Category Archives: HedgeCo News
New Hedge Fund Managers Join Forbes’ Billionaire List
New York (HedgeCo.Net) – The new Forbes billionaire list reports that there are now 46 hedge fund billionaires on the list, with 6 of them newcomers. Michael Platt of BlueCrest Capital Management joins the ranks of new hedge fund billionaires; as well […]
Hedge Fund People: BNY Mellon Names Frank La Salla CEO Of AIS Business
New York (HedgeCo.Net) – BNY Mellon, a leading administrator of alternative assets, including single manager hedge funds, funds of hedge funds and private equity, now has more than $645 billion of alternative assets under administration and/or custody. The bank has appointed Frank La Salla as […]
Hedge Funds Flocking To Ireland
New York (HedgeCo.Net) – The Irish Funds Industry Association (IFIA) is reporting an uptake in applications by fund managers seeking authorisation in Ireland under the new Alternative Investment Fund Managers Directive (AIFMD). According to information released from the Central Bank […]
Google & Autism Speaks Invite Hedge Funds To Listen
New York (HedgeCo.Net) – In an effort to link private investors and hedge funds to innovative autism-related business developments, Autism Speaks, a leading autism nonprofit, is teaming up with Google to hold the 2014 Autism Investment Conference. The event will be held March 4-5 […]
$12 Million Fraud: Over 5 Years In Jail For Hedge Fund Manager
New York (HedgeCo.Net) – A NY hedge fund manager was sentenced to 5 and a half years in prison for defrauding investors in a $12 million scheme, Reuters reports this morning. Lloyd Barringer pled guilty in July 2013 to four counts of […]
Hedge Fund Founder Speaks At Harvard Business School
New York (HedgeCo.net) – George Schultze, Founder and Managing Member of hedge fund Schultze Asset Management, LLC., was a lead speaker in Harvard Business School’s Creating Value Through Corporate Restructuring course taught by Professor Stuart Gilson yesterday. During the three […]
Six Hedge Fund Players Top $1 Billion Payday
New York (HedgeCo.Net) – Forbes put out a list of hedge fund executives with the most pay in 2013. The 25 highest-earning hedge fund managers and traders made $24.3 billion in 2013. George Soros had the highest pay, $4 billion. […]
Republican Hedge Fund Manager Backs Gay Marriage
New York (HedgeCo.Net) – Paul Singer, the founder and CEO of hedge fund Elliott Management, presented awards to Ted Olson and David Boies, the two lawyers that won the Claifornia Supreme Court case challenging Proposition 8. “The building block of every community is […]
Hedge Fund Strategy: BNY Mellon Acquires HedgeMark
New York (HedgeCo.Net) – BNY Mellon has signed an agreement to acquire the remaining 65% interest of current affiliate and hedge fund risk analytic services, HedgeMark International, LLC., Zacks Equity Research reports. BNY Mellon has held a 35% ownership stake in HedgeMark since […]
SEC Files Court Brief to Protect Whistleblowers From Retaliation
New York (HedgeCo.Net) – The SEC filed a “friend-of-the-court” brief, arguing that whistleblowers are entitled to protection from employer retaliation, even if they report the wrongdoing only to their employer and not to the SEC. The SEC stated that a whistleblower […]
Deutsche Bank: Hedge Funds To Reach $3 Trillion In 2014
New York (HedgeCo.Net) – Hedge funds are expected to reach a record breaking $3 trillion by year-end 2014, up from $2.6 trillion in 2013, Deutsche Bank reports. The 12th annual Alternative Investor Survey is is based on investors’ predictions of $171 billion […]