Category Archives: HedgeCo News
Former Hedgie/Madam Arrested For Selling Drugs
New York (HedgeCo.Net) – Now for some weird news: Preet Bharara announced the arrest of Kristen Davis, a former hedge fund administrator who spent four months in prison for running a prostitution ring. She is also running against Eliot Spitzer as a […]
Hochfeld Hedge Fund Adviser Jailed
New York (HedgeCo.Net) – Hedge fund manager and adviser Berton Hochfeld was sentenced this week to two years in prison for defrauding investors out of more than $1 million. Hochfeld pled guilty in January to securities fraud and wires fraud […]
Hedge Fund Manager Targeting Veterans Charged BY SEC
New York (HedgeCo.Net) – A 26 year old hedge fund manager has been charged by the SEC for targeting veterans and military personnel as investors in a hedge fund Ponzi scheme, raising approximately $1.78 million from 24 investors. “Cohn lured investors through […]
New Hedge Funds Fall Flat In First Half of 2013
New York (HedgeCo.Net) – New hedge funds fell flat in the first half of the year, posting the second-worst fundraising total in a decade, according to new Absolute Return research. In total, 43 managers raised $8.2 billion, compared to an $11 billion […]
Sony Rejects Hedge Fund Proposal
New York (HedgeCo.Net) – Sony Corp has rejected Daniel Loeb’s idea for a spinoff of part of Sony’s entertainment arm that would have included a Hollywood movie studio and music business. The board unanimously rejected the deal. “The Sony board of directors […]
Former Goldman Hedge Fund Trader Found Liable For Fraud
New York (HedgeCo.Net) – Fabrice Tourre, the former Goldman Sachs hedge fund trader with the nickname “Fabulous Fab” has been found liable for fraud by a jury in Manhattan on six of seven counts of fraud. The SEC in 2010 filed securities fraud charges […]
Former Hedge Fund General Council Named Director Of FBI
New York (HedgeCo.Net) – Former General Counsel at hedge fund Bridgewater Associates has been named by the senate as the new director of the FBI by a 93-to-1 margin. James Brien Comey, Jr. will succeed Robert S. Mueller III, the Washington Post reveals. […]
Man’s Hedge Fund Arm FRM To Seed Norway’s CommEq
New York (HedgeCo.Net) – Man Group plc‘s fund of hedge fund investment specialist, FRM, has decided to seed CommEq Asset Management as it launches an institutional asset management business. CommEq works with under-explored, unstructured data sources and data streams and claims to […]
Grassi & Co. Expands its Fund Administration Practice with the Utilization of Advent’s GenevaR and Geneva World
New York (HedgeCo.Net) – Grassi & Co.’s Fund Administration Practice is expanding its service capabilities and will now offer Advent’s Geneva® software, the industry’s premier global investment accounting solution that solves the complex challenges faced by hedge funds, global asset […]
Hedge Fund Compliance Technology Spending Is On The Rise
New York (HedgeCo.Net) – It seems hedge funds are wiling to spend more these days in an effort to avoid regulatory pitfalls. Compliance technology spending is likely to grow by 35% from 2012 to 2015, according to a new study […]