Category Archives: HedgeCo News
Hedge Fund People: Alexander Jansson appointed CEO of CB Asset Management
New York (HedgeCo.Net) – Portfolio manager Alexander Jansson was appointed CEO of EU hedge fund CB Asset Management by the board of directors. Carl Bernadotte will continue as portfolio manager. “It feels good to hand over the reins internally to […]
Hedge Funds Up In January
New York (HedgeCo.Net) – Today SS&C GlobeOp announced that its Hedge Fund Performance Index for January measured 1.39% and its Capital Movement Index showed net flows advance 0.94% in February. “Net flows were positive for the month, with subscriptions outpacing […]
Permal Group Launches Alternative Multi-Manager Mutual Fund
New York (HedgeCo.Net) – Legg Mason affiliate Permal Group, has launched Permal Alternative Select Fund , its first open end alternative mutual fund. The multi-strategy fund, which offers investors daily liquidity, is sub-advised by a selection of leading hedge fund […]
Two Hong Kong-Based Firms to Pay $11 Million for Insider Trading
New York (HedgeCo.Net) – The Securities and Exchange Commission today announced that two Hong Kong-based asset management firms whose accounts were frozen in a major insider trading case have agreed to pay nearly $11 million to settle the charges against […]
Rengan Rajaratnam Wants Dismissal Of Hedge Fund Fraud Charges
New York (HedgeCo.Net) – The District Court in New York has filed a motion to dismiss insider trading charges against Rengan Rajaratnam, the younger brother of the now imprisoned hedge fund billionaire Raj Rajaratnam The New Yorker was charged with conspiracy to […]
Joe Torre to Present manager of Marathon Asset Management with “Award for Caring”
New York (HedgeCo.Net) – Former New York Yankees Manager, Chairman of The Joe Torre Safe At Home Foundation, and prior recipient of the Hedge Funds Care/Help For Children (HFC) award, Joe Torre, will present Marathon Asset Management’s Bruce Richards with the […]
CNBC’s Jim Cramer To Speak To NJCU Students
New York (HedgeCo.Net) – Retired hedge fund manager Jim Cramer, the host of CNBC’s Mad Money is hosting a broadcast event sponsored by the New Jersey City University (NJCU). A magna cum laude graduate of Harvard College, Cramer earned his […]
Hedge Fund Trader Mathew Martoma Found Guilty
New York (HedgeCo.Net) – Former SAC Capital trader Mathew Martoma has been found guilty of insider trading in what is being called the most lucrative hedge fund insider trading cases ever prosecuted. “As the jury unanimously found, Mathew Martoma cultivated and […]
Hedge Funds Shortlisted For ‘The AIF Factor’ Competition In Amsterdam
New York (HedgeCo.Net) – Six alternative investment funds have been selected from over 60 entries to compete in ‘The AIF Factor’ at next week’s 3rd Amsterdam Investor Forum (AIF), organised by ABN AMRO Clearing. Delegates comprising more than 200 institutional […]
Hedge Fund Trends: Mobile Commerce Retailing
New York (Hedgeco.Net) – Michael Zimmerman’s hedge fund Prentice Capital says that according to new December 2013 data, one-third of online shoppers now only use their mobile devices when shopping. Zimmerman, who has long held the view that retailers need […]
Warren Buffett’s $1 Million Hedge Fund Bet
New York (HedgeCo.Net) – Billionaire philanthropist Warren Buffett made a decade long bet with hedge fund manager Protégé Partners that funds that invest in hedge funds couldn’t beat the stock market , profit wise. The prize, Berkshire Hathaway stock worth almost $1.3 million as of the end […]