Category Archives: HedgeCo News
Hedge Funds Name Ogier Cayman ‘Top Offshore Law Firm’ for Third Consecutive Year
New York (HedgeCo.Net) – U.S. fund managers participating in the 2013 Hedge Funds Review Service Provider Rankings have ranked Ogier number one among competitors for a third straight year. “We greatly appreciate this latest recognition from the funds industry in […]
Houston Investment Advisors Charged With Hiding Securities Transactions From Clients
New York (HedgeCo.Net) – Two Houston-based investment advisory firms and three executives have been charged by the SEC for engineering thousands of principal transactions through their affiliated brokerage firm without informing their clients. The SEC alleges that investment advisers Parallax […]
Terrapin Buys Hedge Fund Advisory Arm Of Hennessee
New York (HedgeCo.Net) – Hedge fund adviser Terrapin Asset Management LLC., yesterday announced that it has acquired the hedge fund and private equity fund advisory business of Hennessee Group LLC. Hennessee’s hedge fund advisory business was founded in 1987 by […]
Morningstar Hedge Fund Index Up 7.2% Through October 2013
New York (HedgeCo.Net) – Morningstar has reported preliminary hedge fund performance for October 2013 as well as estimated asset flows through September. “Global stock and bond markets pulled back in the beginning of the 16-day U.S. government shutdown in October,” […]
Hedge Fund Analyst Claims He was Paid $2 Million For Insider Tips
New York (HedgeCo.Net) – A former analyst for hedge fund Diamondback Capital Management claims that he received a bonus of over $2 million the same year his insider trading tips helped the hedge fund earn over $3.8 million. The hedge fund has […]
Galleon Hedge Fund: California Techie to Pay $60,000 To Settle SEC Charges
New York (HedgeCo.Net) – Another tech employee at a Silicon Valley-based semiconductor company has been charged for his role tipping nonpublic information used in connection with Raj Rajaratnam’s massive insider trading scheme. The SEC alleges that Sam Miri, who worked […]
The American Way: SEC Charges Colorado Hedge Fund Trader For Targeting Elderly Investors
New York HedgeCo.Net – The SEC today charged a self-described institutional trader in Colorado with defrauding elderly investors into making purported investments in government-secured bonds as he used their money to pay his mortgage. The SEC alleges that Gary C. […]
Hedge Fund Founder And Author Pleads Guilty to Possessing Child Porn
New York (HedgeCo.Net) – Renowned hedge fund founder, adviser and author, Ezra Zask, plead guilty in Manhattan Supreme Court to possessing child pornography yesterday. The plea was made in exchange for probation and registration as a sex offender, Reuters reports. “It’s […]
South Carolina Hedgie Indicted for Defrauding Investors and Obstructing SEC
New York (HedgeCo.Net) – A former hedge fund manager has been arrested in South Carolina after being indicted by a federal grand jury in Atlanta for defrauding his investors of around $8 million and then obstructing the SEC’s investigation. “Stanley […]
Political Agenda Added Risk To the Hedge Fund Market In October
New York (HedgeCo.Net) – New research from Eurekahedge shows that hedge funds delivered healthy gains in October as global markets trended upwards during the month. “US related news dominated global markets for most of the month starting with the 16 […]
Jury Selection Begins For Hedge Fund Portfolio Manager Michael Steinberg
New York (HedgeCo.Net) – Reuters reports that jury selection started yesterday in the case against a portfolio manager at Steven A. Cohen’s hedge fund, SAC Capital Advisors, for his alleged involvement in an insider trading scheme. Manhattan U.S. Attorney Preet […]
Asset Alliance will co-host breakfast focused on Middle East Challenges for the United States
New York (Hedgeco.Net) – Asset Alliance along with First Wall Street and The Rand Corporation will host an intimate breakfast focused on the Middle East and the challenges for the United States. We will bring together regional experts to discuss […]