropriate For You?, is available at www.evanstoncap.com. “While there are a limited number of top […]
Hedge Fund Law Specialists Join Bloomberg BNA
New York (Hedge Co.Net) – The Bloomberg BNA Banking Report Advisory Board is adding hedge fund law firms and specialists to its panel of practitioners and policy experts from across the spectrum of banking law. The Advisory Board will provide guidance […]
Hedge Fund People: FORT Opens NY Office
New York (HedgeCo.Net) – Hedge fund FORT Management, founded in 1993 by Yves Balcer and Sanjiv Kumar, who formerly worked together as senior fund managers at the World Bank, has expanded its operations and opened an office in New York. […]
Court Approves $1.8 Billion Settlement In SAC Hedge Fund Case
New York (Hedge Co.Net) -Steven A Cohen’s hedge fund SAC Capital Advisors has received court approval on a record criminal settlement for insider trading on Thursday, as a US judge accepted a guilty plea from the hedge fund firm. CBS reports: […]
Massachusets Retirement Board Accuses Fletcher Hedge Funds Of $50 Million Fraud
New York (HedgeCo.Net) – The Massachusetts Bay Transportation Authority (MBTA) Retirement Fund is suing New York hedge fund manager Alphonse Fletcher Jr., the Boston Globe reports. MBTA lost $25 million when Fletcher International Ltd, the master fund for the Fletcher group of hedge […]
Tech Hedge Fund To Return $2 Billion
New York (HedgeCo.Net) – Philippe Laffont, the founder of a $7 billion tech focused hedge fund has announced that he plans to return over $2 billion to investors in his flagship fund which was down 9% in March. Laffont’s hedge fund was seeded […]
Survey: Hedge Funds Struggling to Meet SEF Regulatory Preparedness
New York (HedgeCo.Net) – With the Dodd-Frank rule becoming effective for certain swaps to be mandatory when traded on Swap Execution Facilities (SEFs), a new survey by IPC Systems finds that the hedge fund industry is underprepared to meet the requirements of these […]
Eurekahedge 2014 Index Up $30 Billion In Q1, Down In April
New York (HedgeCo.Net) – Hedge funds started the first quarter of the year with another month of negative returns, down 0.18% in March as managers navigated through a choppy start to the year. However, strong returns posted by fund managers […]