Category Archives: HedgeCo News
Neuberger Berman Introduces Long Short Multi-Manager Hedge Fund
New York (HedgeCo.Net) – One of the world’s leading employee-owned money managers, announced today the launch of Neuberger Berman Long Short Multi-Manager Fund. “Unlike traditional hedge funds, the Fund provides daily liquidity, lower investment minimums ($1,000 for Class A and […]
Phillip Goldstein files for JOBS Act exemption to allow his Hedge Fund to “Publicly Solicit”
New York (HedgeCo.Net) – Phillip Goldstein, activist hedge fund manager and long time vocal champion for hedge fund’s right to advertise, has just filed with the SEC to allow his fund “Opportunity Income Plus LP” to make public solicitations in […]
SAC: New York Hedge Fund Honcho May Face Prison Time
New York (HedgeCo.Net) – Michael Steinberg, a former portfolio manager at Steven A. Cohen’s hedge fund, SAC Capital Advisors, has been found guilty of involvement in an insider trading scheme. Manhattan U.S. Attorney Preet Bharara said back in April, “As […]
ETF PM Pledges $53,000 to Schools and Charities Selected by Clients
New York (HedgeCo.Net) – ETF Portfolio Management (ETF PM), a revolutionary financial advisory firm, has pledged $53,000 in charitable donations since 2010. The firm has a Pledge to Give Back in which a percentage of each client’s annual advisory fee is […]
Decosimo and Larry Hyatt Accounting Firms Merge
New York (HedgeCo.Net) (December 18, 2013) – Larry Hyatt & Associates of Brentwood, Tennessee, a specialty firm recognized as a leading authority in state and local taxes, has merged with Decosimo, a Top 100 regional CPA firm headquartered in Chattanooga, […]
JOBS Act: Surfing Hedge Fund Video Goes Viral In Financial Circles
New York (HedgeCo.Net) – In November of this year $100 million hedge fund investor Topturn Capital aligned itself with professional Australian surfer Joe Curren. Today, the hedge fund reports that over 6,000 people watched the marketing pitch in four days, easily […]
December’s issue of The Eurekahedge Report
Total assets in the hedge fund industry reached a new record high of US$1.99 trillion, increasing by US$213 billion during the year Of this increase, US$127 billion was raised through net asset flows whereas US$86 billion accrued through performance-based gains […]
Fraudulent Fund Faces SEC In “Make A Lot Of Money” Scheme, 6 Charged
New York (HedgeCo.Net) – Another “get rich scheme” is under fire by the SEC today after a Swiss-based “hedge fund,” Malom Group AG, and six individuals in Las Vegas and Zurich raised $11 million from U.S. investors by using a series […]
The Credit Suisse Hedge Fund Index Finished up 1.31% in November
Index Nov-13 Oct-13 YTD 2013 Broad Index 1.31% 1.59% 8.43% Convertible Arbitrage -0.20% 0.92% 5.47% Dedicated Short Bias -1.49% -1.65% -24.36% Emerging Markets 1.08% 2.01% 7.44% Equity Market Neutral 2.59% 1.17% 7.87% Event Driven 1.68% 1.45% 13.64% Distressed 1.55% […]
Hedge Fund Fraud, JP Morgan, Merrill Lynch, Kaupthing Bank
New York (HedgeCo.Net) – Also in the news today, the Guardian reports that JP Morgan is facing a $2 billion fine for involvement in the Bernard Madoff hedge fund ponzi scheme. The paper reports that the banking giant has tentatively […]
Hedge Fund Regulation: Final Implementation Of The Volcker Rule
New York (HedgeCo.Net) – Coming into effect April 1, 2014, the final rules implementing the new Volcker regulations prohibit banking entities (and their investments in hedge funds) from making risky bets that solely benefit the banks and not the investor. The […]
Man Hedge Fund to Pay $9 Million In Overvaluation Case
New York (HedgeCo.Net) – One of Man Group’s hedge funds, GLG Partners L.P., and its former holding company GLG Partners Inc. agreed to pay nearly $9 million to settle SEC charges over internal failures that led to the overvaluation of fund […]