Category Archives: HedgeCo News
Goldman Sachs Hedge Fund Trader Denied New Trial, SEC Wants Money Transfer To US
New York (HedgeCo.Net) – Fabrice Tourre, the former Goldman Sachs hedge fund trader with the nickname “Fabulous Fab” has been denied a new trial by Judge Katherine Forrest in Manhattan. Tourre was found liable for fraud by a jury in Manhattan on six of […]
The Top 100 Hedge Funds In 2013
New York (HedgeCo.Net) – Bloomberg Markets Magazine has compiled a list of the top hedge funds in 2013 with three lists of top performers: 100 funds with assets greater than $1 billion; 25 funds with assets of $250 million to $1 billion; […]
Hedge Fund Regulation: SEC Names New Chief of Complex Financial Instruments Enforcement Unit
New York (HedgeCo.net) – The SEC today announced that Michael J. Osnato, Jr. has been named chief of the Enforcement Division unit that conducts investigations into complex financial instruments. “I am honored and gratified to have this opportunity to lead […]
Hedge Fund Trader Mathew Martoma Denied “Consciousness Of Guilt” Defense
New York (HedgeCo.Net) – The trial against former SAC Capital trader Mathew Martoma for insider trading during an Alzheimer disease drug trial has started this week in that is being called the most lucrative hedge fund insider trading cases ever prosecuted. CBS […]
Hedge Funds Up $225 Billion In 2013, Record Year For FoHFs
New York (HedgeCo.Net) – Hedge fund managers were up 2.53% in the first half and 5.36% in the second half of the year, according to today’s Eurekahedge update. Funds of hedge funds had their best year relative to the hedge […]
Hedge Fund Hotspot: Malta Nearing $14 Billion
New York (HedgeCo.Net) – The financial services industry in Malta is nearing a €10 billion ($14.6 billion) milestone. It currently has €9.79 billion in net asset value spread across 620 hedge funds, 133 fiduciary licences, 28 international banks, 66 insurance operators, […]
Warren Buffet Acquires Phillips 66 Affiliate
New York (HedgeCo.Net) – Business magnate and philanthropist Warren Buffet announced plans to buy an affiliate of energy manufacturing and logistics company Philips 66. Phillips Specialty Products Inc. (PSPI), develops polymers that reduce drag help improve flow potential in pipelines. “I have […]
Hedge Fund Investor Blackstone Buys Up $200 Million In Crocs Shares
New York (HedgeCo.Net) – An affiliate of hedge fund investor giant Blackstone has acquired $200 million in newly issued series A convertible preferred stock in innovative casual footwear company Crocs, Inc. In connection with the investment, Crocs announced that it intends to revise its capital structure […]
Hedge Fund Regulation: Banks Want CDO Exception To Volcker Rule
New York (HedgeCo.Net) – The SEC and other federal regulars are reviewing whether or not certain CDOs backed by trust preferred securities should be subjected to new regulation under the final Volcker rules. Reuters reports that this would be the […]
Blackstone Sells Pharmaceutical Company To Bain Capital
New York (HedgeCo.Net) – One of Blackstone’s affiliated private equity entities is selling its equity stake in Emcure Pharmaceuticals to Bain Capital, the $70 billion global investment form formerly run and founded by Mitt Romney. Emcure is currently ranked as the 14th largest […]
JOBS Act: SEC Proposes Rules to Increase Access to Capital for Smaller Companies
New York (HedgeCo.Net) – The Securities and Exchange Commission voted to propose rules intended to increase access to capital for smaller companies. The SEC’s proposal would build upon Regulation A, which is an existing exemption from registration for small offerings […]