Category Archives: HedgeCo News
Yahoo Repurchases 40 Million Shares Held By Hedge Fund Third Point
New York (HedgeCo.Net) – Hedge fund founder Daniel Loeb is taking a step back from Yahoo, resigning his position on the board and selling back his shares in the company. Yahoo has agreed to buy back 40 million shares of […]
Hedge Fund Adviser Steven Cohen Charged With Oversight
New York (HedgeCo.Net) – The SEC has finally found a way to go after Steven Cohen, the new case alleges that Cohen received highly suspicious information that any reasonable hedge fund manager would investigate, yet he did not. The SEC […]
Preet Bharara: Bayou Hedge Fund Victims Awarded Over $31 Million
New York (HedgeCo.Net) – The Southern District of New York has awarded $31,788,917.44 in proceeds from forfeited assets to victims of the fraud committed at the Bayou hedge funds. The forfeited assets include approximately $2 million seized from a bank […]
Hedge Fund Launch: China Equity Fund For U.S. Investors
New York (HedgeCo.Net) – Neuberger Berman, the $214 billion money manager, is launching a China equity fund for U.S. investors. The Neuberger Berman Greater China Equity Fund is a mutual fund for U.S. investors investing primarily in equity securities of issuers based […]
Rajat Gupta Fined $13.9 Million In Hedge Fund Insider Trading Conviction
New York (HedgeCo.Net) – Rajat Gupta, a former member of the Board of Directors at Goldman Sachs, has been fined $13.9 million to settle related civil charges of feeding inside information to his friends. He was accused of conspiracy and securities […]
Tourre Trial Hears Witnesses For The Prosecution
New York (HedgeCo.Net) – The SEC in 2010 filed securities fraud charges against Goldman, Sachs & Co. and an employee, Fabrice Tourre, for making material misstatements and omissions in regards to a CDO that contributed to the financial crisis by […]
Blackstone’s Hedge Fund Solutions Business to Launch Alternative Mutual Fund
New York (HedgeCo.Net) – Hedge fund investor and alternatives giant Blackstone is launching a fund that will allow retail clients access to hedge funds. Blackstone Alternative Asset Management (BAAM) is launching the Blackstone Alternative Multi-Manager Fund, its first alternative investment-focused mutual fund […]
Hedge Fund Giant Investcorp Seeds NY Asset Manager Kortright
New York (HedgeCo.Net) – Investcorp’s hedge fund business has agreed to seed NY based investment manager Kortright Capital Partners LP. Kortright is the newest asset manager to join Investcorp’s Single Manager Platform, which has a total of $2 billion in client and proprietary assets under […]
Hedge Funds Who Invested In BP Partner Are Suing For Oil Spill Damages
New York (HedgeCo.Net) – Anadarko Petroleum Corporation, a BP partner, is being sued by investors for its role in the 2010 Deepwater Horizon oil spill at the Macondo well. Anadarko has over 100 hedge fund shareholders. Reuters reports: “The investors […]
Hedge Fund Assets Down $20.94 Billion In June
New York (HedgeCo.Net) – Hedge funds suffered losses this month according to the new Eurekahedge report. “Hedge funds recorded negative returns in June ending their seven month winning run, as global markets witnessed broad based declines during the month.” Total assets under […]
Hedge Funds, Super-Wealthy Leaving France
New York (HedgeCo.Net) – Following President Francois Hollande’s pledge to raise a top income tax rate of 75% last year, a number of ultra wealthy individuals have already reportedly exited the country to more liberal tax regimes, according to a […]
Businessweek’s Visually Striking Hedge Fund Cover
New York (HedgeCo.net) – The most recent BusinessWeek cover has a provocative take on what it calls “The Hedge Fund Myth.” Bloomberg’s cover story “Hedge Funds Are For Suckers” delves into the reasons one should avoid hedge funds. “Hedge funds may […]