Category Archives: HedgeCo News
Hedge Fund Drops Lawsuit Against Anonymous Blogger
New York (HedgeCo.Net) – David Einhorn, the founder of hedge fund Greenlight Capital has dropped a lawsuit aimed at finding an anonymous blogger anonymous blogger “Valuable Insights” who posts on financial website Seeking Alpha. “Greenlight dropped the suit of its own accord,” […]
Hedge Fund Hollis Park Partners Raises $225 Million
New York (HedgeCo.Net) – HFMWeek reports that New York based hedge fund Hollis Park Partners has raised $225m in early commitments and now plans to temporarily close to investment. The fund was founded in December by former Deutsche Bank mortgage-bond […]
Hedge Fund People: Tech Specialist Leaves Deutsche Bank
New York (HedgeCo.Net) – Deutsche Bank’s fund-administration business has lost a key executive. John Wallace, a managing director who formerly co-headed the alternative fund services group. Wallace left the bank at the end of February. He spent 23 years at […]
SEC Charges Two In Insider Trading Deal Where Middleman Ate The Evidence
New York (HedgeCo.Net) – A stockbroker and a managing clerk at a hedge fund law firm have been charged with insider trading and making illicit profits of $5.6 million during a four-year period, Reuters reports. Vladimir Eydelman and Steven Metro […]
Hedge Funds Grab a Stake In Bitstamp
New York (HedgeCo.Net) – New York private equity firm Fortress Investment Group and two other investors, Benchmark Capital and Ribbit Capital, are buying a stake in Pantera Bitcoin Partners, a San Francisco-based hedge fund operator that buys and sells virtual currencies, Reuters reports. Pantera invested about […]
Neuberger Berman Mid Cap Growth Fund Surpasses $1 Billion In Assets
New York (HedgeCo.Net) – Hedge fund investor Neuberger Berman Group’s Mid Cap Growth Fund has exceeded $1 billion in assets under management following investor inflows and investment gains (as of February 21, 2014) since January 31, 2003. The Fund’s two share […]
USB Launches Equity Hedge Fund & Swiss Distribution System
New York (HedgeCo.Net) – Swiss banking giant UBS is launching an equity-focused hedge fund according to a WSJ report. The new hedge fund will be called Capital and Consulting Services and will be run by Michael Sales, the Global Head of Business […]
Eurekahedge: Hedge Fund Inflows Of $11 Billion Last Month
New York (HedgeCo.Net) – Hedge funds posted their best performance in the last 12 months, up 1.79% with fund managers delivering performance-based gains of $15 billion and recording net asset inflows of $11 billion during the month, the March 2014 […]
New Whitepaper From Riveles Law Group: Launching a Hedge Fund
New York (HedgeCo.Net) – New York hedge fund attorneys Riveles Law Group has put out a new whitepaper outlining the legal, structural and practical considerations to be evaluated in establishing a hedge fund. The whitepaper covers offshore and domestic funds, hedge […]
Hennessee Hedge Fund Index Up +2.46% In February
The Hennessee Hedge Fund Index increased +2.46% in February (+2.18% YTD), while the S&P 500 gained +4.31% (+0.60% YTD), the Dow Jones Industrial Average rose +3.97% (-1.54% YTD), and the NASDAQ Composite Index jumped +4.98% (+3.15% YTD). Bonds were positive […]
SAC Affiliate Settles SEC Insider Trading Charges
New York (HedgeCo.Net) – Ronald Dennis, who worked at Steven A. Cohen’s SAC affiliated CR Intrinsic Investors has settled with the SEC on insider trading charges, Reuters reports. Ronald Dennis agreed to be barred from the securities industry and pay more than $200,000 […]