Category Archives: HedgeCo News
Feds Charge Two More In Hedge Fund Fiasco
New York (HedgeCo.Net) – In the latest news regarding Stephen Cohen’s embattled hedge fund SAC Capital, analyst Sandeep Aggarwal and portfolio manager Richard Lee have been charged with insider trading. According to the SEC complaint filed in federal court in Manhattan, Aggarwal covered both […]
Hedge Fund Performance Down in June
New York (HedgeCo.Net) – Global stock and bond indexes declined in June, according to a new report by hedge fund research firm Morningstar; the MSCI World NR global stock market and Barclays Global Aggregate TR bond indexes dropped 1.2% and […]
Is The SAC Indictment The First Shot in a War Against Outsize Hedge Funds?
New York (HedgeCo.Net) – Steve Cohen is getting squeezed from both ends. A federal grand jury just handed down a criminal indictment against Cohen’s hedge fund SAC Capital – on counts of wire fraud and securities fraud conspiracy. This follows […]
Pennsylvania Hedge Fund Manager Pleads Guilty
New York (HedgeCo.Net) – Pennsylvania hedge fund manager Lloyd Barringer pled guilty over the weekend to four counts of fraud: securities fraud, conspiracy to commit securities fraud, mail fraud, and conspiracy to commit mail fraud. The charges stem from his […]
Not Guilty Plea: SEC vs. Hedge Fund SAC
New York (HedgeCo.Net) – The SEC yesterday charged Steven A. Cohen’s hedge fund SAC Capital Advisors with insider trading ahead of major announcements by technology companies. The firm was charged in federal court in Manhattan with wire fraud and four […]
Bruce Lipnick founder and CEO of Crowd Alliance speaks at the Washington DC VC and Angel Event
New York (HedgeCo.Net) – Bruce H. Lipnick, Founder and CEO of Crowd Alliance was invited to speak at the Washington DC VC and Angel Event. Mr. Lipnick joins some of the leading industry experts in the Crowdfunding Industry including, David […]
[Updated] Cincinnati Hedge Fund Manager Accused Of Running A Ponzi Scheme
[RETRACTION NOTICE] A previously published version of this article stated that Sarasota-based Aviance Capital Management served as a sub-advisor for Landmark Capital Management, Inc. While Aviance was listed a sub-advisor for LCM in 2008, Aviance ceased its sub-advisory role in […]
Hedge Funds To Pay $500K In Sanctions To Texas Pacific Group
New York (HedgeCo.Net) – Private equity firm Texas Pacific Group (TPG) has been awarded approximately $500,000 in sanctions against three hedge funds who had been pursuing involuntary bankruptcy petitions against two former TPG related companies, according to a report by law […]
JP Morgan Liquidating Pension Hedge Fund Investments
New York (HedgeCo.Net) – J.P. Morgan has decided to liquidate all of the hedge fund investments held by its overfunded $13 billion pension fund, industry website Hedge Fund Alert reported today. J.P. Morgan Retirement plans to withdraw approximately $2.3 billion […]
Survey: Hedge Funds Focus On Long/Short Equity and Event-driven Strategies
New York (HedgeCo.Net) – Credit Suisse polled 185 institutional investors on their strategy and allocation activity for its mid-year Hedge Fund Investor Survey. 88% of institutional investors said that they plan to make additional allocations to hedge funds during the second half of […]
Eight Hedge Funds Dump all Gun Stocks, 14 More Cut Holdings
New York (HedgeCo.Net) – Eight hedge funds and money managers have completely divested their gun holdings, valued at $150 million, just six months after Moms Demand Action for Gun Sense in America launched a national divestment campaign against manufacturers of assault weapons and high-capacity […]