Category Archives: HedgeCo News
Man Shuts Down Offerings Linked to Hedge Fund AHL
New York (HedgeCo.Net) – The world’s largest publicly traded hedge fund manager, Man Group Plc, has decided to shut down offerings that have connections to it’s largest hedge fund, AHL, Bloomberg reports. “The company decided this month to shut Man Vision […]
Loeb’s Activist Hedge Fund Acquires 5.7% Stake in Sotheby’s
New York (HedgeCo.net) – A new filing with the SEC shows that Daniel Loeb’s $14 billion hedge fund Third Point LLC spent over $156 million on the acquisition of a 5.7% stake in Sotheby’s. The well known activist hedge fund Third […]
Tips For Investors: Rapoport on Hedge Fund Advertising
New York (HedgeCo.Net) – Dian Vujovich at the Palm Beach Daily News writes about the recent changes to the Securities Act of 1933, which allows hedge funds to raise money through general solicitation and advertising to the public. US hedge funds are, for […]
“Vulture” Hedge Funds Getting Ready to Swoop On Detroit
New York (HedgeCo.Net) – Some major hedge funds are focusing on Detroit, looking for ways to profit from the city’s distressed debt, according to an article from the Detroit Free press. Vulture fund is a term commonly used to refer to a private […]
Hedge Fund Adviser Under Fire For Faking Algorithmic Currency Trading
New York (HedgeCo.Net) – A North Carolina-based investment adviser and its former owner are being looked at by the SEC after they were accused of misleading an investment fund’s board of directors in order to get approval to manage their fund. […]
Hedge Fund Veteran Goodridge Joins Phillip Futures
New York (HedgeCoNet) – Janet Goodridge has joined the Chicago office of Phillip Futures Inc., a member of the Singapore-based PhillipCapital, as Chief Compliance Officer. Launched in Chicago in 2010, PFI is the first U.S. entity for the privately owned PhillipCapital. Goodridge brings 26 years of […]
Blackstone Launches Multi-Manager Fund of Hedge Funds
New York (HedgeCo.Net) – Hedge fund giant Blackstone Group, along with partners Fidelity Investments, said today that they, “Aim to expand their reach to retail clients and rid the hedge fund market of its perceived exclusivity,” with the launch of […]
SEC Charges Former Oppenheimer Private Equity Fund Manager with Misleading Investors
New York (HedgeCo.Net) – Another former hedge fund manager is being targeted by regulators for misleading clients. The SEC has charged a former portfolio manager at Oppenheimer & Co. with misleading investors about the valuation and performance of a fund […]
Jane Jarcho Named Head of SEC’s Hedge Fund Regulatory Program
New York (HedgeCo.Net) – SEC veteran Jane E. Jarcho has been named the National Associate Director of the Investment Adviser/Investment Company examination program in the Office of Compliance Inspections and Examinations (OCIE). She will oversee a staff of approximately 450 […]
Hedge Fund Women Supply 10,000 Fully-supplied Back To School Backpacks For Children In Need
New York (HedgeCo.Net) – High Water Women, a charitable organization founded in 2005 by senior women in the hedge fund industry have delivered a record 10,000 fully-supplied backpacks to tri-state area children in need. The drive raised more than $170,000, allowing […]
EurekaHedge: Funds of Hedge Funds Outperform Single Managers
New York (HedgeCo.net) – Hedge funds are back to their winning ways in July as global markets bounced back from a retreat in June, according to the newly released August 2013 Eurekahedge Report. The Eurekahedge Hedge Fund Index was up 1.02% during the […]
Falcone’s Harbinger Hedge Fund To Pay More Than $18 Million, 5 Year Ban
New York (HedgeCo.Net) – Big news in the industry today, New York-based hedge fund adviser Philip Falcone and his advisory firm Harbinger Capital Partners have agreed to a settlement of more than $18 million, according to the New York Times. […]