Category Archives: HedgeCo News
Survey: Hedge Fund Managers Are Investing In Compliance
New York (HedgeCo.Net) – Hedge fund managers are making significant investments in their firms’ infrastructure to comply with new regulatory requirements, according to a new global survey. The average spend on compliance was at least $700,000 for small fund managers, $6 […]
SEC Seeks Lifetime Ban Against Hedge Fund Billionaire Cohen
New York (HedgeCo.Net) – As SAC Capital is nearing a deal to settle insider trading charges, it has been reported that the hedge fund, run by billionaire investor Steven Cohen, is close to a deal that would include more than […]
SEC Charges Hedge Fund Firm With Violations of Market Access Rule
New York (HedgeCo.Net) – Hedge fund Manager Knight Capital Americas LLC has agreed to pay $12 million to settle charges that it violated the SEC’s market access rule in connection with the firm’s Aug. 1, 2012 trading incident that disrupted […]
Asset Alliance Acquires Stake in HedgeCo Networks
New York (HedgeCo.Net) – Asset Alliance, a multifaceted investment management firm specializing in alternative investment management, has acquired an equity stake in HedgeCo Networks, a financial services firm focused on hedge funds and the operator of HedgeCo.Net, the world’s most trafficked […]
Three US Financiers To Share The Nobel Prize in Economic Sciences 2013
New York (HedgeCo.Net) – The Royal Swedish Academy of Sciences has awarded the Sveriges Riksbank Prize in Economic Sciences to Eugene Fama, Lars Peter Hansen and Robert Shiller “for their empirical analysis of asset prices.” The prize amount is SEK 8 million ($1.2 […]
People Moves: Hedge Fund Veteran Lionel Erdely Joins Investcorp
New York (HedgeCo.Net) – Industry veteran Lionel Erdely has joined Investcorp’s New York-based hedge fund group as Head of Hedge Funds and Chief Investment Officer. Erdely joins Investcorp from Lyxor Asset Management, a subsidiary of Societe Generale Group with approximately $100 […]
Government Shutdown: Rengan Rajaratnam Hedge Fund Insider Trading Case Delayed
New York (HedgeCo.Net) – The insider-trading lawsuit against Rengan Rajaratnam has been delayed due to the ongoing federal government shutdown. Rengan is the younger brother of the now imprisoned hedge fund billionaire Raj Rajaratnam. Bloomberg reports that the case has […]
Hedge Fund Manager Gets 17 Years In Connection With Petters Ponzi Sheme
New York (HedgeCo.Net) – Hedge fund manager James Nathan Fry of Orono, Minnesota was sentenced to 17½ years in prison on five counts of securities fraud, four counts of wire fraud, and three counts of making a false statement to the SEC. […]
The SEC And Hedge Fund Ponzi Schemes
New York (HedgeCo.Net) – Since 2010, the SEC has brought more than 100 enforcement actions against nearly 200 individuals and 250 entities for carrying out Ponzi schemes. More than 65 individuals have been barred from working in the securities industry. […]
Hey Banksy: Hedge Fund Manager Wants To Collaborate To Help Sandy Victims
New York (HedgeCo.Net) – Former managing Director at Deutsche Bank and CEO of hedge fund Saiers Capital (formerly Alphabet Management), has offered street artist Banksy $100,000 to donate to a charity of his choice. “The rumor is that you are in […]