Category Archives: HedgeCo News
Canadian Hedge Fund of the Year Awards
The Vision Opportunity Fund Limited Partnership II (“Vision LP II”) received an award at the 2013 Canadian Hedge Fund of the Year Awards held last night hosted by KPMG. The Vision LP II received the award for the second highest Three-Year Annualized […]
Citi: $30 Million Fine for Alledgedly Leaking to Hedge Funds
New York (HedgeCo.Net) – NY prosecutors have extracted a $30 million penalty from Citigroup for maintaining an alleged illegal message thoroughfare with insider traders. “We are pleased to have this matter resolved. We take our regulatory compliance requirements very seriously and train […]
8 Hedge Funds File For Advertising Exemption
New York (HedgeCo.Net) – Since Obama’s Jumpstart Our Business Startups Act (JOBs Act), the ban on hedge fund advertising has been lifted. The JOBS Act became law in March 2012 and made the initial recommendation to allow “general solicitation” for […]
Custom House Global Fund Services Opens New York Office
New York (HedgeCo.Net) – Hedge fund service provider Custom House Global Fund Services, has opened a New York office and expanded their business development team in anticipation of growth in the region. Custom House now has seven global locations, over […]
General Motors Pays Out $50 Million To Hedge Funds
New York (HedgeCo.Net) In a bid to finally end litigation going back to 2009, General Motors has agreed to pay out $50 million to hedge funds that believe they were wronged in a 2009 deal with regards to the company’s […]
Investor Funds: Whistleblower Awarded More Than $14 Million By SEC
New York (HedgeCo.Net) – The SEC has awarded more than $14 million to a whistleblower whose information led to enforcement action that recovered substantial investor funds. The award is the largest made by the SEC’s whistleblower program to date. Payments to […]
Hedge Fund Regulation May Slow Over Government Shutdown
New York (HedgeCo.Net) – The U.S. Federal Government has been shut down for the first time in 17 years. Reuters reports that: “A shutdown would not mean a financial free-for-all.” It does however, mean that there are less people in place […]
SEC Charges South Florida Woman Behind Ponzi Scheme
New York (HedgeCo.Net) – The SEC charged a woman living in South Florida with defrauding investors in a Ponzi scheme and affinity fraud that targeted the local Colombian-American community and involved purported investments in immigration bail bonds. The SEC alleges […]
Neuberger Berman Launches US Emerging Markets Hedge Fund
New York (HedgeCo.Net) – One of the world’s leading employee-controlled money managers, Neuberger Berman Group LLC, has launched the Neuberger Berman Emerging Markets Income Fund for its US investors. “We believe the structural case for emerging markets debt (EMD) remains strong, […]
Falcone Sells Hedge Fund Shares In Bid To Liquidate Assets
New York (HedgeCo.Net) – Philip Falcone has sold 18.6 million shares of Harbinger Group to “mini Berkshire Hathaway” Leucadia National Corp, Bloomberg reports. Falcone sold the shares worth $158m as part of a move to raise funds for his SEC settlement of more […]
Defrauding Hedge Funds: Madoff’s Accountant Fudged The Numbers, SEC Says
New York (HedgeCo.Net) – The SEC has charged Bernard Madoff’s longtime accountant for his role in the creation of false books and records used in the massive Ponzi scheme. “Paul Konigsberg’s assistance resulted in the formation of inaccurate trade confirmations each […]
New York Hedge Fund Manager Buys Florida Panthers For $240 Million
New York (HedgeCo.Net) The CEO and founder of New York hedge fund Virtu Financial, an electronic trading firm with offices in the U.S., Singapore and Ireland, has bought the Florida Panthers for $240 million, according to sources. “We understand that the […]