Category Archives: HedgeCo News
Hedge Funds Add New Antitrust Claim Against Porsche
New York (HedgeCo.Net) – A group of hedge funds led by Elliott International and Perry Partners are going up against Porsche, suing them for 1.81 billion euros (approximately $2.4 billion). “After other investors lost two similar claims at a German […]
Hedge Fund People: David Tenney Joins Citi
New York (HedgeCo.Net) – David H. Tenney has joined Citi’s Prime Brokerage business as a Managing Director and Regional Head of Sales for the Americas. He will manage the firm’s unified hedge fund sales efforts across Prime Brokerage, Securities Lending […]
Hedge Fund Receives Confiscated Art As Compensation For Fraud
New York (HedgeCo.Net) – Hedge fund Heathfield Capital Limited has received eighteen pieces of contemporary art including pieces by Andy Warhol, Mark Rothko and Damien Hirst. The artwork has been valued at approximately $33 million. The New York-based hedge fund was a […]
SEC Freezes Assets Of Hedge Fund Davian Capital
New York (HedgeCo.Net) – The SEC has charged Ohio hedge fund manager Anthony Davian with misappropriating more than $1 million from investors in funds managed by his company, defendant Davian Capital Advisors, LLC. In July 2008, Davian formed Davian Capital, an […]
The Credit Suisse Hedge Fund Index Finished up 0.88% in July
The Credit Suisse Hedge Fund Index (the “Broad Index”) finished up 0.88% for the month of July. Performance for the Broad Index and its 10 sub-strategies is calculated monthly. June, July and YTD 2013 performance numbers are listed below and […]
Former SEC Director of Division of Investment Management Eileen Rominger Joins Hedge Fund Advisor CamberView
New York (HedegCo.Net) – Eileen Rominger, former Director of the Division of Investment Management at the United States Securities and Exchange Commission (SEC) and former Global Chief Investment Officer of Goldman Sachs Asset Management (GSAM), has joined CamberView Partners, LLC as […]
Hennessee Hedge Fund Index gained +1.82% in July
New York (HedgeCo.Net) – New York, NY – Hennessee Group LLC announced today that the Hennessee Hedge Fund Index gained +1.82% in July (+6.91% YTD), whilethe S&P 500 gained +4.95% (+18.20% YTD), the Dow Jones Industrial Average increased +3.96% (+18.28% YTD), and the NASDAQ Composite Index rose +6.56% (+20.10% […]
Hedge Fund People: Gordon Elliot Named COO of AxiomSL
New York (HedgeCo.Net) – Former managing director at UBS and Barclays Capital, Gordon Elliot, has been named COO of hedge fund regulatory reporting, compliance and risk management firm Axiom Software Laboratories, Inc. In the newly-created position of Chief Operating Officer, Elliot will […]
Hedge Fund Seeder Investcorp Applauds Prosiris On Surpassing $1 Billion In Assets
New York (HedgeCo.Net) – Hedge fund giant Investcorp has struck gold again by seeding Prosiris Capital Management LLC, a credit-oriented investment manager founded by Reza Ali. Prosiris has now surpassed $1 billion in assets under management, Investcorp provided Prosiris with an initial seed […]
UK Hedge Fund Manager Fighting US Extradition
New York (HedgeCo.Net) – The head of fake hedge fund, Benchmark Asset Management, is fighting against an extradition order stemming from the £12 million ($18.5 million) that he allegedly misappropriated from approximately 50 investors. Mark Duchesne used his investors’ money to buy […]